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Hariom Pipe Industries Limited IPO Detail

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:

  1. Integrated nature of our operations.
  2. Environment-friendly manufacturing process.
  3. The strategic location of manufacturing Units.
  4. Cost advantage in manufacturing our products.
  5. Competitive pricing of our products.
  6. Experienced & Qualified Team.

Company Promoters

Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.

IPO Details

IPO Opening DateMar 30, 2022
IPO Closing DateApr 05, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹144 - 153 per equity share
Market Lot98 Shares
Min Order Quantity98 Shares
Listing AtBSE, NSE
Issue Size₹130.05 Cr
Fresh Issue₹130.05 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 0.02x 1.88x 0x - 0.67x
Day 2 0.44x 0.32x 3.55x 0x - 1.48x
Day 3 0.44x 0.33x 4.66x 0x - 1.88x
Day 4 0.82x 1.93x 7.17x 0x - 3.43x
Day 5 1.91x 8.87x 12.15x 0x - 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 DateMar 30, 2022
IPO Close DateApr 05, 2022
Basis of Allotment DateApr 08, 2022
Initiation of RefundsApr 11, 2022
Credit of Shares to Demat AccountApr 12, 2022
IPO Listing DateApr 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding99.10%
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:

  1. Funding capital expenditure requirements.
  2. Funding the working capital requirements of our Company.
  3. 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