Hyderabad based pipe manufacturing & distribution company Hariom Pipe Industries Limited is all set for its IPO opening on 30th March 2022. It is a part of Hariom Group of companies. The company started its operation in 1962. They are into manufacturing and distribution of all types of pipe/ tubes. They focus on all segments needs such as engineering, agriculture, housing, automotive and mining etc. They have their flagship brand ‘Hariom Pipes’ and enjoy quite strong in presence in south India especially in AP & TG. Company has strong dealership network of 200+ across India.
The details of the IPO are as below:
- Issue size – Rs. 130/- Crores
- Issue period – Between 30th March to 5th April 2022
- Price band – Rs. 144/- to Rs. 153/-
- Face value – Rs. 10/- per equity share
- Lot size for bidding – minimum 1 lot of 98 shares. Single retail investor can apply maximum of 13 lots.
- Listing at exchanges – BSE & NSE
- Tentative allotment date – 8th April 2022
- Tentative refund date – 11th April 2022
- Tentative date for credit of allotted shares in DMAT – 12th April 2022
- Tentative IPO listing date – 13th April 2022
- Retail category on offer – 35% of total offer
- Non-Institutional category on offer – 15% of total offer
- Qualified Institutional Buyers (QIB) shares on offer – 50% of total offer
Disclaimer: Investment in equity markets involves high degree of risk, please read the IPO document carefully before investing.