Incorporated in 1973, Swastik Pipe Limited is the manufacturer 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 Structure 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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 35607.65 | 72756.38 | 467.97 | 9370.13 | 8450.03 |
| 31-Mar-20 | 33650.76 | 65807.21 | -1389.25 | 7980.91 | 7060.78 |
| 31-Mar-21 | 33625.88 | 52383.88 | 148.64 | 8129.51 | 7209.42 |
| 31-Mar-22 | 34127.21 | 61219.77 | 2041.11 | 14169.42 | 12471.47 |
| Amount in ₹ Lakhs |
Objects of the Issue
The objects of the Issue are:-
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 Details
| Swastik Pipe IPO Date | Sep 29, 2022 to Oct 3, 2022 |
| Swastik Pipe IPO Face Value | ₹10 per share |
| Swastik Pipe IPO Price | ₹97 to ₹100 per share |
| Swastik Pipe IPO Lot Size | 1200 Shares |
| Issue Size | 6,252,000 shares of ₹10 (aggregating up to ₹62.52 Cr) |
| Fresh Issue | 6,252,000 shares of ₹10 (aggregating up to ₹62.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Sandeep Bansal, Smt. Geeta Devi Aggarwal, Mrs. Anupama Bansal and Mr. Shashwat Bansal are the company promoters. |
Swastik Pipe IPO Timeline
Swastik Pipe IPO opens on Sep 29, 2022, and closes on Oct 3, 2022. The Swastik Pipe IPO bid date is from Sep 29, 2022 10.00 A.M. to Oct 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Swastik Pipe IPO Opening Date | Sep 29, 2022 |
| Swastik Pipe IPO Closing Date | Oct 3, 2022 |
| Basis of Allotment | Oct 7, 2022 |
| Initiation of Refunds | Oct 10, 2022 |
| Credit of Shares to Demat | Oct 11, 2022 |
| Swastik Pipe IPO Listing Date | Oct 12, 2022 |
Swastik Pipe IPO Lot Size
The Swastik Pipe IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
Swastik Pipe IPO Promoter Holding
| Pre Issue Share Holding | 88.27% |
| Post Issue Share Holding | 64.51% |
Swastik Pipe IPO Prospectus
Company Contact Information
Swastik Pipe Limited
2, Arihant Nagar,
Punjabi Bagh (W),
New Delhi 110026
Phone: +91-11-35453545
Email: cs@swastikpipes.com
Website: https://swastikpipes.com/
Swastik Pipe IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/