AIK PIPES AND POLYMERS (BSE SME)
December 26, 2023 – December 28, 2023
| Price | ₹89 - ₹89 |
| Premium | ₹5 |
|---|---|
| Lot size | 1600 |
| Allotment | Dec 29, 2023 |
| Listing | Jan 2, 2024 |
Live Rate
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Subscription
Last updated on 28 Dec 2023 | 07:02:43 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 801600 | 45144000 | 56.32 |
| Retail | 801600 | 24796800 | 30.93 |
| Total | 1603200 | 69940800 | 43.63 |
| HNI Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹6.73 | @8% ₹7.69 | @9% ₹8.65 | @10% ₹9.61 | @11% ₹10.57 | @12% ₹11.54 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 142400 | 501 |
| HNI | 2 | 3200 | 284800 | 501 |
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.
AIK Pipes And Polymers IPO Details
| Issue Size | 1,688,000 shares (aggregating up to ₹15.02 Cr) |
| Fresh Issue | 1,688,000 shares (aggregating up to ₹15.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,675,000 |
| Share holding post issue | 6,363,000 |
| Market Maker portion | 84,800 shares Shreni Shares |
AIK Pipes And Polymers IPO Reservation
AIK Pipes And Polymers IPO offers 1,688,000 shares. 801,600 (47.49%) to NII, 801,600 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 84,800 (5.02%) |
| Other Shares Offered | 801,600 (47.49%) |
| Retail Shares Offered | 801,600 (47.49%) |
| Shares Offered | 1,688,000 (100%) |
AIK Pipes And Polymers IPO Lead Manager(s)
- Shreni Shares Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 21.54 |
| Post P/E (x) | 13.88 |
| Market Cap (₹ Cr.) | 56.63 |
| ROE | 49.19% |
| ROCE | 17.90% |
| Debt/Equity | 0.96 |
| EPS (Rs) | 4.13 |
| RoNW | 33.50 |
Company Financials
AIK Pipes And Polymers Limited Financial Information (Restated)
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 | 30 Jun 2023 | Mar 2023 | Mar 2022 | 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 | 101.97 | 187.74 | 87.90 | 26.99 |
| Net Worth | 662.47 | 560.50 | 202.76 | 84.86 |
| Reserves | 194.97 | 433.00 | 132.76 | 44.86 |
| Borrowing | 429.91 | 538.09 | 432.17 | 382.88 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
AIK Pipes And Polymers Limited
F-9 Vinayak Enclave,
Vaishali Nagar
Jaipur 302021
Phone: +91-9672749800
Email: info@aikpipes.com
Website: https://www.aikpipes.com/