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New Swan Multitech IPO is a book build issue of ₹33.11 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹33.11 crore.
New Swan Multitech IPO bidding started from Jan 11, 2024 and ended on Jan 15, 2024. The allotment for New Swan Multitech IPO was finalized on Jan 16, 2024. The shares got listed on BSE SME on Jan 18, 2024.
New Swan Multitech IPO price band is set at ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,24,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to New Swan Multitech IPO RHP for detailed Information.
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | January 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹62 to ₹66 per share |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,16,000 shares (aggregating up to ₹33.11 Cr) |
| Reserved for Market Maker | 2,56,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.69 Cr) |
| Net Offered to Public | 47,60,000 shares (aggregating up to ₹31.42 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Post Issue | 1,90,16,240 shares |
New Swan Multitech IPO offers total 50,16,000 shares. Out of which 23,80,000 (47.45%) allocated to QIB, 9,52,000 (18.98%) allocated to QIB, 7,14,000 (14.23%) allocated to NII, 16,66,000 (33.21%) allocated to RII and 14,28,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,56,000 (5.10%) |
| QIB Shares Offered | 23,80,000 (47.45%) |
| − Anchor Investor Shares Offered | 14,28,000 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 9,52,000 (18.98%) |
| NII (HNI) Shares Offered | 7,14,000 (14.23%) |
| Retail Shares Offered | 16,66,000 (33.21%) |
| Total Shares Offered | 50,16,000 (100.00%) |
New Swan Multitech IPO raises ₹9.42 crore from anchor investors. New Swan Multitech IPO Anchor bid date is January 10, 2024. New Swan Multitech IPO Anchor Investors list
| Bid Date | January 10, 2024 |
| Shares Offered | 14,28,000 |
| Anchor Portion Size (In Cr.) | 9.42 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 15, 2024 |
New Swan Multitech IPO opens on January 11, 2024, and closes on January 15, 2024.
| IPO Open Date | Thu, Jan 11, 2024 |
| IPO Close Date | Mon, Jan 15, 2024 |
| Tentative Allotment | Tue, Jan 16, 2024 |
| Initiation of Refunds | Wed, Jan 17, 2024 |
| Credit of Shares to Demat | Wed, Jan 17, 2024 |
| Tentative Listing Date | Thu, Jan 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 15, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The company's product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles.
They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.
For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company's product portfolio comprises 300 SKUs of agricultural equipment and auto parts.
In the automotive industry, the company's customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.
In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.
New Swan Multitech Limited's revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,801.10 | 12,876.43 | 12,348.80 | 11,769.68 |
| Total Income | 7,788.21 | 15,142.17 | 14,552.40 | 14,960.55 |
| Profit After Tax | 497.53 | 991.93 | 363.14 | 342.63 |
| Net Worth | 3,479.28 | 2,981.75 | 1,989.82 | 1,626.68 |
| Reserves and Surplus | 2,079.26 | 2,631.74 | 1,639.81 | 1,276.67 |
| Total Borrowing | 4,799.12 | 3,915.70 | 4,800.59 | 4,580.55 |
| Amount in ₹ Lakhs | ||||
The market capitalization of New Swan Multitech IPO is ₹125.51 Cr.
| KPI | Values |
|---|---|
| ROE | 33.27% |
| ROCE | 24.86% |
| Debt/Equity | 1.31 |
| RoNW | 33.27% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.09 | 5.22 |
| P/E (x) | 9.32 | 12.65 |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
[Dilip Davda] The company is engaged in diverse business in automotive and agricultural sectors. It has creamy customers and has posted boosted margins from FY23 onwards. The sustainability of such margins going forward remains concern. The issue appears reasonably priced based on its annualized super earnings for FY24. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | January 18, 2024 |
| BSE Script Code | 544082 |
| NSE Symbol | |
| ISIN | INE0GEN01012 |
| Final Issue Price | ₹66 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹125.40 |
| Low | ₹125.40 |
| High | ₹131.67 |
| Last Trade | ₹131.67 |
New Swan Multitech Ltd.
310, Vardhman Crown Mall, Plot No. 2, Sector-19,
District Court Complex, Dwarka
New Delhi, South West Delhi - 110 075
New Delhi, New Delhi
Phone: +91-161-4346000
Email: cs@swanagro.in
Website: https://www.swanagro.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
New Swan Multitech IPO is a SME IPO of 50,16,000 equity shares of the face value of ₹10 aggregating up to ₹33.11 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on January 11, 2024, and closes on January 15, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in New Swan Multitech IPO using UPI as a payment gateway. Zerodha customers can apply in New Swan Multitech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in New Swan Multitech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The New Swan Multitech IPO opens on January 11, 2024 and closes on January 15, 2024.
New Swan Multitech IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in New Swan Multitech 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 New Swan Multitech IPO will be done on Tuesday, January 16, 2024, and the allotted shares will be credited to your demat account by Wednesday, January 17, 2024. Check the New Swan Multitech IPO allotment status.
The New Swan Multitech IPO listing date is on Thursday, January 18, 2024.
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