Swastik Pipe Limited IPO
i. Swastik Pipe Limited is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils, Swaged Tubular Poles, Solar Structure and Steel Structures. The Company use raw material of premium quality i.e. prime steel from SAIL – Steel Authority of India Limited, Tata Steel Limited and high purity zinc is being sourced from Hindustan Zinc Limited, which makes it comfortable to supply the quality material all over the world.
ii. At present, theey have highly sophisticated and technically competent plants are located at Bahadurgarh, Distt. Jhajjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2) with an installed capacity, both units aggregating of 2,44,001 MT as on date of this Red Herring Prospectus.
iii. Swastik Pipe has diversified its Manufacturing activities towards production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding, Formwork and crash barrier.
iv. Swastik Pipe Ltd is one of the oldest manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc. They have a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes range from 4m to 7m unless otherwise specified by the customers. Swastik Pipe manufacture steel pipes and tubes in various shapes and size such square, round, rectangular and elliptical or any special shape.
Objects of the Swastik Pipe Limited IPO:
Swastik Pipe Limited IPO Details:
|Open Date:||Sep 29 2022|
|Close Date:||Oct 03 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue|
|Issue Size:||62.52 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 97-100 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 12 2022|
Promoters And Management:
Financials of Swastik Pipe Limited IPO:
|Particulars (in crores)||Mar-22||Mar-21||Mar-20|
|Revenue from operations||608||522||655|
|Cost of material Consumed||483||399||507|
|Purchases of stock-in-trade||56||34||79|
|Changes in stock-in-trade||-4||20||0.3|
|Employee Benifit Expense||12||11||18|
|Profit (Loss) before tax||21||2||-20|
|Profit (Loss) for the period||20||1||-13|
Comparison With Peers:
|Name of the Company||CMP||FV||EPS||P/E|
|Swastik Pipe Limited||100||10||14.19||7|
|Rama Steel Tubes Limited||101||1||3.25||35|
|Hi-tech Pipes Limited||574||10||32.87||19.7|
|Hariom pipes Industries Limited||255||10||18.83||21.5|
|APL Apollo Tubes Limited||1,024||2||22.27||49.5|