The New Swan Multitech IPO is a book-built issue with a total size of Rs 33.11 crores, consisting entirely of a fresh issue of 50.16 lakh shares. The subscription period for the IPO is from January 11, 2024, to January 15, 2024. The allotment is expected to be finalized on Tuesday, January 16, 2024, with the tentative listing date set for Thursday, January 18, 2024.
The price band for the New Swan Multitech IPO is fixed at ₹62 to ₹66 per share, and the minimum lot size for an application is 2000 shares. The minimum investment required by retail investors is ₹132,000, while the minimum lot size investment for High Net Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹264,000.
Hem Securities Limited and Share India Capital Services Private Limited are the book-running lead managers, and Bigshare Services Pvt Ltd is the registrar for the IPO.
**Key IPO Details:**
– IPO Date: January 11, 2024, to January 15, 2024
– Listing Date: To be announced
– Face Value: ₹10 per share
– Price Band: ₹62 to ₹66 per share
– Lot Size: 2000 Shares
– Total Issue Size: 5,016,000 shares (aggregating up to ₹33.11 Cr)
– Issue Type: Book Built Issue IPO
– Listing At: BSE SME
– Shareholding pre-issue: 14,000,240
– Shareholding post-issue: 19,016,240
**Reservation for Investors:**
– QIB Shares Offered: Not more than 50% of the Net Issue
– Retail Shares Offered: Not less than 35% of the Net Issue
– NII (HNI) Shares Offered: Not less than 15% of the Net Issue
**IPO Timeline (Tentative Schedule):**
– IPO Opens on: January 11, 2024
– IPO Closes on: January 15, 2024
– Basis of Allotment: January 16, 2024
– Initiation of Refunds: January 17, 2024
– Credit of Shares to Demat: January 17, 2024
– Listing Date: January 18, 2024
– Cut-off time for UPI mandate confirmation: 5 PM on January 15, 2024
**Lot Size:**
– Retail (Min): 1 lot (2000 shares), Amount: ₹132,000
– Retail (Max): 1 lot (2000 shares), Amount: ₹132,000
– HNI (Min): 2 lots (4000 shares), Amount: ₹264,000
**Promoter Holding:**
The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja, and Kanwardeep Singh, with a pre-issue shareholding of 100%.
**About New Swan Multitech Limited:**
Incorporated in 2014, New Swan Multitech specializes in manufacturing precision-engineered components and parts for the automotive industry and modern farming. The company’s product portfolio includes a wide range of components for two-wheelers and various brackets for the automotive sector. In the farming segment, New Swan Multitech produces agricultural implements such as rotovators, seeders, weeders, and more.
As of September 30, 2023, the company’s product portfolio comprises 300 SKUs of agricultural equipment and auto parts. The IPO proceeds will be utilized for capital expenditure, loan repayment, working capital requirements, and general corporate purposes.
**Financial Information (Restated):**
– Revenue (FY 2023): ₹15,142.17 lakhs
– Profit After Tax (PAT) (FY 2023): ₹991.93 lakhs
– Net Worth (FY 2023): ₹2,981.75 lakhs
**Key Performance Indicators:**
– P/E (x): 9.32
– ROE: 33.27%
– ROCE: 24.86%
– Debt/Equity: 1.31
– EPS (Rs): 7.09
– Return on Net Worth (RoNW): 33.27%
**Objectives of the Issue:**
The net proceeds from the IPO will be utilized for funding capital expenditure, loan repayment, working capital requirements, and general corporate purposes.
Investors are encouraged to refer to the detailed Draft Red Herring Prospectus (DRHP) for more comprehensive information about the New Swan Multitech IPO.
