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

Mar 30, 2022 - Apr 5, 2022

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

Objects of the Issue:

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 Details

Hariom Pipe Industries IPO Date Mar 30, 2022 to Apr 5, 2022
Hariom Pipe Industries IPO Face Value ₹10 per share
Hariom Pipe Industries IPO Price ₹144 to ₹153 per share
Hariom Pipe Industries IPO Lot Size 98 Shares
Issue Size8,500,000 shares of ₹10
(aggregating up to ₹130.05 Cr)
Fresh Issue8,500,000 shares of ₹10
(aggregating up to ₹130.05 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 30%
Retail Shares OfferedNot less than 35%
NII (HNI) Shares OfferedNot less than 35%
Company Promoters

Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.

Hariom Pipe Industries IPO Timeline (Tentative Timetable)

Hariom Pipe Industries IPO opens on Mar 30, 2022, and closes on Apr 5, 2022. The Hariom Pipe Industries IPO bid date is from Mar 30, 2022 10.00 A.M. to Apr 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Hariom Pipe Industries IPO Opening Date Mar 30, 2022
Hariom Pipe Industries IPO Closing Date Apr 5, 2022
Basis of Allotment Apr 8, 2022
Initiation of Refunds Apr 11, 2022
Credit of Shares to Demat Apr 12, 2022
Hariom Pipe Industries IPO Listing Date Apr 13, 2022

Hariom Pipe Industries IPO Lot Size

The Hariom Pipe Industries IPO lot size is 98 shares. A retail-individual investor can apply for up to 13 lots (1274 shares or ₹194,922).

Application Lots Shares Amount
Minimum 1 98 ₹14,994
Maximum 13 1274 ₹194,922

Hariom Pipe Industries IPO Promoter Holding

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

Hariom Pipe Industries IPO Review

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...

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Hariom Pipe Industries IPO Subscription Status (Bidding Detail)

The Hariom Pipe Industries IPO is subscribed 7.93 times on Apr 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 Date

Listing Date Wednesday, April 13, 2022
BSE Script Code 543517
NSE Symbol HARIOMPIPE
Listing In T Group of Securities
ISIN INE00EV01017
IPO Price ₹153 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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: http://www.bigshareonline.com

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 Mar 30, 2022, and closes on Apr 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 Mar 30, 2022 and closes on Apr 5, 2022.

Hariom Pipe Industries IPO lot size is 98 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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