Swastik Pipe IPO description – The company 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.
It uses raw material of premium quality i.e. prime steel from SAIL – Steel Authority of India Limited, Tata Steel Limited and high purity zinc is being sourced from Hindustan Zinc Limited. It 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.
It 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.
The Company is one of the oldest manufacturers and suppliers of steel pipes and tubes to various heavy engineering industries in India and abroad. Its customers are HPSCSC, SHIMLA, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and SUPER STAR STEELS (P) LTD. among others.
Promoters of Swastik Pipe – Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal
Swastik Pipe IPO Details
| Swastik Pipe IPO Dates | 29 September – 3 October 2022 |
| Swastik Pipe IPO Price | INR 97 – 100 per share |
| Fresh issue | 62,52,000 shares (INR 60.6 – 62.5 crore) |
| Offer For Sale | Nil |
| Total IPO size | 62,52,000 shares (INR 60.6 – 62.5 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 116,400 – 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Swastik Pipe Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 655.52 | 522.17 | 608.71 |
| Expenses | 678.87 | 521.56 | 606.17 |
| Net income | (13.89) | 1.49 | 20.41 |
Swastik Pipe Offer News
Swastik Pipe Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (12.58) | 1.35 | 14.19 |
| PE ratio | – | – | 6.84 – 7.05 |
| RONW (%) | (17.41) | 1.83 | 14.41 |
| NAV | 86.74 | 88.36 | 83.45 |
Swastik Pipe IPO GMP Daily Trend
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 12 Oct 2022 | – | – | – |
| 11 Oct 2022 | 5 | – | – |
| 10 Oct 2022 | 5 | – | – |
| 8 Oct 2022 | 8 | – | – |
| 7 Oct 2022 | 10 | 1,500 | 15,000 |
| 6 Oct 2022 | 10 | 1,500 | 15,000 |
| 4 Oct 2022 | 10 | 1,500 | 12,000 |
| 3 Oct 2022 | 10 | 1,500 | 10,000 |
| 1 Oct 2022 | 10 | 1,500 | 9,000 |
| 30 Sep 2022 | 5 | 1,500 | 7,000 |
| 29 Sep 2022 | – | 1,000 | 3,000 |
| 28 Sep 2022 | – | 1,000 | – |
| 27 Sep 2022 | 1,000 |
Swastik Pipe Offer Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 31,26,000 | 31,26,000 | 62,52,000 |
| Day 1 | 0.53 | 0.08 | 0.31 |
| Day 2 | 0.72 | 0.20 | 0.46 |
| Day 3 | 1.30 | 1.27 | 1.28 |
Swastik Pipe Offer Lead Manager
CORPORATE CAPITALVENTURES PRIVATE LIMITED
B-1/E-13, Mohan Cooperative Industrial,
Estate Mathura Road, New Delhi 110044
Phone : +91 11 – 41824066
Email: [email protected]
Website: www.ccvindia.com
Swastik Pipe Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone : +91-11-40450193/97
Email: [email protected]
Website: www.skylinerta.com
Swastik Pipe Contact Details
SWASTIK PIPE LIMITED
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026, India
Phone: +91-11-35453545
E-mail: [email protected]
Website: www.swastikpipes.com
Swastik Pipe IPO Allotment Status
Swastik Pipe IPO allotment is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Swastik Pipe IPO Dates & Listing Performance
| Swastik Pipe IPO Opening Date | 29 September 2022 |
| Swastik Pipe 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 |
| Swastik Pipe IPO Listing Date | 12 October 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Swastik Pipe IPO FAQs
What is Swastik Pipe offer size?
Swastik Pipe offer size is INR 62.5 crore.
What is Swastik Pipe IPO Price Band?
Swastik Pipe public offer price is INR 97-100 per share.
What is the lot size of Swastik Pipe IPO?
Swastik Pipe offer lot size is 1,200 shares.
What is Swastik Pipe IPO GMP today?
Swastik Pipe IPO GMP today is NA per share.
What is Swastik Pipe kostak rate today?
Swastik Pipe kostak rate today is NA per application.
What is Swastik Pipe Subject to Sauda rate today?
Swastik Pipe Subject to Sauda rate today is NA per application.
