Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Mon, Feb 15, 2016 - Fri, Feb 19, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 15, 2016
IPO Close
Fri, Feb 19, 2016
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹51.51 Cr
| IPO Date | 15 to 19 Feb, 2016 |
| Listed on | Thu, Feb 25, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,30,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,38,000 shares Wealth First Portfolio Managers Pvt.Ltd. (agg. up to ₹0.6900 Cr) |
| Fresh Issue (Ex Market Maker) | 25,92,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 25,92,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 75,71,100 shares |
| Share Holding Post Issue | 1,03,01,100 shares |
| NSE Symbol | HITECH |
| ISIN | INE106T01017 |
Hi-Tech Pipes IPO comprises a total issue size of 27,30,000 shares. The net offer to the public is 25,92,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 12,96,000 (50.00%) allocated to NII 12,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,96,000 | 50.00% | 47.47% |
| Retail Shares Offered | 12,96,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 5.05% | |
| Total Shares Offered | 27,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
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| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 12.00 |
| 2 | General Corporate Purposes | 1.20 |
| 3 | Issue Expenses | 0.45 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.35 |
| 2 | Regulatory Fees & Other Expenses | 0.10 |
| Price Details |
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Lead Manager Reports
Hi-Tech Pipes IPO is a SME IPO of 27,30,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Feb 15, 2016, and closes on Fri, Feb 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 Mon, Feb 15, 2016 and closes on Fri, Feb 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 Thu, Feb 25, 2016.
