New Swan Multitech Limited IPO Detail
Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The company's product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles.
They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.
For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company's product portfolio comprises 300 SKUs of agricultural equipment and auto parts.
In the automotive industry, the company's customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.
In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.
Company Promoters
The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep SinghIPO Details
| IPO Opening Date | Jan 11, 2024 |
| IPO Closing Date | Jan 15, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 - 66 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹33.11 Cr |
| Fresh Issue | ₹33.11 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The New Swan Multitech Limited IPO open date is Jan 11, 2024, and the close date is Jan 15, 2024. The issue may list on Jan 18, 2024.
| IPO Open Date | Jan 11, 2024 |
| IPO Close Date | Jan 15, 2024 |
| Basis of Allotment Date | Jan 16, 2024 |
| Initiation of Refunds | Jan 17, 2024 |
| Credit of Shares to Demat Account | Jan 17, 2024 |
| IPO Listing Date | Jan 18, 2024 |
IPO Lot Size
The New Swan Multitech Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹132000 |
| Maximum | 1 | 2000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.62% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 12876.43 | 15142.17 | 991.93 |
| 31-Mar-22 | 12348.80 | 14552.40 | 363.14 |
Objects of the Issue:
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
- Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana
- Repayment of a portion of certain borrowing availed by the company
- To meet working capital requirements
- General Corporate Purpose.
New Swan Multitech Limited IPO Registrar:
Bigshare Services Pvt Ltd
New Swan Multitech Limited IPO Lead Manager(s):
Hem Securities Limited Share India Capital Services Private Limited
Company Contact Information:
New Swan Multitech Limited
310, Vardhman Crown Mall, Plot No. 2, Sector-19, District Court Complex, Dwarka
New Delhi
New Delhi
