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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹15.02 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹15.02 Cr |
| Fresh Issue | ₹14.27 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹89.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544072 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure | 1.03 |
| 2 | To Meet Working Capital Requirement | 9.00 |
| 3 | General Corporate Expense | 2.99 |
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 16.39 | 14.51 | 9.68 | 7.40 |
| Total Income | 14.00 | 30.78 | 20.91 | 10.21 |
| Profit After Tax | 1.02 | 1.88 | 0.88 | 0.27 |
| NET Worth | 6.62 | 5.61 | 2.03 | 0.85 |
| Reserves and Surplus | 1.95 | 4.33 | 1.33 | 0.45 |
| Total Borrowing | 4.30 | 5.38 | 4.32 | 3.83 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 49.19% |
| ROCE | 17.90% |
| Debt / Equity | 0.96% |
| RoNW | 33.50% |
| PAT Margin | 6.16% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.13 | |
| P/E (x) | 21.54 | 13.88 |
| Promoter Holding | 100% | 73.47% |
| Market Cap | ₹56.63 Cr. | |
