The preliminary public providing (IPO) of Hariom Pipe Industries Ltd. is scheduled for March 30, 2022. For its IPO of Hariom Pipe Industries, it has set a price band of Rs 144-153 per share. A closing date has been decided for the IPO. Applied to Hariom Pipe Industries IPOwe provide thorough data for the same.
Hariom Pipe Industries IPO
Hariom Pipe’s preliminary public providing (IPO) will start on March 30, and finish on April 5, 2022. It expects to increase 130.05 crores by way of its first public providing. A full-service producer of gentle metal (MS) pipes, scaffolding, HR strips, billets, and sponge iron, Häriom Pipe gives a big selection of merchandise. It is used to generate sponge iron, which is then processed through a number of steps to construct our closing items, which embody MS pipes and scaffolding, ensuing in a more cost-effective manufacturing process for the firm.
|IPO Opening Date||Mar 30, 2022|
|IPO Closing Date||Apr 5, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per fairness share|
|IPO Price||₹144 to ₹153 per fairness share|
|Market Lot||98 Shares|
|Min Order Quantity||98 Shares|
|Listing At||BSE, NSE|
|Issue Size||8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr)
|Fresh Issue||8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr)
|QIB Shares Offered||Not more than 30%|
|Retail Shares Offered||Not much less than 35%|
|NII (HNI) Shares Offered||Not much less than 35%|
They create MS Pipes and Scaffoldings in more than one hundred and fifty (150) completely different specs. They reply to clients’ wants in various industries, both immediately and by way of distributors.
Hariom Pipe Industries IPO GMP Today
Its function is to construct a manufacturing facility in Sangareddy, Telangana, with an annual capability of 51,943 tonnes, which would serve the native market. From 84,000 million tonnes to 1,32,000 million tonnes, the enterprise plans to improve its gentle metal pipe manufacturing capability from the current 84,000 million tonnes. As a result, two pipe mills will be constructed, and the furnace capability of the firm will be elevated from 95,832 to 1,04,232 mtpa.
(*13*)Hariom Pipe Industries Lot Size 2022
According to reviews, the IPO lot measurement for Hariom Pipe Industries is 98 shares. The most number of heaps that an individual investor can apply for is 13 (1274 shares or 194,922). Hariom is a famend producer of MS Pipes and Scaffolding, which we would like to enlighten you about. Aside from it, the agency also makes HR strips, MS billets, and sponge iron, amongst other merchandise.
(*10*)Hariom Pipe IPO Subscription Status 2022
Subscriptions for the public concern will be accepted starting now and will keep available till April 5, 2022. The subscription status for Hariom Pipes’ preliminary public providing (IPO) reveals that the concern has been subscribed 0.15 instances as of 10:43 am right this moment. In comparability, the retail element of the IPO has been subscribed 0.44 instances as of the same time.
Hariom Pipe IPO Advantages in the market
- Their interconnectedness characterizes their actions.
- Process for manufacturing that is environmentally helpful.
- The manufacturing models are strategically situated in a metropolis.
- They have a aggressive edge in the manufacture of the items.
- A aggressive price is supplied for their merchandise.
- Experienced and certified crew.
HariOm Pipe Business
In addition to MS pipes in various sizes and shapes, HariOm Pipe Industries also produces scaffolding, HR strips, MS billets, and sponge iron. The agency’s items are marketed to clients in the southern and western Indian marketplaces. The firm markets and sells its MS pipes under the title “Hariom Pipes” in these areas. Additionally to captive consumption, the agency fabricates MS Pipes and Scaffolding using sponge iron, MS Billets, and HR Strips it produces.
The agency makes MS Pipes and Scaffoldings of more than 150 completely different specs. It serves clients’ wants in various industries, both immediately and not directly, by way of its distribution community. A small number of builders and contractors are also served immediately by the firm by way of B2B gross sales of MS Pipes and Scaffoldings.
Unit II of the Anantapur Plant manufactures only sponge iron. In distinction, Unit I of the Mahabubnagar Plant in Telangana processes both iron scrap and sponge iron to make completed metal merchandise. In Anantapur District in Andhra Pradesh, they have another plant (Unit II) solely devoted to Sponge Iron manufacturing. A big portion of the iron or wanted for Sponge Iron manufacturing at Unit II is bought using an online bidding procedure.