Swastik Pipe IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Swastik Pipe IPO release date, IPO offer price, subscription, Swastik Pipe 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. 97 to Rs. 100 |
| Listing At | NSE SME |
| Min. Order Quantity | 1200 shares |
| Listing Date | Oct 12, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 6252 Lakh |
| IPO Size | Rs. 6252 Lakh |
| Tick Size | 1 |
Swastik Pipe IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Swastik Pipe IPO – Summary
The Company was incorporated as a private limited company namely “Swastik Pipes Private Limited” under the Companies Act, vide certificate of incorporation dated October 10, 1973 issued by Registrar of Companies, NCT of Delhi & Haryana bearing registration no 006881.
Swastik Pipe Limited is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils, Swaged Tubular Poles, Solar Structure and Steel Structures.
The Company use 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, which makes it comfortable to supply the quality material all over the world.
The Promoter of this company is Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal. The lead manager to the issue is CORPORATE CAPITALVENTURES PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED .
Swastik Pipe IPO Date
The opening of Swastik Pipe IPO will be on Sep 29, 2022 and the closing date Oct 3, 2022.
Swastik Pipe IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th Sept | 0.56x | 0.10x | 0.33x |
| 2nd Day – 30th Sept | 0.76x | 0.22x | 0.49x |
| 3rd Day – 3rd Oct | 0.93x | 0.49x | 0.71x |
| Shares Offered or Net Issue | 2,968,800 | 2,968,800 | 5,937,600 |
The shares subscribed by the public will be updated here.
Swastik 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.
Swastik Pipe Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 7, 2022 |
| Refunds Initiation | Oct 10, 2022 |
| Credit of Shares to Demat Account | Oct 11, 2022 |
| Share Listing Date | Oct 12, 2022 |
Swastik Pipe IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.97 to Rs.100.
Swastik Pipe IPO Equity Size
This Initial Public Issue of 6,252,000 Equity Shares of Rs.10 each for cash at a price of Rs.Rs.97 to Rs.100. per equity share aggregating to Rs.6252 Lakh.
Swastik Pipe IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,252,000 Equity Shares of Rs.10 each.
Issue Size: 6,252,000 Equity Shares of Rs.10 each, aggregating to Rs. 6252 Lakh.
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Swastik Pipe IPO – Live Performance
The listing date of this IPO is Oct 12, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Swastik Pipe Share Price |
Swastik Pipe IPO Grey Market Premium
The Swastik Pipe Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Swastik Pipe IPO – Company Overview
At present, they have highly sophisticated and technically competent plants are located at Bahadurgarh, Distt. Jhajjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity,
both units aggregating of 2,44,001 MT as on date of this Red Herring Prospectus. Swastik Pipe has diversified its Manufacturing activities towards production of Solar Module Mounting Structures, Transmission Towers,
Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding, Formwork and crash barrier. Swastik Pipe Ltd is one of the oldest manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India.
Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.
They have a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes range from 4m to 7m unless otherwise specified by the customers. They manufacture steel pipes and tubes in various shapes and size such square, round, rectangular and elliptical or any special shape.
Swastik 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-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 34127.21 | 33625.88 | 33650.76 | 35607.65 |
| *Total Revenue | 61219.77 | 52383.88 | 65807.21 | 72756.38 |
| Total Expense | 60,617.00 | 52,155.77 | 67,887.43 | – |
| Profit After Tax | 2041.11 | 148.64 | 1389.25 | 467.97 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 14.19 | 1.35 | (12.58) |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.2041.11 Lakh, Rs.148.64 Lakh, Rs.1389.25 Lakh, and Rs. 467.97 Lakh respectively.
Swastik Pipe IPO – Promoters
The Promoter of this company is:
- Mr. Sandeep Bansal
- Smt. Geeta Devi Aggarwal
- Mrs. Anupama Bansal
- Mr. Shashwat Bansal
List of Related Parties (Key Managerial Personnel)
- Mr. Sandeep Bansal, Managing Director
- Mr. Dinesh Kumar Dhanda, Whole Time director
- Mr. Surinder Singh, Whole Time director
- Mr. Gulshan Rai, Chief Financial Officer
- Ms. Banani Sikdar, Company Secretary & Compliance Officer
Swastik Pipe IPO – Promoters Holding
- Pre Issue Share Holding -88.27%
- Pos Issue Share Holding -64.51%
Swastik Pipe IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,252,000 Equity Shares aggregating up to Rs. 6252 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,14,400 Equity Shares aggregating up to Rs.NA Lakh |
| Net Issue to the Public | Up to 59,37,600 Equity Shares aggregating up to Rs. NA Lakh |
| Of which: | |
| Retail Investors Portion | 29,68,800 Not less than 50% |
| Other than Retail Individual Investors | 29,68,800 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 1,69,79,460 Equity Shares |
| Equity Shares outstanding after the Issue | 2,32,31,460 Equity Shares |
Swastik Pipe IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.To meet out the Working Capital requirements of the Company.
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
Swastik Pipe IPO – Business Strategy
- Enhance customer base by entering new geographies
- Leveraging the Market skills and Relationships
- Focus on quality
Swastik Pipe 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:
- Company’s core business
- Qualified & Experienced Team
- Customers Base
- Geographic exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
- Wide Product Range
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 14.19 | 14.41 | 83.45 |
| 31-Mar-21 | 1.35 | 1.83 | 88.36 |
| 31-Mar-20 | (12.58) | (17.41) | 86.74 |
Swastik Pipe IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Profit after Tax (Rs. in Crores) | |
| Swastik Pipe Limited | 10 | – | 14.19 | 14.41 | 61,219.77 |
| Listed Peers | |||||
| Rama Steel Tubes Limited | 1 | 41.21 | 0.97 | 21.56 | 27.00 |
| Hi-tech Pipes Limited | 10 | 21.12 | 29.27 | 15.59 | 40.00 |
Swastik Pipe IPO Lead Managers
| Lead Managers |
| CORPORATE CAPITALVENTURES PRIVATE LIMITED SEBI Registration No.: INM000012276 (Validity: Permanent) B-1/E-13, Mohan Cooperative Industrial, Estate Mathura Road, New Delhi 110044 Tel: +91 11 – 41824066; Fax: +91 11 – 41824066 Contact Person: Mr. Kulbhushan Parashar Email: smeipo@ccvindia.com; Website: www.ccvindia.com |
Swastik Pipe IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration No.: INR000003241 D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi-110020 Tel No: +91- 11-40450193-97; Fax No: +91-11-26812683 Contact Person: Mr. Virender Kumar Rana Email: compliances@skylinerta.com; Website: www.skylinerta.com; |
Swastik Pipe IPO – Other Details
- Statutory Auditor – M/s O. Aggarwal & Co.
- Legal Counsel to the Company – Adv. Parvindra Nautiyal
- Bankers to the Company – NA
Swastik 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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Swastik Pipe Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Swastik Pipe IPO Review FAQs
Check out various FAQs related to Swastik Pipe IPO:
What is the Issue Size of Swastik Pipe IPO?
The Company is making an initial public offer of 6,252,000 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 the net issue.
What is the Price band of Swastik Pipe IPO?
The price band for this particular IPO ranges between Rs. 97 to Rs. 100. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Swastik Pipe IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 29, 2022, while the closing date is set at Oct 3, 2022.
What is the Swastik Pipe IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 7, 2022, refund initiation is on Oct 10, 2022, credit of shares is on Oct 11, 2022, and share listing date is on Oct 12, 2022.
What is the Swastik Pipe IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 12, 2022. The date, when the listing would be done, is stagnant on Oct 12, 2022.
Who is the Registrar of Swastik Pipe IPO?
One of the reputed registrars is managing the issue of this IPO,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 Swastik Pipe IPO?
Here are the promoters of this IPO – Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Swastik Pipe IPO?
They have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Swastik Pipe 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 Swastik Pipe Company?
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 period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.2041.11 Lakh, Rs.148.64 Lakh, Rs.1389.25 Lakh, and Rs. 467.97 Lakh respectively.
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