IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size62,52,000 shares (aggregating up to ₹62.52 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 29 Sep 2022
Subscription CloseMon, 03 Oct 2022
Anchor AllotmentWed, 28 Sep 2022
Basis of AllotmentFri, 07 Oct 2022
Initiation of RefundsMon, 10 Oct 2022
Credit of Shares to DematTue, 11 Oct 2022
Listing DateWed, 12 Oct 2022
UPI Mandate Deadline2022-10-03
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
P/E Ratio (Pre-IPO)11.38x
Net Offer to Public59,37,600 shares (aggregating up to ₹59.38 Cr)
Reserved for Market Maker3,14,400 shares (aggregating up to ₹3.14 Cr)
Pre-IPO Promoter Holding1,69,79,460 shares
Post-IPO Promoter Holding2,32,31,460 shares
About Swastik Pipe Ltd.
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.
Objects of the Issue
Swastik Pipe Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
50.00
2
2 General Corporate Purposes
7.89
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,69,79,460 shares
Post-IPO Promoter Holding
2,32,31,460 shares