Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Swastik Pipe IPO is a book built issue of Rs 62.52 crores. The issue is entirely a fresh issue of 62.52 lakh shares.
Swastik Pipe IPO bidding started from September 29, 2022 and ended on October 3, 2022. The allotment for Swastik Pipe IPO was finalized on Friday, October 7, 2022. The shares got listed on NSE SME on October 12, 2022.
Swastik Pipe IPO price band is set at ₹97 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Swastik Pipe IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Swastik Pipe IPO RHP for detailed information.
| IPO Date | September 29, 2022 to October 3, 2022 |
| Listing Date | October 12, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹97 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,252,000 shares (aggregating up to ₹62.52 Cr) |
| Fresh Issue | 6,252,000 shares (aggregating up to ₹62.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,979,460 |
| Share holding post issue | 23,231,460 |
| Market Maker portion | 314,400 shares |
Swastik Pipe IPO offers 6,252,000 shares. 2,968,800 (47.49%) to NII, 2,968,800 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 314,400 (5.03%) |
| NII (HNI) Shares Offered | 2,968,800 (47.49%) |
| Retail Shares Offered | 2,968,800 (47.49%) |
| Total Shares Offered | 6,252,000 (100%) |
Swastik Pipe IPO opens on September 29, 2022, and closes on October 3, 2022.
| IPO Open Date | Thursday, September 29, 2022 |
| IPO Close Date | Monday, October 3, 2022 |
| Basis of Allotment | Friday, October 7, 2022 |
| Initiation of Refunds | Monday, October 10, 2022 |
| Credit of Shares to Demat | Tuesday, October 11, 2022 |
| Listing Date | Wednesday, October 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2022 |
Investors can bid for a minimum of 1200 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 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal are the company promoters.
| Share Holding Pre Issue | 88.27% |
| Share Holding Post Issue | 64.51% |
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 Structure 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.
| 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 | 7980.91 | 7060.78 |
| 31-Mar-21 | 33625.88 | 52383.88 | 148.64 | 8129.51 | 7209.42 |
| 31-Mar-22 | 34127.21 | 61219.77 | 2041.11 | 14169.42 | 12471.47 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Swastik Pipe IPO is Rs 232.32 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.38 |
The objects of the Issue are:-
1. To meet out the Working Capital requirements of the Company.
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
[Dilip Davda] Though the company is eligible for mainboard IPO, it has opted for the SME route which is raising eyebrows. It marked a loss for FY20 and super profits for FY22 with the help of exceptional items. Based on FY22 performance excluding exceptional items, the issue is aggressively priced. It is operating in a highly competitive segment and hence sustainability of margins is a major concern. There is no harm in skipping this aggressively priced IPO. Read detail review...
The Swastik Pipe IPO is subscribed 1.35 times on October 3, 2022 7:00:00 PM. The public issue subscribed 1.33 times in the retail category, times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.37 |
| Retail | 1.33 |
| Total | 1.35 |
| Listing Date | October 12, 2022 |
| BSE Script Code | |
| NSE Symbol | SWASTIK |
| ISIN | INE0DGC01025 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹66.00 |
| ₹66.00 |
| ₹69.30 |
| ₹69.30 |
Swastik Pipe Limited
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
Phone: +91-11-35453545
Email: cs@swastikpipes.com
Website: https://swastikpipes.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Swastik Pipe IPO is a SME IPO of 6,252,000 equity shares of the face value of ₹10 aggregating up to ₹62.52 Crores. The issue is priced at ₹97 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 29, 2022, and closes on October 3, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Swastik Pipe IPO using UPI as a payment gateway. Zerodha customers can apply in Swastik Pipe IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swastik Pipe IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swastik Pipe IPO opens on September 29, 2022 and closes on October 3, 2022.
Swastik Pipe IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Swastik Pipe 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 Swastik Pipe IPO will be done on Friday, October 7, 2022, and the allotted shares will be credited to your demat account by Tuesday, October 11, 2022. Check the Swastik Pipe IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (1300+ Posts, 400+ Likes)
Top Contributor (200+ Posts, 200+ Likes)
IPO Guru (2600+ Posts, 3700+ Likes)
archen 1/5
kaynes1/6
aaj atlest 2 ki unmid thi meri........