Hariom Pipe Industries Limited IPO Detail
Hariom Pipe Industries Limited manufactures iron and steel products including Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company sells and markets MS Pipes in the western and southern parts of India under the brand name "Hariom Pipes". As part of the B2B sales, the company sells MS Pipes and Scaffoldings to specific developers and contractors. Hariom Pipe Industries has more than 200 dealers and distributors for selling its products. The company is located in Hyderabad, Telangana.
The company operates two plants, one at Mahabubnagar District in Telangana (Unit I) that manufactures finished steel products from iron scrap and sponge iron and the second plant at Anantapur District, Andhra Pradesh (Unit II) that only manufactures Sponge Iron.
Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.
Competitive Strengths:
- Integrated nature of our operations.
- Environment-friendly manufacturing process.
- The strategic location of manufacturing Units.
- Cost advantage in manufacturing our products.
- Competitive pricing of our products.
- Experienced & Qualified Team.
Company Promoters
Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.IPO Details
| IPO Opening Date | Mar 30, 2022 |
| IPO Closing Date | Apr 05, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹144 - 153 per equity share |
| Market Lot | 98 Shares |
| Min Order Quantity | 98 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹130.05 Cr |
| Fresh Issue | ₹130.05 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 0.02x | 1.88x | 0.67x |
| Day 2 | 0.44x | - | - | 0.32x | 3.55x | 1.48x |
| Day 3 | 0.44x | - | - | 0.33x | 4.66x | 1.88x |
| Day 4 | 0.82x | - | - | 1.93x | 7.17x | 3.43x |
| Day 5 | 1.91x | - | - | 8.87x | 12.15x | 7.93x |
IPO Tentative Timetable
The Hariom Pipe Industries Limited IPO open date is Mar 30, 2022, and the close date is Apr 05, 2022. The issue may list on Apr 13, 2022.
| IPO Open Date | Mar 30, 2022 |
| IPO Close Date | Apr 05, 2022 |
| Basis of Allotment Date | Apr 08, 2022 |
| Initiation of Refunds | Apr 11, 2022 |
| Credit of Shares to Demat Account | Apr 12, 2022 |
| IPO Listing Date | Apr 13, 2022 |
IPO Lot Size
The Hariom Pipe Industries Limited IPO market lot size is 98 shares. A retail-individual investor can apply for up to 13 lots (1274 shares or ₹194922).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 98 | ₹14994 |
| Maximum | 13 | 1274 | ₹194922 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.10% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 19881.96 | 20116 | 1286.90 |
| 31-Mar-21 | 17374.03 | 25482.31 | 1513.20 |
| 31-Mar-20 | 13967.72 | 16115.05 | 790.83 |
| 31-Mar-19 | 10335.11 | 13391.56 | 802 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure requirements.
- Funding the working capital requirements of our Company.
- General corporate purposes.
Hariom Pipe Industries Limited IPO Registrar:
Bigshare Services Pvt Ltd
Hariom Pipe Industries Limited IPO Lead Manager(s):
ITI Capital Ltd.
Company Contact Information:
Hariom Pipe Industries Limited
Plot 3-4-174/12/2, 1st Floor, Samarpan Lane, Besides Spencer’s
Pillar No. 125, Attapur
Hyderabad
