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SME IPO Status: Listed [26th Dec 2023 to 28th Dec 2023]
AIK Pipes And Polymers IPO, a SME IPO of ₹15.02 Cr was launced on 26-12-2023 to 28-12-2023 and the shares got listed on BSE SME on 02-01-2024.
The public issue of AIK Pipes And Polymers IPO (544072) was offered at ₹89.00 per share and the ipo was listed at ₹100. It has delivered listing gain of 12.36%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 17600 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Dec 2023 |
| SME IPO Issue Closing Date: | 28th Dec 2023 |
| SME IPO Issue Price: | ₹89.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹15.02 Cr |
| Fresh Issue: | ₹15.02 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.47% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544072 |
Get important updates regarding AIK Pipes And Polymers SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Dec 2023 |
| Refunds Initiation* | 1st Jan 2024 |
| Credit of Shares to Demat* | 1st Jan 2024 |
| SME IPO Listing Date* | 2nd Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹89.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹142400 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 02-01-2024 | 89.00 | 5 | 6100 | ₹94 (5.62%) | 2-Jan-2024 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
AIK Pipes And Polymers Limited Company was originally founded on September 19, 2017. The company has a well-equipped manufacturing facility. It has the latest technology and equipment that helps in manufacturing high-quality HDPE pipes in various sizes. The production facility is fully automated. The company also has a well-trained team of engineers, technicians and operators who help in product production and quality control. The products manufactured are approved by various authorities like the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation and GAIL.
The company has always endeavoured to offer its customers the best HDPE pipes. The company is a quality-oriented and innovative company with a wide, comprehensive and cost-effective range of HDPE products. It is constantly striving to expand its product range to meet the needs of the growing India.
The company is committed to constant innovation in drinking water pipes, irrigation and drainage to meet the ever-increasing demands. Their vision is to pave the way for a future that provides clean water for everyone, everywhere. AIK Pipes has a state-of-the-art manufacturing facility equipped with an advanced research and development laboratory to produce products of the highest quality. AIK Pipes successfully manufactures and markets its products under its brand name and is known for its commitment to quality and service.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Industrial Products | ₹15.02 Cr | https://www.aikpipes.com/ |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 801,600 (50%) | 801,600 (50%) | 1,603,200 | |
| 1 | 26th Dec 2023 18:09 | 0.37x | 2.00x | 1.19x |
| 2 | 27th Dec 2023 19:04 | 1.05x | 6.39x | 4.72x |
| 3 | 28th Dec 2023 19:04 | 52.17x | 30.93x | 43.57x |
AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,638.56 | 1,450.50 | 968.13 | 739.75 |
| Revenue | 1,400.42 | 3,077.92 | 2,090.84 | 1,020.54 |
| Profit After Tax | 101.97 | 187.74 | 87.90 | 26.99 |
| Net Worth | 662.47 | 560.50 | 202.76 | 84.86 |
| Reserves and Surplus | 194.97 | 433.00 | 132.76 | 44.86 |
| Total Borrowing | 429.91 | 538.09 | 432.17 | 382.88 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| AIK Pipes And Polymers Limited | 2.18 | 2.18 | 14.17 | 21.54 | 15.39 | Standalone |
| Rex Pipes & Cables Industries Limited | 4.21 | 4.21 | 26.69 | 16.67 | 15.75 | Standalone |
| Prince Pipes and Fittings Ltd | 10.98 | 10.98 | 12.34 | 64.75 | 8.86 | Standalone |
Last Updated on 06-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase AIK Pipes And Polymers SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply AIK Pipes And Polymers SME IPO with Zerodha.
Alternate approch to apply in AIK Pipes And Polymers SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
AIK Pipes And Polymers SME IPO Review and Important Updates
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To subscribe or apply in AIK Pipes And Polymers SME IPO, you can use the following methods:
| AIK Pipes And Polymers SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in AIK Pipes And Polymers SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in AIK Pipes And Polymers SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in AIK Pipes And Polymers SME IPO. Most of the Syndicate Banks provide access to apply in AIK Pipes And Polymers IPO via ASBA process. You must have your net banking access, DP ID information to apply in AIK Pipes And Polymers SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in AIK Pipes And Polymers SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
AIK Pipes And Polymers SME IPO Review and Important Updates
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AIK Pipes And Polymers SME IPO is going to be list on 02-01-2024. BSE Code for AIK Pipes And Polymers is 544072.
Other relevant questions:
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AIK Pipes And Polymers SME IPO Allotment Date is 29-12-2023.
Other relevant questions:
AIK Pipes And Polymers SME IPO share allotment date?AIK Pipes And Polymers SME IPO allotment date?
