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Incorporated in 1985, Hi Tech Piles Ltd (HTP) is an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.
It is serving various industries with its products, ERW pipes & tubes for Oil & Gas and water sector. Black steel pipes, galvanized steel pipes and tubes for construction industry, precision tubes for automobile industry and hollow section for infrastructure and many more to boast of. Today, HTP’s multi-locational integrated plants have cold rolling mills to manufacture CRCA coils and strips, Continuous Galvanizing Line to manufacture Corrugated Sheets and Purling, pre-galvanized sheets required for manufacturing GP pipes, latest technology high speed tube mills to manufacture steel tubes, pipes, hollow sections of various sizes and types to cater the requirements of diverse industries and sectors.
The promoters of the company are:
1. Mr. Ajay Kumar Bansal and
2. Mr. Anish Bansal
The objects of the Issue are:-
1. To meet the working capital requirements of the Company;
2. General Corporate Purposes;
3. Issue Expenses.
| IPO Opening Date | Feb 15, 2016 |
| IPO Closing Date | Feb 19, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,730,000 Eq Shares of ₹10 (aggregating up to ₹13.65 Cr) |
The Hi Tech Pipes IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
| Listing Date | Thursday, February 25, 2016 |
| BSE Script Code | |
| NSE Symbol | HITECH |
| Listing In | |
| ISIN | INE106T01017 |
| IPO Price | ₹50 per equity share |
| Face Value | ₹10 per equity share |
Hi-Tech Pipes Ltd
505, Pearl Omaxe Tower,
Netaji Subhash Place,
Pitampura, New Delhi-110034
Phone: +91 11 48440050
Email: info@hitechpipes.in
Website: http://www.hitechpipes.in
Sharepro Services Private Limited
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website: http://
Hi Tech Pipes IPO is a SME IPO of 2,730,000 equity shares of the face value of ₹10 aggregating up to ₹13.65 Crores. The issue is priced at ₹50 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Feb 15, 2016, and closes on Feb 19, 2016.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Hi Tech Pipes IPO opens on Feb 15, 2016 and closes on Feb 19, 2016.
Hi Tech Pipes IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Hi Tech Pipes 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 Hi Tech Pipes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hi Tech Pipes IPO allotment status.
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