AIK Pipes And Polymers Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(5.62%)
Premium (ELP)
The public market debut of AIK Pipes And Polymers Limited's was completed on Jan 02, 2024 with its listing on the BSE exchange. The IPO process raised 16,88,000 Shares in total capital, consisting of 16,88,000 Shares in new equity.
The offering featured a price range of ₹89 to ₹89 and minimum application size of 1600 shares. Investor response during the subscription period from Dec 26, 2023 to Dec 28, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Dec 29, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
AIK Pipes and Polymers Limited, established in 2017, manufactures pipes and fittings used in water distribution, gas transmission, sewerage systems and telecom applications. The company produces HDPE fittings, MDPE pipes and PPR pipes, and operates three leased manufacturing facilities in Jaipur, Rajasthan. AIK has a skilled team of engineers and technicians to maintain production quality, and its products are approved by BIS, CIPET, Indian Oil Corporation and GAIL. The company is also registered with the Government of Rajasthan as a supplier of water and sewer management solutions. In FY23 (till June 30, 2023), AIK reported income of ₹1400.42 lakh and profit of ₹101.97 lakh, and employed 23 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Imran Khan
- Ms. Tahira Sheikh
AIK Pipes And Polymers Limited
Skyline Financial Services Private Ltd