Swastik Pipe IPO Detail
Incorporated in 1973, Swastik Pipe Limited is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.
The company has two plants located at Bahadurgarh, Distt. Jharjjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity, both units aggregating 2,01,250 MT.
Swastik Pipe has diversified its Manufacturing activities towards the production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding and Formwork.
Swastik Pipe Ltd is one of the oldest manufacturers and suppliers of steel pipes and tubes to various heavy engineering industries in India and abroad. The company's customers are HPSCSC, SHIMLA, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and SUPER STAR STEELS (P) LTD., among others.
Company Promoters
Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat BansalIPO Details
| IPO Opening Date | Sep 29, 2022 |
| IPO Closing Date | Oct 03, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹97 - 100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹62.52 Cr |
| Fresh Issue | ₹62.52 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.76x | 0.22x | 0.49x | |
| Day 2 | - | - | 1.37x | 1.33x | 1.35x |
IPO Tentative Timetable
The Swastik Pipe IPO open date is Sep 29, 2022, and the close date is Oct 03, 2022. The issue may list on Oct 12, 2022.
| IPO Open Date | Sep 29, 2022 |
| IPO Close Date | Oct 03, 2022 |
| Basis of Allotment Date | Oct 07, 2022 |
| Initiation of Refunds | Oct 10, 2022 |
| Credit of Shares to Demat Account | Oct 11, 2022 |
| IPO Listing Date | Oct 12, 2022 |
IPO Lot Size
The Swastik Pipe IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 88.27% |
| Post Issue Share Holding | 64.51% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 33650.76 | 65807.21 | -1389.25 |
| 31-Mar-21 | 33625.88 | 52383.88 | 148.64 |
| 31-Mar-22 | 34127.21 | 61219.77 | 2041.11 |
Objects of the Issue:
The objects of the Issue are:-
1. To meet out the Working Capital requirements of the Company.
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
Swastik Pipe IPO Registrar:
Skyline Financial Services Private Ltd
Swastik Pipe IPO Lead Manager(s):
Corporate Capital Ventures Pvt Ltd
Company Contact Information:
Swastik Pipe
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
