It has been said on behalf of the company that the face value of each share will be Rs 10.
IPO 50 percent will be reserved for HNIs and 50 percent for retail investors.
The tentative date of allotment is October 7 and the expected date of listing is October 12.
Mumbai. The issue of Swastik Pipe Limited is going to open in the IPO market from today. It will open for IPO from 29 September and will close on 3 October. The company has fixed a price band of ₹ 97 to ₹ 100 per equity share for the IPO. The company plans to issue 62.51 lakh shares through this issue.
It has been said on behalf of the company that the face value of each share will be Rs 10. The shares will be issued through the book-building process. In this IPO, 50 percent stake will be reserved for HNI investors and 50 percent for retail investors.
Allotment and listing expected on this date
The company’s shares are expected to be listed on the National Stock Exchange’s (NSE) SME platform. The Nifty SME Emerge Index is designed to reflect the performance of the portfolio of eligible small and medium enterprises listed on the NSE Emerge platform. The tentative date for allotment of shares is October 7, 2022, while the expected date of listing of shares is October 12.
IPO Market- Electronics Mart IPO price band fixed, issue will open from this date, know full details
Swastik Pipes is engaged in the business of manufacturing mild steel and galvanized pine and tubes since 1973. The company has two plants in Haryana and UP. The company has expanded its business in the last few years. Now Swastik Pipes also manufactures solar module mounting structures, transmission towers and special structures for railways.
The company has many big clients at home and abroad.
The order book position of Swastik Pipes as on 31st August 2022 was ₹300 crores. This is in addition to the running order that the company is executing. The major clients of the company include Reliance Industries, BHEL, Coal India, DMRC, EIL, Hindustan Zinc, L&T, NALCO, NTPC, ABB Limited etc. At the same time, some clients are in many countries ranging from USA, UK, UAE, Australia, Qatar, Germany.
IPO Update: Many opportunities will be available this week, keep money ready, 13 in the line of launching IPO
The company’s net profit in the financial year 2022 was Rs 20.41 crore, while in the last financial year itself the figure was 1.48 crore. At the same time, the revenue also increased to 608 crores in this period while the revenue in the financial year 2021 was Rs 522 crores.
Tags: investment and return, IPO, stock market
FIRST PUBLISHED : September 29, 2022, 10:54 IST