AIK Pipes & Polymers Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Dec 2023

Close Date

28 Dec 2023

Allotment

29 Dec 2023

Listing Date

02 Jan 2024

Exchange

BSE SME

Price Band

₹89

Listing Price

See chart

Allotment Status

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Price Band

₹89

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

16,88,000 shares (aggregating up to ₹15.02 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹142,400

1 lot

Pre-IPO Holding

46,75,000 shares

Promoters

Post-IPO Holding

63,63,000 shares

Promoters

P/E (Pre)

21.54x

P/E (Post)

13.88x

EPS (Pre)

₹4.13

UPI Deadline

2023-12-28

Mandate

Anchor AllotmentMon, 25 Dec 2023

Basis of AllotmentFri, 29 Dec 2023

Refund InitiationMon, 01 Jan 2024

Demat CreditMon, 01 Jan 2024

Listing DayTue, 02 Jan 2024

UPI Mandate Deadline2023-12-28

Sale TypeFresh Capital

Net Offer to Public16,03,200 shares (aggregating up to ₹14.27 Cr)

Market Maker Quota84,800 shares (aggregating up to ₹0.7547 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

AIK Pipes & Polymers Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Dec 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	84,800	—	₹0.75
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,688,000	100%	₹15.02

IPO Shares Offered

AIK Pipes & Polymers Ltd IPO total issue size: ₹15.02 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	84,800	₹0.75	5.02%
Total	1,688,000	₹15.02	100.00%

* Based on upper price band ₹89 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹89.00

Upper Band

Min Investment

₹142,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹284,800
Retail (Max — 13 Lots)	13	20,800	₹1,851,200
S-HNI (Min — 14 Lots)	14	22,400	₹1,993,600
B-HNI (Min — 68 Lots)	68	108,800	₹9,683,200

* Issue Price ₹89 × Lot Size 1,600 shares

IPO Schedule

Anchor

25 Dec 2023

✓ Done

IPO Open

26 Dec 2023

✓ Done

IPO Close

28 Dec 2023

✓ Done

Allotment

29 Dec 2023

✓ Done

Refunds

01 Jan 2024

✓ Done

Demat Credit

01 Jan 2024

✓ Done

Listing Day

02 Jan 2024

✓ Done

₹89.00

INR · BSE

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Issue ₹89.00 Live Price

About AIK Pipes & Polymers Ltd

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.

Objects of the Issue

To Meet Working Capital Requirement

To Meet the Capital Expenditure

General Corporate Purpose

AIK Pipes & Polymers Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,090.8

31 Mar 2022

₹3,077.9

31 Mar 2023

₹1,400.4

30 Jun 2023

Profit After Tax (PAT)

₹87.9

31 Mar 2022

₹187.7

31 Mar 2023

₹102.0

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	1400.42	3077.92	2090.84
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	101.97	187.74	87.90
Net Worth	662.47	560.50	202.76
Total Assets	1638.56	1450.50	968.13
Reserves & Surplus	194.97	433.00	132.76
Borrowings	429.91	538.09	432.17
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

49.19%

RoCE

17.90%

RoNW

33.50

Debt/Equity

0.96

Issue Structure & Shareholding

Total Shares Offered16,88,000 (100.00%)

Net Offer to Public16,03,200 shares (aggregating up to ₹14.27 Cr)

Reserved for Market Maker84,800 shares (aggregating up to ₹0.7547 Cr)

Pre-Issue Promoter Holding46,75,000 shares

Post-Issue Promoter Holding63,63,000 shares

P/BV RatioN/A

RoE49.19%

RoCE17.90%

Debt / Equity0.96

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much AIK Pipes & Polymers Ltd IPO subscribed? ▲

AIK Pipes & Polymers Ltd IPO is subscribed 1.00 times by Dec 28, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is AIK Pipes & Polymers Ltd IPO retail subscription status? ▼

The AIK Pipes & Polymers Ltd IPO retail category is subscribed 1.00 times as of 28 Dec 2023. The retail portion is oversubscribed.

How to subscribe AIK Pipes & Polymers Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Dec 2023 and closes 28 Dec 2023. Min investment: ₹142,400 (1 lot = 1,600 shares). UPI mandate: 2023-12-28.

How many times AIK Pipes & Polymers Ltd IPO subscribed? ▼

The AIK Pipes & Polymers Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check AIK Pipes & Polymers Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Dec 2023. Refunds: on 01 Jan 2024.

When AIK Pipes & Polymers Ltd IPO will be listed? ▼

The AIK Pipes & Polymers Ltd IPO listing date is 02 Jan 2024, Tuesday. Listed on: BSE SME. Issue price: ₹89. Estimated listing: ₹89. GMP: NIL.

When AIK Pipes & Polymers Ltd IPO close? ▼

The AIK Pipes & Polymers Ltd IPO closes on 28 Dec 2023, Thursday. UPI mandate: 2023-12-28. Allotment: 29 Dec 2023. Listing: 02 Jan 2024.

Quick Actions

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Live Price LIVE

Last Price₹89.00

Change—

Issue Price₹89.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹89

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹142,400

GMPNIL

Est. Listing₹89

Subscribed1.00x

Open Date26 Dec 2023

Close Date28 Dec 2023

Allotment29 Dec 2023

Listing Date02 Jan 2024

ExchangeBSE SME

UPI Deadline2023-12-28