The initial public offering (IPO) of Hariom Pipe Industries Ltd. is scheduled for March 30, 2023. For its IPO of Hariom Pipe Industries, it has set a price band of Rs 144-153 per share. A closing date has been determined for the IPO. Applied to Hariom Pipe Industries IPO, we provide thorough information for the same.
Hariom Pipe Industries IPO
Hariom Pipe’s initial public offering (IPO) will start on March 30, and end on April 5, 2023. It expects to raise 130.05 crores via its first public offering. A full-service producer of mild steel (MS) pipes, scaffolding, HR strips, billets, and sponge iron, Häriom Pipe offers a wide range of products. It is used to generate sponge iron, which is then processed through several steps to build our final goods, which include MS pipes and scaffolding, resulting in a more cost-effective production process for the company.
|IPO Opening Date||Mar 30, 2023|
|IPO Closing Date||Apr 5, 2023|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹144 to ₹153 per equity share|
|Market Lot||98 Shares|
|Min Order Quantity||98 Shares|
|Listing At||BSE, NSE|
|Issue Size||8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr)
|Fresh Issue||8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr)
|QIB Shares Offered||Not more than 30%|
|Retail Shares Offered||Not less than 35%|
|NII (HNI) Shares Offered||Not less than 35%|
They create MS Pipes and Scaffoldings in more than one hundred fifty (150) different specifications. They respond to customers’ needs in various industries, both directly and via distributors.
Hariom Pipe Industries IPO GMP Today
Its purpose is to build a manufacturing facility in Sangareddy, Telangana, with an annual capacity of 51,943 tonnes, which would serve the local market. From 84,000 million tonnes to 1,32,000 million tonnes, the business plans to enhance its mild steel pipe production capacity from the current 84,000 million tonnes. As a result, two pipe mills will be built, and the furnace capacity of the company will be increased from 95,832 to 1,04,232 mtpa.
Hariom Pipe Industries Lot Size 2023
According to reports, the IPO lot size for Hariom Pipe Industries is 98 shares. The maximum number of lots that an individual investor can apply for is 13 (1274 shares or 194,922). Hariom is a renowned producer of MS Pipes and Scaffolding, which we would like to enlighten you about. Aside from it, the firm also makes HR strips, MS billets, and sponge iron, among other products.
Hariom Pipe IPO Subscription Status 2023
Subscriptions for the public issue will be accepted starting now and will stay available until April 5, 2023. The subscription status for Hariom Pipes’ initial public offering (IPO) reveals that the issue has been subscribed 0.15 times as of 10:43 a.m. today. In comparison, the retail component of the IPO has been subscribed 0.44 times as of the same time.
Hariom Pipe IPO Advantages in the marketplace
- Their interconnectedness characterizes their activities.
- Process for manufacturing that is environmentally beneficial.
- The manufacturing units are strategically located in a city.
- They have a competitive edge in the manufacture of the goods.
- A competitive price is offered for their products.
- Experienced and qualified team.
HariOm Pipe Business
In addition to MS pipes in various sizes and shapes, HariOm Pipe Industries also produces scaffolding, HR strips, MS billets, and sponge iron. The firm’s goods are marketed to customers in the southern and western Indian marketplaces. The company markets and sells its MS pipes under the name “Hariom Pipes” in these regions. Additionally to captive consumption, the firm fabricates MS Pipes and Scaffolding using sponge iron, MS Billets, and HR Strips it produces.
The firm makes MS Pipes and Scaffoldings of more than 150 different specifications. It serves customers’ needs in various industries, both directly and indirectly, via its distribution network. A small number of developers and contractors are also served directly by the company via B2B sales of MS Pipes and Scaffoldings.
Unit II of the Anantapur Plant manufactures only sponge iron. In contrast, Unit I of the Mahabubnagar Plant in Telangana processes both iron scrap and sponge iron to make finished steel products. In Anantapur District in Andhra Pradesh, they have another plant (Unit II) solely dedicated to Sponge Iron production. A large portion of the iron ore needed for Sponge Iron production at Unit II is purchased using an online bidding procedure.
|Official Website||Click Here|
|DMER Homepage||Click Here|
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Today GMP of Hariom pipe industries ltd
What’s the hmp on 1.4.22