New Swan Multitech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 12, 2024Let’s have a detailed review of the company and analytics of the New Swan Multitech IPO release date, IPO offer price, subscription, New Swan Multitech 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 62 to Rs 66 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | January 18, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3311 Lakh |
| IPO Size | Rs 3311 Lakh |
| Tick Size | 1 |
New Swan Multitech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – New Swan Multitech Share Price |
New Swan Multitech IPO – Summary
Incorporated in 2014, they are an engineering-led manufacturer of (i) complex and critical precision-engineered components and parts used in the automotive sector (“auto components”) and (ii) agricultural farm machinery designed to meet the diverse needs of modern farming (“agricultural implements”).
Within the automotive sector, they manufacture, procure and supply a range of precision machined tubular assemblies, welded assemblies, precision brackets and sheet metal parts. Their wide range of offerings in this segment includes link assembly engine hangers, hinge body covers, front cover stay components, seat catch components, fuel filler cap components etc.
The Promoter of this company is Mr Manish Kumar Dabkara. The lead manager of the issue is HEM SECURITIES LIMITED and SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
New Swan Multitech IPO Date
The opening and closing dates of the New Swan Multitech IPO are January 11, 2024, and January 15, 2024, respectively.
New Swan Multitech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 11th Jan | 3.45x | 16.36x | 35.33x | 52.36x |
| 2nd Day – 12th Jan | 6.50x | 53.40x | 92.13x | 59.36x |
| 3rd Day – 15th Jan | ||||
| Shares Offered or Net Issue | 952,000 | 714,000 | 1,666,000 | 3,094,000 |
The shares subscribed by the public will be updated here.
New Swan Multitech 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.
New Swan Multitech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 16, 2024 |
| Refunds Initiation | January 17, 2024 |
| Credit of Shares to Demat Account | January 17, 2024 |
| Share Listing Date | January 18, 2024 |
New Swan Multitech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 62 to Rs 66
New Swan Multitech IPO Equity Size
This Initial Public Issue of 5,016,000 Equity Shares of Rs.10 each for cash at a price of Rs 62 to Rs 66 per equity share aggregating to Rs.3311 Lakh.
New Swan Multitech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,016,000 Equity Shares of Rs.10/ each.
Issue Size: 5,016,000 Equity Shares of Rs.10 each, aggregating to Rs.3311 Lakh
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New Swan Multitech IPO – Live Performance
The listing date of this IPO is January 18, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – New Swan Multitech Share Price |
New Swan Multitech IPO Grey Market Premium
The New Swan Multitech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
New Swan Multitech IPO – Company Overview
Within the agricultural implements sector, they design, manufacture and supply a comprehensive range of agricultural implements that cater to different aspects of farming such as soil preparation, sowing, crop management, harvesting and crop residue management.
Their wide range of offerings in this segment includes various types of rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements. They manufacture agricultural implements from their manufacturing unit located at Village Raian, Ludhiana, Punjab.
The said unit was established in F.Y. 2014-15 and is located at a plot area of 6.74 acres, and is equipped with various machinery such as Broach Machine, Center Facing Machine, Beam Furnace, Deburring Machine, Gear Hobbing, Gear Shaver, Hydraulic Press, Laser Machine, Milling Machine, Plasma Machine, Power Grid, Cylindrical Grinder Machine, Drill Machines, Diameter Grinder, Laser Marking Machine etc.
New Swan Multitech 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-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 12,876.43 | 12,348.80 | 11,769.68 |
| *Total Revenue | 15,142.17 | 14,552.40 | 14,960.55 |
| Total Expense | 13,768.01 | 14,044.91 | 14,472.78 |
| Profit After Tax | 991.93 | 363.14 | 342.63 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 7.09 | 2.59 | 2.45 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 991.93 Lakh, Rs. 363.14 Lakh and Rs. 342.63 Lakh respectively.
New Swan Multitech IPO – Promoters
The Promoter of this company is:
- Upkar Singh,
- Barunpreet Singh Ahuja
- Kanwardeep Singh
List of Related Parties (Key Managerial Personnel)
- Upkar Singh, Chairman & Managing Director
- Barunpreet Singh Ahuja, Whole Time Director
- Kanwardeep Singh, Executive Director
- Manmeet Kaur, Non-Executive Director
New Swan Multitech IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – %
New Swan Multitech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 50,16,000 Equity Shares aggregating up to Rs.3311 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 | 1,40,00,240 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
New Swan Multitech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure towards the purchase of certain machinery for existing manufacturing unit located at Raian, Ludhiana
- Repayment of a portion of certain borrowing availed by their Company
- To meet working capital requirements
- General Corporate Purpose
New Swan Multitech IPO – Business Strategy
- Rising business and product innovation
- Research
- Low-cost price strategy
New Swan Multitech 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:
- In-house Manufacturing capabilities
- Large base of dealers and customers along with strong relationships;
- Wide Range of Products;
- Stringent quality control mechanism ensuring standardized product quality;
- The synergy of the young and experienced management team with a committed employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.09 | 33.27% | 21.30 |
| 31-Mar-22 | 2.59 | 18.25% | 14.21 |
| Mar-21 | 2.45 | 21.06% | 11.62 |
New Swan Multitech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| New Swan Multitech Limited | 10 | [●] | 7.09 | 33.27% | 15,142.17 |
| Listed Peers | |||||
| Sansera Engineering Limited | 2 | 34.62 | 27.17 | 12.55% | 23,5611.30 |
| Endurance Technologies Limited | 10 | 47.03 | 34.09 | 10.87% | 88,4947.30 |
New Swan Multitech IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED |
New Swan Multitech IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India. Tel No.: +91 22 6263 8200 Facsimile: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal C SEBI Registration Number: INR000001385 |
New Swan Multitech IPO – Other Details
- Statutory Auditor – M/s. M.P. Arneja & Co,
- Legal Counsel to the Company – J Mukherjee & Associates
- Bankers to the Company – NA
New Swan Multitech 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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New Swan Multitech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
New Swan Multitech IPO Review FAQs
Check out various FAQs related to New Swan Multitech IPO:
What is the Issue Size of New Swan Multitech IPO?
The Company is making an initial public offer of 5,016,000 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 the New Swan Multitech IPO?
The price band for this particular IPO ranges between Rs 62 to Rs 66. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the New Swan Multitech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 11, 2024, while the closing date is set at January 15, 2024.
What is the New Swan Multitech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 16, 2024, refund initiation is on January 17, 2024, credit of shares is on January 17, 2024, and the share listing date is on January 18, 2024.
What is the New Swan Multitech IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 18, 2024. The date, when the listing would be done, is stagnant on January 18, 2024.
Who is the Registrar of New Swan Multitech IPO?
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.
Who is the Promoter of New Swan Multitech IPO?
Here are the promoters of this IPO – Upkar Singh, Barunpreet Singh Ahuja & Kanwardeep Singh. 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 New Swan Multitech?
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 also included in this report.
Is New Swan Multitech 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 New Swan Multitech 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 991.93, 2022 is 363.14, and 2021 is 342.63.
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