New Swan Multitech IPO will open for subscription from 11 January 2024. The company aims for an issue size of ₹33.11 Cr through this IPO.
Company Overview
| Full name | New Swan Multitech Limited |
| Sector | Automobile & Ancillaries |
| Industry | Auto ancillary |
| Company Website | https://www.swanagro.in/ |
About Company
Founded in 2014, New Swan Multitech specializes in crafting precision-engineered components and parts tailored for two distinct sectors: the automotive industry and modern farming. Within the automotive sector, the company’s offerings comprise a comprehensive product portfolio. This includes essential components like engine hangers, body covers, front cover stay components, fuel filler cap components, complete main stand assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and various other crucial parts vital for two-wheeler vehicles.
Additionally, the company engages in the design and production of diverse brackets, including those for cooling recovery reservoirs, exhaust tailpipes, fuse blocks, floor panels, and air cleaner inlet hoses for passenger cars. In the realm of modern farming, the company produces a wide array of machinery, including rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levelers, disc plows, and various other agricultural implements.
As of 30 September 2023, the company’s product lineup encompasses 300 SKUs, consisting of agricultural equipment and auto parts. Within the automotive sector, the company serves a diverse customer base, including Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. Conversely, the company distributes its agricultural implements to 200 dealers across 11 Indian states: Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra.
New Swan Multitech also exports its agricultural implements to nations such as Mauritius, Russia, Kazakhstan, South Africa, Sudan, and Nepal. In the fiscal years 2023 and 2022, exports accounted for 2.08% and 1.39% of the company’s revenue, respectively.
The Objectives of the Issue
- Funding of capital expenditure towards the purchase of certain machinery 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 IPO Timetable
| IPO Opening date | 11 January 2024 |
| IPO Closing | 15 January 2024 |
| Basis of Allotment | 16 January 2024 |
| Initiation Refund | 17 January 2024 |
| Credit to Demat Account | 17 January 2024 |
| Listing Date | 18 January 2024 |
New Swan Multitech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹33.11 Cr – 5,016,000 shares |
| Fresh Issue | ₹33.11 Cr – 5,016,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹62 to ₹66 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 256,000 shares |
| Shareholding pre-issue | 14,000,240 |
| Shareholding post-issue | 19,016,240 |
| Listing Exchange | BSE SME |
New Swan Multitech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
New Swan Multitech IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,428,000 (28.47%) |
| Market Maker Shares Offered | 256,000 (5.10%) |
| QIB Shares Offered | 952,000 (18.98%) |
| NII (HNI) Shares Offered | 714,000 (14.23%) |
| Retail Shares Offered | 1,666,000 (33.21%) |
| Total Shares Offered | 5,016,000 (100%) |
New Swan Multitech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 149.47 | 145.47 | 151.16 | 77.85 |
| Expenses | 144.73 | 140.43 | 137.68 | 70.60 |
| Net income | 3.43 | 3.63 | 9.92 | 4.98 |
New Swan Multitech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.45 | 2.59 | 7.09 |
| PE ratio | – | – | 8.74 – 9.31 |
| RONW (%) | 21.06 | 18.25 | 33.27 |
| NAV | 11.62 | 14.21 | 21.30 |
| ROCE (%) | 12.56 | 12.64 | 24.86 |
| EBITDA (%) | 7.10 | 7.90 | 13.38 |
| Debt/Equity | 2.82 | 2.41 | 1.31 |
Company Promoters
- Upkar Singh
- Barunpreet Singh Ahuja
- Kanwardeep Singh
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.62% |
New Swan Multitech Lead Manager(s)
- Hem Securities Limited
- Share India Capital Services Private Limited
New Swan Multitech Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
New Swan Multitech Contact Details
NEW SWAN MULTITECH LIMITED
310, Vardhman Crown Mall, Plot No. 2,
Sector-19, District Court Complex, Dwarka,
New Delhi, South West Delhi – 110 075, India
Phone: +91-161-4346000
E-mail: cs@swanagro.in
Website: www.swanagro.in
New Swan Multitech IPO Allotment Status
New Swan Multitech IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
New Swan Multitech 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
