Hariom Pipe Industries Limited IPO(Hariom Pipe IPO)

Hariom Pipe IPO 2022
Upcoming Hariom Pipe IPO | New Hariom Pipe IPO

Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. They use iron ore to produce Sponge Iron which is then processed across various stages to manufacture their final products viz. MS Pipes and Scaffolding making their manufacturing process cost-effective.

They cater to the southern and western Indian markets for their products. Their MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. A substantial portion of the Sponge Iron, MS Billets, and HR Strips produced by them is used for captive consumption in the manufacturing of MS Pipes and Scaffolding.

They manufacture MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power, and engineering.

Their integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron and their other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. Unit II is located near Bellary, which is one of the hubs in South India for iron ore production. The iron ore required to produce Sponge Iron at Unit II is mostly procured through the online bidding process.

Most of the Sponge Iron produced at Unit II is transported to Unit I and used as a raw material for manufacturing MS Billets, HR Strips, MS Pipes, and Scaffolding. The manufacturing of Sponge Iron at their Unit II has reduced their dependence on external sources for raw materials since its acquisition in September 2020.

The integration of Unit I and II have optimized their operations and profitability through backward integration which helps with efficient logistics, inventory management, procurement, energy savings, and quality control. Their quality control team led by qualified chemists and engineers ensures that their raw materials, as well as end products, are tested on all quality parameters to ensure that they are compliant with the required market standards.

Competitive Strengths

  • Experienced & Qualified Team
  • Complimentary product mix
  • Expected High Operating Efficiency
  • Location of the Manufacturing Unit
  • Product diversification & Wide Product Offering

Hariom Pipe Industries IPO – Business Strategy

  • Expand their geographical network.
  • Organic growth by expansion of their manufacturing capacity.
  • Upgrading their existing manufacturing facilities.
  • Expanding their product range to add more value-added products.
  • Increasing Operational efficiency

Company Promoters

  1. Rupesh Kumar Gupta
  2. Sailesh Gupta

Company Financials

Amount (in INR & Lakh)
Total Assets17,374.0313,967.7210,335.11
*Total Revenue25,482.3116,115.0513,391.56
Total Expense23,362.5714,982.5812,226.77
Profit After Tax1,513.20790.83802.00

Object Of The Issue

  • To fund its capital expenditure
  • Working capital requirements 
  • Towards expenses for general corporate purposes

Hariom Pipe IPO Peer Comparison

S. No.Company NamePE
1APL Apollo Tubes Ltd76.68
2Hi-Tech Pipes Ltd44.73
3Rama Steel Tubes Ltd79.01
4JTL Infra Ltd45.34

Hariom Pipe IPO Risk

  • There are outstanding legal proceedings involving the company, promoters and certain directors
  • Absence of large customers and dependence on smaller customers increases uncertainty of demand
  • Any increase in prices and any decrease in the supply would have a material effect
  • The demand and pricing in the steel and steel products industry is volatile and is sensitive to the cyclical nature of the industries it serves
  • The steel and steel products industry is characterized by volatility in the prices of raw materials and energy
  • Payment delay or default in payments or deficiency in services, by any of the channel partners

Hariom Pipe IPO Strengths

  • Integrated nature of the operations
  • Environment friendly manufacturing process
  • Strategic location of manufacturing Units
  • Cost advantage in manufacturing the products
  • Competitive pricing of the products

Hariom Pipe IPO – Details

IPO Opening Date30 March 2022
IPO Closing Date05 April 2022
Issue TypeBook Built Issue IPO
Issue Size₹130 Crore
Face Value₹10 per equity share
IPO Price₹144 To ₹153 Per Equity Share
Market Lot98 Shares ( 1 Lot)
Min Order98 Shares
Listing AtBSE, NSE
QIB Shares OfferedNot more than 30%
Retail Shares OfferedNot less than 35%
NII (HNI) Shares OfferedNot less than 35%

Hariom Pipe IPO – Date Schedule

IPO Open Date30 March 2022
IPO Close Date05 April 2022
Basis of Allotment Date08 April 2022
Initiation of Refunds11 April 2022
Credit of Shares to Demat Account12 April 2022
IPO Listing Date13 April 2022

Hariom Pipe IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Promoter Holding

Pre Issue Share Holding42.00%
Post Issue Share Holding

Hariom Pipe IPO Prospectus

Company Contact Information

Hariom Pipe Industries Limited

Plot 3-4-174/12/2, 1st Floor, Samarpan lane beside Spencer’s
Pillar No. 125, Attapur, Hyderabad, Telangana – 500 048

Phone No: +91- 40 – 2401 6101
Email: info@hariompipes.com
Website: https://www.hariompipes.com/

Hariom Pipe IPO Registrar


1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059

Tel. No.: +91 22 6263 8200
Website: https://www.bigshareonline.com/
SEBI Registration No.: INR000001385

Hariom Pipe IPO Lead Manager(s)

1. ITI Capital Limited

Hariom Pipe IPO FAQs

When Hariom Pipe IPO will open?

The Hariom Pipe IPO dates are 30 March 2022 To 05 April 2022.
What is the lot size of Hariom Pipe IPO?

Hariom Pipe IPO lot size is 98 Shares and total amount is 
How to apply for Hariom Pipe IPO?

You can apply in Hariom Pipe IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Hariom Pipe IPO listing date?

The Hariom Pipe IPO listing date is announced. The date of Hariom Pipe IPO listing is [13 April 2022].


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