HariOm Pipe IPO date is scheduled for 30 March 2022. The IPO price band is set at INR144 – 153 per share. The issue comprises of fresh shares of 85,00,000 shares. Accordingly, there is no OFS by existing shareholders.
Promoters of HariOm Pipe Industries – Rupesh Kumar Gupta and Sailesh Gupta
HariOm Pipe Business Description
HariOm Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company caters to the southern and western Indian markets for its products. Its MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by the company is used for captive consumption in the manufacturing MS Pipes and Scaffolding.
The company manufactures MS Pipes and Scaffoldings of more than 150 different specifications and caters, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering. The company sells MS Pipes through more than 200 distributors and dealers. It also sells MS Pipes and Scaffoldings to certain developers and contractors directly as B2B sales.
Its integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron and our other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process.
HariOm Pipe IPO Date, Size & Price Band
| HariOm Pipe IPO Date | 30 March – 5 April 2022 |
| IPO Price Band | INR144 – 153 per share |
| Fresh issue | 85,00,000 shares (INR122.4 – 130.05 crore) |
| Offer For Sale | Nil |
| Total IPO size | 85,00,000 shares (INR122.4 – 130.05 crore) |
| Minimum bid (lot size) | 98 shares (INR14,112 – 14,994) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
HariOm Pipe Financial Performance
| FY2019 | FY2020 | FY2021 | H1 FY2022 | |
| Revenue | 133.9 | 161.1 | 254.8 | 211.2 |
| Expenses | 122.3 | 149.8 | 233.6 | 183.5 |
| Net income | 8.0 | 7.9 | 15.1 | 12.9 |
| Net margin (%) | 6.0 | 4.9 | 5.9 | 6.1 |
HariOm Pipe Offer News
HariOm Pipe IPO Timetable
| IPO Opening Date | 30 March 2022 |
| IPO Closing Date | 5 April 2022 |
| Finalisation of Basis of Allotment | 8 April 2022 |
| Initiation of refunds | 11 April 2022 |
| Transfer of shares to demat accounts | 12 April 2022 |
| Listing Date | 13 April 2022 |
| Opening Price on NSE | INR220 per share (up 43.79% from IPO price) |
| Closing Price on NSE | INR231 per share (up 50.98% from IPO price) |
HariOm Pipe Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 7.34 | 5.93 | 9.80 |
| PE ratio | NA | NA | 14.69 – 15.61 |
| RONW (%) | 22.22 | 16.37 | 21.38 |
| ROCE (%) | 22.44 | 24.77 | 27.41 |
| EBITDA (%) | 12.95 | 14.81 | 13.72 |
| Debt/Equity | 1.55 | 1.41 | 1.13 |
| NAV | (242.50) | 36.50 | 49.79 |
HariOm Pipe IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
| QIB | 25,50,000 | 0.00 | 0.44 | 0.44 | 0.83 | 1.91 |
| NII | 29,75,000 | 0.03 | 0.32 | 0.33 | 1.93 | 8.87 |
| Retail | 29,75,000 | 1.88 | 3.55 | 4.66 | 7.18 | 12.15 |
| Total | 85,00,000 | 0.67 | 1.48 | 1.88 | 3.43 | 7.93 |
HariOm Pipe IPO Allotment
HariOm Pipe IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
HariOm Pipe Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com
HariOm Pipe Contact Details
HariOm Pipe Industries Limited
Plot 3-4-174/12/2, 2nd Floor,
Samarpan Lane, Besides Spencer’s,
Pillar No. 125,
Attapur, Hyderabad – 500 048
Tel: +91 40 2401 6101
E-mail: [email protected]
Website: www.hariompipes.com
HariOm Pipe IPO FAQs
When HariOm Pipe IPO will open?
The IPO is to open on 30 March 2022 for QIB, NII, and Retail Investors.
What is HariOm Pipe IPO Investors Portion?
The investors’ portion for QIB is 30%, NII 35%, and Retail 35%.
How to Apply in HariOm Pipe IPO?
You can apply HariOm Pipe IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is HariOm Pipe IPO Allotment Date?
HariOm Pipe IPO allotment date is 8 April 2022.
What is HariOm Pipe IPO Listing Date?
HariOm Pipe IPO listing date is 13 April 2022.
