The New Swan Multitech date are from January 11, 2024 and closes on January 15, 2024.
New Swan Multitech Developers IPO is a fixed price issue of Rs 33.11 crores. The price band is set at ₹62 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
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Bidding Dates
January 11-15
Price Range
₹62 to ₹66 per share
Face Value
₹10 per share
GMP
₹53
New Swan Multitech IPO GMP
The New Swan Multitech IPO GMP is ₹53.
IPO Overview
The New Swan Multitech IPO is a book-built offering worth Rs 33.11 crores. The issue is a completely new issue of 50.16 lakh shares. The subscription period for the new Swan Multitech IPO begins on January 11, 2024 and ends on January 15, 2024. The New Swan Multitech IPO allotment is expected to be completed on Tuesday, January 16, 2024. The new Swan Multitech IPO will be listed on the BSE SME on Thursday, January 18, 2024. The pricing range for the new Swan Multitech IPO is established at 62 to 66 cents per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹130,000. The minimum lot size for HNI is two lots (4,000 shares).
The company’s product line includes 300 SKUs of agricultural equipment and car parts as of September 30, 2023. Customers in the automotive industry include Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. The company, on the other hand, distributes its agricultural tools to 200 dealers in 11 Indian states, including Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra. The company’s operating income in FY 2023 was Rs. 15,116.04 lakhs.
New Swan Multitech IPO Details
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | [.] |
| 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) |
| Fresh Issue | 5,016,000 shares (aggregating up to ₹33.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,000,240 |
| Share holding post issue | 19,016,240 |
New Swan Multitech Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,876.43 | 12,348.80 | 11,769.68 |
| Revenue | 15,142.17 | 14,552.40 | 14,960.55 |
| Profit After Tax | 991.93 | 363.14 | 342.63 |
| Net Worth | 2,981.75 | 1,989.82 | 1,626.68 |
| Reserves and Surplus | 2,631.74 | 1,639.81 | 1,276.67 |
| Total Borrowing | 3,915.70 | 4,800.59 | 4,580.55 |
New Swan Multitech IPO Timeline
| IPO Open Date | Thursday, January 11, 2024 |
| IPO Close Date | Monday, January 15, 2024 |
| Basis of Allotment | Tuesday, January 16, 2024 |
| Initiation of Refunds | Wednesday, January 17, 2024 |
| Credit of Shares to Demat | Wednesday, January 17, 2024 |
| Listing Date | Thursday, January 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2024 |
Company Profile
New Swan Multitech Limited, founded in 2014, specialised in the production of precision-engineered components and parts for two industries: the automobile industry and contemporary farming. Assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other important two-wheeler vehicle parts are among the company’s product portfolio for the
automotive industry. They also develop and produce cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets. Rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertiliser spreaders, mulchers, puddlers, laser land levellers, disc ploughs, and many other agricultural instruments are manufactured by the company.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | New Swan Multitech Limited |
| Phone number | +91-161-4346000 |
| Email ID | cs@swanagro.in |
| Website | swanagro.in |
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.
