Bookbuilding IPO | ₹33 Cr | Listed at BSE SME | Thu, Jan 11, 2024 - Mon, Jan 15, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,32,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jan 11, 2024
IPO Close
Mon, Jan 15, 2024
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹125.51 Cr
| IPO Date | 11 to 15 Jan, 2024 |
| Listed on | Thu, Jan 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹62 to ₹66 |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,16,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 2,56,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 47,60,000 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 47,60,000 shares (agg. up to ₹31 Cr) |
| Share Holding Post Issue | 1,90,16,240 shares |
| BSE Script Code | 544082 |
| ISIN | INE0GEN01012 |
New Swan Multitech IPO comprises a total issue size of 50,16,000 shares. The net offer to the public is 47,60,000 shares, after excluding 2,56,000 shares allotted on a firm basis. Of the Net offer 23,80,000 (50.00%) are allocated to QIB, 7,14,000 (15.00%) allocated to NII 16,66,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,80,000 | 50.00% | 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 | 15.00% | 14.23% |
| Retail Shares Offered | 16,66,000 | 35.00% | 33.21% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,56,000 | 5.10% | |
| Total Shares Offered | 50,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
New Swan Multitech IPO raises ₹9.42 crore from anchor investors. New Swan Multitech IPO Anchor bid date is January 10, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 10, 2024 |
| Shares Offered | 14,28,000 |
| Anchor Portion (₹ Cr.) | 9.42 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Feb 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Apr 15, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 138.01 | 128.76 | 123.49 | 117.70 |
| Total Income | 77.88 | 151.42 | 145.52 | 149.61 |
| Profit After Tax | 4.98 | 9.92 | 3.63 | 3.43 |
| NET Worth | 34.79 | 29.82 | 19.90 | 16.27 |
| Reserves and Surplus | 20.79 | 26.32 | 16.40 | 12.77 |
| Total Borrowing | 47.99 | 39.16 | 48.01 | 45.81 |
| 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 of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana | 3.90 |
| 2 | Repayment of a portion of certain borrowing availed by the Company | 8.00 |
| 3 | To meet working capital requirements | 15.50 |
| 4 | General Corporate Purpose | 1.45 |
| KPI | |
|---|---|
| ROE | 33.27% |
| ROCE | 24.86% |
| Debt/Equity | 1.31 |
| RoNW | 33.27% |
| PAT Margin | 6.56% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.09 | 5.22 |
| P/E (x) | 9.32 | 12.65 |
| Promoter Holding | 100% | 73.62% |
| Market Cap | ₹125.51 Cr. |
The New Swan Multitech IPO is subscribed 384.26 times on January 15, 2024 7:02:00 PM (Day 3). The public issue subscribed 388.23 times in the retail category, 110.69 times in the QIB category, and 739.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 110.69 | 9,52,000 | 10,53,80,000 |
| NII* | 739.72 | 7,14,000 | 52,81,62,000 |
| Retail | 388.23 | 16,66,000 | 64,67,98,000 |
| Total | 384.26 | 33,32,000 | 1,28,03,40,000 |
Total Applications: 3,56,724
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.31 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.21 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.24 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Legal Advisors | 0.02 |
| 7 | Others (Underwriting fees, Commission, Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Offer and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 3.42 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹125.40 |
| Low | ₹125.40 |
| High | ₹131.67 |
| Last Trade | ₹131.67 |
Lead Manager Reports
New Swan Multitech IPO is a SME IPO of 50,16,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 11, 2024, and closes on Mon, Jan 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 Thu, Jan 11, 2024 and closes on Mon, Jan 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 Wed, Jan 17, 2024. Check the New Swan Multitech IPO allotment status.
The New Swan Multitech IPO listing date is on Thu, Jan 18, 2024.
