The AIK Pipes and Polymers IPO date has been confirmed from December 26, 2023 and closes on December 28, 2023.
Using an IPO, AIK Pipes and Polymers is seeking to raise Rs 15.02 crores. Its price is ₹89 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹142,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹284,800.
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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 is ₹5.
IPO Overview
AIK Pipes And Polymers IPO is a Rs 15.02 crore fixed price issuance. The issue is a completely new issue of 16.88 lakh shares. AIK Pipes And Polymers’ initial public offering (IPO) begins on December 26, 2023 and concludes on December 28, 2023. The AIK Pipes And Polymers IPO allotment is expected 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 preliminary listing date of Tuesday, January 2, 2024.
The IPO price for AIK Pipes And Polymers is ₹89 per share. An application requires a minimum lot size of 1600 Shares. Retail investors are required to make a minimum investment of ₹14,400. The minimum lot size for HNI is 2 lots (3,200 shares) for a total investment of 284,800. The company has a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs as of June 30, 2023. The organisation is ISO 9001:2015 certified. The company had 23 employees on the roster 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, founded in 2017, manufactures pipes, HDPE fittings, MDPE pipes and PPR pipes for the water distribution, gas transport, sewage systems and telecommunications industries. The company operates three production facilities on a lease basis in Jaipur, Rajasthan. The organisation has a capable team of engineers, technicians, and operators who play a vital part in product production and quality control. Several institutions, including the Bureau of Indian Standards (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 supply and sewerage management with the Government of Rajasthan.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | AIK Pipes And Polymers Limited |
| Phone number | +91-9672749800 |
| Email ID | info@aikpipes.com |
| Website | aikpipes.com |
IPO Strenghts
- 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.
