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Hariom Pipe IPO

Hariom Pipe Industries Ltd.

₹14,112 /98 sharesMinimum Investment

Hariom Pipe IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹153.00₹220.00₹67.00 (43.79%)

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 S
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.

Top IPO FAQs

What is the issue size of Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO issue size is Rs 130.05 crore.

What is 'pre-apply' for Hariom Pipe Industries IPO?

Pre-apply will alow you to apply for the Hariom Pipe Industries IPO 2 days before the subscription period starts.

If I pre-apply for Hariom Pipe Industries IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Hariom Pipe Industries IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Hariom Pipe Industries IPO order is placed?

We will notify you when your Hariom Pipe Industries IPO order is placed with the exchange.

What are the open and close dates of the for Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO date is March 30 to April 5, 2022.

What is the lot size and minimum order quantity of the Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO price band is Rs 144 - 153 per share.

What are the allotment dates for the Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO allotment date is 8 April 2022.

Who is the registrar of Hariom Pipe Industries IPO?

Hariom Pipe Industries IPO registrar is Bigshare Services Private Ltd.

Where is the Hariom Pipe Industries IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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