New Swan Multitech Limited IPO
- IPO Date11 Jan, 2024 to 15 Jan, 2024
- Listing Date18 Jan, 2024
- Face Value₹10 per share
- Issue Price₹62 to ₹66 per share
- Lot Size2000 Shares
- Minimum Investment₹1,32,000
- Listing AtBSE SME
- Total Issue Size50,16,000 Shares
(aggregating up to ₹33.11 Cr) - Fresh Issue50,16,000 Shares
(aggregating up to ₹33.11 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,40,00,240
- Shareholding post issue1,90,16,240
IPO Dates
Closing Date
15 Jan, 2024
Initiation of Refunds
17 Jan, 2024
Listing Date
18 Jan, 2024
11 Jan, 2024
Opening Date
16 Jan, 2024
Basis of Allotment
17 Jan, 2024
Credit of Shares
New Swan Multitech Limited Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹1,32,000 |
| Retail (Max) | 1 | 2000 | ₹1,32,000 |
| HNI (Min) | 2 | 4000 | ₹2,64,000 |
New Swan Multitech Limited Promoter Holding
The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.27% |
| ROCE | 24.86% |
| RoNW | 33.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.32 | 7.09 |
| P/E (x) | 9.32 | 7.09 |
New Swan Multitech Limited COMPANY INFORMATION
New Swan Multitech IPO is a book built issue of Rs 33.11 crores. The issue is entirely a fresh issue of 50.16 lakh shares. New Swan Multitech IPO opens for subscription on January 11, 2024 and closes on January 15, 2024. The allotment for the New Swan Multitech IPO is expected to be finalized on Tuesday, January 16, 2024. New Swan Multitech IPO will list on BSE SME with tentative listing date fixed as Thursday, January 18, 2024. New Swan Multitech IPO 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. Hem Securities Limited and Share India Capital Services Private Limited are the book running lead managers of the New Swan Multitech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to New Swan Multitech IPO DRHP for detailed information.
Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The company's product portfolio for the automotive industry includes 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 parts that are important for two-wheeler vehicles.
They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.
For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company's product portfolio comprises 300 SKUs of agricultural equipment and auto parts.
In the automotive industry, the company's customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.
In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.
FAQs About New Swan Multitech Limited Ipo
New Swan Multitech Limited IPO will open on 11 Jan, 2024 and close on 15 Jan, 2024. Investors must apply within this period to participate.
The New Swan Multitech Limited IPO price band is set between ₹62.00 and ₹66.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹132000.00.
The New Swan Multitech Limited IPO shares are expected to be listed on 18 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your New Swan Multitech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The New Swan Multitech Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.