AIK Pipes And Polymers IPO

AIK Pipes And Polymers IPO will open for subscription from 26 December 2023. The company aims for an issue size of ₹15.02 Cr through this IPO.

Company Overview

Full nameAIK Pipes And Polymers Limited
SectorPlastic Products
IndustryPlastic Products
Company Website

About Company

AIK Pipes and Polymers is involved in the production of a diverse range of HDPE (High-density polyethylene) pipes, HDPE fittings, MDPE (Medium-density polyethylene) pipes, and PPR (Polypropylene random) pipes. These products cater to various applications such as water distribution, gas transmission, sewerage systems, and the telecom sector. The organization operates a fully automated manufacturing facility. Additionally, the company boasts a highly skilled team comprising engineers, technicians, and operators. This team plays a crucial role in both the production and quality control processes of the manufactured products. The approval of the products comes from reputable agencies, including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.

AIK Pipes and Polymers is a registered vendor with government organizations, including the Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board, across the entire region of Rajasthan. AIK Pipes holds ISO 9001:2015 certification, affirming its commitment to delivering the highest quality products to customers through the implementation of a rigorous Quality Management System.

  • To Meet Working Capital Requirement
  • To Meet the Capital Expenditure
  • General Corporate Purpose

The Objectives of the Issue

AIK Pipes And Polymers IPO Timetable

IPO Opening date26 December 2023
IPO Closing28 December 2023
Basis of Allotment29 December 2023
Initiation Refund01 January 2024
Credit to Demat Account01 January 2024
Listing Date02 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on December 28, 2023)

AIK Pipes And Polymers IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹15.02 Cr – 1,688,000 shares
Fresh Issue₹15.02 Cr – 1,688,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹89 per share
Lot size1600 Shares
Market Maker portion84,800 shares
Shareholding pre-issue4,675,000
Shareholding post-issue6,363,000
Listing ExchangeBSE SME

AIK Pipes And Polymers IPO Lot Size

Retail (Min)11600₹142,400
Retail (Max)11600₹142,400
HNI (Min)23,200₹284,800

AIK Pipes And Polymers IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered84,800 (5.02%)
Other Shares Offered801,600 (47.49%)
Retail Shares Offered801,600 (47.49%)
Total Shares Offered1,688,000 (100%)

AIK Pipes And Polymers Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income0.270.881.881.02
(Amount in ₹ Crores)

AIK Pipes And Polymers Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio21.55
RONW (%)31.8143.3533.50
ROCE (%)21.7115.9217.90
EBITDA (%)5.137.419.97

Company Promoters

  • Mr. Imran Khan
  • Ms. Tahira Sheikh

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.47%

AIK Pipes And Polymers Lead Manager(s)

A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022

AIK Pipes And Polymers Registrar

D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197

AIK Pipes And Polymers Contact Details

F-9 Vinayak Enclave, Vaishali Nagar,
Jaipur-302021, Rajasthan, India
Phone: +91 9672749800

AIK Pipes And Polymers IPO Allotment Status

AIK Pipes IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

AIK Pipes And Polymers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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