AIK Pipes And Polymers Limited IPO

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1. Certifications: The company is certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, and Bureau of Indian Standards IS 4984:2016.

2. Products: Engaged in the manufacturing of HDPE pipes, HDPE fittings, MDPE pipes, and PPR pipes for water distribution, gas transmission, sewerage systems, and telecom sectors.

3. Incorporation: Originally incorporated as “AIK Pipes and Polymers Private Limited” in 2017, later converted into a Public Limited Company with the name changed to “AIK Pipes and Polymers Limited” in 2023.

4. Location: Registered with the Registrar of Companies, Central Registration Centre and headquartered in Jaipur.

5. Technology: Equipped with the latest technology and automated manufacturing processes for producing high-quality HDPE pipes of various sizes.

6. Team: Boasts a well-trained team of engineers, technicians, and operators to ensure product quality.

7. Approvals: Products approved by various agencies including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.

8. Vendor Registrations: Registered vendor with government organizations like the Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board across Rajasthan.

9.Vision: Aims to pave the way for a future that provides clean water for everyone and everywhere.

10. Mission: Committed to designing, manufacturing, and delivering high-quality HDPE pipes, ensuring employee safety, environmental responsibility, continuous improvement, innovation, and customer satisfaction.

11. Chairman cum Managing Director: Mr. Imran Khan holds a master’s degree in Mechanical Engineering, with 10 years of experience in the production and manufacturing activities. Instrumental in the company’s growth, providing advice on finance, corporate strategy, and planning.

12. Total Income and Profit After Tax: The financial data for the period ended June 30, 2023, reports Total Income of Rs. 1400.42 Lakhs and Restated Profit after Tax of Rs. 101.97 Lakhs. For the year ended March 31, 2023, the figures are Rs. 3077.92 Lakhs and Rs. 187.74 Lakhs, respectively.

13. Expansion: The company serves the HDPE Pipes sector in Rajasthan and has plans to expand its presence on a PAN India basis.

14. Values: Quality orientation, innovation, commitment to sustainability, safety, and excellence.

15. Commitments: Building long-term relationships based on trust, respect, and mutual benefit.

Objects of the AIK Pipes And Polymers Limited IPO:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects: i. To Meet Working Capital Requirement ii. To Meet the Capital Expenditure iii. General Corporate Purpose
DRHP of AIK Pipes And Polymers Limited IPO
RHP of AIK Pipes And Polymers Limited IPO

AIK Pipes And Polymers Limited IPO Details:

Open Date: Dec 26 2023
Close Date: Dec 28 2023
Total Shares: 1,688,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Issue
Issue Size: 15.02 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 89 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 02 2024

Promoters And Management:

Mr. Imran Khan, 39 years is Chairman cum Managing Director and also the Promoter of the Company. He holds master’s degree in Mechanical Engineering. He was appointed on the Board on December 02, 2019 and further designated as the Chairman cum Managing Director of the Company on June 24, 2023 for a period of 5 years, not liable to retire by rotation. He possesses experience of 5 years in the production and manufacturing related activities of the Company’s business. Prior to joining the company, he is associated with M/s. Pinky Enterprise and having experience of around 5 years in production and manufacturing related activities. He has been instrumental in taking major policy decision of the Company Ms. Tahira Sheikh, aged 34 years is the Whole-Time Director and also the Promoter of the Company. She holds degree of Bachelor of Business Administration and has done Post Graduate Diploma in Rural Management (PGDRM). She was originally appointed on the Board on June 23, 2023 and further designated as the Whole-Time Director of the Company on June 24, 2023 for a period of 5 years liable to retire by rotation. She is having experience of 06 years with Life Insurance Corporation of India in class II cadre (Development Officers). She looks after the general administration in the Company Mr. Ajayraj Singh Khangarot, aged 39 years, is the Executive Director of the Company. He holds degree in Bachelor of Engineering and Master of Business Administration. He was originally appointed on the Board on March 02, 2019 as NonExecutive Director and further designated as Executive Director in meeting held on June 24, 2023 and is having experience of 04 years with the Company.

Financials of AIK Pipes And Polymers Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
3M-FY24
Revenue from Operations 1,008 2,042 3,048 1,377
Other Income 12 49 30 23
Total Revenue 1,021 2,091 3,078 1,400
Cost of materials consumed 854 1,852 2,824 1,111
Change in Inventorie 3 -10 -229.3 83
Employee benefits expenses 57 56 80 23
Other Expenses 55 42 99 31
EBITDA 52 151 304 152
Depreciation & Amortisation 8 10 19 6
Finance Cost 7 15 34 10
EBIT 43 142 285 146
OPM (%) 5.10% 7.22% 9.88% 10.85%
PBT 36 127 251 136
Tax 9 39 63 35
PAT 27 88 188 102
NPM (%) 2.64% 4.20% 6.10% 7.28%
No.of Shares 63.63 63.63 63.63 63.63
EPS 0.42 1.38 2.95 1.60

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
AIK Pipes & Polymers Limited 30 2 2.95 30.2 89 57
Rex Pipes & Cables Industries Limited 117 4 4.21 15.1 68.1 64
Prince Pipes and Fittings Ltd 2,711 121 10.98 39.3 732 8,093
* All the data is as per FY23.

Lead Manager of AIK Pipes And Polymers Limited IPO:

  1. SHRENI SHARES PRIVATE LIMITED

Registrar of AIK Pipes And Polymers Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

AIK Pipes And Polymers Limited F-9 Vinayak Enclave, Vaishali Nagar Jaipur 302021 Phone: +91-9672749800 Email: info@aikpipes.com Website: https://www.aikpipes.com/

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