Swastik Pipe Limited
NSE SME₹120,000 / 1200 Shares
Swastik Pipe Limited IPO Details
The Swastik Pipe Limited IPO price band is set between ₹97-100 per equity share, with a face value of ₹10 per share. The issue is managed by Skyline Financial Services Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 29 Sep, 2022 and closes on 3 Oct, 2022. Investors can check the allotment status on 7 Oct, 2022, while the listing date is tentatively scheduled for 12 Oct, 2022.
The total issue size is 6,252,000 shares of ₹10, aggregating up to ₹62.52 Cr. Stay tuned for the latest Swastik Pipe Limited IPO review and GMP updates.
Swastik Pipe Limited IPO Review, Rating & Analysis
Swastik Pipe Limited IPO Review
NO REVIEWSwastik Pipe Limited IPO Rating
Swastik Pipe Limited IPO Highlights
IPO Date
Sep 29, 2022 - Oct 3, 2022
Listing Date
12 Oct, 2022
Face Value
₹10 Per Equity Share
Price Band
₹97-100 per equity share
Lot Size
-
Fresh Issue
6,252,000 Shares
Offer for Sale
-
Listing At
NSE SME
Swastik Pipe Limited IPO Lot Size
The minimum market lot for Swastik Pipe Limited IPO is 1200 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,20,000 |
| Retail (Max) | 1 | 1200 | ₹1,20,000 |
| S-HNI (Min) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Max) | 8 | 9600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10800 | ₹10,80,000 |
Swastik Pipe Limited IPO Timeline
Issue Price
₹97-100 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdLead Manager
Corporate CapitalVentures Pvt LtdIssue 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)
Swastik Pipe Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 34127.21 | 61219.77 | 2041.11 | - | - | - |
| 31 Mar 21 | 33625.88 | 52383.88 | 148.64 | - | - | - |
| 31 Mar 20 | 33650.76 | 65807.21 | -1389.25 | - | - | - |
| 31 Mar 19 | 35607.65 | 72756.38 | 467.97 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Sandeep Bansal
- Smt. Geeta Devi Aggarwal
- Mrs. Anupama Bansal
- Mr. Shashwat Bansal
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 88.27% | 64.51% |
About Company
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.
Swastik Pipe Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,968,800 | 2,968,800 | 5,937,600 |
Day 1 -29-09-22 06:00 PM | 0.56 x | 0.09 x | 0.33 x |
Day 2 -30-09-22 06:00 PM | 0.76 x | 0.22 x | 0.49 x |
Day 3 -03-10-22 06:00 PM | 1.29 x | 1.33 x | 1.35 x |
Frequently Asked Questions about Swastik Pipe Limited IPO
When will Swastik Pipe Limited IPO open for subscription?
The Swastik Pipe Limited IPO opens on 29 Sep, 2022 and closes on 3 Oct, 2022.
What is the investors portion for Swastik Pipe Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2968800.
How to apply for Swastik Pipe Limited IPO?
You can apply for Swastik Pipe Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Swastik Pipe Limited IPO?
The issue size of Swastik Pipe Limited IPO is approx ₹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) crores.
What is the price band of Swastik Pipe Limited IPO?
The price band for Swastik Pipe Limited IPO is ₹97 to ₹100 per equity share.
What is the lot size of Swastik Pipe Limited IPO?
The minimum bid (lot size) for Swastik Pipe Limited IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of Swastik Pipe Limited IPO?
The allotment date for Swastik Pipe Limited IPO is 7 Oct, 2022.
What is the listing date of Swastik Pipe Limited IPO?
The listing date for Swastik Pipe Limited IPO is expected to be 12 Oct, 2022.
What is the GMP of Swastik Pipe Limited IPO?
The latest Grey Market Premium (GMP) for Swastik Pipe Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.