AIK Pipes And Polymers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 28, 2023Let’s have a detailed review of the company and analytics of the AIK Pipes And Polymers IPO release date, IPO offer price, subscription, AIK Pipes And Polymers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 89 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | January 2, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1502 Lakh |
| IPO Size | Rs 1502 Lakh |
| Tick Size | 1 |
AIK Pipes And Polymers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – AIK Pipes And Polymers Share Price |
AIK Pipes And Polymers IPO – Summary
Their Company is an ISO 9001:2015, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018 and Bureau of Indian Standards IS 4984:2016 certified company engaged in manufacturing of a comprehensive range of HDPE (High-density polyethene) pipes, HDPE Fittings, MDPE (Medium density polyethene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector.
Their Company is committed towards constant innovations in drinking water piping solutions, irrigation and sewerage technologies to meet the constantly increasing demands.
The Promoter of this company is MR. IMRAN KHAN AND MS. TAHIRA SHEIKH. The lead manager of the issue is SHRENI SHARES LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
AIK Pipes And Polymers IPO Date
The opening and closing dates of AIK Pipes And Polymers IPO are December 26, 2023 and December 28, 2023 respectively.
AIK Pipes And Polymers IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 26th Dec | 0.37x | 2.00x | 1.19x |
| 2nd Day – 27th Dec | 1.05x | 6.39x | 4.72x |
| 3rd Day – 28th Dec | 52.17x | 30.93x | 43.57x |
| Shares Offered or Net Issue | 801,600 | 801,600 | 1,688,000 |
The shares subscribed by the public will be updated here.
AIK Pipes And Polymers IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
AIK Pipes And Polymers Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 29, 2023 |
| Refunds Initiation | January 1, 2024 |
| Credit of Shares to Demat Account | January 1, 2024 |
| Share Listing Date | January 2, 2024 |
AIK Pipes And Polymers IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.89
AIK Pipes And Polymers IPO Equity Size
This Initial Public Issue of 1,688,000 Equity Shares of Rs.10 each for cash at a price of Rs.89 per equity share aggregating to Rs.1502 Lakh.
AIK Pipes And Polymers IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,688,000 Equity Shares of Rs.10/ each.
Issue Size: 1,688,000 Equity Shares of Rs.10 each, aggregating to Rs.1502 Lakh
Open Free Demat Account Now!
AIK Pipes And Polymers IPO – Live Performance
The listing date of this IPO is January 2, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – AIK Pipes And Polymers Share Price |
AIK Pipes And Polymers IPO Grey Market Premium
The AIK Pipes And Polymers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
AIK Pipes And Polymers IPO – Company Overview
Their Company was originally incorporated on September 19, 2017, as “AIK Pipes and Polymers Private Limited.” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre.
Subsequently, their Company was converted into a Public Limited Company and the name of the company was changed from “AIK Pipes and Polymers Private Limited” to “AIK Pipes and Polymers Limited” vide fresh certificate of incorporation dated June 19, 2023, issued by the Registrar of Companies, Jaipur.
Their company has a well-equipped manufacturing facility. It has the latest technology and equipment that helps in the production of high-quality HDPE pipes of different sizes. Their manufacturing facility is fully automated.
The company also has a well-trained team of engineers, technicians and operators that help in the production and quality control of the products. The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organisations, Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL
AIK Pipes And Polymers IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1638.56 | 1450.50 | 968.13 | 739.75 |
| *Total Revenue | 1400.42 | 3077.92 | 2090.84 | 1020.54 |
| Total Expense | 1263.95 | 2827.04 | 1963.79 | 984.20 |
| Profit After Tax | 101.97 | 187.74 | 87.90 | 26.99 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.18 | 4.13 | 3.51 | 1.93 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 187.74 Lakh, Rs. 87.90 Lakh and Rs. 26.99 Lakh respectively.
AIK Pipes And Polymers IPO – Promoters
The Promoter of this company is:
- MR. IMRAN KHAN
- MS. TAHIRA SHEIKH
List of Related Parties (Key Managerial Personnel)
- Imran Khan, Chairman cum Managing Director
- Tahira Sheik, Whole-Time Director
- Ajayraj Singh Khangarot, Executive Director
- Mohammad Hanif Khan, Non-Executive Director
AIK Pipes And Polymers IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 73.47%
AIK Pipes And Polymers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 16,88,000 Equity Shares aggregating up to Rs.1502.32 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 84,800 Equity Shares aggregating up to Rs.75.47 Lakh |
| Net Issue to the Public | Up to 16,03,200 Equity Shares aggregating up to Rs.1426.85 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 8,01,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 8,01,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 46,75,000 Equity Shares |
| Equity Shares outstanding after the Issue | 63,63,000 Equity Shares |
AIK Pipes And Polymers IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirement
- To Meet the Capital Expenditure
- General Corporate Purpose
AIK Pipes And Polymers IPO – Business Strategy
- Expand their Current Business Relationships
- Improving operational efficiencies
- Optimal Utilization of Resources
- Improve capacity utilization
- Enhancing existing production and product quality
AIK Pipes And Polymers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Customer satisfaction and revenues from long-standing customer relationships
- Experienced Promoter and Management Expertise
- Scalable Business Model
- Cost-effective production and timely fulfillment of orders
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.13 | 33.50 | 43.96 |
| 31-Mar-22 | 3.51 | 43.35 | 28.97 |
| Mar-21 | 1.93 | 31.81 | 21.21 |
AIK Pipes And Polymers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV (Rs.) | |
| AIK Pipes And Polymers Limited | 10 | 21.54 | 2.18 | 15.39 | 14.17 |
| Listed Peers | |||||
| Rex Pipes & Cables Industries Limited | 10 | 16.67 | 4.21 | 15.75 | 26.69 |
| Prince Pipes and Fittings Ltd | 10 | 64.75 | 10.98 | 8.86 | 12.34 |
AIK Pipes And Polymers IPO Lead Managers
| Lead Managers |
| SHRENI SHARES LIMITED (FORMERLY KNOWN AS SHRENI SHARES PRIVATE LIMITED) A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express Highway, Magathane, Borivali East, Mumbai – 400066, Maharashtra, India. Telephone: 022- 2089 7022 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Contact Person: Mr. Parth Shah Website: www.shreni.in SEBI Registration Number: INM000012759 |
AIK Pipes And Polymers IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Tel. No.: 011-40450193-197 Email: ipo@skylinerta.com Website: www.skylinerta.com Investor Grievance Email: grievances@skylinerta.com Contact Person: Mr. Anuj Rana SEBI Registration No.: INR000003241 |
AIK Pipes And Polymers IPO – Other Details
- Statutory Auditor – M/s. S A S P & Company, Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – ICICI BANK LIMITED
AIK Pipes And Polymers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to AIK Pipes And Polymers IPO
AIK Pipes And Polymers Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
AIK Pipes And Polymers IPO Review FAQs
Check out various FAQs related to AIK Pipes And Polymers IPO:
What is the Issue Size of AIK Pipes And Polymers IPO?
The Company is making an initial public offer of 1,688,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of AIK Pipes And Polymers IPO?
The price band for this particular IPO ranges between Rs 89. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the AIK Pipes And Polymers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 26, 2023, while the closing date is set at December 28, 2023.
What is the AIK Pipes IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 29, 2023, refund initiation is on January 1, 2024, credit of shares is on January 1, 2024, and share listing date is on January 2, 2024.
What is the AIK Pipes IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 2, 2024. The date, when the listing would be done, is stagnant on January 2, 2024.
Who is the Registrar of AIK Pipes IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of AIK Pipes IPO?
Here are the promoters of this IPO – MR. IMRAN KHAN AND MS. TAHIRA SHEIKH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of AIK Pipes IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is AIK Pipes IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of AIK Pipes And Polymers Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 187.74, 2022 is 87.90, and 2021 is 26.99. PAT from Jun 2023 is 101.97.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics