Swastik Pipe IPO 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.
Swastik Pipe IPO – Overview
| IPO Dates | 29th sept- 3th Oct 2022. |
| IPO Price | INR 100 per share |
| Fresh issue | 6,252,000 shares (INR 62.52 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,252,000 shares (INR 62.52 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Swastik Pipe IPO -Tentative Dates
| IPO Offer Opening Date | 29 September 2022 |
| IPO Closing Date | 3 October 2022 |
| Finalisation of Basis of Allotment | 7 October 2022 |
| Initiation of refunds | 10 October 2022 |
| Transfer of shares to demat accounts | 11 October 2022 |
| IPO Listing Date | 12 October 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
Competitive Strengths
- Meeting expectation of clients
- Social media and digital advertising.
Objects of the Issue
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 34127.21 | 33625.88 | 33650.76 |
| Total Revenue | 61219.77 | 52383.88 | 65807.21 |
| Profit After Tax | 2041.11 | 61219.77 | -1389.25 |
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/
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/
Lead Manager(s)
- Corporate CapitalVentures Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
