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Hariom Pipe Industries Limited IPO (Hariom Pipe Industries IPO) Detail

March 30, 2022 - April 5, 2022

Hariom Pipe Industries IPO is a book built issue of Rs 130.05 crores. The issue is entirely a fresh issue of 0.85 crore shares.

Hariom Pipe Industries IPO bidding started from March 30, 2022 and ended on April 5, 2022. The allotment for Hariom Pipe Industries IPO was finalized on Friday, April 8, 2022. The shares got listed on BSE, NSE on April 13, 2022.

Hariom Pipe Industries IPO price band is set at ₹144 to ₹153 per share. The minimum lot size for an application is 98 Shares. The minimum amount of investment required by retail investors is ₹14,994.

Iti Capital Ltd is the book running lead manager of the Hariom Pipe Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Hariom Pipe Industries IPO RHP for detailed information.

Hariom Pipe Industries IPO Details

IPO Date March 30, 2022 to April 5, 2022
Listing Date April 13, 2022
Face Value ₹10 per share
Price Band ₹144 to ₹153 per share
Lot Size 98 Shares
Total Issue Size8,500,000 shares
(aggregating up to ₹130.05 Cr)
Fresh Issue8,500,000 shares
(aggregating up to ₹130.05 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Hariom Pipe Industries IPO Reservation

Hariom Pipe Industries IPO offers 8,500,000 shares. 2,550,000 (30.00%) to QIB, 2,975,000 (35.00%) to NII, 2,975,000 (35.00%) to RII. 30,357 RIIs will receive minimum 98 shares and (sNII) and (bNII) will receive minimum 1,372 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,550,000 (30.00%)NA
NII (HNI) Shares Offered2,975,000 (35.00%)
Retail Shares Offered2,975,000 (35.00%)30,357
Total Shares Offered8,500,000 (100%)

Hariom Pipe Industries IPO Timeline (Tentative Schedule)

Hariom Pipe Industries IPO opens on March 30, 2022, and closes on April 5, 2022.

IPO Open Date Wednesday, March 30, 2022
IPO Close Date Tuesday, April 5, 2022
Basis of Allotment Friday, April 8, 2022
Initiation of Refunds Monday, April 11, 2022
Credit of Shares to Demat Tuesday, April 12, 2022
Listing Date Wednesday, April 13, 2022
Cut-off time for UPI mandate confirmation 5 PM on April 5, 2022

Hariom Pipe Industries IPO Lot Size

Investors can bid for a minimum of 98 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 98 ₹14,994
Retail (Max) 13 1274 ₹194,922
Lot Size Calculator

Hariom Pipe Industries IPO Promoter Holding

Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.

Share Holding Pre Issue 99.10%
Share Holding Post Issue 66%

About Hariom Pipe Industries Limited

Hariom Pipe Industries Limited manufactures iron and steel products including Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company sells and markets MS Pipes in the western and southern parts of India under the brand name "Hariom Pipes". As part of the B2B sales, the company sells MS Pipes and Scaffoldings to specific developers and contractors. Hariom Pipe Industries has more than 200 dealers and distributors for selling its products. The company is located in Hyderabad, Telangana.

The company operates two plants, one at Mahabubnagar District in Telangana (Unit I) that manufactures finished steel products from iron scrap and sponge iron and the second plant at Anantapur District, Andhra Pradesh (Unit II) that only manufactures Sponge Iron.

Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.

Competitive Strengths:

  1. Integrated nature of our operations.
  2. Environment-friendly manufacturing process.
  3. The strategic location of manufacturing Units.
  4. Cost advantage in manufacturing our products.
  5. Competitive pricing of our products.
  6. Experienced & Qualified Team.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,881.96 17,374.03 13,967.72 10,335.11
Total Revenue 20,116 25,482.31 16,115.05 13,391.56
Profit After Tax 1,286.90 1,513.20 790.83 802

Key Performance Indicator

The market capitalization of Hariom Pipe Industries IPO is Rs 389.79 Cr.

Pre IPO Post IPO
P/E (x) 15.15

Objects of the Issue (Hariom Pipe Industries IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding capital expenditure requirements.
  2. Funding the working capital requirements of our Company.
  3. General corporate purposes.

Hariom Pipe Industries IPO Review (Apply)

[Dilip Davda]  The company is a south centric player in its field. It has reported bumper profits for the last one and half fiscal that raises eyebrows but as per clarification, it's due to rising in commodity prices globally. Based on this performance, the issue is fully priced, but, it is worth considering for the medium to long term due to competitive value against peers. The listing will be in a “T” group for the initial period, which may rule out a speculative move. Investors may consider an investment with a short to long term perspective. Read detail review...


Hariom Pipe Industries IPO Subscription Status (Bidding Detail)

The Hariom Pipe Industries IPO is subscribed 7.93 times on April 5, 2022 5:00:00 PM. The public issue subscribed 12.15 times in the retail category, 1.91 times in the QIB category, and 8.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.91
NII8.87
Retail12.15
Total7.93

Hariom Pipe Industries IPO Prospectus

Hariom Pipe Industries IPO Rating

895
4.2
Rating:Rated 4.2 stars
Vote Here ...

Hariom Pipe Industries IPO Listing Details

Listing Date April 13, 2022
BSE Script Code 543517
NSE Symbol HARIOMPIPE
ISIN INE00EV01017
Final Issue Price ₹153 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹153.00
₹214.00
₹214.00
₹224.70
₹224.70
NSE
₹153.00
₹220.00
₹215.20
₹231.00
₹231.00

Check IPO Performance…

Hariom Pipe Industries Limited Contact Details

Hariom Pipe Industries Limited
Plot 3-4-174/12/2,
1st Floor, Samarpan Lane, Besides Spencer’s
Pillar No. 125, Attapur, Hyderabad – 500 048
Phone: +91 40 2401 6101
Email: cs@hariompipes.com
Website: http://www.hariompipes.com/

Hariom Pipe Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Hariom Pipe Industries IPO - Buy or Not

Hariom Pipe Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 6 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Hariom Pipe Industries IPO FAQs

Hariom Pipe Industries IPO is a main-board IPO of 8,500,000 equity shares of the face value of ₹10 aggregating up to ₹130.05 Crores. The issue is priced at ₹144 to ₹153 per share. The minimum order quantity is 98 Shares.

The IPO opens on March 30, 2022, and closes on April 5, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Hariom Pipe Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Hariom Pipe Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hariom Pipe Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Hariom Pipe Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Hariom Pipe Industries IPO opens on March 30, 2022 and closes on April 5, 2022.

Hariom Pipe Industries IPO lot size is 98 Shares, and the minimum amount required is ₹14,994.

You can apply in Hariom Pipe Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Hariom Pipe Industries IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Hariom Pipe Industries IPO allotment status.

The Hariom Pipe Industries IPO listing date is on April 13, 2022.
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Hariom Pipe Industries IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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626 Comments

251. 🎯 Big Bull 🎯 |   Link |  Bookmark |May 17, 2022 11:31:58 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Any one Holding Crompton ??
251.1. antarix |   Link |  Bookmark |May 21, 2022 5:03:08 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Yes.
250. WealthyRam |   Link |  Bookmark |May 17, 2022 10:08:36 AM
huge quantities are being traded may be QIB are picking up?
249. 🎯 Big Bull 🎯 |   Link |  Bookmark |May 14, 2022 7:22:21 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Experts Please share latest GMPs...


Thank u
248. 🎯 Big Bull 🎯 |   Link |  Bookmark |May 14, 2022 7:20:40 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Experts Please share latest GMPs...


Thank u
247. 🎯 Big Bull 🎯 |   Link |  Bookmark |May 9, 2022 8:20:54 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
IPO Subscription

*LIC INDIA*

Issue Closed

QIB : - 02.83 ×
HNI : - 02.91 ×
RETAIL : - 01.99 ×
Emp : - 04.40 ×
Policy Holder : - 06.11 ×
TOTAL : - 02.95 ×
APPLICATION : - 7337575
246. Vultureee |   Link |  Bookmark |May 6, 2022 10:07:27 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
HARIOM PIPES Q4 : NET PROFIT UP 44 % AT 9.7 CR(YOY), UP 5 % (QOQ)

REVENUE UP 33 % AT 124 CR (YOY), UP 18 % (QOQ)

EBITDA UP 37 % AT 17 CR (YOY),UP 28 % (QOQ)

MARGINS AT 13.8 % V 13.3 % (YOY), 12.67 % (QOQ)
245. Preetam Batra |   Link |  Bookmark |May 4, 2022 11:10:40 PM
Board meeting on 6th May to consider annual audited results. My expectations regarding
Revenue = 442 Cr
PAT = 28.25 Cr

244. Mk sharma |   Link |  Bookmark |April 21, 2022 7:23:07 PM
Expert pls suggest about target
243. StockTerminator |   Link |  Bookmark |April 21, 2022 6:43:47 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
We may see UC again, huge buying coming
243.1. CheckerCheck |   Link |  Bookmark |April 21, 2022 10:58:01 AM
Fingers crossed
242. Crow |   Link |  Bookmark |April 20, 2022 8:00:25 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
When will this come out of T2T?
242.1. Ravu |   Link |  Bookmark |April 20, 2022 9:50:23 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Normally after 10 trading days
241. Aagri porya |   Link |  Bookmark |April 20, 2022 4:10:28 AM
I am buy hariom shares on Wednesday as per T2 settelment on monday or Tuesday shares have been credited to demat but its still shown T1 ...how it is ? Nd now start LC....give any suggestions if any.
241.1. Param Patel |   Link |  Bookmark |April 20, 2022 9:35:10 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Now you can't do anything wait till LC lifted please avoid trading in t2t IPOs if you are not very much aware about
241.2. lokes |   Link |  Bookmark |April 20, 2022 12:14:54 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@aagri: all t2t shares you can sell on third working day only after buying....so take care in future....shares get credited on T+2 day which is tuesday here since thursday friday was holiday....so shares can be sold on wednesday only
240. Param Patel |   Link |  Bookmark |April 19, 2022 9:38:16 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Hariom listed at 50% premium and on other hand veranda listed in discount (on nse) still hariom giving far better returns than veranda
240.3. DHARMENDRA SHARMA |   Link |  Bookmark |April 19, 2022 1:46:11 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@param patel,
Please suggest level of buying Hariom pipe.your calculation for today's for hariom is very Good.
Thanks
240.4. Param Patel |   Link |  Bookmark |April 20, 2022 9:37:09 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@dharmendra Sharma sir please wait till it come out from t2t as of now looking very very risky
239. ashishmaurya |   Link |  Bookmark |April 19, 2022 11:37:12 AM
Holding 1 lot, any suggestions for selling or holding for more few days
239.1. Param Patel |   Link |  Bookmark |April 19, 2022 12:29:50 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
By looking selling orders looks like you need to wait for 3-4 days till then stock will be locked in LC it will dip 180-190 in next few days hope I prove wrong but as of now it's going to happen best of luck
238. Ram kumar I |   Link |  Bookmark |April 16, 2022 10:40:34 AM
General query related to income tax.
My minor son has income of around 1Lakhs from shares for last year. No other income in his name. Do i have to club this income with my income and pay income tax or i have to file separate income tax for him.
Can anyone clarify this please.
238.3. Ravu |   Link |  Bookmark |April 18, 2022 5:17:54 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Which means the minor account can be useful only for improving the allotment chance.
Is any other reason to have minor demat ac
238.4. VSPATEL |   Link |  Bookmark |April 18, 2022 8:10:22 AM
no there is no other reason.
237. Kiaan |   Link |  Bookmark |April 17, 2022 10:14:01 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
No ASBA facility in Bandhan Bank.
236. Team Chittorgarh.com |   Link |  Bookmark |April 15, 2022 9:40:05 PM
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Dear Members,

We have added a few new features to the message board:

1. Ranked members can now add an image to the post. Please DO NOT POST irrelevant images, greetings, emojis, ads, etc.

2. Members can see the message posted by them by clicking the message icon on the Post New Message page.

3. Members can also disable a message within 2 hours of posting.

We will keep enhancing these features in the coming days. Pls keep sharing your kind feedback.

Thank you,
Admin @ Chittorgarh.com

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account

236.15. ultrasnow |   Link |  Bookmark |April 19, 2022 3:14:17 PM
Members can support their views/calls with screenshots of proof of trades.
Edit within limited time, and reason for edit; edited posts should show edited date and time
236.16. jajo |   Link |  Bookmark |April 20, 2022 12:15:03 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Team Chittorgarh, Great improvements Sir. Happy to see that you are always open to make changes as per good suggestions. Please keep it up. Thanks
235. HNIIPO |   Link |  Bookmark |April 15, 2022 7:32:21 PM
What is the expected maximum target price toll next week it can reach
235.4. Avenue |   Link |  Bookmark |April 19, 2022 2:44:50 PM
@Param Patel... Bang On 👍
235.5. lokes |   Link |  Bookmark |April 20, 2022 12:12:46 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@param: whoever bought it on listing on wednesday can't sell on tuesday.
Thursday friday was holiday, so shares would be credit in demat by tuesday afternoon/evening (on T+2) so it can be sold on wednesday only. Atleast in discount broker zerodha and others, its like that only, t2t shares they allow to sell after credit only.
234. God is Great |   Link |  Bookmark |April 14, 2022 11:38:43 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
हरि ओम तो पुष्पा की तरह हो गया।अब जुकेगा नही।
233. eVA |   Link |  Bookmark |April 13, 2022 9:49:45 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
bolo HariOm !!!
great listing, congratulations all. already suggested applying and pray for allotment.
233.1. God is Great |   Link |  Bookmark |April 14, 2022 11:30:36 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Hari hari om
232. hmodi |   Link |  Bookmark |April 14, 2022 7:15:59 PM
Hi , if anybody using upstock please reply
it is possible to apply in hni catagary through upstock?
232.1. Arca |   Link |  Bookmark |April 14, 2022 10:33:05 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Hni only through asba