AIK Pipes And Polymers Limited IPO
- IPO Date26 Dec, 2023 to 28 Dec, 2023
- Listing Date02 Jan, 2024
- Face Value₹10 per share
- Issue Price₹89 to ₹89 per share
- Lot Size1600 Shares
- Minimum Investment₹1,42,400
- Listing AtBSE SME
- Total Issue Size16,88,000 Shares
(aggregating up to ₹15.02 Cr) - Fresh Issue16,88,000 Shares
(aggregating up to ₹15.02 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue46,75,000
- Shareholding post issue63,63,000
IPO Dates
Closing Date
28 Dec, 2023
Initiation of Refunds
01 Jan, 2024
Listing Date
02 Jan, 2024
26 Dec, 2023
Opening Date
29 Dec, 2023
Basis of Allotment
01 Jan, 2024
Credit of Shares
AIK Pipes And Polymers Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,42,400 |
| Retail (Max) | 1 | 1600 | ₹1,42,400 |
| HNI (Min) | 2 | 3200 | ₹2,84,800 |
AIK Pipes And Polymers Limited Promoter Holding
The promoters of the company are Mr. Imran Khan and Ms. Tahira Sheikh
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.47% |
Key Performance Indicator
AIK Pipes And Polymers IPO Market Cap is Rs 56.63 Cr and P/E (x) is 21.54.
| KPI | Values |
|---|---|
| ROE | 49.19% |
| ROCE | 17.9% |
| RoNW | 33.5% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 21.54 | 4.13 |
| P/E (x) | 21.54 | 4.13 |
AIK Pipes And Polymers Limited COMPANY INFORMATION
AIK Pipes And Polymers IPO is a fixed price issue of Rs 15.02 crores. The issue is entirely a fresh issue of 16.88 lakh shares. AIK Pipes And Polymers IPO bidding started from December 26, 2023 and ended on December 28, 2023. The allotment for AIK Pipes And Polymers IPO was finalized on Friday, December 29, 2023. AIK Pipes And Polymers IPO will list on BSE SME with tentative listing date fixed as Tuesday, January 2, 2024. AIK Pipes And Polymers IPO 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. Shreni Shares Limited is the book running lead manager of the AIK Pipes And Polymers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for AIK Pipes And Polymers IPO is Shreni Shares. Refer to AIK Pipes And Polymers IPO RHP for detailed information.
Founded in 2017, 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.
FAQs About Aik Pipes And Polymers Limited Ipo
AIK Pipes And Polymers Limited IPO will open on 26 Dec, 2023 and close on 28 Dec, 2023. Investors must apply within this period to participate.
The AIK Pipes And Polymers Limited IPO price band is set between ₹89.00 and ₹89.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹142400.00.
The AIK Pipes And Polymers Limited IPO shares are expected to be listed on 02 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your AIK Pipes And Polymers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The AIK Pipes And Polymers Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.