The AIK Pipes and Polymers IPO date has been confirmed from December 26, 2023 and closes on December 28, 2023. Read the post to learn about AIK Pipes and Polymers IPO GMP.
Using an IPO, AIK Pipes and Polymers is seeking to raise Rs 15.02 crores. Its price is ₹ 89 per share. The minimal lot size for an operation is 1600 Shares. The minimal quantum of investment demanded by retail investors is ₹ 142,400. The minimal lot size investment for HNI is 2 lots( 3,200 shares) amounting to ₹ 284,800.
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Key Details Of AIK Pipes and Polymers IPO
Bidding Dates
December 26-28
Price Range
₹89 per share
Face Value
₹10 per share
GMP
₹5
AIK Pipes and Polymers IPO GMP
The AIK Pipes and Polymers Limited IPO GMP Today is ₹5.
AIK Pipes and Polymers IPO Overview
AIK Pipes And Polymers IPO is a Rs 15.02 crore fixed price allocation. The issue is a fully new issue of 16.88 lakh shares. AIK Pipes And Polymers ’ original public immolation (IPO) begins on December 26, 2023 and concludes on December 28, 2023. The AIK Pipes And Polymers IPO allotment is anticipated to be completed on Friday, December 29, 2023. AIK Pipes And Polymers IPO will be listed on BSE SME on Tuesday, January 2, 2024, with a primary table date of Tuesday, January 2, 2024.
The IPO price for AIK Pipes And Polymers is ₹ 89 per share. An operation requires a minimum lot size of 1600 Shares. Retail investors are demanded to make a minimal investment of ₹ 14,400. The minimal lot size for HNI is 2 lots( 3,200 shares) for a total investment of 284,800. The company has a total income ofRs.1400.42 lakhs and a structured profit after duty ofRs.101.97 lakhs as of June 30, 2023. The organization is ISO 90012015 certified. The company had 23 workers on the canon as of June 30, 2023.
AIK Pipes and Polymers IPO Details
| IPO Date | December 26, 2023 to December 28, 2023 |
| Listing Date | [.] |
| 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 |
| Share holding pre issue | 4,675,000 |
| Share holding post issue | 6,363,000 |
| Market Maker portion | 84,800 shares |
AIK Pipes And Polymers Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,638.56 | 1,450.50 | 968.13 | 739.75 |
| Revenue | 1,400.42 | 3,077.92 | 2,090.84 | 1,020.54 |
| Profit After Tax | 101.97 | 187.74 | 87.90 | 26.99 |
| Net Worth | 662.47 | 560.50 | 202.76 | 84.86 |
| Reserves and Surplus | 194.97 | 433.00 | 132.76 | 44.86 |
| Total Borrowing | 429.91 | 538.09 | 432.17 | 382.88 |
AIK Pipes And Polymers IPO Timeline
| IPO Open Date | Tuesday, December 26, 2023 |
| IPO Close Date | Thursday, December 28, 2023 |
| Basis of Allotment | Friday, December 29, 2023 |
| Initiation of Refunds | Monday, January 1, 2024 |
| Credit of Shares to Demat | Monday, January 1, 2024 |
| Listing Date | Tuesday, January 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 28, 2023 |
Company Profile
AIK Pipes and Polymers Limited, innovated in 2017, manufactures pipes, HDPE fittings, MDPE pipes and PPR pipes for the water distribution, gas transport, sewage systems and telecommunications assistance. The company operates three product installations on a parcel base in Jaipur, Rajasthan. The organization has a suitable platoon of masterminds, technicians, and drivers who play a vital part in product product and quality control. Several institutions, including the Bureau of Indian morals (BIS), the Central Institute of Petrochemicals
Engineering and Technology, Indian Oil Corporation, and GAIL, have certified these goods. AIK Pipes is a recognised supplier of water force and sewerage operation with the Government of Rajasthan.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | AIK Pipes And Polymers Limited |
| Phone number | +91-9672749800 |
| Email ID | [email protected] |
| Website | aikpipes.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
AIK Pipes and Polymers IPO FAQs
When AIK Pipes And Polymers IPO will open?
The AIK Pipes And Polymers IPO opens on December 26, 2023 and closes on December 28, 2023.
What is the lot size of AIK Pipes And Polymers IPO?
AIK Pipes And Polymers IPO lot size is 1600 Shares, and the minimum amount required is ₹142,400.
When is AIK Pipes And Polymers IPO listing date?
The AIK Pipes And Polymers IPO listing date is not yet announced. The tentative date of AIK Pipes And Polymers IPO listing is Tuesday, January 2, 2024.
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