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Hi Tech Pipes IPO is a fixed price issue of Rs 13.65 crores.
Hi Tech Pipes IPO bidding started from February 15, 2016 and ended on February 19, 2016. The shares got listed on NSE SME on February 25, 2016.
Hi Tech Pipes IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Hi Tech Pipes IPO, while Sharepro Services Private Limited is the registrar for the issue.
Refer to Hi Tech Pipes IPO RHP for detailed information.
IPO Date | February 15, 2016 to February 19, 2016 |
Listing Date | February 25, 2016 |
Face Value | ₹10 per share |
Price | ₹50 per share |
Lot Size | 3000 Shares |
Total Issue Size | 2,730,000 shares (aggregating up to ₹13.65 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 7,571,100 |
Share holding post issue | 10,301,100 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹150,000 |
Retail (Max) | 1 | 3000 | ₹150,000 |
Lot Size Calculator |
Incorporated in 1985, Hi Tech Piles Ltd (HTP) is an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.
It is serving various industries with its products, ERW pipes & tubes for Oil & Gas and water sector. Black steel pipes, galvanized steel pipes and tubes for construction industry, precision tubes for automobile industry and hollow section for infrastructure and many more to boast of. Today, HTP’s multi-locational integrated plants have cold rolling mills to manufacture CRCA coils and strips, Continuous Galvanizing Line to manufacture Corrugated Sheets and Purling, pre-galvanized sheets required for manufacturing GP pipes, latest technology high speed tube mills to manufacture steel tubes, pipes, hollow sections of various sizes and types to cater the requirements of diverse industries and sectors.
The objects of the Issue are:-
1. To meet the working capital requirements of the Company;
2. General Corporate Purposes;
3. Issue Expenses.
[Dilip Davda]
Investors may consider investment in this justifiably priced IPO in a lucrative segment .
Read detail review...Listing Date | February 25, 2016 |
BSE Script Code | |
NSE Symbol | HITECH |
ISIN | INE106T01017 |
Final Issue Price | ₹50 per share |
Hi-Tech Pipes Ltd
505, Pearl Omaxe Tower,
Netaji Subhash Place,
Pitampura, New Delhi-110034
Phone: +91 11 48440050
Email: info@hitechpipes.in
Website: http://www.hitechpipes.in
Sharepro Services Private Limited
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide
Hi Tech Pipes IPO is a SME IPO of 2,730,000 equity shares of the face value of ₹10 aggregating up to ₹13.65 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000 Shares.
The IPO opens on February 15, 2016, and closes on February 19, 2016.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Hi Tech Pipes IPO opens on February 15, 2016 and closes on February 19, 2016.
Hi Tech Pipes IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
You can apply in Hi Tech Pipes 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 Hi Tech Pipes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hi Tech Pipes IPO allotment status.
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