The Hariom Pipe Pvt Limited is a leading manufacturers and suppliers of the wide range of Scaffolding Spares, Scaffolding Components, Construction Clamp, Centering Sheets, Scaffold Coupler, Wall Form System, etc. based in Hyderabad is all set to float an IPO. Let’s have a detailed review of steel product company and an in-depth analysis of the IPO release date, IPO offer price, Hariom Pipe IPO subscription, Hariom Pipe IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Hariom Pipe IPO Review & Ratings
|Hariom Pipe IPO Ratings & Review|
|Top Brokers Review||6.0/10|
Summary of Hariom Pipe IPO
The Company was incorporated as a Private Company. The status of our Company was changed to a public limited company and the name of our Company was changed to Hariom Pipe Industries Limited by a special resolution passed on January 08, 2018. Moreover, Hariom Pipe Industries Limited classified as Non-govt company and is registered at Registrar of Companies, Hyderabad. Its authorized share capital is Rs. 83,100,000 and its paid-up capital is Rs. 52,626,448.
The company is planning to set up new manufacturing units and this is why the company is in need of funds. Since the government too is planning to invest a lot in engineering industry, your decision to buy the shares of this firm would never prove to be a wrong choice.
The Promoters of this company are: Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta
The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Hariom Pipe IPO Date
The opening and the closing date is not known yet.
Hariom Pipe IPO Subscription
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Hariom Pipe IPO Allotment Status
The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.
Hariom Pipe IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Hariom Pipe IPO Issue Size
The Issue Size is below Rs 10000 Lakhs and the exact price of the share is not known through the number of equity shares is known. 94.29% of the Issue Size is for public allocation.
Hariom Pipe IPO Equity Share Offerings
42, 00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (42,00,000* Issue Price).
Hariom Pipe Pvt Limited – Company Overview
Hariom Pipe Industries Limited is a steel product company based in Hyderabad. Hariom Private Limited came into being in the year 2007 and carved a niche as the leading manufacturers and suppliers of the wide range of Scaffolding Spares, Scaffolding Components, Construction Clamp, Centering Sheets, Scaffold Coupler, Wall Form System, Formwork Prop and many more. Products of the company are manufactured from the material of superior quality and known for varied features such as highly functional, lightweight, easily assembled and dismantled and many more.
The key management personnel of the company Mr. Shailesh Golas has played a vital role in carrying the entire administration of the organization in an efficient and smooth manner.
Competitive Strengths of Hariom Pipe Pvt Limited:
- Experienced promoters and Management Expertise
- Quality projects and committed operations
- Independent Execution capabilities
- Networking strength
Business strategies of Hariom Pipe Pvt Limited:
- Leveraging Market Skills
- Long Term Relationship with Clients
- Achieving Operational Efficiencies
- Expand Distribution Network & Customer Base
- Brand Building
- Expand the Business in new location
Hariom Pipe Pvt Ltd – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Assets of the Company
Assets (in INR & Lakhs)
Revenue & PAT of the Company
Revenue and Profit (in lakhs)
Earnings per Equity Share (in Lakh)
From the above statements, one could find that the Hariom Industries has performed well in the past few years.
Hariom Pipe IPO – Promoters
The Promoter of this company are:
- Mr. Rupesh Gupta and
- Mr. Sailesh Gupta
The interest of Promoters in the Promotion of the company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in our Company and the dividend declared, if any, by our Company.
The interest of Promoter in the Property of the company
The promoter is not interested in the property of the company ever since the company became a public limited concern. He has not shown any interest in the property of the company.
The interest of Promoter in the Intellectual Rights of the company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Hariom Pipe IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||39,60,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed).|
|Reserved for Market Makers||2,40,000 Equity Shares of Rs 10/- each at an issue price.|
|Net Issue to the Public||39,60,000 Equity Shares of Rs 10/- each at an issue price.|
|Retail Investors Portion||19,80,000 Equity Shares of Rs 10/- each at an Issue Price|
|Non-Retail Investors Portion||25,65,000 Equity Shares of Rs 10/- each at an Issue Price.|
|Equity Shares outstanding prior to the Issue||1,09,00,092 Equity Shares of Rs 10/- each|
|Equity Shares outstanding after the Issue||15,100,092 Equity Shares of Rs 10/- each|
Hariom Pipe IPO Issue Object
These are the IPO Issue Objects of the company
- Acquisition, Registration, and Stamping of the lands and the charges that are incurred.
- Capital Expenditure in relation to expansion of manufacturing facility at Mahabubnagar, Dist., Telangana
- Repayment of unsecured loans
- To generate fund for the financial working capital of the company
- To make up for the general corporate expenses of the company
- To manage the expenses of the issue
These are the main reasons why the IPO is being floated by the company.
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Hariom Pipe IPO – Basis of the 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:
- Assurance of Quality
- A long-term relationship with customers
- Experienced & Qualified Team
- Complimentary product mix
- Expected High Operating Efficiency
- Location of the Manufacturing Unit
- Product diversification & Wide Product Offering
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS) for the nine months ended December 31, 2017 was 5.22.
- Price to Earnings (P/E) ratio in relation to Issue Price.
- Return on Net Worth- RoNW for the nine months period ended December 31, 2017 was 25.20%.
- Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
- Net Asset Value per Equity Share as at December 31,2017 is 20.54.
- Comparison of Accounting Ratios with Peer Group Companies
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Hariom Pipe IPO Lead Managers
|Aryaman Financial Services Limited.|
Hariom Pipe IPO Registrar to offer
|Registrar to the Offer|
|Bigshare Services Private Limited.|
Hariom Pipe IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promters Reputation|
The ratings would be updated once the financials and the other details of the IPO are released.
Hariom Pipe IPO Grey Market Premium
The Hariom Pipe IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Hariom Pipe IPO News
News 1 – IPO ISSUES OPEN SOON
|What is IPO?|