Swastik pipes ipo

Swastik Pipe on September 26 fixed the price brand of its initial public offering (IPO) opening for subscription on September 29 and closing on October 3 at Rs 97-100 per share. The issue of 62.52 lakh shares will reserve 3,14,400 shares for the market maker. The company will raise Rs 62.52 crore through its public issue which will be used for working capital, general corporate purposes, and issue expenses. Promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal, and Geeta Devi Aggarwal, Swastik Pipes has been making and exporting mild steel and carbon steel electric-resistance-welded black and galvanised pipes and tubes since 1973. It has two plants in Haryana and Uttar Pradesh. Swastik Pipe has also diversified its business with manufacturing of solar module mounting structures, transmission towers, steel tubular poles and solar poles special structure for railways, scaffolding, formwork and crash barrier. For the year ended March, the company recorded net profit after tax of Rs 20.41 crore on revenue of Rs 608.7 crore against profit of Rs 1.48 crore on revenue of Rs 522.17 crore in the previous financial year. Corporate Capitalventures is the book running lead manager to the issue, while Skyline Financial Services is the registrar for the offer.

October 7, 2022 (Allotment Out). The refund will be initiated on October 10 and the shares will be credited to the Demat account on October 11. Swastik Pipe IPO may list on October 12. The IPO investors can check their Swastik Pipe IPO allotment status online on the Skylinerta website or they can check it via their bank account and Demat login as offline mode. Check out here step to step guide from where you can check Swastik Pipe IPO allotment status online or offline. Swastik Pipe IPO subscribed 1.35 times overall in that NII 1.37 times, and Retail 1.33 times. Swastik Pipe IPO to raise around ₹62.52 Crores via IPO. The price band is fixed at ₹97 to ₹100 per equity share. The IPO to list on NSE. Basis of Allotment: Based on the retail subscription the Swastik Pipe IPO basis of allotment will be around 4:3 (Approx). Swastik Pipe IPO Allotment Links (Allotment Out) Skylinerta: BSE India: IPO Watch: #Step 1: How to check Swastik Pipe IPO Allotment Status on Skylinerta? • Log on to Skylinerta IPO allotment page – • Select IPO Name ‘ Swastik Pipe‘ from the drop-down menu bar • Select Option from PAN Number, application Number, or DP ID Option • As per selection add PAN Number, application Number, or Demat Account Number • Click on the ‘Search’ Button • You will be able to see your Swastik Pipe IPO allotment status on the screen (mobile/desktop). #Step 2: How to check Swastik Pipe IPO Allotment Status on BSE? • Log on to the BSE IPO allotment page – • Select IPO Name ‘ Swastik ...

Swastik Pipe IPO will open for subscription from 29 September 2022. the company aims for an issue size of ₹62.52 Cr through this IPO. Swastik Pipe Limited Incorporated in 1973, Swastik Pipe Limited is themanufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure. The company has two plants located at Bahadurgarh, Distt. Jharjjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity, both units aggregating 2,01,250 MT. Swastik Pipe has diversified its Manufacturing activities towards the production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles, and Solar Poles Special structures for Railways, Scaffolding, and Formwork. Swastik Pipe Ltd is one of the oldest manufacturers and suppliers of steel pipes and tubes to various heavy engineering industries in India and abroad. The company’s customers are HPSCSC, SHIMLA, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and SUPER STAR STEELS (P) LTD., among others. Basic details about the company Full name Swastik Pipe Limited Sector Iron & Steel Industry Iron & Steel Products Company Website Objects of the Issue • For Working Capital requirements of the Company. • For Issue Expenses. • General Corporate Purposes. Dates to remember IPO Opening date 29 Se...

Specialised Pipe Manufacturer Swastik Pipes Ltd, on Tuesday said it has received approval from NSE Emerge for its initial public offering ( “The issue size comprises of issuance of up to 62.51 lakh equity shares of a face value of Rs 10 each fully paid-up shares through the book-building process," Swastik Pipes said in a statement. The company plans to issue 62.51 lakh shares through the initial public offering. About 40 per cent of the issue will be reserve for qualified institutional buyers (QIB), around 20 per cent for high networth individuals (HNIs) and 35 per cent for retail investors. The company has appointed Corporate Capital Ventures Private Ltd as lead managers for the issue. While Skyline Financial Service Private Ltd has been appointed as registrar to the issue. Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company is a leading manufacturer and exporter of T T Swastik Band high-quality mild steel/ carbon steel ERW black and galvanised pipes/ tubes since 1973. “The company has two state-of-the-art manufacturing plants in Haryana and Uttar Pradesh with a production capacity of 20,000 MT per month. In those past few years, the company has diversified into the production of solar module mounting structures, steel tubular poles, GI structures of rural electrification, etc," it said in the statement. Read all the

Swastik Pipes Limited launched its initial public offering (IPO) on September 26 at Rs 97-100 per share. It will be public on September 29 and close on October 3. This time, 62.52 lakh shares were issued, and 314,400 shares were reserved for market makers. The company will raise Rs 62.52 crore through a public offering for working capital, general corporate purposes and issuance expenses. Driven by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal, Swastik Pipes has been manufacturing and exporting mild steel, and carbon steel electric resistance welded black and galvanised pipes since 1973. It has two factories in Haryana and Uttar Pradesh. Swastik Pipe also diversifies its business by manufacturing solar module mounting structures, transmission towers, steel pipe poles and solar poles, especially for railways, scaffolding, formwork and crash barriers. For the year ended March, the company posted a net profit after tax of Rs 20.41 crore on revenue of Rs 608.7 crore, compared to Rs 1.48 crore on revenue of Rs 522.17 crore in the previous fiscal. • • • • • Corporate Capitalventures is the book runner for the offering, and Skyline Financial Services is the registrar for the offering. Data is a real-time snapshot *Data is delayed by at least 15 minutes. StockFact, Market Action Data and Analysis. Data Provider Disclaimer : There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the res...