Swastik Pipe Limited

Company Profile
Company Name Swastik Pipe Limited
Open Date 29-09-2022
Close Date 03-10-2022
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹ 78 per share
Issue Size 27,12,000 Equity Shares
Application Amount ₹ 1,24,800
Recommendation Avoid
Swastik Pipe Limited was incorporated in the year 1973 in Delhi. Company is engaged in the business of manufacturing and exporting Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils, Swaged Tubular Poles, Solar Structure and Steel Structures. Company has 2 manufacturing units, one in Haryana and one in Uttar Pradesh.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 34,127.21 33,625.88 3,3650.76
Net Assets 14,169.42 8,129.55 7,980.91
Total Borrowings 11,369.12 19,607.87 19,690.62
Total Revenue 61,219.77 52,383.88 65,807.21
Profit After Tax 2,041.11 148.64 -1,389.25

Tentative Timeline

Opening Date 29-09-2022
Closing Date 03-10-2022
Basis of Allotment 07-10-2022
Initiation of Refunds 10-10-2022
Credit of Shares to Demat 11-10-2022
Listing Date 12-10-2022

Objects of the Issue

To meet out the Working Capital requirements of the Company.
To meet out the General Corporate Purposes.
To meet out the Issue Expenses.

Contact Information

Registered Office Swastik Pipe Limited 2, Arihant Nagar, Punjabi Bagh (W), New Delhi 110026
Phone +91-11-35453545
Email cs@swastikpipes.com
Website https://swastikpipes.com/

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email compliances@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 3,14,400 (5.03%)
NII (HNI) Shares Offered 29,68,800 (47.49%)
Retail Shares Offered 29,68,800 (47.49%)
Total Shares Offered 62,52,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 88.27%
Share Holding Post Issue (Promoters) 64.51%

Contact Us to Enable Your Success!