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 name | Swastik Pipe Limited |
| Sector | Iron & Steel |
| Industry | Iron & Steel Products |
| Company Website | https://swastikpipes.com/ |
Objects of the Issue
- For Working Capital requirements of the Company.
- For Issue Expenses.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 29 September 2022 |
| IPO Closing | 03 October 2022 |
| Basis of Allotment | 07 October 2022 |
| Initiation Refunds | 10 October 2022 |
| Credit to Demat Account | 11 October 2022 |
| Listing Date | 12 October 2022 |
Swastik Pipe IPO Details
| Swastik Pipe IPO Date | Sep 29, 2022, to Oct 3, 2022 |
| Swastik Pipe Face Value | ₹10 per share |
| Swastik Pipe IPO Price | ₹97 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | 6,252,000 shares of ₹10 (aggregating up to ₹62.52 Cr) |
| Fresh Issue | 6,252,000 shares of ₹10 (aggregating up to ₹62.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Swastik Pipe IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
Swastik Pipe IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Swastik Pipe Financial Performance
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 35607.65 | 72756.38 | 467.97 | 9370.13 | 8450.03 |
| 31-Mar-20 | 33650.76 | 65807.21 | -1389.25 | 7980.87 | 7060.78 |
| 31-Mar-21 | 33625.88 | 52384.8 | 148.64 | 8129.51 | 7209.42 |
| 30-Nov-21 | 33125.38 | 38601.64 | 202.19 | 11331.72 | 10034.26 |
Company Promoters
- Mr. Sandeep Bansal
- Smt. Geeta Devi Aggarwal
- Mrs. Anupama Bansal
- Mr. Shashwat Bansal
Swastik Pipe IPO Promoter Holding
| Pre Issue Share Holding | 88.27% |
| Post Issue Share Holding | 64.51% |
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
Website: https://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
