AIK Pipes And Polymers Limited IPO
BSE SMEListed On: Jan 2, 2024 at ₹ 100.0
₹ 284800 /3200 Shares
*Min Investment
26 Dec, 2023
Open Date28 Dec, 2023
Close Date29 Dec, 2023
Allotment Date02 Jan, 2024
Listing DateAIK Pipes And Polymers Limited IPO Issue Details
- Issue Price ₹89 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 1,688,000 shares(aggregating up to ₹15.02 Cr)
- Listing at BSE SME
- List Price 100.0
- Listing Date 2024-01-02
- Lead Manager Shreni Shares Limited
- Registrar Skyline Financial Services Private Ltd
AIK Pipes And Polymers Limited IPO Details
- Retail Portion 50%
AIK Pipes And Polymers Limited IPO Details
AIK Pipes And Polymers Limited IPO is an SME IPO, priced at ₹89 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Dec 26, 2023 to Dec 28, 2023. The allotment is expected to be finalized on Dec 29, 2023, and the tentative listing date is Jan 2, 2024.
The registrar of the IPO is Skyline Financial Services Private Ltd, and
AIK Pipes And Polymers Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 8,01,600 | 8,01,600 | 1,603,200 |
Day 1 21-12-23 06:00 PM | 0.37 x | 2.00 x | 1.19 x |
Day 2 27-12-23 06:00 PM | 1.05 x | 6.39 x | 4.72 x |
Day 3 28-12-23 06:00 PM | 56.32 x | 30.93 x | 43.62 x |
AIK Pipes And Polymers Limited Valuations
AIK Pipes And Polymers Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,450.50 | 968.13 | 739.75 |
| Revenue | 3,077.92 | 2,090.84 | 1,020.54 |
| Profit After Tax | 187.74 | 87.90 | 26.99 |
About AIK Pipes And Polymers Limited Company
AIK Pipes and Polymers Limited manufactures pipes, HDPE fittings, MDPE pipes and PPR pipes for the water distribution, gas transmission, sewerage systems, and telecommunication sectors.
The company has 3 manufacturing facilities in Jaipur, Rajasthan which are operated on a lease basis.
The company has a competent team of engineers, technicians and operators who play an important role in the production and quality control of the products.
These products are approved by several authorities including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation and GAIL.
AIK Pipes is registered with the Government of Rajasthan as a supplier of water supply and sewerage management.
As of June 30, 2023, the company recorded a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs.
The company is an ISO 9001:2015 certified company. As of June 30, 2023, the company had 23 employees on its payroll.
AIK Pipes And Polymers Limited - Promoter(s)
Mr. Imran Khan
Ms. Tahira Sheikh
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.47%
AIK Pipes And Polymers Limited IPO - Issue Objectives
To Meet Working Capital Requirement
To Meet the Capital Expenditure
General Corporate Purpose
AIK Pipes And Polymers Limited IPO - FAQs
Ans. AIK Pipes And Polymers Limited IPO is a SME IPO. The issue is priced at ₹89 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Dec 26, 2023, and closes on Dec 28, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The AIK Pipes And Polymers Limited IPO opens on Dec 26, 2023 and closes on Dec 28, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of AIK Pipes And Polymers Limited IPO is 1,688,000 shares(aggregating up to ₹15.02 Cr).
Ans. The AIK Pipes And Polymers Limited IPO price band is set between ₹89 per equity share.
Ans. To apply for AIK Pipes And Polymers Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find AIK Pipes And Polymers Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of AIK Pipes And Polymers Limited IPO is Dec 29, 2023.
Ans. The AIK Pipes And Polymers Limited IPO will be listed on Jan 2, 2024.
Ans. Follow the steps to check the AIK Pipes And Polymers Limited IPO allotment status online.
