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.
The company is an ISO 9001:2015 certified company. As of June 30, 2023, the company had 23 employees on its payroll.
AIK Pipes And Polymers IPO – Details
| IPO Opening Date | 26 December 2023 |
| IPO Closing Date | 28 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 16,88,000 Shares Worth ₹15.02 Crore Fresh Issue: 16,88,000 Shares Worth ₹15.02 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹89 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
AIK Pipes And Polymers IPO – Date Schedule
| IPO Open Date | 26 December 2023 |
| IPO Close Date | 28 December 2023 |
| Basis of Allotment | 29 December 2023 |
| Initiation of Refund | 01 January 2024 |
| Credit of Shares to Demat Account | 01 January 2024 |
| IPO Listing Date | 02 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 28, 2023 |
AIK Pipes And Polymers IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,42,400 |
| Retail (Maximum) | 1 | 1600 | 1,42,400 |
| HNI (Minimum) | 2 | 3200 | 2,84,800 |
Competitive Strengths
- Customer satisfaction and revenues from long standing customer relationships.
- Experienced Promoter and Management Expertise.
- Scalable Business Model.
- Cost effective production and timely fulfillment of orders.
- Existing relationship with suppliers.
- Quality Assurance and Standards.
Company Promoters
- Mr. Imran Khan
- Ms. Tahira Sheikh
Object Of The Issue
- To Meet the Capital Expenditure.
- To Meet Working Capital Requirement.
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 10.20 | 9.84 | 0.27 | 3.82 |
| 31 March 2022 | 20.90 | 19.63 | 0.88 | 4.32 |
| 31 March 2023 | 30.77 | 28.27 | 1.87 | 5.38 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 21.54 |
| Market Cap (₹ Cr.) | 56.63 |
| ROE | 49.19% |
| ROCE | 17.90% |
| Debt/Equity | 0.96 |
| EPS (Rs) | 4.13 |
| RoNW | 33.50 |
AIK Pipes And Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.47% |
AIK Pipes And Polymers IPO Prospectus
Company Contact Information
| AIK Pipes And Polymers Limited F-9 Vinayak Enclave, Vaishali Nagar Jaipur 302021 Phone: +91-9672749800 Email: info@aikpipes.com Website: https://www.aikpipes.com/ |
AIK Pipes And Polymers IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
AIK Pipes And Polymers IPO Lead Manager(s)
| 1. Shreni Shares Limited |
AIK Pipes And Polymers IPO FAQs
| What is AIK Pipes And Polymers IPO? AIK Pipes And Polymers IPO is a SME IPO. The issue is priced at ₹89 per equity share. The IPO is to be listed on BSE SME. |
| When AIK Pipes And Polymers IPO will open? The IPO is to open on 26 December 2023 for Other – 50% and Retail – 50% Investors. |
| How to AIK Pipes And Polymers IPO? You can apply AIK Pipes And Polymers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the AIK Pipes And Polymers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “AIK Pipes And Polymers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the AIK Pipes And Polymers IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “AIK Pipes And Polymers“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is AIK Pipes And Polymers IPO Size? AIK Pipes And Polymers IPO size is ₹15.02 crores. |
| What is AIK Pipes And Polymers IPO Price Band? AIK Pipes And Polymers IPO Price Band is ₹89. |
| What is AIK Pipes And Polymers IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,42,400 amount while the maximum bid is 1600 shares with ₹1,42,400. |
| What is the AIK Pipes And Polymers IPO Allotment Date? AIK Pipes And Polymers IPO allotment date is 29 December 2023. |
| What is the AIK Pipes And Polymers IPO Listing Date? AIK Pipes And Polymers IPO listing date is 02 January 2023. The IPO is to list on BSE SME. |
