AIK Pipes and Polymers Limited

Company Profile
Company Name AIK Pipes and Polymers Limited
Open Date 26-12-2023
Close Date 29-12-2023
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹89 per share
Issue Size 16,88,000 Equity Shares
Application Amount ₹ 1,42,000
Recommendation Avoid
AIK Pipes and Polymers Limited was originally incorporated in the year 2017 and has its registered office in Jaipur, Rajasthan, India. The company is engaged in manufacturing a comprehensive range of HDPE (High-density polyethene) pipes, HDPE Fittings, MDPE (Medium density polyethene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector. The company is committed towards constant innovations in drinking water piping solutions, irrigation and sewerage technologies to meet the constantly increasing demands. As of 30th June 2023, the Company had 23 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 739.74 968.13 1,450.51 1,638.54
Net Assets 84.86 202.76 560.50 662.47
Total Borrowings 382.88 432.17 538.09 429.91
Total Revenue 1,020.55 2,090.84 3,077.92 1,400.42
Profit After Tax 27.00 87.90 187.74 101.96

Tentative Timeline

Opening Date 26-12-2023
Closing Date 29-12-2023
Basis of Allotment 01-01-2024
Initiation of Refunds 01-01-2024
Credit of Shares to Demat 01-01-2024
Listing Date 02-01-2024

Objects of the Issue

To meet Working Capital Requirements.
To meet the Capital Expenditure.
General Corporate Purpose.

Contact Information

Registered Office AIK Pipes And Polymers Limited - F-9 Vinayak Enclave, Vaishali Nagar Jaipur 302021
Phone +91-9672749800

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.47%

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