Bookbuilding IPO | ₹130 Cr | Listed at BSE, NSE | Wed, Mar 30, 2022 - Tue, Apr 5, 2022
Hariom Pipe Industries IPO is a book build issue of ₹130.05 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹130.05 crore.
Hariom Pipe Industries IPO bidding started from Mar 30, 2022 and ended on Apr 5, 2022. The allotment for Hariom Pipe Industries IPO was finalized on Apr 8, 2022. The shares got listed on BSE, NSE on Apr 13, 2022.
Hariom Pipe Industries IPO price band is set at ₹153 per share. The lot size for an application is 98. The minimum amount of investment required by an retail is ₹14,994 (98 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,372 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (6,566 shares), amounting to ₹10,04,598.
ITI Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Hariom Pipe Industries IPO RHP for detailed Information.
IPO Open
Wed, Mar 30, 2022
IPO Close
Tue, Apr 5, 2022
Issue Price
₹153 per share
Market Cap (Pre-IPO)
₹389.79 Cr
| IPO Date | 30 Mar to 5 Apr, 2022 |
| Listed on | Wed, Apr 13, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹153 |
| Issue Price | ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 85,00,000 shares (agg. up to ₹130 Cr) |
| Fresh Issue | 85,00,000 shares (agg. up to ₹130 Cr) |
| Share Holding Pre Issue | 1,69,76,204 shares |
| Share Holding Post Issue | 2,54,76,204 shares |
| BSE Script Code / NSE Symbol | 543517 / HARIOMPIPE |
| ISIN | INE00EV01017 |
Hariom Pipe Industries IPO offers total 85,00,000 shares. Out of which 25,50,000 (30.00%) allocated to QIB, 29,75,000 (35.00%) allocated to NII 29,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 25,50,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 29,75,000 (35.00%) | NA |
| Retail Shares Offered | 29,75,000 (35.00%) | 30,357 |
| Total Shares Offered | 85,00,000 (100.00%) |
Investors can bid for a minimum of 98 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1,274 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1,372 | ₹2,09,916 |
| S-HNI (Max) | 66 | 6,468 | ₹9,89,604 |
| B-HNI (Min) | 67 | 6,566 | ₹10,04,598 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements | 50.05 |
| 2 | Funding the working capital requirements of the Company | 40.00 |
| 3 | General Corporate Purposes | 30.35 |
| Total | 120.40 |
| KPI | |
|---|---|
| ROE | 21.38 |
| ROCE | 27.41 |
| Debt/Equity | 1.13 |
| RoNW | 21.38 |
| PAT Margin | 5.94% |
| EBITDA Margin | 13.72% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.64 | |
| P/E (x) | 15.15 | |
| Promoter Holding | 99.10% | 66% |
| Market Cap | ₹389.79 Cr. |
The Hariom Pipe Industries IPO is subscribed 7.93 times on April 5, 2022 5:00:00 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.91 | 25,50,000 | 48,75,598 |
| NII | 8.87 | 29,75,000 | 2,63,79,150 |
| Retail | 12.15 | 29,75,000 | 3,61,49,848 |
| Total | 7.93 | 85,00,000 | 6,74,04,596 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 2.93 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.11 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to the other advisors to the Issue and Statutory Auditors | 2.54 |
| 5 | Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 0.50 |
| 6 | Printing and stationary expenses | 0.11 |
| 7 | Advertising and marketing expenses | 1.49 |
| 8 | Fees payable to legal counsel | 0.38 |
| 9 | Miscellaneous | 0.60 |
| Total | 9.65 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹153.00 | ₹153.00 |
| Open | ₹214.00 | ₹220.00 |
| Low | ₹214.00 | ₹215.20 |
| High | ₹224.70 | ₹231.00 |
| Last Trade | ₹224.70 | ₹231.00 |
Lead Manager Reports
Hariom Pipe Industries IPO is a main-board IPO of 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹130 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 98.
The IPO opens on Wed, Mar 30, 2022, and closes on Tue, Apr 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 Wed, Mar 30, 2022 and closes on Tue, Apr 5, 2022.
Hariom Pipe Industries IPO lot size is 98, and the minimum amount required for application is ₹14,994.
You can apply in Hariom Pipe Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Apr 12, 2022. Check the Hariom Pipe Industries IPO allotment status.
The Hariom Pipe Industries IPO listing date is on Wed, Apr 13, 2022.
