AIK Pipes And Polymers Limited IPO

BSE SME

Listed On: Jan 2, 2024 at ₹ 100.0

₹ 142400 /1600 Shares

Check Allotment

AIK Pipes And Polymers Limited IPO Details

26 Dec, 2023

Open Date

28 Dec, 2023

Close Date

29 Dec, 2023

Allotment Date

02 Jan, 2024

Listing Date

Issue Price

₹89 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

100.0

Listing Date

2024-01-02

Market Lot

1600 Shares (₹142,400/-)

Lead Manager

Shreni Shares Limited

Issue Size

1,688,000 shares(aggregating up to ₹15.02 Cr)

Retail Portion

50%

Subscription

43.62 times

IPO Docs

DRHP RHP

AIK Pipes And Polymers Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	8,01,600	8,01,600	1,603,200
Day 1 - 21-12-23 06:00 PM	0.37 x	2.00 x	1.19 x
Day 2 - 27-12-23 06:00 PM	1.05 x	6.39 x	4.72 x
Day 3 - 28-12-23 06:00 PM	56.32 x	30.93 x	43.62 x

AIK Pipes And Polymers Limited Valuations

Earnings Per Share (EPS)

₹4.13/-

P/E Ratio

21.54

RoNW

33.50%

Net Asset Value (NAV) - Post Issue

₹N/A/-

AIK Pipes And Polymers Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	1,450.50	968.13	739.75
Revenue	3,077.92	2,090.84	1,020.54
Profit After Tax	187.74	87.90	26.99

About The Company

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 Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.47%

Company Promoter(s)

Mr. Imran Khan
Ms. Tahira Sheikh

AIK Pipes And Polymers Limited IPO - Issue Objectives

To Meet Working Capital Requirement
To Meet the Capital Expenditure
General Corporate Purpose

AIK Pipes And Polymers Limited IPO - FAQs

Ans. AIK Pipes And Polymers Limited IPO is a SME IPO. The issue is priced at ₹89 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Dec 26, 2023, and closes on Dec 28, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The AIK Pipes And Polymers Limited IPO opens on Dec 26, 2023 and closes on Dec 28, 2023.

Ans. The size of AIK Pipes And Polymers Limited IPO is 1,688,000 shares(aggregating up to ₹15.02 Cr).

Ans. The IPO price band is set between ₹89 per equity share.

Ans. To apply for AIK Pipes And Polymers Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find AIK Pipes And Polymers Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of AIK Pipes And Polymers Limited IPO is Dec 29, 2023.

Ans. The AIK Pipes And Polymers Limited IPO will be listed on Jan 2, 2024.

Ans. Follow the steps to check the allotment status for AIK Pipes And Polymers Limited IPO here.