AIK Pipes And Polymers Limited is set to launch its IPO, a fixed-price issue of Rs 15.02 crores, consisting entirely of a fresh issue of 16.88 lakh shares. The subscription period for the IPO is from December 26, 2023, to December 28, 2023, with the allotment expected to be finalized on December 29, 2023. The listing on BSE SME is anticipated on January 2, 2024.
The IPO price is set at ₹89 per share, with a minimum lot size of 1600 shares, requiring a minimum investment of ₹142,400 for retail investors. HNI investors are required to invest a minimum of 2 lots (3,200 shares), amounting to ₹284,800.
Shreni Shares Limited serves as the book running lead manager, while Skyline Financial Services Private Ltd acts as the registrar for the issue. Shreni Shares is the market maker for AIK Pipes And Polymers IPO.
Key IPO Details:
– IPO Date: December 26, 2023, to December 28, 2023
– Listing Date: [Not specified]
– Face Value: ₹10 per share
– Price: ₹89 per share
– Lot Size: 1600 Shares
– Total Issue Size: 1,688,000 shares (aggregating up to ₹15.02 Cr)
– Fresh Issue: 1,688,000 shares (aggregating up to ₹15.02 Cr)
– Issue Type: Fixed Price Issue IPO
– Listing At: BSE SME
– Shareholding pre-issue: 100%
– Shareholding post-issue: 73.47%
About AIK Pipes And Polymers Limited:
Established in 2017, AIK Pipes and Polymers Limited specializes in manufacturing pipes, HDPE fittings, MDPE pipes, and PPR pipes for various applications such as water distribution, gas transmission, sewerage systems, and the telecom sector. The company boasts a fully automated manufacturing facility and is ISO 9001:2015 certified.
As of June 30, 2023, AIK Pipes reported a total income of Rs. 1400.42 Lakhs and a restated profit after tax of Rs. 101.97 Lakhs. The company has experienced substantial revenue and profit growth between the financial years ending March 31, 2022, and March 31, 2023.
Key Financial Information (Restated):
– Revenue (30 Jun 2023): ₹1,400.42 Lakhs
– Profit After Tax (30 Jun 2023): ₹101.97 Lakhs
– Net Worth (30 Jun 2023): ₹662.47 Lakhs
Key Performance Indicators:
– P/E (x): 21.54
– ROE: 49.19%
– ROCE: 17.90%
– Debt/Equity: 0.96
– EPS (Rs): 4.13
– RoNW: 33.50%
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized for working capital requirements, capital expenditure, and general corporate purposes.
For further details, interested investors can refer to AIK Pipes And Polymers IPO DRHP and RHP.
