Archit Nuwood Industries Ltd IPO

Archit Nuwood Industries Limited was originally incorporated on September 26, 2017 as a Private Limited Company as Archit Nuwood Industries Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the Company was converted into Public Limited Company and name of company was changed to Archit Nuwood Industries Limited vide fresh certificate of incorporation dated December 27, 2023 issued by the Registrar of Companies, Delhi.

The Indian wood-based panels sector is steadily growing due to rapidly developing local economics and a stable demand for quality panels from local customers. In addition, the growth of retail, hospitality and healthcare sectors have raised the demand for the commercial real estate. This has increased the demand for panels in the local market. According to Indian analysts in the field of boards and timber business, rapid urbanisation will also contribute to the further growth of the sector (with over 40% of the local population expected to be settled in urban areas by 2030). Many of those people would strive for a better standard of living as their per capita income increases, which will lead to the decline of the replacement cycle for furniture from the current 8-10 years to five to seven years. MDF has been an investment area for the Indian boards market in recent years, accounting for the bulk of investments from major players. In recent years its growth rates have varied in the range of 18-23%, though it is to be noted that particleboard and hybrid products have been gaining momentum in Asia, generally due to it being more cost-effective and less energy intensive. As the industry has achieved a significant growth of revenue in recent years it has been able to expand its capacities by installing some new modern equipment. Most of this equipment, along with machinery, has been supplied by global players, which have significantly strengthened their presence in the Indian market in recent years. The global market size for MDF is estimated at 105.16 million CBM (USD 50.2 billion) in 2021. It is expected to witness a CAGR of 9.6% in the period of 2021-2026.

Archit Nuwood Industries Limited is engaged in the business of manufacturing of MDF & HDF boards, and Prelaminated Sheets in various textures like Solid Shades, Wood Grain Shades, Fabric & Stone decors, crafted caul plates to the Prelaminated board surface from Mat. Its product range of Prelaminated MDF/HDF uses the d'cor paper sourced from the Europe, Asia & India with a 65-110 GSM range. Its facility is located in Dashmesh Nagar, Village Chander Kallan, Tehsil Tohana, District Fatehbad, Haryana-125120 equipped with 2 Laminate presses capable of producing laminates in 2440mm x 1220mm (8ft x 4ft) & 3050mm x 1297mm (10ft x 4.25ft).