Swastik Pipe IPO Details & Guidance

    Swastik Pipe IPO Listing on 12 October 2022
    Issue Price Rs. 100
    Listed at Rs. 66 (discount of 34%)
    Intraday high Rs. 69.30

    Grey Market News for Swastik Pipe IPO #
    On 12 October 2022, click

    Swastik Pipe IPO Subscription Status
    On 3 October 2022 @ 5.00 pm
    NII 50%  29,68,000 Shares: 1.37T
    RII 50%  29,68,000  Shares: 1.33T
    Total     59,36,000 Shares: 1.35T

    Swastik Pipe IPO Details
    IPO Dates   29-09-2022 to 3-10-2022
    Face Value  Rs 10per share
    IPO Price    Rs 97-100 per share
    Lot             1200 Shares
    Issue Size  62,52,000 shares of Rs 10
    Issue           Rs 62.52 Cr)
    # Fresh Issue 62,52,000 shares of Rs 10/Rs 62.52 Cr
    # Offer for Sale – shares of Rs 10/ Rs – Cr
    Issue Type Book Built IPO
    Listing At NSE SME
    Objects of the IPO
    To meet Working Capital requirements

    Retail Offer: 50 % / 29,68,000 Shares
    RII Min. Application: 1,200 Shares, Rs. 1,20,200
    RII Max. Application: 1,200 Shares, Rs. 1,20,200
    2474 Applications required for onetime RII-subscriptions.

    Swastik Pipe IPO Timetable 
    IPO Opening Date: September 29, 2022
    IPO Closing Date: October 03, 2022
    Basis of Allotment: October 06, 2022
    Initiation of Refunds: October 07, 2022
    Credit of Shares to Demat A/cs: October 10, 2022
    IPO Listing Date: October 11, 2022

    Swastik Pipe Business:
    Will be updated soon

     

    For more information about the company, Click Website: www.swastikpipes.com

    Business Summary: 
    Promoters of Swastik Pipe

    MR. SANDEEP BANSAL, SMT. GEETA DEVI AGGARWAL, MRS. ANUPAMA BANSAL

    Registered office of Swastik Pipe
    2, Arihant Nagar, Punjabi Bagh (W), New Delhi 110026, India
    Company Secretary and Compliance Officer: Ms. Banani Sikdar

    Lead Manager of Swastik Pipe
    Corporate Capitalventures ltd
    Registrar to the IPO of Swastik Pipe
    SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

    SME IPO Financial & Analytical Ratios#
    Total Income 2019-20             Rs 28.02 Cr
    Total Income 2020-21             Rs 18.56 Cr
    Total Income 2021-22             Rs 20.86 Cr
    Net Profit 2019-20                  Rs (3.24) Cr
    Net Profit 2020-21                  Rs (3.03) Cr
    Net Profit 2021-22                  Rs (9.17) Cr
    Earnings per Share 2019-20   Rs (16.19)
    Earnings per Share 2020-21   Rs (15.15)
    Earnings per Share 2021-22   Rs (35.54)

    Return on Net Worth: 19-20: – %
    Return on Net Worth: 20-21: – %
    Return on Net Worth: 21-22: (67.86) % 

    Book Value of the Share as on 31.03.22 Rs 8.19
    NAV after the IPO Rs. 16.67
    Offer Price Rs. 40

    IPO Peer Comparison:
    There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.


    Observation
    by Paresh Gordhandas (Research Analyst)

    Will be updated soon

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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