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Swastik Pipe Limited IPO (Swastik Pipe IPO) Detail

Sep 29, 2022 - Oct 3, 2022

Incorporated in 1973, Swastik Pipe Limited is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

The company has two plants located at Bahadurgarh, Distt. Jharjjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity, both units aggregating 2,01,250 MT.

Swastik Pipe has diversified its Manufacturing activities towards the production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding and Formwork.

Swastik Pipe Ltd is one of the oldest manufacturers and suppliers of steel pipes and tubes to various heavy engineering industries in India and abroad. The company's customers are HPSCSC, SHIMLA, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and SUPER STAR STEELS (P) LTD., among others.

Company Financials

Swastik Pipe Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1935607.6572756.38467.979370.138450.03
31-Mar-2033650.7665807.21-1389.257980.917060.78
31-Mar-2133625.8852383.88148.648129.517209.42
31-Mar-2234127.2161219.772041.1114169.4212471.47
Amount in ₹ Lakhs

Objects of the Issue

The objects of the Issue are:-

1. To meet out the Working Capital requirements of the Company.

2. To meet out the General Corporate Purposes.

3. To meet out the Issue Expenses.

Swastik Pipe IPO Details

Swastik Pipe IPO Date Sep 29, 2022 to Oct 3, 2022
Swastik Pipe IPO Face Value ₹10 per share
Swastik Pipe IPO Price ₹97 to ₹100 per share
Swastik Pipe IPO Lot Size 1200 Shares
Issue Size6,252,000 shares of ₹10
(aggregating up to ₹62.52 Cr)
Fresh Issue6,252,000 shares of ₹10
(aggregating up to ₹62.52 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal are the company promoters.

Swastik Pipe IPO Timeline (Tentative Timetable)

Swastik Pipe IPO opens on Sep 29, 2022, and closes on Oct 3, 2022. The Swastik Pipe IPO bid date is from Sep 29, 2022 10.00 A.M. to Oct 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Swastik Pipe IPO Opening Date Sep 29, 2022
Swastik Pipe IPO Closing Date Oct 3, 2022
Basis of Allotment Oct 7, 2022
Initiation of Refunds Oct 10, 2022
Credit of Shares to Demat Oct 11, 2022
Swastik Pipe IPO Listing Date Oct 12, 2022

Swastik Pipe IPO Lot Size

The Swastik Pipe IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000

Swastik Pipe IPO Promoter Holding

Pre Issue Share Holding 88.27%
Post Issue Share Holding 64.51%

Swastik Pipe IPO Review

Though the company is eligible for mainboard IPO, it has opted for the SME route which is raising eyebrows. It marked a loss for FY20 and super profits for FY22 with the help of exceptional items. Based on FY22 performance excluding exceptional items, the issue is aggressively priced. It is operating in a highly competitive segment and hence sustainability of margins is a major concern. There is no harm in skipping this aggressively priced IPO. Read detail review...


Swastik Pipe IPO Subscription Status (Bidding Detail)

The Swastik Pipe IPO is subscribed 0.49 times on Sep 30, 2022 5:00:00 PM. The public issue subscribed 0.22 times in the retail category, times in the QIB category, and 0.76 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.76
Retail0.22
Total0.49

Swastik Pipe IPO Prospectus

Swastik Pipe IPO Rating

73
3.8
Rating:Rated 3.8 stars
Vote Here ...

Company Contact Information

Swastik Pipe Limited
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
Phone: +91-11-35453545
Email: cs@swastikpipes.com
Website: https://swastikpipes.com/

Swastik Pipe IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/

Swastik Pipe IPO Review

Swastik Pipe IPO Recommendation Summary

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

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Swastik Pipe IPO FAQs

Swastik Pipe IPO is a SME IPO of 6,252,000 equity shares of the face value of ₹10 aggregating up to ₹62.52 Crores. The issue is priced at ₹97 to ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Sep 29, 2022, and closes on Oct 3, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in Swastik Pipe 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 'Swastik Pipe 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 Swastik Pipe IPO opens on Sep 29, 2022 and closes on Oct 3, 2022.

Swastik Pipe IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Swastik Pipe 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 Swastik Pipe IPO will be done on Oct 7, 2022, and the allotted shares will be credited to your demat account by Oct 11, 2022. Check the Swastik Pipe IPO allotment status.

The Swastik Pipe IPO listing date is not yet announced. The tentative date of Swastik Pipe IPO listing is Oct 12, 2022.
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