AIK Pipes and Polymers IPO
The initial public offering (IPO) of AIK Pipes and Polymers will open for subscription on December 26 and close on December 28, it is a completely fresh issue of Rs. 15.02 Crores. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on January 02, 2024.
#1. Quick Intro of AIK Pipes and Polymers
AIK Pipes and Polymers Limited (2017) is engaged in the business of manufacturing a comprehensive range of high-density polyethylene pipe, high-density polyethylene fittings, medium-density polyethylene pipes, polyethylene random pipe for water distribution, gas transmission, sewerage systems, and telecom sector.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of AIK Pipes and Polymers
The company intends to use the IPO Funds for the below-mentioned purposes:
- Meet the working capital requirement of the company
- Meet the capital expenditure
- General corporate-related expenses.
#3. AIK Pipes and Polymers Core Strengths
- Customer satisfaction and revenues from long-standing customer relationship
- Scalable business model
- Cost-effective production and timely fulfillment of orders.
- Experienced promoters and management team
#4. AIK Pipes and Polymers IPO Review & Rating
| Issue Size | Rs.15.02 Crore |
| Issue Price | Rs.89 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (March 2023) | Rs.187.74 (lakhs) |
| P/E (x) | 21.54% |
| ROCE | 17.90% |
| Listing on | BSE SME |
| IPO Deliver Rating | One |
#5. AIK Pipes and Polymers IPO Dates, Price Band & Details
AIK Pipes and Polymers IPO will open on December 26, 2023, and close on December 28, 2023. The IPO is to be listed on January 02, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs. 15.02 Crore |
| Price Brand | Rs. 89 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | December 26, 2023 |
| IPO Close Date | December 28, 2023 |
| IPO Allotment Date | December 29, 2023 |
| Refund Date | January 01, 2024 |
| Share Credit Date | January 01, 2024 |
| Listing Date | January 02, 2024 |
#6. AIK Pipes and Polymers IPO Offer Details
AIK Pipes and Polymers IPO’s total issue size is 16,88,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 16,88,000 | 15.02 |
| Offer for Sale (OFS) | — | — |
#7. AIK Pipes and Polymers Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 3077.92 | 2090.84 | 1020.54 |
| Net Worth | 560.50 | 202.76 | 84.86 |
| Profit | 187.74 | 87.90 | 26.99 |
| Total Borrowings | 538.09 | 432.17 | 382.88 |
#8. AIK Pipes and Polymers Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 4.13 | 3.51 | 1.93 |
| RoNW (%) | 33.50 | 43.35 | 31.81 |
| NAV (Rs.) | 43.96 | 28.97 | 21.21 |
#9. AIK Pipes and Polymers Comparison with Other Peer Companies
There are listed companies in India that are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Crore)) |
RoNW (%) | NAV (Rs.) |
| Rex Pipes & Cable | – | 15.75 | 26.69 |
| Prince Pipes Fitting | – | 8.86 | 12.34 |
#10. AIK Pipes and Polymers Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Imran Khan |
| 02. | Thahira Sheikh |
#11. AIK Pipes and Polymers Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 73.47 |
#12. AIK Pipes and Polymers IPO Reservation Details
AIK Pipes and Polymers IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Individual Investor (RII) | Not more than 50% of the issue size |
| Others | Not more than 50% of the issue size |
| Employee Reservation/Discount | – |
#13. AIK Pipes and Polymers IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 1,42,400 |
| Retail (Max.) | 1 | 1600 | 1,42,400 |
| HNI (Min.) | 2 | 3200 | 2,84,800 |
| HNI (Max.) | – | – | – |
#14. AIK Pipes and Polymers IPO – Prospectus Copy
An investor can download/view the AIK Pipes and Polymers prospectus copy, which the company filed to SEBI, details are as follows.
| AIK Pipes and Polymers IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. AIK Pipes and Polymers IPO Registrar
Skyline Financial Services Private Limited
Phone No.: 011-40450193
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
#16. AIK Pipes and Polymers IPO Lead Manager
Shreni Shares Limited
Phone No.: 022-20897022
E-Mail: shrenishares@gmail.com
Website: www.shreni.in
#17. AIK Pipes and Polymers IPO Application (How to Apply for an IPO)
There are three primary options for applying for an AIK Pipes and Polymers IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “AIK Pipes and Polymers Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “AIK Pipes and Polymers Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. AIK Pipes and Polymers Company Details
AIK Pipes and Polymers Limited
Registered Office: F-9, Vinayak Enclave, Vaishali Nagar, Jaipur-302021, Rajasthan, INDIA
Phone No: +91-9672749800
Email: info@aikpipes.com
Website: www.aikpipes.com
Investor Grievances/Compliance Officer: Anshita Jain
#19. AIK Pipes and Polymers Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies |
| 01. | – |
| 02. | – |
#20. AIK Pipes and Polymers Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Imran Khan |
| 02. | Thahira Sheikh |
AIK Pipes and Polymers IPO – Frequently Asked Questions (FAQs)
| #1. What is AIK Pipes and Polymers IPO?
AIK Pipes and Polymers brings its IPO of Rs. 15.02 Crores, on December 26, 2023, with a price band of Rs.89 per share. |
| #2. What is the AIK Pipes and Polymers IPO Open date?
AIK Pipes and Polymers IPO’s opening date is December 26, 2023. |
| #3. What is the AIK Pipes and Polymers IPO Close Date?
AIK Pipes and Polymers IPO’s closing date is December 28, 2023. |
| #4. What is the AIK Pipes and Polymers IPO Listing date?
AIK Pipes and Polymers’s IPO listing date is January 02, 2024. |
| #5. What is the AIK Pipes and Polymers IPO Minimum investment amount?
AIK Pipes and Polymers IPO’s minimum investment amount is Rs. 142,400. |
| #6. What is the AIK Pipes and Polymers IPO offer issue Size?
AIK Pipes and Polymers offers an issue size of Rs. 15.02 Crores. |
| #7. What is the AIK Pipes and Polymers IPO Price Band?
AIK Pipes and Polymers’s IPO price band is Rs.89 per share. |
| #8. Is AIK Pipes and Polymers IPO mainboard IPO or SME IPO?
AIK Pipes and Polymers IPO is an SME IPO. |
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