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Swastik Pipe Limited IPO (Swastik Pipe IPO) Detail

September 29, 2022 - October 3, 2022

Swastik Pipe IPO is a book built issue of Rs 62.52 crores. The issue is entirely a fresh issue of 62.52 lakh shares.

Swastik Pipe IPO bidding started from September 29, 2022 and ended on October 3, 2022. The allotment for Swastik Pipe IPO was finalized on Friday, October 7, 2022. The shares got listed on NSE SME on October 12, 2022.

Swastik Pipe IPO price band is set at ₹97 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Swastik Pipe IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Swastik Pipe IPO RHP for detailed information.

Swastik Pipe IPO Details

IPO Date September 29, 2022 to October 3, 2022
Listing Date October 12, 2022
Face Value ₹10 per share
Price Band ₹97 to ₹100 per share
Lot Size 1200 Shares
Total Issue Size6,252,000 shares
(aggregating up to ₹62.52 Cr)
Fresh Issue6,252,000 shares
(aggregating up to ₹62.52 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion314,400 shares

Swastik Pipe IPO Reservation

Swastik Pipe IPO offers 6,252,000 shares. 2,968,800 (47.49%) to NII, 2,968,800 (47.49%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered314,400 (5.03%)
NII (HNI) Shares Offered2,968,800 (47.49%)
Retail Shares Offered2,968,800 (47.49%)
Total Shares Offered6,252,000 (100%)

Swastik Pipe IPO Timeline (Tentative Schedule)

Swastik Pipe IPO opens on September 29, 2022, and closes on October 3, 2022.

IPO Open Date Thursday, September 29, 2022
IPO Close Date Monday, October 3, 2022
Basis of Allotment Friday, October 7, 2022
Initiation of Refunds Monday, October 10, 2022
Credit of Shares to Demat Tuesday, October 11, 2022
Listing Date Wednesday, October 12, 2022
Cut-off time for UPI mandate confirmation 5 PM on October 3, 2022

Swastik Pipe IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
HNI (Min) 2 2,400 ₹240,000
Lot Size Calculator

Swastik Pipe IPO Promoter Holding

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

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

About Swastik Pipe Limited

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
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Swastik Pipe IPO is Rs 232.32 Cr.

Pre IPO Post IPO
P/E (x) 11.38

Objects of the Issue (Swastik Pipe IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 1.35 times on October 3, 2022 7:00:00 PM. The public issue subscribed 1.33 times in the retail category, times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Swastik Pipe IPO Prospectus

Swastik Pipe IPO Rating

Rating:Rated 3.9 stars
Vote Here ...

Swastik Pipe IPO Listing Details

Listing Date October 12, 2022
BSE Script Code
Final Issue Price ₹100 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Swastik Pipe Limited Contact Details

Swastik Pipe Limited
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
Phone: +91-11-35453545

Swastik Pipe IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Swastik Pipe IPO - Buy or Not

Swastik Pipe IPO Recommendation Summary

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

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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 September 29, 2022, and closes on October 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 September 29, 2022 and closes on October 3, 2022.

Swastik Pipe IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Swastik Pipe IPO will be done on Friday, October 7, 2022, and the allotted shares will be credited to your demat account by Tuesday, October 11, 2022. Check the Swastik Pipe IPO allotment status.

The Swastik Pipe IPO listing date is on October 12, 2022.
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Swastik Pipe IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



81. lucky boy |   Link |  Bookmark |November 18, 2022 5:59:49 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)

archen 1/5

aaj atlest 2 ki unmid thi meri........
80. lucky boy |   Link |  Bookmark |November 16, 2022 6:49:35 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
itha heavy subscribe nahi hua hain,, eska matlaab koi naa koi bank aaj raaat 12 baje tak debit or unblock jarur karegi....
79. anantagg |   Link |  Bookmark |October 13, 2022 1:46:49 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Hi Guys
I know this card of the deck didnt played well for all of us. Somehow selling pressure was too much. I still feel the price of this script will cross the issue price before year end for sure. Sorry for a bad recommendation. Also i feel PAT will increase alot because of debt reduction and other activities. Alot of people have lost wealth in this script. I hope it recovers for everyone soon. Also people who are blaming me can see past recommendations. Pre opening prices are not in my hand.
Don't panic sell
79.2. Safe Bet |   Link |  Bookmark |October 14, 2022 4:19:14 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Hi anantagg : Nice of you to come forward & take responsibility for a call that didn't go right. As regards to listing estimates, they go wrong either way from the most experienced too.
The negative listing was not the shocking factor, it was the extent of the negative value which was really shocking.
I also ended up with 1/1 but will hold on for at least a quarter.
You cant win them ALL. 😊
79.3. Sawant |   Link |  Bookmark |October 15, 2022 3:54:21 PM
Good to hear from you after a long time Anant ji. Listing is unpredictable & no one has control over it. How much Swastik have you added at lower level ?
even you have accumulated good amount of Sabar. Any exit plan soon?
78. Always Right |   Link |  Bookmark |October 14, 2022 6:42:20 PM
Swastik Pipe discover price @66 now Upper circuit since last two days, a good company hard lending. Now khela Hobe?
77. Rajggggg |   Link |  Bookmark |October 14, 2022 6:19:25 AM
Due to solar theme it can run it is a good company
76. svh |   Link |  Bookmark |October 12, 2022 12:58:19 PM
IPO Guru IPO Guru (2400+ Posts, 3600+ Likes)
Think of those who have been allotted both reetech and swastik.

If we consider this issue size at 1/10 then subscription numbers can be 10x.
i.e 6.25 cr issue size and 13x subscription.

Book value of 2022 is 83.
Some of the peers are trading at much higher P/B.
It should touch at least once to its book value in short run.

From this issue it is known that this LM is also a brother of gretex , sun , aryaman , inventure and interactive. Only hem is reliable so far.

SEBI should intervene in big size SMEs which are equivalent to T group IPOs and should not leave alone between LM and exchange. Discount listing acceptable but not deep discount.
76.1. svh |   Link |  Bookmark |October 13, 2022 10:11:09 PM
IPO Guru IPO Guru (2400+ Posts, 3600+ Likes)
September and December quarter results can be a big trigger. Stock price can move either way. Hopefully good results are expected and 120-125 level can be seen in 6 months. Those who have bought for short to medium term can hold it. Later this issue can move to main board due to its larger capital base.
75. MRavichandran |   Link |  Bookmark |October 12, 2022 11:10:05 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Dear all,
Bought 25 lots of Swastik pipe. (have 2 lots from IPO). will keep it for long term and buy at UC more.

75.10. M.K. |   Link |  Bookmark |October 12, 2022 5:25:02 PM (300+ Posts, 200+ Likes)
@m Ravi

Don't post proofs of trade please. You don't need to prove yourself to anyone...

Anyways everyone know Virat is busy promoting WROGN jeans 😉
75.11. PKRAJ |   Link |  Bookmark |October 12, 2022 6:44:47 PM
No need for anybody to prove himself genuine.
It is not required for you to post any proof for your trade. Let members doubt on the integrity of any member's trade. How many times you will post proof. Every time the proof will required by other members.
This is non of the business to ask proof. If have any doubt, don't read the post of that member.
Have a nice time MRavi.
74. Jainvipul |   Link |  Bookmark |October 12, 2022 1:29:15 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
74.1. Om. |   Link |  Bookmark |October 12, 2022 1:59:46 PM
2 ya 3 din baad sell hoga jab tak vo st catagory me rahega
73. Jsr |   Link |  Bookmark |October 12, 2022 10:02:37 AM
Well overestimated @anant gg who told that it will list green if market is green
73.5. sahab |   Link |  Bookmark |October 12, 2022 12:08:32 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
huge selling initially
no one can expect
buying not coming upto the mark
73.6. Om. |   Link |  Bookmark |October 12, 2022 1:56:32 PM
@arca agree with you. But past of company is bad although they are doing good to achieve better future as you told.
Hope IPO allotte soon recover their loss here.
72. PKRAJ |   Link |  Bookmark |October 12, 2022 11:20:10 AM
The listing of Swastik Pipe is very poor. Not to blame any. Their views. We have to decide at our own also. Is it necessary to apply all?
Even if applied in all with the views/recommendations of others, only two or three listed in red. The ratio is very good for profit. When in deep green, we seldom praise someone. But it's very easy to blame. When you follow some one, follow in full and not in part as per our convenience. Result will never be bad. Otherwise I always say "Suno Sabki Karo Man Ki". Believe in luck also. All fingers not equal. Also see their level of investment and appetite of profit and loss.
When experienced members say, some logic is always there. Sometimes it doesn't work.
Always be happy.
72.1. MehulStk |   Link |  Bookmark |October 12, 2022 11:29:03 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@ PKRAJ Very well said :) Thank you for the post.
72.2. Amit Surana |   Link |  Bookmark |October 12, 2022 11:35:04 AM (400+ Posts)
i agree...
i believe no experts can be 100% perfect in its call... and no laymen can be 100% wrong in its call...
we have to take the risk ... so the call should be our own and no blame to anyone one...
71. M.K. |   Link |  Bookmark |October 12, 2022 11:11:10 AM (300+ Posts, 200+ Likes)
The Operator has played his game. Weak hands have sold. If some allottee hasn't sold and doesn't need the money, he can hold on ..... there will be more movements downwards after an up session or two to convince you to sell in panic ... If you were in PROFIT in any IPO ( baring Insolation, Concord etc ) , I would advise you to sell as profit on paper is just that ..... on paper.

Understand the operator game ;)
70. Trueinfo |   Link |  Bookmark |October 12, 2022 10:44:26 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Well friends, understandably, the loss hurts. Big loss hurts big. Still I would say, we should not blame anyone else for our acts of omission and commission. @Anantagg, as far as I know, posts what he believes in. He gives his honest opinion and it's up to you to follow or ignore. Risk factor is always there and no one can be right all the time.
70.1. Trueinfo |   Link |  Bookmark |October 12, 2022 11:04:40 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Being truely big HNI @Anantagg's presence in this forum is a great asset to all of us. His views are very valuable most often.
69. Advantage |   Link |  Bookmark |October 12, 2022 10:42:29 AM
Total issue of 62.52 lakh shares. Already traded for 21.25 lakh. Mind it is purely on delivery basis. It means allottees are selling in panic. This issue was not so bad. It should have listed in green but such a negative listing was not expected. Seeing the volume I think it's a good price for accumulation as all weak hands are offloading
69.1. Amit Surana |   Link |  Bookmark |October 12, 2022 10:59:19 AM (400+ Posts)
Well i am not experts but looking at the SME IPO trend wasnt expecting such discount listing...

i did not apply in this stock just coz metal stocks are not doing good at the moment.. and many other good metal stocks available at PE < 5 ...
already have invested in some other metal stocks and waiting to buy some more with the market fall in those which are in my list of favorites.
68. antarix |   Link |  Bookmark |October 12, 2022 10:52:37 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
If anybody is investing in the stock market on some other's recommendation only and not doing his own research, it is better not to put his money here. Why blame some other person and not yourself?

I also had seen anantagg's recommendation but was doubtful of this IPO and did not apply.
67. kml |   Link |  Bookmark |October 12, 2022 9:50:17 AM (300+ Posts)
Anyone buy in preopen?
67.2. Gaurav DD dimer |   Link |  Bookmark |October 12, 2022 10:04:18 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Yes 1 lot (Holding for a month atleast)
67.3. Arca |   Link |  Bookmark |October 12, 2022 10:09:59 AM (1000+ Posts, 500+ Likes)
Bought 1 lot
66. Justalearner |   Link |  Bookmark |October 12, 2022 10:04:39 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Poor listing.... Much worse than expected.... But is in UC now.
65. sahab |   Link |  Bookmark |October 12, 2022 9:26:37 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
sale diwali sale 31 rs
swastik pipe
100 maal 31 me
diwali sale
65.1. Gaurav DD dimer |   Link |  Bookmark |October 12, 2022 9:36:18 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Rs 50
65.2. Gaurav DD dimer |   Link |  Bookmark |October 12, 2022 9:47:57 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
settled at 66
64. MRPATEL |   Link |  Bookmark |October 12, 2022 9:46:57 AM
Discount pe lelo
63. Jsr |   Link |  Bookmark |October 12, 2022 9:43:36 AM
Ye kya ho raha h
62. Trueinfo |   Link |  Bookmark |October 12, 2022 9:37:56 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
57 now