AIK Pipes And Polymers Limited IPO Detail
Founded in 2017, AIK Pipes and Polymers Limited manufactures pipes, HDPE fittings, MDPE pipes and PPR pipes for the water distribution, gas transmission, sewerage systems, and telecommunication sectors.
The company has 3 manufacturing facilities in Jaipur, Rajasthan which are operated on a lease basis.
The company has a competent team of engineers, technicians and operators who play an important role in the production and quality control of the products.
These products are approved by several authorities including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation and GAIL.
AIK Pipes is registered with the Government of Rajasthan as a supplier of water supply and sewerage management.
As of June 30, 2023, the company recorded a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs.
The company is an ISO 9001:2015 certified company. As of June 30, 2023, the company had 23 employees on its payroll.
Company Promoters
The promoters of the company are Mr. Imran Khan and Ms. Tahira SheikhIPO Details
| IPO Opening Date | Dec 26, 2023 |
| IPO Closing Date | Dec 28, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹69 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹15.02 Cr |
| Fresh Issue | 1,688,000 shares (aggregating up to ₹15.02 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.37x | 2.00x | 1.19x | |
| Day 2 | - | - | 1.05x | 6.39x | 4.72x | |
| Day 3 | - | - | 52.17x | 30.93x | 43.57x |
IPO Tentative Timetable
The AIK Pipes And Polymers Limited IPO open date is Dec 26, 2023, and the close date is Dec 28, 2023. The issue may list on Jan 02, 2024.
| IPO Open Date | Dec 26, 2023 |
| IPO Close Date | Dec 28, 2023 |
| Basis of Allotment Date | Dec 29, 2023 |
| Initiation of Refunds | Jan 01, 2024 |
| Credit of Shares to Demat Account | Jan 01, 2024 |
| IPO Listing Date | Jan 02, 2024 |
IPO Lot Size
The AIK Pipes And Polymers Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹110400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹110400 |
| Maximum | 1 | 1600 | ₹110400 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-23 | 1638.56 | 1400.42 | 101.97 |
| 31-Mar-23 | 1450.50 | 3077.92 | 187.74 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirement
- To Meet the Capital Expenditure
- General Corporate Purpose
AIK Pipes And Polymers Limited IPO Registrar:
Skyline Financial Services Private Ltd
AIK Pipes And Polymers Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
AIK Pipes And Polymers Limited
F-9 Vinayak Enclave, Vaishali Nagar
Jaipur
Jaipur
