Hariom Pipe Industries IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 29, 2023Let’s have a detailed review of the company and analytics of the Hariom Pipe Industries IPO release date, IPO offer price, subscription, Hariom Pipe Industries 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 |
| Cash Price | Rs 144 to 153 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 98 Shares |
| Listing Date | Apr 13, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 13005 Lakhs |
| IPO Size | Rs 13005 Lakhs |
| Tick Size | 1 |
Hariom Pipe Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Hariom Pipe Industries IPO – Summary
Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. They use iron ore to produce Sponge Iron which is then processed across various stages to manufacture their final products viz. MS Pipes and Scaffolding making their manufacturing process cost-effective.
They cater to the southern and western Indian markets for their products. Their MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. A substantial portion of the Sponge Iron, MS Billets, and HR Strips produced by them is used for captive consumption in the manufacturing of MS Pipes and Scaffolding.
The Promoter of this company is RUPESH KUMAR GUPTA AND SAILESH GUPTA. The lead manager to the issue is ITI Capital Limited, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Hariom Pipe Industries IPO Date
The opening and the closing date of Hariom Pipe Industries IPO are Mar 30, 2022 and Apr 5, 2022.
Hariom Pipe IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th March | 0.00x | 0.03x | 1.88x | 0.67x |
| 2nd Day – 31st March | 0.44x | 0.32x | 3.55x | 1.48x |
| 3rd Day – 1st April | 0.44x | 0.33x | 4.66x | 1.88x |
| 4th Day – 4th April | 0.83x | 1.93x | 7.18x | 3.44x |
| 5th Day – 5th April | 1.91x | 8.87x | 12.15x | 7.93x |
| Shares Offered or Net Issue | 2,550,000 | 2,975,000 | 2,975,000 | 8,500,000 |
The shares subscribed by the public will be updated here.
Check Hariom Pipe Industries IPO LIVE Subscription
- Hariom Pipe Industries IPO LIVE Bid details on BSE
- Hariom Pipe Industries IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Hariom Pipe 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.
Hariom Pipe Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 8, 2022 |
| Refunds Initiation | Apr 11, 2022 |
| Credit of Shares to Demat Account | Apr 12, 2022 |
| Share Listing Date | Apr 13, 2022 |
Hariom Pipe IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.144 to 153
Hariom Pipe IPO Equity Size
This Initial Public Issue of 85,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.144 to 153 per equity share aggregating to Rs.13005 Lakh.
Hariom Pipe Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 8,500,000 Equity Shares of Rs.10/ each.
Issue Size: 85,00,000 Equity Shares of Rs.10 each, aggregating to Rs.13005 Lakh
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Hariom Pipe Industries IPO – Live Performance
The listing date of this IPO is Apr 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Hariom Pipe Industries Share Price |
Hariom Pipe IPO Grey Market Premium
The Hariom Pipe Industries Limited IPO Grey Market Premium price is Rs 15, the Kostak rate is Rs X and the Subject to Sauda is X.
Hariom Pipe Industries IPO – Company Overview
They manufacture MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power, and engineering.
Their integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron and their other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. Unit II is located near Bellary, which is one of the hubs in South India for iron ore production. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process.
Most of the Sponge Iron produced at Unit II is transported to Unit I and used as a raw material for manufacturing MS Billets, HR Strips, MS Pipes, and Scaffolding. The manufacturing of Sponge Iron at their Unit II has reduced their dependence on external sources for raw materials since its acquisition in September 2020.
The integration of Unit I and II have optimized their operations and profitability through backward integration which helps with efficient logistics, inventory management, procurement, energy savings, and quality control. Their quality control team led by qualified chemists and engineers ensures that their raw materials, as well as end products, are tested on all quality parameters to ensure that they are compliant with the required market standards.
Hariom Pipe 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) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 17,374.03 | 13,967.72 | 10,335.11 |
| *Total Revenue | 25,482.31 | 16,115.05 | 13,391.56 |
| Total Expense | 23,362.57 | 14,982.58 | 12,226.77 |
| Profit After Tax | 1,513.20 | 790.83 | 802.00 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 10.64 | 5.98 | 7.34 |
| Diluted | 9.80 | 5.93 | 7.34 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 1,513.20 Lakh, Rs. 790.83 Lakh, and Rs. 802.00 Lakh respectively.
Hariom Pipe Industries IPO – Promoters
The Promoter of this company is:
- RUPESH KUMAR GUPTA
- SAILESH GUPTA
List of Related Parties (Key Managerial Personnel)
- Pramod Kumar Kapoor, Chairman, and Independent Director
- Rupesh Kumar Gupta, Managing Director
- Sailesh Gupta, Whole-time Director
- Sunita Gupta, Non-Executive Director
- B. Shanti Sree, Independent Director
- G. Rajender Reddy, Independent Director
Hariom Pipe IPO – Promoters Holding
- Pre Issue Share Holding – 99.10%
- Pos Issue Share Holding – %
Hariom Pipe Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 85,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,69,76,204 Equity Shares |
| Equity Shares outstanding after the Issue | 2,54,76,204 Equity Shares |
Hariom Pipe IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding capital expenditure requirements;
2. Funding the working capital requirements of their Company; and
3. General corporate purposes.
Hariom Pipe Industries IPO – Business Strategy
- Expand their geographical network.
- Organic growth by expansion of their manufacturing capacity.
- Upgrading their existing manufacturing facilities.
- Expanding their product range to add more value-added products.
- Increasing Operational efficiency
Hariom Pipe Industries 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:
- Integrated nature of the operations
- Environment-friendly manufacturing process
- Strategic Location of manufacturing Units
- Competitive pricing of the products
- Experienced Promoters and Management Team
The relevant quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 10.64 | 9.80 | 21.38 | 49.79 |
| 31-Mar-20 | 5.98 | 5.93 | 16.37 | – |
| Mar-19 | 7.34 | 7.34 | 22.22 | – |
Hariom Pipe IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS Basic (Rs.) | EPS Diluted (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Hariom Pipe Industries Limited | 10 | [●] | 10.64 | 9.80 | 21.38 | 25,482.31 |
| Listed Peers | ||||||
| APL Apollo Tubes Ltd. | 2 | 76.68 | 12.34 | 12.30 | 10.61 | 6,05,200.07 |
| Hi-Tech Pipes Ltd | 10 | 44.73 | 13.75 | 12.50 | 8.66 | 1,02,728.43 |
| Rama Steel Tubes Ltd. | 5 | 79.01 | 3.24 | 3.24 | 6.08 | 32,883.47 |
| JTL Infra Ltd | 10 | 45.34 | 18.91 | 18.91 | 20.70 | 44,036.86 |
Hariom Pipe IPO Lead Managers
| Lead Managers |
| ITI Capital Limited ITI House, 36 Dr. R. K. Shirodkar Marg Parel, Mumbai – 400 012 Maharashtra, India Tel No.: +91 22 4031 3371/ +91 22 4031 3465/ +91 22 6911 3388 Email: ipo.hariom@iticapital.in Investor Grievance Email: investorgrievance@iticapital.in Website: www.iticapital.in Contact Person: Pallavi Shinde/ Mihir B. Pandhi SEBI Registration No.: INM000010924 |
Hariom Pipe Industries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Ashish Bhope SEBI Registration No.: INR000001385 |
Hariom Pipe Industries IPO – Other Details
- Statutory Auditor – Rakesh S. Jain & Associates, Chartered Accountants, and R Kabra & Co. LLP Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – Canara Bank
Hariom Pipe 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 |
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Hariom Pipe Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Hariom Pipe Industries IPO Review FAQs
Ques – What is the Issue Size of Hariom Pipe Industries IPO?
Answer – The Company is making an initial public offer of 85,00,000 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.
Ques – What is the Price band of Hariom Pipe IPO?
Answer – The price band for this particular IPO ranges between Rs.144 to 153. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Hariom Pipe Industries IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 30, 2022, while the closing date is set at Apr 5, 2022.
Ques – What is the Hariom Pipe Industries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Apr 8, 2022, refund initiation is on Apr 11, 2022, credit of shares is on Apr 12, 2022, and share listing date is on Apr 13, 2022.
Ques – What is the Hariom Pipe IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Apr 13, 2022. The date, when the listing would be done, is stagnant on Apr 13, 2022.
Ques – Who is the Registrar of Hariom Pipe Industries IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Hariom Pipe IPO?
Answer – Here are the promoters of this IPO – RUPESH KUMAR GUPTA AND SAILESH GUPTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Hariom Pipe Industries IPO?
Answer – They have obtained the GMP of this IPO and it is Rs.15. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Hariom Pipe IPO good for Investment?
Answer – 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.
Ques – What is the PAT of Hariom Pipe Industries Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 1,513.20, 2020 is 790.83, 2019 is 802.00.
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