Swastik Pipe Limited
IPO Details
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Swastik Pipe Limited's completed its IPO journey with a successful listing on NSE on Oct 11, 2022. The public offering mobilized 62,52,000 Shares in total capital, comprising 62,52,000 Shares in fresh equity.
The offering was conducted within the price band of ₹100 to ₹100, with minimum application lots of 1200 shares. Investor participation during the Sep 29, 2022 to Oct 03, 2022 subscription window determined the final allocation pattern.
The basis of allotment was announced on Oct 07, 2022, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
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.
Incorporated in 1973, Swastik Pipe Limited is a manufacturer and exporter of Mild Steel/Carbon Steel ERW black and galvanized pipes, hollow steel pipes, API pipes, stainless steel tubes, cold-rolled steel strips/coils, swaged tubular poles, and solar structures. The company operates two plants—Unit 1 in Bahadurgarh, Haryana, and Unit 2 in Kotwan, Mathura, Uttar Pradesh—with a combined installed capacity of 2,01,250 MT. Swastik Pipe has diversified into producing solar module mounting structures, transmission towers, steel tubular poles, and specialized solar poles for railways, scaffolding, and formwork. Serving heavy engineering industries in India and abroad, its key customers include HPSCSC Shimla, Emanate Pipe Private Limited, Vindhya Telelinks Limited, Harsh Steel Pipes, and Super Star Steels Pvt. Ltd.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Sandeep Bansal
- Smt. Geeta Devi Aggarwal
- Mrs. Anupama Bansal
- Mr. Shashwat Bansal
Swastik Pipe Limited
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