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Aik Pipes & Polymers Ltd

Plastic products

Offer Period :

26th to 28th Dec 2023

Aik Pipes & Polymers Ltd IPO Details

IPO Date 26th to 28th Dec 2023 Minimum Investment ₹142400 / 1 Lots
Listing Date 2024-01-02 Maximum Investment ₹142400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹15.02 Crores
Price ₹89 to ₹89 per share Fresh Issue ₹15.02 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 4675000 Shares
Issue Type Fixed Price - SME Shareholding Post Issue 6363000 Shares
IPO Date 26th to 28th Dec 2023
Listing Date 2024-01-02
Face Value ₹10 per share
Price ₹89 to ₹89 per share
Lot Size 1 Lots (1600 Shares)
Listing At BSE-SME
Total Issue Size ₹15.02 Crores
Employee Discount ₹0 per share
Issue Type Fixed Price - SME
Minimum Investment ₹142400 / 1 Lots
Maximum Investment ₹142400 / 1 Lots
Fresh Issue ₹15.02 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 4675000 Shares
Shareholding Post Issue 6363000 Shares

About Aik Pipes & Polymers Ltd IPO

Founding Head: 2017

Managing Director: Imran Khan

Aik Pipes and Polymers Limited Timeline

Important dates for allocation and IPO listing.

26th Dec

IPO Opens

28th Dec

IPO Close

29th Dec

Allotment Date

1st Jan

Initiation of Refund

1st Jan

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 83.1 61.06
Public Group 16.9 38.94

Aik Pipes & Polymers Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 801600(47.49%)
Retail Shares Offered 801600(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1688000
Total Shares With Anchor Investor 1688000

Aik Pipes & Polymers Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹0
Retail (Max) 0 0 ₹0
S HNI (Min) 1 1600 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 1600 ₹0

Aik Pipes & Polymers Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Aik Pipes & Polymers Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number 011-40450193-197
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Aik Pipes & Polymers Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Aik Pipes & Polymers Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹21.92 ₹5.6 ₹2.03
Reserves and Surplus ₹15.56 ₹4.33 ₹1.33
Total Borrowing ₹5.1 ₹5.38 ₹4.32

Aik Pipes & Polymers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 3240000 0
Non Institutional Investors (NIIs) 0 41904000 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 24796800 0
Total 0 69940800 41.4341

Strength of Aik Pipes & Polymers Ltd

1. Customer satisfaction and revenues from long standing customer relationships.

2. Experienced Promoter and Management Expertise.

3. Scalable Business Model.

4. Cost effective production and timely fulfillment of orders.

5. Existing relationship with suppliers.

6. Quality Assurance and Standards.

Risks Involved

1. Any increase in the cost of the company raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of the products and have an adverse effect on the business, results of operations and financial condition.

2. Any loss of or breakdown of the company machineries, at any of its manufacturing facility may have an adverse effect on business, financial condition and results of operations.

3. Any inability on the company part to maintain quality standards could adversely impact its business, results of operations and financial condition.

4. The company manufacturing activities are dependent upon availability of skilled and unskilled labour.

5. In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the business.

6. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

7. The company top ten customers contribute majority of its revenues from operations. Any loss of business from one or more of them may adversely affect the company revenues and profitability.

8. The company top ten suppliers contribute majority of its purchases. Any loss of business with one or more of them may adversely affect of the business operations and profitability.

9. Intense competition in the market of Pipes Industry could affect the company pricing, which could reduce its share of business from clients and decrease of the revenues and profitability.

10. There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Why should you invest in

-

Aik Pipes & Polymers Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Aik Pipes and Polymers Limited IPO Contact Details

Aik Pipes & Polymers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-01-02 544072 -
INE0QFT01015
₹89 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹89 ₹89
Open ₹100 ₹0
Low ₹100 ₹0
High ₹105 ₹0
Low ₹100 ₹0

Frequently Asked Questions

What is Aik Pipes & Polymers Ltd IPO?

Answer Field

Aik Pipes & Polymers Ltd IPO is a SME IPO of 16,88,000 equity shares of a face value of ₹10 aggregating up to ₹15.02 Crores. The issue is priced at ₹89 to ₹89 per share. The minimum order quantity is 1600 Shares. The IPO opens on December 26, 2023, and closes on December 28, 2023. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Aik Pipes & Polymers Ltd IPO will open?

Answer Field

The Aik Pipes & Polymers Ltd IPO opens on December 26, 2023 and closes on December 28, 2023.

What is the lot size of Aik Pipes & Polymers Ltd?

Answer Field

Aik Pipes & Polymers Ltd lot size is 1600 shares, and the minimum amount required is ₹1,42,400.

How to apply for Aik Pipes & Polymers Ltd IPO?

Answer Field

You can apply in Aik Pipes & Polymers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Aik Pipes & Polymers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Aik Pipes & Polymers Ltd IPO will be done on December 29, 2023, and the allotted shares will be credited to your demat account by January 01, 2024.

When is Aik Pipes & Polymers Ltd IPO listing date?

Answer Field

The Aik Pipes & Polymers Ltd listing date is January 02, 2024.

Who is the registrar of Aik Pipes & Polymers Ltd IPO?

Answer Field

The registrar of Aik Pipes & Polymers Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Aik Pipes & Polymers Ltd IPO?

Answer Field

The fresh issue size is ₹15.02 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Aik Pipes & Polymers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,42,400 amount.

How can I approve the UPI mandate request for Aik Pipes & Polymers Ltd IPO?

Answer Field

To apply for Aik Pipes & Polymers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Aik Pipes & Polymers Ltd?

Answer Field

The price of each Aik Pipes & Polymers Ltd share will be ranging in between ₹89 to ₹89 per share.

What is the cut-off time for the UPI mandate for Aik Pipes & Polymers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 28, 2023.

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