New Swan Multitech IPO is a book built issue of Rs 33.11 crores. The issue is entirely a fresh issue of 50.16 lakh shares.

New Swan Multitech IPO opens for subscription on January 11, 2024 and closes on January 15, 2024. The allotment for the New Swan Multitech IPO is expected to be finalized on Tuesday, January 16, 2024. New Swan Multitech IPO will list on BSE SME with tentative listing date fixed as Thursday, January 18, 2024.

New Swan Multitech IPO price band is set at ₹62 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.

Hem Securities Limited and Share India Capital Services Private Limited are the book running lead managers of the New Swan Multitech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to New Swan Multitech IPO DRHP for detailed information.

New Swan Multitech IPO Details

IPO Date January 11, 2024 to January 15, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹62 to ₹66 per share
Lot Size 2000 Shares
Total Issue Size 5,016,000 shares
(aggregating up to ₹33.11 Cr)
Fresh Issue 5,016,000 shares
(aggregating up to ₹33.11 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 14,000,240
Share holding post issue 19,016,240

New Swan Multitech IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

New Swan Multitech IPO Timeline (Tentative Schedule)

New Swan Multitech IPO opens on January 11, 2024, and closes on January 15, 2024.

IPO Open Date Thursday, January 11, 2024
IPO Close Date Monday, January 15, 2024
Basis of Allotment Tuesday, January 16, 2024
Initiation of Refunds Wednesday, January 17, 2024
Credit of Shares to Demat Wednesday, January 17, 2024
Listing Date Thursday, January 18, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 15, 2024

New Swan Multitech IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹132,000
Retail (Max) 1 2000 ₹132,000
HNI (Min) 2 4,000 ₹264,000
Lot Size Calculator

New Swan Multitech IPO Promoter Holding

The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh

Share Holding Pre Issue 100%
Share Holding Post Issue  

About New Swan Multitech Limited

Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.

The company’s product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles.

They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.

For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.

The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.

As of September 30, 2023, the company’s product portfolio comprises 300 SKUs of agricultural equipment and auto parts.

In the automotive industry, the company’s customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.

In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.

 

New Swan Multitech Limited Financial Information (Restated)

New Swan Multitech Limited’s revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 12,876.43 12,348.80 11,769.68
Revenue 15,142.17 14,552.40 14,960.55
Profit After Tax 991.93 363.14 342.63
Net Worth 2,981.75 1,989.82 1,626.68
Reserves and Surplus 2,631.74 1,639.81 1,276.67
Total Borrowing 3,915.70 4,800.59 4,580.55
Amount in ₹ Lakhs

Key Performance Indicator

KPI Values
P/E (x) 9.32
ROE 33.27%
ROCE 24.86%
Debt/Equity 1.31
EPS (Rs) 7.09
RoNW 33.27%

Check New Swan Multitech IPO Peer Comparison here.

Objects of the Issue (New Swan Multitech IPO Objectives)

The Net Proceeds are proposed to be used in accordance with the details as set forth below:

  1. Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana
  2. Repayment of a portion of certain borrowing availed by the company
  3. To meet working capital requirements
  4. General Corporate Purpose.

New Swan Multitech Limited Contact Details

New Swan Multitech Limited
310, Vardhman Crown Mall, Plot No. 2, Sector-19,
District Court Complex, Dwarka
New Delhi, South West Delhi – 110 075
Phone: +91-161-4346000
Email: cs@swanagro.in
Websitehttps://www.swanagro.in/

New Swan Multitech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html