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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 ₹153.00 per share . The lot size for an application is 98. The minimum amount of investment required by an retail is ₹14,112 (98 shares). 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 Date | March 30, 2022 to April 5, 2022 |
| Listing Date | April 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹144 to ₹153 per share |
| Issue Price Final | ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 85,00,000 shares (aggregating up to ₹130.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,69,76,204 shares |
| Share Holding Post Issue | 2,54,76,204 shares |
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 | Maximum 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%) |
Hariom Pipe Industries IPO opens on March 30, 2022, and closes on April 5, 2022.
| IPO Open Date | Wed, Mar 30, 2022 |
| IPO Close Date | Tue, Apr 5, 2022 |
| Tentative Allotment | Fri, Apr 8, 2022 |
| Initiation of Refunds | Mon, Apr 11, 2022 |
| Credit of Shares to Demat | Tue, Apr 12, 2022 |
| Tentative Listing Date | Wed, Apr 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 5, 2022 |
Investors can bid for a minimum of 98 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | April 13, 2022 |
| BSE Script Code | 543517 |
| NSE Symbol | HARIOMPIPE |
| ISIN | INE00EV01017 |
| Final Issue Price | ₹153 per share |
| BSE Listing Group | T |
Hariom Pipe Industries Ltd.
Plot 3-4-174/12/2,
1st Floor, Samarpan Lane, Besides Spencer’s
Pillar No. 125, Attapur, Hyderabad – 500 048
Hyderabad, Telangana
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 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹130.05 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 98.
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, 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 Tuesday, April 12, 2022. Check the Hariom Pipe Industries IPO allotment status.
The Hariom Pipe Industries IPO listing date is on Wednesday, April 13, 2022.
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