Hariom Pipe IPO

Hariom Pipe Industries Ltd.

₹14,112 /98 sharesMinimum Investment

Hariom Pipe IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Mar ‘22 - 5 Apr ‘22₹14,11298₹144 - ₹153
Issue SizeIPO Doc
130.05Cr
RHP PDF

Subscription Status As on 05 Apr '22, 5:00 PM

  • Retail Individual Investor
    12.15x
  • Non-Institutional Investor
    8.87x
  • Qualified Institutional Buyers
    1.91x
  • Total
    7.93x

About Hariom Pipe

Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company was incorporated as Hari Om Concast And Steels Private Limited on June 21, 2007. It was subsequently converted into a public limited company and the name of the business was changed to Hariom Pipe Industries Limited by a special resolution passed on January 08, 2018. Headquartered in Hyderabad, Telangana, the company is part of the Hariom Group, which was founded by the industrialist Late Shri Hariom Golas in 1962. ;
Parent Organisation
Hariom Pipe Industries Ltd.
Founded
2007
Managing Director
Rupesh Kumar Gupta

Strengths & Risks

  • Integrated nature of operations - iron ore is used to produce Sponge Iron which is then processed across various stages to manufacture final products viz. MS Pipes and Scaffolding.
  • Environmental friendly manufacturing process - pollution control equipment at smoke emanating chimneys, efforts at reducing the usage of coal and power.
  • Manufacturing unit in Telangana is located close to Jadcherla industrial area - enabling ease of logistics, power, water supply, and raw materials.
  • Manufacturing unit in Andhra Pradesh is located closed to Bellary, which is one of the hubs in South India for iron ore production.
  • Flexibility in manufacturing a range of products having a specific thickness, length, and quality.
  • In case of a shortage of supply of power by usual means, the company has the alternative facility of receiving supply of power from the Indian Energy Exchange (IEX) at competitive rates.
  • Outstanding legal proceedings involving the company, promoters, and some of its directors.
  • The company has not entered into long-term agreements with its customers for purchasing its products nor for the supply of raw materials with its suppliers.
  • Raw materials and stores consumed constitute a significant percentage of total expenses - any increase in prices and any decrease in the supply can have an impact on operations.
  • The demand and pricing in the steel and steel products industry are volatile and are sensitive to the cyclical nature of the industries it serves.
  • Disruption of third-party mining operations could adversely impact its ability to obtain raw materials at reasonable prices.
  • Contingent liabilities of Rs 6.06 crores for fiscal 2021.
  • Manufacturing process involves extreme heat and fire - in the event of any accidents, the company may be held liable for damages and penalties.
  • Conflict of interest may arise out of common business objects shared by the company and its group entity M/s. Ultra Pipes.
  • The company has in the past entered into related party transactions and may continue to do so in the future.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular144 - 153₹2 Lakh
For Hariom Pipe IPO, eligible investors can apply as Regular.
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.5.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW