Swastik Pipe IPO

Swastik Pipe IPO

Swastik Pipe IPO will open for subscription from 29 September 2022. the company aims for an issue size of ₹62.52 Cr through this IPO.

Swastik Pipe Limited

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 structures 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.

Basic details about the company

Full nameSwastik Pipe Limited
SectorIron & Steel
IndustryIron & Steel Products
Company Websitehttps://swastikpipes.com/

Objects of the Issue

  • For  Working Capital requirements of the Company.
  • For  Issue Expenses.
  • General Corporate Purposes.

Dates to remember

IPO Opening date29 September 2022
IPO Closing03 October 2022
Basis of Allotment07 October 2022
Initiation Refunds10 October 2022
Credit to Demat Account11 October 2022
Listing Date12 October 2022

Swastik Pipe IPO Details

Swastik Pipe IPO DateSep 29, 2022, to Oct 3, 2022
Swastik Pipe Face Value₹10 per share
Swastik Pipe IPO Price₹97 to ₹100 per share
Lot Size1200 Shares
Issue Size6,252,000 shares of ₹10
(aggregating up to ₹62.52 Cr)
Fresh Issue6,252,000 shares of ₹10
(aggregating up to ₹62.52 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

Swastik Pipe IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000

Swastik Pipe IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Swastik Pipe Financial Performance

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
(Figures are in ₹Lakhs)

Company Promoters

  • Mr. Sandeep Bansal
  • Smt. Geeta Devi Aggarwal
  • Mrs. Anupama Bansal
  • Mr. Shashwat Bansal 

Swastik Pipe IPO Promoter Holding

Pre Issue Share Holding88.27%
Post Issue Share Holding64.51%

Lead Manager(s)

  • Corporate CapitalVentures Pvt Ltd

Swastik Pipe IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020

Website:  https://www.skylinerta.com/
Email:  info@skylinerta.com
Phone: 02228511022

Company Contact Information

Swastik Pipe Limited
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
Phone: +91-11-35453545
Email: cs@swastikpipes.com

Final thoughts

Swastik Pipe IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do 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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