Hariom Pipe Industries IPO Date, Lot Size and Price

Hariom Pipe Industries IPO Details: The Hariom Pipe Industries IPO date has been set. Hariom Pipe Industries IPO is coming in 30 March 2022 and closing date is 5 April 2022. A fresh offering of up to 8.5 million shares is part of the IPO. The company would raise roughly Rs 130 crore at the top of the price range. The funds will be utilized to cover capital expenditures as well as working capital needs.

According to Regulation 6(1) of the SEBI ICDR Regulations, not more than 30% of the Issue shall be available for allocation to Qualified Institutional Buyers, not less than 35% of the Issue shall be available for allocation to Non-Institutional Investors, and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders.

Hariom Pipe Industries IPO
Hariom Pipe Industries IPO

Hariom Pipe Industries IPO Details

Opening DateMar 30, 2022
Close DateApr 5, 2022
Price BandRs. 144 to Rs. 153 per equity share
Lot Size98 Shares
Issue Size (Rs. Cr.)8,500,000 Eq Shares of Rs. 10 (aggregating up to Rs. 130.05 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, SME
Fresh Issue8,500,000 Eq Shares of Rs. 10 (aggregating up to Rs. 130.05 Cr)
Retail Shares OfferedNot less than 35%
NII (HNI) Shares OfferedNot less than 35%
QIB Shares OfferedNot more than 30%
Basis of Allotment DateApr 8, 2022
Initiation of RefundsApr 11, 2022
Credit of Shares to Demat AccountApr 12, 2022
IPO Listing DateApr 13, 2022

Hariom Pipe Industries IPO Date

Hariom Pipe Industries plans to open its IPO on 30 March 2022 and will close on 5 April 2022. Harion Pipe Industries IPO’s face value is Rs. 10 per equity share. Hariom Pipe Industries Limited founded as ‘Hari Om Concast and Steels Private Limited’ on June 21, 2007, with the goal of providing high-quality steel products that meet or exceed client expectations.

Hariom Pipe Industries IPO Price

The Issue’s price band has been set at Rs 144 – Rs 153 per equity share. Investors can bid for as little as 98 equity shares and as many as 98 equity shares after that.

Eighty Hariom Pipe Industries IPO Lot Size

The IPO market lot size for Hariom Pipe Industries is 98 shares. Individual retail investors can apply for up to 13 lots (1274 shares or Rs. 194,922). The public offering included the sale of up to 85,00,000 equity shares of Hariom Pipe Industries.

Hariom Pipe Industries IPO Allotment Date and Listing Date

The allotment of shares will take place on April 8, 2022, and the reimbursement process for non-allotment will begin on April 11, 2022. On April 13, 2022, the issue will be listed on Indian stock exchanges. The proceeds from the offering will be used to fund capital expenditures as well as other working capital requirements.

About Hariom Pipe Industries IPO

Hariom Pipe Industries Limited, based in Hyderabad, Telangana, manufactures steel products and has a large distribution network in South India, according to a press release. The company is an integrated producer of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, Scaffolding, and Sponge Iron that serves customers in a variety of industries, including housing, infrastructure, agriculture, automotive, solar power, electricity, cement, mining, and engineering.

The extension of the furnace will ensure that basic raw materials, such as MS Billets, are available for the manufacturing of HR Strips. In its Pipe Mills, HR Strips are the primary raw material. The new electric melting furnace will also aid in the supply of HR strips for the company’s future pipe mills. As a result, the company’s product range has been backward integrated.

The Company’s EBIDTA margin for fiscal 2021 is 13.72 percent. For the six months ended September 30, 2021, total income and profit after tax were Rs. 201.16 crores and Rs. 12.87 crores, respectively.

Promoters of Hariom Pipe Industries IPO

Hariom Pipe Industries’s promoters are Rupesh Kumar Gupta and Sailesh Gupta. 


Hariom Pipe Industries IPO FAQs

What is Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO is a main-board IPO of 8,500,000 equity shares of the face value of Rs. 10 aggregating up to Rs. 130.05 Crores. The issue is priced at Rs. 144 to Rs. 153 per equity share. The minimum order quantity is 98 Shares.

When Hariom Pipe Industries IPO will open?

The Hariom Pipe Industries IPO opens on Mar 30, 2022 and closes on Apr 5, 2022.

What is the lot size of Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO lot size is 98 Shares and the minimum order quantity is 98 Shares.

How to apply for Hariom Pipe Industries IPO?

The Hariom Pipe Industries Initial Public Offering (IPO) may be applied for online using UPI or ASBA as a payment method. The ASBA IPO application may be accessed in the net banking section of your bank account. The UPI IPO application is provided by brokers who do not provide banking services.

When Hariom Pipe Industries IPO allotment?

The finalization of Basis of Allotment for Hariom Pipe Industries IPO will be done on 8 April, 2022, and the allotted shares will be credited to your demat account by 12 April, 2022.

When is Hariom Pipe Industries IPO listing date?

The Hariom Pipe Industries IPO listing date is not yet announced. The tentative date of Hariom Pipe Industries IPO listing is Apr 13, 2022.

Who is the registrar of Hariom Pipe Industries IPO?

Bigshare Services Pvt Ltd is the registrar for the IPO.

What is Hariom Pipe Industries IPO Price Band?

Hariom Pipe Industries IPO price band is Rs. 144 to Rs. 153 per equity share.