Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,16,400 (1200 shares). The minimum lot size investment for 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 Date | September 29, 2022 to October 3, 2022 |
| Listing Date | October 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹97 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,52,000 shares (aggregating up to ₹62.52 Cr) |
| Reserved for Market Maker | 3,14,400 shares SS Corporate Securities Ltd. (aggregating up to ₹3.14 Cr) |
| Net Offered to Public | 59,37,600 shares (aggregating up to ₹59.38 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,69,79,460 shares |
| Share Holding Post Issue | 2,32,31,460 shares |
Swastik Pipe IPO offers total 62,52,000 shares. Out of which 29,68,800 (47.49%) allocated to NII, 29,68,800 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,14,400 (5.03%) |
| NII (HNI) Shares Offered | 29,68,800 (47.49%) |
| Retail Shares Offered | 29,68,800 (47.49%) |
| Total Shares Offered | 62,52,000 (100.00%) |
Swastik Pipe IPO opens on September 29, 2022, and closes on October 3, 2022.
| IPO Open Date | Thu, Sep 29, 2022 |
| IPO Close Date | Mon, Oct 3, 2022 |
| Tentative Allotment | Fri, Oct 7, 2022 |
| Initiation of Refunds | Mon, Oct 10, 2022 |
| Credit of Shares to Demat | Tue, Oct 11, 2022 |
| Tentative Listing Date | Wed, Oct 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 3, 2022 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 35607.65 | 72756.38 | 467.97 | 9370.13 | 8450.03 |
| 31-Mar-20 | 33650.76 | 65807.21 | -1389.25 | 7980.91 | 7060.78 |
| 31-Mar-21 | 33625.88 | 52383.88 | 148.64 | 8129.51 | 7209.42 |
| 31-Mar-22 | 34127.21 | 61219.77 | 2041.11 | 14169.42 | 12471.47 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Swastik Pipe IPO is ₹232.32 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.38 |
The objects of the Issue are:-
1. To meet out the Working Capital requirements of the Company.
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
[Dilip Davda] Though the company is eligible for mainboard IPO, it has opted for the SME route which is raising eyebrows. It marked a loss for FY20 and super profits for FY22 with the help of exceptional items. Based on FY22 performance excluding exceptional items, the issue is aggressively priced. It is operating in a highly competitive segment and hence sustainability of margins is a major concern. There is no harm in skipping this aggressively priced IPO. Read detail review...
| Listing Date | October 12, 2022 |
| BSE Script Code | |
| NSE Symbol | SWASTIK |
| ISIN | INE0DGC01025 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹66.00 |
| Low | ₹66.00 |
| High | ₹69.30 |
| Last Trade | ₹69.30 |
Swastik Pipe Ltd.
2,
Arihant Nagar,
Punjabi Bagh (W),
Delhi, New Delhi, 110026
Phone: +91-11-35453545
Email: cs@swastikpipes.com
Website: https://swastikpipes.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Swastik Pipe IPO is a SME IPO of 62,52,000 equity shares of the face value of ₹10 aggregating up to ₹62.52 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on September 29, 2022, and closes on October 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 September 29, 2022 and closes on October 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 Tuesday, October 11, 2022. Check the Swastik Pipe IPO allotment status.
The Swastik Pipe IPO listing date is on Wednesday, October 12, 2022.
Useful Articles
RHP