AIK Pipes And Polymers Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 26 - Dec 28,2023
Price Band
₹89
Current GMP
₹100 (12.89%)
Subscription
43.57 times
IPO Details
| IPO Date | December 26, 2023 to December 28, 2023 |
| Listing Date | Tuesday, January 2, 2024 |
| Face Value | ₹10 per share |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Total 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 |
IPO Date
December 26, 2023 to December 28, 2023
Listing Date
Tuesday, January 2, 2024
Face Value
₹10 per share
Price
₹89 per share
Lot Size
1600 Shares
Total 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 52.17 |
| Retail Investors | 30.93 |
| Total ** | 43.57 |
Market Maker
1
Non-Institutional Buyers*
52.17
Retail Investors
30.93
Total **
43.57
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Dec 26, 2023 | 0.37 | 2.00 | 1.19 |
| Day 2 Dec 27, 2023 | 1.05 | 6.39 | 4.72 |
| Day 3 Dec 28, 2023 | 52.17 | 30.93 | 43.57 |
DayDay 1
Dec 26, 2023
NII*0.37
Retail2.00
Total1.19
DayDay 2
Dec 27, 2023
NII*1.05
Retail6.39
Total4.72
DayDay 3
Dec 28, 2023
NII*52.17
Retail30.93
Total43.57
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-01-2024 | 89.00 | 5 (5.62%) | 94 |
| 01-01-2024 | 89.00 | 5 (5.62%) | 94 |
| 31-12-2023 | 89.00 | 9 (10.11%) | 98 |
| 30-12-2023 | 89.00 | 9 (10.11%) | 98 |
| 29-12-2023 | 89.00 | 9 (10.11%) | 98 |
| 28-12-2023 | 89.00 | 9 (10.11%) | 98 |
| 27-12-2023 | 89.00 | 6 (6.74%) | 95 |
| 26-12-2023 | 89.00 | 0 (0%) | 89 |
| 25-12-2023 | 89.00 | 0 (0%) | 89 |
| 24-12-2023 | 89.00 | 0 (0%) | 89 |
| 23-12-2023 | 89.00 | 0 (0%) | 89 |
| 22-12-2023 | 89.00 | 0 (0%) | 89 |
| 21-12-2023 | 89.00 | 0 (0%) | 89 |
| 20-12-2023 | 89.00 | 0 (0%) | 89 |
Date02-01-2024
Price89.00
GMP5 (5.62%)
Estimate List Price94
Date01-01-2024
Price89.00
GMP5 (5.62%)
Estimate List Price94
Date31-12-2023
Price89.00
GMP9 (10.11%)
Estimate List Price98
Date30-12-2023
Price89.00
GMP9 (10.11%)
Estimate List Price98
Date29-12-2023
Price89.00
GMP9 (10.11%)
Estimate List Price98
Date28-12-2023
Price89.00
GMP9 (10.11%)
Estimate List Price98
Date27-12-2023
Price89.00
GMP6 (6.74%)
Estimate List Price95
Date26-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date25-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date24-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date23-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date22-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date21-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
Date20-12-2023
Price89.00
GMP0 (0%)
Estimate List Price89
IPO Important Dates
| IPO Open Date | Tuesday, December 26, 2023 |
| IPO Close Date | Thursday, December 28, 2023 |
| Basis of Allotment | Friday, December 29, 2023 |
| Initiation of Refunds | Monday, January 1, 2024 |
| Credit of Shares to Demat | Monday, January 1, 2024 |
| Listing Date | Tuesday, January 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 28, 2023 |
IPO Open Date
Tuesday, December 26, 2023
IPO Close Date
Thursday, December 28, 2023
Basis of Allotment
Friday, December 29, 2023
Initiation of Refunds
Monday, January 1, 2024
Credit of Shares to Demat
Monday, January 1, 2024
Listing Date
Tuesday, January 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 28, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| HNI (Min) | 2 | 3,200 | ₹284,800 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹142,400
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹142,400
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹284,800
Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,638.56 | 1,450.50 | 968.13 |
| Revenue | 1,400.42 | 3,077.92 | 2,090.84 |
| Profit After Tax | 101.97 | 187.74 | 87.90 |
| Net Worth | 662.47 | 560.50 | 202.76 |
| Reserves and Surplus | 194.97 | 433.00 | 132.76 |
| Total Borrowing | 429.91 | 538.09 | 432.17 |
Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 20231,638.56
31 Mar 20231,450.50
31 Mar 2022968.13
Period EndedRevenue
30 Jun 20231,400.42
31 Mar 20233,077.92
31 Mar 20222,090.84
Period EndedProfit After Tax
30 Jun 2023101.97
31 Mar 2023187.74
31 Mar 202287.90
Period EndedNet Worth
30 Jun 2023662.47
31 Mar 2023560.50
31 Mar 2022202.76
Period EndedReserves and Surplus
30 Jun 2023194.97
31 Mar 2023433.00
31 Mar 2022132.76
Period EndedTotal Borrowing
30 Jun 2023429.91
31 Mar 2023538.09
31 Mar 2022432.17
Key Performance Indicator
| 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 |
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
IPO Reservation
| 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%) |
| Total Shares Offered | 1,688,000 (100%) |
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%)
Total Shares Offered
1,688,000 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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