The New Swan Multitech date is January 11, 2024, and closes on January 15, 2024. Read the post to learn about New Swan Multitech IPO GMP.
The New Swan Multitech Developers initial public offering (IPO) is priced at Rs 33.11 crores. The share price range is fixed at ₹62 to ₹66. The New Swan Multitech IPO GMP is ₹53. An application must have a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹132,000. HNI requires a minimum lot size investment of two lots, or 4,000 shares, totalling ₹264,000.
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Key Details Of New Swan Multitech IPO:
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 Today is ₹53.
New Swan Multitech IPO Overview
The New Swan Multitech IPO is a book-built offering of Rs 33.11 crore. The issue is entirely fresh, with 50.16 lakh shares issued. The subscription period for the new Swan Multitech IPO starts on January 11, 2024, and closes on January 15, 2024. The New Swan Multitech IPO allotment is scheduled to be completed on Tuesday, January 16, 2024. The new Swan Multitech IPO will debut on the BSE SME on Thursday, January 18, 2024. The upcoming Swan Multitech IPO ranges from 62 to 66 cents per share. The New Swan Multitech IPO GMP Today is ₹53. An application requires a large size of 2000 shares. Retail investors must commit a minimum of ₹130,000. Retail investors must make a minimum commitment of ₹130,000. The minimum lot size for HNI is two lots (4,000 shares).
As of September 30, 2023, the company’s product portfolio included 300 auto and agricultural equipment parts SKUs. Customers in the automotive sector include Mahindra & Mahindra, MG Motors, Honda Motorcycle, and Scooter India. Conversely, the company supplies 200 dealers across 11 Indian states, Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra with its agricultural tools. Operating income for the company 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, established in 2014, manufactures precision-engineered components and parts for automobiles and modern farming. The company’s product portfolio includes 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
the automobile sector. In addition, they design and manufacture fuse block brackets, floor panel brackets, exhaust tailpipe brackets, cooling recovery reservoir brackets, and passenger car air cleaner inlet hose brackets. The company manufactures various agricultural equipment, including rotavators, disc ploughs, laser land levellers, super seeders, weeders, potato planters, potato diggers, mulchers, and fertiliser spreaders.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | New Swan Multitech Limited |
| Phone number | +91-161-4346000 |
| Email ID | [email protected] |
| Website | swanagro.in |
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.
- We must adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
New Swan Multitech IPO FAQs
When New Swan Multitech IPO will open?
The New Swan Multitech IPO opens on January 11, 2024 and closes on January 15, 2024.
What is the lot size of New Swan Multitech IPO?
New Swan Multitech IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
When is New Swan Multitech IPO allotment?
The finalization of Basis of Allotment for New Swan Multitech IPO will be done on Tuesday, January 16, 2024, and the allotted shares will be credited to your demat account by Wednesday, January 17, 2024.
When is New Swan Multitech IPO listing date?
The New Swan Multitech IPO listing date is not yet announced. The tentative date of New Swan Multitech IPO listing is Thursday, January 18, 2024.
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