New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The company’s product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles.
They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.
For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company’s product portfolio comprises 300 SKUs of agricultural equipment and auto parts.
In the automotive industry, the company’s customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.
New Swan Multitech IPO – Details
| IPO Opening Date | 11 January 2024 |
| IPO Closing Date | 15 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 50,16,000 Shares Worth ₹33.11 Crore Fresh Issue: 50,16,000 Shares Worth ₹33.11 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 – ₹66 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
New Swan Multitech IPO – Date Schedule
| IPO Open Date | 11 January 2024 |
| IPO Close Date | 15 January 2024 |
| Basis of Allotment | 16 January 2024 |
| Initiation of Refund | 17 January 2024 |
| Credit of Shares to Demat Account | 17 January 2024 |
| IPO Listing Date | 18 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 15, 2024 |
New Swan Multitech IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,32,000 |
| Retail (Maximum) | 1 | 2000 | 1,32,000 |
| HNI (Minimum) | 2 | 4000 | 2,64,000 |
Competitive Strengths
- In-house Manufacturing capabilities;
- Large base of dealers and customers along with strong relationships;
- Wide Range of Products;
- Stringent quality control mechanism ensuring standardized product quality;
- Synergy of young and experienced management team with a committed employee base.
Company Promoters
- Upkar Singh
- Barunpreet Singh Ahuja
- Kanwardeep Singh
Object Of The Issue
- Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana.
- Repayment of a portion of certain borrowing availed by the company.
- To meet working capital requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 149.60 | 144.72 | 3.42 | 45.80 |
| 31 March 2022 | 145.52 | 140.44 | 3.63 | 48.00 |
| 31 March 2023 | 151.42 | 137.68 | 9.91 | 39.15 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 9.32 |
| ROE | 33.27% |
| ROCE | 24.86% |
| Debt/Equity | 1.31 |
| EPS (Rs) | 7.09 |
| RoNW | 33.27% |
New Swan Multitech IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
New Swan Multitech IPO Prospectus
- New Swan Multitech IPO DRHP
- New Swan Multitech IPO RHP
Company Contact Information
| New Swan Multitech Limited 310, Vardhman Crown Mall, Plot No. 2, Sector-19, District Court Complex, Dwarka New Delhi, South West Delhi – 110 075 Phone: +91-161-4346000 Email: cs@swanagro.in Website: https://www.swanagro.in/ |
New Swan Multitech IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
New Swan Multitech IPO Lead Manager(s)
| 1. Hem Securities Limited 2. Share India Capital Services Private Limited |
New Swan Multitech IPO FAQs
| What is New Swan Multitech IPO? New Swan Multitech IPO is a SME IPO. The issue is priced at ₹62 – ₹66 per equity share. The IPO is to be listed on BSE SME. |
| When New Swan Multitech IPO will open? The IPO is to open on 11 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to New Swan Multitech IPO? You can apply New Swan Multitech 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 New Swan Multitech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “New Swan Multitech”. 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 New Swan Multitech IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “New Swan Multitech”. 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 New Swan Multitech IPO Size? New Swan Multitech IPO size is ₹33.11 crores. |
| What is New Swan Multitech IPO Price Band? New Swan Multitech IPO Price Band is ₹62 – ₹66. |
| What is New Swan Multitech IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,32,000 amount while the maximum bid is 2000 shares with ₹1,32,000. |
| What is the New Swan Multitech IPO Allotment Date? New Swan Multitech IPO allotment date is 16 January 2024. |
| What is the New Swan Multitech IPO Listing Date? New Swan Multitech IPO listing date is 18 January 2024. The IPO is to list on BSE SME. |
