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Open
26 Dec 2023
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Close
28 Dec 2023
3
Allotment
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Listing
Tue, Jan 2, 2024
Price Band
₹89 per share
Issue Size
16,88,000 shares (agg. up to ₹15 Cr)
Lot Size
1,600 Shares
Listing Date
Tue, Jan 2, 2024
Latest GMP
₹5
Est. Gain
5.62%
✦ AI Insight
GMP Trend
02-01-2024₹5Est. ₹94+5.62%
01-01-2024₹5Est. ₹94+5.62%
31-12-2023₹9Est. ₹98+10.11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 42.97x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 16.39 | 14.51 | 9.68 | 7.40 |
| Total Income | 14.00 | 30.78 | 20.91 | 10.21 |
| Profit After Tax | 1.02 | 1.88 | 0.88 | 0.27 |
| NET Worth | 6.62 | 5.61 | 2.03 | 0.85 |
| Reserves and Surplus | 1.95 | 4.33 | 1.33 | 0.45 |
| Total Borrowing | 4.30 | 5.38 | 4.32 | 3.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Swashthik Plascon Ltd. | SME | ₹40.76 Cr | ₹86 | 17.23 | ₹126.10 | +46.63% | ₹22.10 (-7.92%) |
| Master Components Ltd. | SME | ₹15.43 Cr | ₹140 | 27.09 | ₹140.20 | +0.14% | ₹466.95 (+2.68%) |
| Shri Techtex Ltd. | SME | ₹45.14 Cr | ₹61 | 16.71 | ₹85.20 | +39.67% | ₹61.40 (-0.08%) |
| Kaka Industries Ltd. | SME | ₹21.23 Cr | ₹58 | 11.03 | ₹115.71 | +99.50% | ₹221.35 (+1.77%) |
| Command Polymers Ltd. | SME | ₹7.09 Cr | ₹28 | 121.74 | ₹26.50 | -5.36% | ₹23.00 (-4.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure | 1.03 |
| 2 | To Meet Working Capital Requirement | 9.00 |
| 3 | General Corporate Expense | 2.99 |
About AIK Pipes IPO
Founded in 2017, AIK Pipes and Polymers Limited manufactures pipes, HDPE fittings, MDPE pipes and PPR pipes for the water distribution, gas transmission, sewerage systems, and telecommunication sectors. The company has 3 manufacturing facilities in Jaipur, Rajasthan which are operated on a lease basis. The company has a competent team of engineers, technicians and operators who play an important role in the production and quality control of the products. These products are approved by several authorities including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation and GAIL. AIK Pipes is registered with the Government of Rajasthan as a supplier of water supply and sewerage management. As of June 30, 2023, the company recorded a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs. The company is an ISO 9001:2015 certified company. As of June 30, 2023, the company had 23 employees on its payroll.+ Read More
Contact Details
AIK Pipes & Polymers Ltd. AddressF-9 Vinayak EnclaveVaishali NagarJaipur, Rajasthan, 302021+91-9672749800info@aikpipes.comVisit Website