New Swan Multitech IPO Review

 
New Swan Multitech IPO Review

IPO Open Date: January 11, 2024

IPO Close Date: January 15, 2024

IPO Price: ₹62 to ₹66 per share

Lot Size: 2000 Shares

Listing: January 18, 2024

New Swan Multitech is scheduled to hit the market on January 11, 2024 and close on January 15, 2024. New Swan Multitech plans to raise around ₹33.11 Cr through an IPO with a sale of up to 5,016,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Founded in 2014, New Swan Multitech Limited excels in crafting precision-engineered components tailored for two distinct sectors: automotive and contemporary agriculture.

For the automotive realm, the company offers an extensive range of products including assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, engine guard plates, rear brake arm assemblies, and various other essential parts for two-wheeler vehicles. Additionally, they specialize in designing and producing diverse brackets such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and brackets for passenger car air cleaner inlet hoses.

New Swan Multitech


New Swan Multitech IPO Details

New Swan Multitech IPO opens on Jan 11, 2024, and closes on Jan 15, 2024. The Listing date for New Swan Multitech IPO is on Jan 18, 2024. The price band for IPO is ₹62 to ₹66 per share and lot size of 2000 Shares.

IPO DateJan 11, 2024 to Jan 15, 2024
Listing DateJan 18, 2024
Price₹62 to ₹66 per share
Lot Size2000 Shares
Issue Size₹33.11 Cr
Face Value₹10 per share

New Swan Multitech IPO Tentative Timetable

New Swan Multitech opening date is January 11, 2024 and close date is January 15, 2024. The IPO allotment date is January 16, 2024. The refund initiation of IPO is on January 17, 2024. The credit of shares in demat account is on January 17, 2024. The listing date is on January 18, 2024.

EventDate
IPO OpeningJan 11, 2024
IPO ClosingJan 15, 2024
IPO Allotment DateJan 16, 2024
Refund InitiationJan 17, 2024
Shares Credit to DematJan 17, 2024
Lisiting DateJan 18, 2024

New Swan Multitech IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹132,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹132,000
Retail(Maximum)12000₹132,000
HNI (Minimum)24000₹264,000

New Swan Multitech IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

New Swan Multitech IPO Review

New Swan Multitech Limited boasts an expansive product portfolio, encompassing 300 SKUs of agricultural equipment and auto parts, demonstrating its versatility and adaptability in the market. The company's strategic positioning in the automotive sector is evident from its esteemed clientele, including giants like Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. Furthermore, its robust distribution network spans across 11 Indian states, reaching out to 200 dealers. This broad geographical footprint signifies the company's vast market reach and penetration across regions, including prominent agricultural states like Punjab, Rajasthan, and Haryana.

From a financial standpoint, FY 2023 showcased promising results for New Swan Multitech Limited. The company recorded an operating income of Rs. 15,116.04 lakhs. Comparatively, the financial year ending March 31, 2023, witnessed a 4.05% uptick in revenue and an impressive surge of 173.15% in profit after tax from the preceding fiscal year. Such commendable financial growth metrics are further substantiated by key performance indicators such as an ROE of 33.27%, ROCE of 24.86%, and an EPS of Rs. 7.09. However, it's noteworthy that the company's debt-equity ratio stands at 1.31, indicating a moderate level of leverage in its capital structure.

As New Swan Multitech Limited embarks on its IPO journey, the primary objective is to leverage the net proceeds efficiently to fuel its growth trajectory. The proposed utilization of funds encompasses vital areas such as capital expenditure for machinery procurement, aimed at enhancing operational efficiency at its existing manufacturing unit in Raian, Ludhiana. Additionally, a portion of the proceeds is earmarked for debt repayment, underlining the company's commitment to optimizing its financial structure. Moreover, the funds will be channeled towards addressing working capital requirements and general corporate purposes, ensuring sustained growth and market expansion initiatives are adequately funded.

New Swan Multitech IPO Subscription Status (Bidding Details)

Table not found

New Swan Multitech IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

New Swan Multitech IPO FAQs

What is New Swan Multitech IPO?

New Swan Multitech is issuing 5,016,000 equity shares with a face value of ₹10 each, totaling up to ₹33.11 Cr. The shares are being offered at a price of ₹62 to ₹66 each, with a minimum order quantity of 2000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When New Swan Multitech IPO will open?

New Swan Multitech will open on January 11, 2024 for QIB, NII, and Retail Investors.

When New Swan Multitech IPO will end?

New Swan Multitech will end on January 15, 2024.

What is New Swan Multitech IPO Size?

New Swan Multitech IPO size is ₹33.11 Cr.

What is New Swan Multitech IPO Price Band?

New Swan Multitech price band is ₹62 to ₹66 per share.

What is the New Swan Multitech IPO Allotment Date?

New Swan Multitech allotment date is January 16, 2024.

What is the New Swan Multitech IPO Listing Date?

New Swan Multitech listing date is January 18, 2024. The IPO is to be listed on BSE and NSE.

How to Apply New Swan Multitech IPO through Zerodha?

To apply for the IPO “New Swan Multitech” 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 New Swan Multitech IPO through Upstox?

To apply for the IPO “New Swan Multitech” 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 New Swan Multitech IPO Allotment Status?

For New Swan Multitech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is New Swan Multitech IPO GMP?

You can check out here: New Swan Multitech IPO GMP

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment