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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:
| IPO Date | Mar 30, 2022 to Apr 5, 2022 |
| Listing Date | Apr 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹144 to ₹153 per share |
| Lot Size | 98 Shares |
| Total Issue Size | 8,500,000 shares (aggregating up to ₹130.05 Cr) |
| Fresh Issue | 8,500,000 shares (aggregating up to ₹130.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 2,550,000 (30.00%) |
| NII (HNI) Shares Offered | 2,975,000 (35.00%) |
| Retail Shares Offered | 2,975,000 (35.00%) |
| Total Shares Offered | 8,500,000 |
Hariom Pipe Industries IPO opens on Mar 30, 2022, and closes on Apr 5, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 30, 2022 |
| 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 |
| Listing Date | Apr 13, 2022 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Hariom Pipe Industries IPO lot size is 98 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1274 | ₹194,922 |
| Lot Size Calculator | |||
Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.
| Pre Issue Share Holding | 99.10% |
| Post Issue Share Holding | 66% |
| 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 | |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.91 |
| NII | 8.87 |
| Retail | 12.15 |
| Total | 7.93 |
| Listing Date | Apr 13, 2022 |
| BSE Script Code | 543517 |
| NSE Symbol | HARIOMPIPE |
| ISIN | INE00EV01017 |
| Final Issue Price | ₹153 per share |
| 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 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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
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, Nuvama, 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.
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