New Swan Multitech Limited

Company Profile
Company Name New Swan Multitech Limited
Open Date 11-01-2024
Close Date 15-01-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹62 to ₹66 per share
Issue Size 50,16,000 shares
Application Amount ₹1,32,000
Recommendation Apply
New Swan Multitech Limited was originally incorporated in the year 2014 and has its registered office in Dwarka, New Delhi, India.The company is an engineering-led manufacturer of (i)complex and critical precision-engineered component sand parts used in the automotive sector (“auto components”) and (ii) agricultural farm machinery designed to meet the diverse needs of modern farming (“agricultural implements”).The company manufactures agricultural implements from its manufacturing unit located at Village Raian,Ludhiana, Punjab and auto components are manufactured from the manufacturing unit based at Village Vithlapur, Ahmedabad, Gujarat. As of 31st October 2023, the Company had 184 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 11,769.6 12,348.7 12,876.4 4,799.12
Net Assets 1,626.6 1,989.8 2,981.7 3,479.2
Total Borrowings 4,580.5 4,800.5 3,915.7 4,799.1
Total Revenue 14,960.5 14,552.4 15,142.1 7,788.2
Profit After Tax 342.6 363.1 991.9 497.5

Tentative Timeline

Opening Date 11-01-2024
Closing Date 15-01-2024
Basis of Allotment 16-01-2024
Initiation of Refunds 17-01-2024
Credit of Shares to Demat 17-01-2024
Listing Date 18-01-2024

Objects of the Issue

Funding Capital Expenditure towards the purchase of certain machineries for an existing manufacturing unit located at Raian, Ludhiana.
Repayment of a portion of certain borrowings.
Funding Working Capital Requirements.
General Corporate Purpose.

Contact Information

Registered Office 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

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.62%

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