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Hi-Tech Pipes IPO is a fixed price issue of ₹13.65 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹13.65 crore.
Hi-Tech Pipes IPO bidding started from Feb 15, 2016 and ended on Feb 19, 2016. The shares got listed on NSE SME on Feb 25, 2016.
Hi-Tech Pipes IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Wealth First Portfolio Managers Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,30,000 shares (aggregating up to ₹13.65 Cr) |
| Reserved for Market Maker | 1,38,000 shares Wealth First Portfolio Managers Pvt.Ltd. (aggregating up to ₹0.6900 Cr) |
| Net Offered to Public | 25,92,000 shares (aggregating up to ₹12.96 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 75,71,100 shares |
| Share Holding Post Issue | 1,03,01,100 shares |
Hi Tech Pipes IPO offers total 27,30,000 shares. Out of which 12,96,000 (47.47%) allocated to NII, 12,96,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (5.05%) |
| NII (HNI) Shares Offered | 12,96,000 (47.47%) |
| Retail Shares Offered | 12,96,000 (47.47%) |
| Total Shares Offered | 27,30,000 (100.00%) |
Hi-Tech Pipes IPO opens on February 15, 2016, and closes on February 19, 2016.
| IPO Open Date | Mon, Feb 15, 2016 |
| IPO Close Date | Fri, Feb 19, 2016 |
| Tentative Listing Date | Thu, Feb 25, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 19, 2016 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
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 Company Hi-Tech Pipes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 12.00 |
| 2 | General Corporate Purposes | 1.20 |
| 3 | Issue Expenses | 0.45 |
[Dilip Davda] <p><strong><span style="text-decoration: underline;">Investors may consider investment in this justifiably priced IPO in a lucrative segment . </span></strong></p> Read detail review...
| Listing Date | February 25, 2016 |
| BSE Script Code | |
| NSE Symbol | HITECH |
| ISIN | INE106T01017 |
| Final Issue Price | ₹50 per share |
| Price Details |
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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 Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Hi-Tech Pipes IPO is a SME IPO of 27,30,000 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.
The IPO opens on February 15, 2016, and closes on February 19, 2016.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Hi-Tech Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Hi-Tech Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hi-Tech Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hi-Tech Pipes IPO opens on February 15, 2016 and closes on February 19, 2016.
Hi-Tech Pipes IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Hi-Tech Pipes 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 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.
The Hi-Tech Pipes IPO listing date is on Thursday, February 25, 2016.
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