Hariom Pipe Industries Limited IPO Message Board (Page 12)

Buyback Type:      Tender Offer
Buyback Record Date:      Apr 22 2022
Buyback Offer Amount:      Rs 1082 Crores
Date of Board Meeting approving the proposal:      Mar 31 2022
Date of Public Announcement:      Mar 31 2022
Buyback Offer Size:      1.28%
Buyback Number of Shares:      5,69,85,463
Price Type:      Tender offer
FV:      10
Buyback Price:      Rs 190 Per Equity Share

Tcs buyback yaad karo.

@Selena Booked +5% per account

The company primarily makes steel products. I dont think Indian steel industry needs an introduction. The industry has one unit for sponge iron and another for pipes that include feedstock production as well.
Valuation: The offer is coming with P/E ratio of 14.4 and P/B ratio of 1.82. In general it looks very attractive. But comparing with the giant peers like TATA steels (4.25 & 1.75) and JSW (8.02 & 2.85), the valuation looks high. The company has yielded good return with RoNW (avg) of 19.85, RoE of 15.5 and RoCE of 19.8.
Business potential: Ofcourse, it has a lot of opportunity. Their facility utilization is more that 70 % as an average. From this offering, atleast 50+ cr will be used for capex. Two new plants will be set up to increase the production capacity by 37 % and also they are investing to upscale feedstock production. The company has average trade receivable period less than 30 days. Addition of 40+ cr for capitals will help the circulation easier. Overall, the company has clear plan and future potential.
Financials: The net worth of the company is 83 cr, while its borrowings stands at 88 cr. Moreover, borrowings increased gradually (51 - 62 - 76 - 85). Nearly 33 % of the earnings goes to interest. The IPO money may not be used for reducing debts. This disturbs little bit.
Post listing promotor (including group) holding will be 67 %.
My opinion: The valuation is reasonable, but not the best in the industry. Has good business potential and plans. The debt part is not good. Overall, this good not the best. I will apply in retail category, certainly not in full force, as i have its giant peers already in my portfolio.
Disclaimer: This is my personal opinion. Please consult SEBI registered advisors.

@ Nilaykumar, Sir, most of the steel companies, including TATA, JSW, SAIL, Jindal are trading around 5 PE. Please check it.

@MRavichandran, Thank you sir. I just see this as an opportunity to share my view on each public issue. These are certainly not recommendations. I do not really worried about the grades.

@ kl patel, Sir, Thank you for pointing it. In fact i have noted them in the RHP. But my view is, "should i go with full force when i have TATA and JSW in my portfolio?" Anyways, i request the readers to do own research based on our portfolio mix.

@ Vivekk, Sir, my post is purely for educational purpose only. If it is used/reused in constructive way, i will be happy. No one should take this as a recommendation.

@Arasan, Thank you for the analysis and comments about this IPO. Valuations and comparison with peers was also helpful to take a final decision to go for or skip it.
Hope you will continue to offer similar comments for upcoming issues.

Why there is no QIB subscription on HARI OM PIPES

I AM NEW TO IPO IS IT GOING TO BE LESS SUBSCRIBERS

QIB & NII will come on last day.

Are new HNI rules (effective from April 1) applicable for this IPO (closing on April 5)? I want to try as small HNI here, but definitely do not want to take the risk if there is probability of getting 2L/10L worth shares.

If rule is going to apply then risk is there

Please don't discuss your buy back here
Please admins block them off
It's hari om ipo sector and we won't allow other talks kindly shut up fools

Over the last few years, the company has delivered strong sales growth while maintaining a stable margin profile. HPIL is fairly valued when compared to its listed peers.

@admin one suggestion please open one permanent page for buyback/ofs

Gail Buyback Announced @190
Record Date : 22 April 2022.

7.5% is not good return for 2 months but its safe

@Hostpacker ji, thank you so much for your views on this.

Brothers I have seen many ipo with good listing that being rated by David dowda sir as "APPLY",
DO YOU THINK EXPERTS THIS IPO
WILL GET GOOD SUBSCRIBERS PLEASE GIVE YOUR VIEW

Dilip Dawda, Sir

@vibor bhai kya isme listing gain milne ka chance h kya

Which is better ?
Uma exports or Hariom pipe

Uma export has been closed on 30th Sir

UPI mandate created
Approved also
Any views on Hariom pipe

@Admin ji, plz open GAIL buyback page. Thanks.

Sir with due respect, please see if the following argument is correct.🙏

The increase in turnover must be due to just trading revenue. Actual production might be lesser than last year.
Power bill for FY19-20 was 36.55Cr for a turnover of 160 Cr and for FY 20-21 the power bill is lesser than FY19-20 at 33.81Cr for an increased turnover of 254Cr. Funny isn't it?
I will definitely not apply.

Maybe they switched a small portion to renewable

GOOD MORNING EVERYONE. @MR RAVI , NOORUL , LOKES , AVENUE , IPOANALYSIS. KINDLY GUIDE IF TO APPLY FOR HARIOM FOR LISTING GAINS THANKS

Respected members,
Please reply me on my basic question

Can we cancel application or mandate payment which we confirmed to block for ipo,

Can we cancel application and get funds unblocked..

I had done through BHIM UPI BY ANGEL BROKING

CAN I CANCEL APPLICATION AND GET FUNDS UNBLOCKED?

PLEASE REPLY

Yes, you can.

Yes cancel or withdraw your application from angel broking.
You need to delete application from where you applied.
After you cancel application from angel broking Upi mandate will revoke & Fund will unblock.

@lokes ,mravi ,noorul,Avenue ,k atar ,Arun and other experts.
Has 2 lakhs applications in nii started??
i could see in one site showing 2lakh application rates for veranda ,Ruchi Soya.

Brother Arca,
Thanks but I am just a commoner, due to my nature (when in doubt - stay on sidelines), I am not applying any mainboard ipo (applying only SMEs) untill this new rule's implementation is confirmed. (I am not even searching about it)
The last discussion that took on the thread created by Arun Sir, where we deduced that new rule will be implemented by Sebi this financial year April 1.
My Regards 🌹

Thanks k atar ji ,even i read that thread but then i saw in a website posting kostak as well as 2 lakhs application rate separately that is why i posted this question.
I hope others will have any idea about this.

Dear Aniket, avenue,ipo bull,septa,jai mataji,hostpacker,manjitsing,eagleeyemam,owleyes,lekker,lokes,chalak lomdiji and chittorgarh family members..Should we go for apply or skip this ?

Thanks dear manjitsinh.. Why will you avoid?

Financials are looking good on first look though with a comparatively high PE. I may invest on the last day if there are chances of getting it.

We need to find out the actual tonnage sold vis-a-vis the last year's tonnage. The increase in turnover and profitability should be because of price arbitrage and not due to increased sales and distribution. This can be disturbing and scary.
What is the growth tonnage wise?
How many distributors added since last year or say in the last 3 years?
What is the component of profit due to increase in the market prices for commodities?
There are a lot of information black hole in this IPO.

Could anybody please tell me about GMP of this IPO. No one is talking here about GMP.

Bhaiyo day 1 ka status dekh k lagta h kya oversubscribe ho payga

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