New Swan Multitech IPO

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 nameNew Swan Multitech Limited
SectorAutomobile & Ancillaries
IndustryAuto ancillary
Company Website

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 date11 January 2024
IPO Closing15 January 2024
Basis of Allotment16 January 2024
Initiation Refund17 January 2024
Credit to Demat Account17 January 2024
Listing Date18 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 15, 2024)

New Swan Multitech IPO details

Issue typeBook Built Issue IPO
IPO issue size₹33.11 Cr – 5,016,000 shares
Fresh Issue₹33.11 Cr – 5,016,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹62 to ₹66 per share
Lot size2000 Shares
Market Maker portion256,000 shares
Shareholding pre-issue14,000,240
Shareholding post-issue19,016,240
Listing ExchangeBSE SME

New Swan Multitech IPO Lot Size

Retail (Min)12000₹132,000
Retail (Max)12000₹132,000
HNI (Min)24,000₹264,000

New Swan Multitech IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,428,000 (28.47%)
Market Maker Shares Offered256,000 (5.10%)
QIB Shares Offered952,000 (18.98%)
NII (HNI) Shares Offered714,000 (14.23%)
Retail Shares Offered1,666,000 (33.21%)
Total Shares Offered5,016,000 (100%)

New Swan Multitech Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income3.433.639.924.98
(Amount in ₹ Crores)

New Swan Multitech Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio8.74 – 9.31
RONW (%)21.0618.2533.27
ROCE (%)12.5612.6424.86
EBITDA (%)7.107.9013.38

Company Promoters

  • Upkar Singh
  • Barunpreet Singh Ahuja
  • Kanwardeep Singh

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.62%

New Swan Multitech Lead Manager(s)

  • Hem Securities Limited
  • Share India Capital Services Private Limited

New Swan Multitech Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

New Swan Multitech Contact Details

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

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

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