AIK Pipes And Polymers is scheduled to hit the market on December 26, 2023 and close on December 28, 2023. AIK Pipes And Polymers plans to raise around ₹15.02 Cr through an IPO with a sale of up to 1,688,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2017, AIK Pipes and Polymers Limited specializes in manufacturing a range of products including pipes, HDPE fittings, MDPE pipes, and PPR pipes. These products cater to various sectors such as water distribution, gas transmission, sewerage systems, and telecommunications. Operating from three leased manufacturing facilities located in Jaipur, Rajasthan, the company ensures consistent production quality
AIK Pipes and Polymers Limited has garnered approvals from esteemed institutions like the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, as well as major entities such as the Indian Oil Corporation and GAIL.
AIK Pipes And Polymer IPO Details
AIK Pipes And Polymers opens on Dec 26 , 2023, and closes on Dec 28 , 2023. The Listing date for AIK Pipes And Polymers IPO is on Jan 02, 2024. The price band for IPO is ₹89 per share and lot size of 1600 Shares.
| IPO Date | Dec 26 , 2023 to Dec 28, 2023 |
| Listing Date | Jan 02, 2024 |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹15.02 Cr |
| Face Value | ₹10 per share |
AIK Pipes And Polymers IPO Tentative Timetable
AIK Pipes And Polymers opening date is December 26, 2023 and close date is December 28, 2023. The IPO allotment date is December 29, 2023. The refund initiation of IPO is on January 1, 2024. The credit of shares in demat account is on January 1, 2024. The listing date is on January 2, 2024.
| Event | Date |
|---|---|
| IPO Opening | Dec 26, 2023 |
| IPO Closing | Dec 28, 2023 |
| IPO Allotment Date | Dec 29, 2023 |
| Refund Initiation | Jan 01, 2024 |
| Shares Credit to Demat | Jan 01, 2024 |
| Lisiting Date | Jan 02, 2024 |
AIK Pipes And Polymers IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹142,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹142,400 |
| Retail(Maximum) | 1 | 1600 | ₹142,400 |
| HNI (Minimum) | 2 | 3200 | ₹284,800 |
AIK Pipes And Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
AIK Pipes And Polymers IPO Review
Analyzing the company's financial trajectory showcases robust growth, with a notable 47.21% increase in revenue and a staggering 113.58% rise in profit after tax from FY 2022 to FY 2023. As of June 30, 2023, AIK Pipes And Polymers Limited reported a total income of Rs. 1400.42 lakhs and a profit after tax of Rs. 101.97 lakhs. The company's financial health is further highlighted by its current market capitalization of Rs 56.63 Cr and a P/E ratio of 21.54.
Being an ISO 9001:2015 certified entity, AIK Pipes And Polymers Limited stands as a testament to operational excellence. With a lean team of 23 employees as of June 30, 2023, the company has efficiently managed its resources to drive growth. The IPO proceeds, slated for working capital requirements, capital expenditure, and general corporate purposes, indicate the company's strategic intent to capitalize on emerging opportunities and fortify its market position.
Potential investors evaluating the AIK Pipes And Polymers Limited IPO should delve into the company's product portfolio, accreditation, financial performance, and growth prospects. Given the company's upward trajectory, it is essential to conduct a comprehensive due diligence, encompassing a thorough review of the IPO prospectus, market dynamics, and competitive landscape, to make informed investment decisions.
AIK Pipes And Polymers IPO Subscription Status (Bidding Details)
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AIK Pipes And Polymers IPO FAQs
What is AIK Pipes And Polymers IPO?
AIK Pipes And Polymers is issuing 1,688,000 equity shares with a face value of ₹10 each, totaling up to ₹15.02 Cr. The shares are being offered at a price of ₹89 each, with a minimum order quantity of 1600 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When AIK Pipes And Polymers IPO will open?
AIK Pipes And Polymers will open on December 26 , 2023 for QIB, NII, and Retail Investors.
When AIK Pipes And Polymers IPO will end?
AIK Pipes And Polymers will end on December 28, 2023.
What is AIK Pipes And Polymers IPO Size?
AIK Pipes And Polymers IPO size is ₹15.02 Cr.
What is AIK Pipes And Polymers IPO Price Band?
AIK Pipes And Polymers price band is ₹89 per share.
What is the AIK Pipes And Polymers IPO Allotment Date?
AIK Pipes And Polymers allotment date is December 29, 2023.
What is the AIK Pipes And Polymers IPO Listing Date?
AIK Pipes And Polymers listing date is January 2, 2024. The IPO is to be listed on BSE and NSE.
How to Apply AIK Pipes And Polymers IPO through Zerodha?
To apply for the IPO “AIK Pipes And Polymers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply AIK Pipes And Polymers IPO through Upstox?
To apply for the IPO “AIK Pipes And Polymers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check AIK Pipes And Polymers IPO Allotment Status?
For AIK Pipes And Polymers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is AIK Pipes And Polymers IPO GMP?
You can check out here: AIK Pipes And Polymers IPO GMP