Hariom Pipe Industries Limited manufactures iron and steel products including Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company sells and markets MS Pipes in the western and southern parts of India under the brand name “Hariom Pipes”. As part of the B2B sales, the company sells MS Pipes and Scaffoldings to specific developers and contractors. Hariom Pipe Industries has more than 200 dealers and distributors for selling its products. The company is located in Hyderabad, Telangana.
The company operates two plants, one at Mahabubnagar District in Telangana (Unit I) that manufactures finished steel products from iron scrap and sponge iron and the second plant at Anantapur District, Andhra Pradesh (Unit II) that only manufactures Sponge Iron.
Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.
Competitive Strengths:
- Integrated nature of our operations.
- Environment-friendly manufacturing process.
- The strategic location of manufacturing Units.
- Cost advantage in manufacturing our products.
- Competitive pricing of our products.
- Experienced & Qualified Team.
Company Promoters:
Rupesh Kumar Gupta and Sailesh Gupta are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 19,881.96 | 17,374.03 | 13,967.72 | 10,335.11 |
| Total Revenue | 20,116 | 25,482.31 | 16,115.05 | 13,391.56 |
| Profit After Tax | 1,286.90 | 1,513.20 | 790.83 | 802 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure requirements.
- Funding the working capital requirements of our Company.
- General corporate purposes.
Hariom Pipe Industries IPO Details
| IPO Opening Date | Mar 30, 2022 |
| IPO Closing Date | Apr 5, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹144 to ₹153 per equity share |
| Market Lot | 98 Shares |
| Min Order Quantity | 98 Shares |
| Listing At | BSE, NSE |
| Issue Size | 8,500,000 Eq Shares of ₹10 (aggregating up to ₹130.05 Cr) |
| Fresh Issue | 8,500,000 Eq Shares of ₹10 (aggregating up to ₹130.05 Cr) |
| QIB Shares Offered | Not more than 30% |
| Retail Shares Offered | Not less than 35% |
| NII (HNI) Shares Offered | Not less than 35% |
Hariom Pipe Industries IPO Tentative Timetable
The Hariom Pipe Industries IPO open date is Mar 30, 2022, and the close date is Apr 5, 2022. The issue may list on Apr 13, 2022.
| IPO Open Date | Mar 30, 2022 |
| IPO Close Date | Apr 5, 2022 |
| Basis of Allotment Date | Apr 8, 2022 |
| Initiation of Refunds | Apr 11, 2022 |
| Credit of Shares to Demat Account | Apr 12, 2022 |
| IPO Listing Date | Apr 13, 2022 |
Hariom Pipe Industries IPO Lot Size
The Hariom Pipe Industries IPO market lot size is 98 shares. A retail-individual investor can apply for up to 13 lots (1274 shares or ₹194,922).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 98 | ₹14,994 |
| Maximum | 13 | 1274 | ₹194,922 |
Company Contact Information
Hariom Pipe Industries Limited
Plot 3-4-174/12/2,
1st Floor, Samarpan Lane, Besides Spencer’s
Pillar No. 125, Attapur, Hyderabad – 500 048
Phone: +91 40 2401 6101
Email: cs@hariompipes.com
Website: http://www.hariompipes.com/