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Hariom Pipe Industries IPO is a book built issue of Rs 130.05 crores. The issue is entirely a fresh issue of 0.85 crore shares.
Hariom Pipe Industries IPO bidding started from March 30, 2022 and ended on April 5, 2022. The allotment for Hariom Pipe Industries IPO was finalized on Friday, April 8, 2022. The shares got listed on BSE, NSE on April 13, 2022.
Hariom Pipe Industries IPO price band is set at ₹144 to ₹153 per share. The minimum lot size for an application is 98 Shares. The minimum amount of investment required by retail investors is ₹14,994.
Iti Capital Ltd is the book running lead manager of the Hariom Pipe Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Hariom Pipe Industries IPO RHP for detailed information.
| IPO Date | March 30, 2022 to April 5, 2022 |
| Listing Date | April 13, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹153 per share |
| Lot Size | 98 Shares |
| Total Issue Size | 8,500,000 shares (aggregating up to ₹130.05 Cr) |
| Fresh Issue | 8,500,000 shares (aggregating up to ₹130.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 16,976,204 |
| Share holding post issue | 25,476,204 |
Hariom Pipe Industries IPO offers 8,500,000 shares. 2,550,000 (30.00%) to QIB, 2,975,000 (35.00%) to NII, 2,975,000 (35.00%) to RII. 30,357 RIIs will receive minimum 98 shares and (sNII) and (bNII) will receive minimum 1,372 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,550,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 2,975,000 (35.00%) | |
| Retail Shares Offered | 2,975,000 (35.00%) | 30,357 |
| Total Shares Offered | 8,500,000 (100%) |
Hariom Pipe Industries IPO opens on March 30, 2022, and closes on April 5, 2022.
| IPO Open Date | Wednesday, March 30, 2022 |
| IPO Close Date | Tuesday, April 5, 2022 |
| Basis of Allotment | Friday, April 8, 2022 |
| Initiation of Refunds | Monday, April 11, 2022 |
| Credit of Shares to Demat | Tuesday, April 12, 2022 |
| Listing Date | Wednesday, April 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2022 |
Investors can bid for a minimum of 98 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1274 | ₹194,922 |
| Lot Size Calculator | |||
Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.
| Share Holding Pre Issue | 99.10% |
| Share Holding Post Issue | 66% |
Hariom Pipe Industries Limited manufactures iron and steel products including Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company sells and markets MS Pipes in the western and southern parts of India under the brand name "Hariom Pipes". As part of the B2B sales, the company sells MS Pipes and Scaffoldings to specific developers and contractors. Hariom Pipe Industries has more than 200 dealers and distributors for selling its products. The company is located in Hyderabad, Telangana.
The company operates two plants, one at Mahabubnagar District in Telangana (Unit I) that manufactures finished steel products from iron scrap and sponge iron and the second plant at Anantapur District, Andhra Pradesh (Unit II) that only manufactures Sponge Iron.
Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 19,881.96 | 17,374.03 | 13,967.72 | 10,335.11 | |
| Total Revenue | 20,116 | 25,482.31 | 16,115.05 | 13,391.56 | |
| Profit After Tax | 1,286.90 | 1,513.20 | 790.83 | 802 | |
The market capitalization of Hariom Pipe Industries IPO is Rs 389.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.15 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is a south centric player in its field. It has reported bumper profits for the last one and half fiscal that raises eyebrows but as per clarification, it's due to rising in commodity prices globally. Based on this performance, the issue is fully priced, but, it is worth considering for the medium to long term due to competitive value against peers. The listing will be in a “T” group for the initial period, which may rule out a speculative move. Investors may consider an investment with a short to long term perspective. Read detail review...
The Hariom Pipe Industries IPO is subscribed 7.93 times on April 5, 2022 5:00:00 PM. The public issue subscribed 12.15 times in the retail category, 1.91 times in the QIB category, and 8.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.91 |
| NII | 8.87 |
| Retail | 12.15 |
| Total | 7.93 |
| Listing Date | April 13, 2022 |
| BSE Script Code | 543517 |
| NSE Symbol | HARIOMPIPE |
| ISIN | INE00EV01017 |
| Final Issue Price | ₹153 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹153.00 |
| ₹214.00 |
| ₹214.00 |
| ₹224.70 |
| ₹224.70 |
| NSE |
|---|
| ₹153.00 |
| ₹220.00 |
| ₹215.20 |
| ₹231.00 |
| ₹231.00 |
Hariom Pipe Industries Limited
Plot 3-4-174/12/2,
1st Floor, Samarpan Lane, Besides Spencer’s
Pillar No. 125, Attapur, Hyderabad – 500 048
Phone: +91 40 2401 6101
Email: cs@hariompipes.com
Website: http://www.hariompipes.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Hariom Pipe Industries IPO is a main-board IPO of 8,500,000 equity shares of the face value of ₹10 aggregating up to ₹130.05 Crores. The issue is priced at ₹144 to ₹153 per share. The minimum order quantity is 98 Shares.
The IPO opens on March 30, 2022, and closes on April 5, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hariom Pipe Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Hariom Pipe Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hariom Pipe Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hariom Pipe Industries IPO opens on March 30, 2022 and closes on April 5, 2022.
Hariom Pipe Industries IPO lot size is 98 Shares, and the minimum amount required is ₹14,994.
You can apply in Hariom Pipe Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Hariom Pipe Industries IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Hariom Pipe Industries IPO allotment status.
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