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 name | AIK Pipes And Polymers Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.aikpipes.com/ |
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 date | 26 December 2023 |
| IPO Closing | 28 December 2023 |
| Basis of Allotment | 29 December 2023 |
| Initiation Refund | 01 January 2024 |
| Credit to Demat Account | 01 January 2024 |
| Listing Date | 02 January 2024 |
AIK Pipes And Polymers IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15.02 Cr – 1,688,000 shares |
| Fresh Issue | ₹15.02 Cr – 1,688,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹89 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 84,800 shares |
| Shareholding pre-issue | 4,675,000 |
| Shareholding post-issue | 6,363,000 |
| Listing Exchange | BSE SME |
AIK Pipes And Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| HNI (Min) | 2 | 3,200 | ₹284,800 |
AIK Pipes And Polymers IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 84,800 (5.02%) |
| Other Shares Offered | 801,600 (47.49%) |
| Retail Shares Offered | 801,600 (47.49%) |
| Total Shares Offered | 1,688,000 (100%) |
AIK Pipes And Polymers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 10.08 | 20.42 | 30.48 | 13.77 |
| Expenses | 984.20 | 19.64 | 28.27 | 12.64 |
| Net income | 0.27 | 0.88 | 1.88 | 1.02 |
AIK Pipes And Polymers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.93 | 3.51 | 4.13 |
| PE ratio | – | – | 21.55 |
| RONW (%) | 31.81 | 43.35 | 33.50 |
| NAV | 21.21 | 28.97 | 43.96 |
| ROCE (%) | 21.71 | 15.92 | 17.90 |
| EBITDA (%) | 5.13 | 7.41 | 9.97 |
| Debt/Equity | 4.51 | 2.13 | 0.96 |
Company Promoters
- Mr. Imran Khan
- Ms. Tahira Sheikh
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
AIK Pipes And Polymers Lead Manager(s)
SHRENI SHARES LIMITED
A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
AIK Pipes And Polymers Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
AIK Pipes And Polymers Contact Details
AIK PIPES AND POLYMERS LIMITED
F-9 Vinayak Enclave, Vaishali Nagar,
Jaipur-302021, Rajasthan, India
Phone: +91 9672749800
E-mail: info@aikpipes.com
Website: www.aikpipes.com
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
