Bookbuilding IPO | ₹63 Cr | Listed at NSE SME | Thu, Sep 29, 2022 - Mon, Oct 3, 2022
Swastik Pipe IPO is a book build issue of ₹62.52 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹62.52 crore.
Swastik Pipe IPO bidding started from Sep 29, 2022 and ended on Oct 3, 2022. The allotment for Swastik Pipe IPO was finalized on Oct 7, 2022. The shares got listed on NSE SME on Oct 12, 2022.
Swastik Pipe IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Swastik Pipe IPO RHP for detailed Information.
IPO Open
Thu, Sep 29, 2022
IPO Close
Mon, Oct 3, 2022
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹232.32 Cr
| IPO Date | 29 Sep to 3 Oct, 2022 |
| Listed on | Wed, Oct 12, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹97 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 62,52,000 shares (agg. up to ₹63 Cr) |
| Reserved for Market Maker | 3,14,400 shares SS Corporate Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 59,37,600 shares (agg. up to ₹59 Cr) |
| Net Offered to Public | 59,37,600 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 1,69,79,460 shares |
| Share Holding Post Issue | 2,32,31,460 shares |
| NSE Symbol | SWASTIK |
| ISIN | INE0DGC01025 |
Swastik Pipe IPO comprises a total issue size of 62,52,000 shares. The net offer to the public is 59,37,600 shares, after excluding 3,14,400 shares allotted on a firm basis. Of the Net offer 29,68,800 (50.00%) allocated to NII 29,68,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 29,68,800 | 50.00% | 47.49% |
| Retail Shares Offered | 29,68,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,14,400 | 5.03% | |
| Total Shares Offered | 62,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Incorporated in 1973, Swastik Pipe Limited is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.
The company has two plants located at Bahadurgarh, Distt. Jharjjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity, both units aggregating 2,01,250 MT.
Swastik Pipe has diversified its Manufacturing activities towards the production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding and Formwork.
Swastik Pipe Ltd is one of the oldest manufacturers and suppliers of steel pipes and tubes to various heavy engineering industries in India and abroad. The company's customers are HPSCSC, SHIMLA, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and SUPER STAR STEELS (P) LTD., among others.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 341.27 | 336.26 | 336.51 | 356.08 |
| Total Income | 612.20 | 523.84 | 658.07 | 727.56 |
| Profit After Tax | 20.41 | 1.49 | -13.89 | 4.68 |
| NET Worth | 141.69 | 81.30 | 79.81 | 93.70 |
| Reserves and Surplus | 124.71 | 72.09 | 70.61 | 84.50 |
| 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 Requirement | 50.00 |
| 2 | General Corporate Purposes | 7.89 |
| 3 | Issue Expenses | 4.63 |
| KPI | |
|---|---|
| ROE | 14 |
| ROCE | 12 |
| Debt/Equity | 0.80 |
| RoNW | 14.41 |
| PAT Margin | 3.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.19 | |
| P/E (x) | 11.38 | |
| Promoter Holding | 88.27% | 64.51% |
| Market Cap | ₹232.32 Cr. |
The Swastik Pipe IPO is subscribed 1.35 times on October 3, 2022 7:00:00 PM (Day 3). The public issue subscribed 1.33 times in the retail category, [.] times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.37 | 29,68,800 | 40,69,200 |
| Retail | 1.33 | 29,68,800 | 39,56,400 |
| Total | 1.35 | 59,37,600 | 80,25,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 4.43 |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.06 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others, if any (to be specified). Advisor to Issue, Peer Review Auditor & Statutory Auditor & other misc. expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹66.00 |
| Low | ₹66.00 |
| High | ₹69.30 |
| Last Trade | ₹69.30 |
Lead Manager Reports
Swastik Pipe IPO is a SME IPO of 62,52,000 equity shares of the face value of ₹10 aggregating up to ₹63 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 29, 2022, and closes on Mon, Oct 3, 2022.
Skyline Financial 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 Swastik Pipe IPO using UPI as a payment gateway. Zerodha customers can apply in Swastik Pipe IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swastik Pipe IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swastik Pipe IPO opens on Thu, Sep 29, 2022 and closes on Mon, Oct 3, 2022.
Swastik Pipe IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Swastik Pipe 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 Swastik Pipe IPO will be done on Friday, October 7, 2022, and the allotted shares will be credited to your demat account by Tue, Oct 11, 2022. Check the Swastik Pipe IPO allotment status.
The Swastik Pipe IPO listing date is on Wed, Oct 12, 2022.
