AIK Pipes And Polymers IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: What minimum lot size can retail investors subscribe to?

AIK Pipes And Polymers IPO lot size is 1600 Shares .

IPO Details

Bidding Dates

25 Dec '23 - 27 Dec '23

Minimum Investment

₹142,400 / 1 Lots ( 1600 Shares )

Price Range

₹89

Maximum Investment

₹142,400 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹15.02 Cr

Investor category and sub category

Non-Institutional Buyers | Retail Investors |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 25, 2023

IPO Closing Date

Dec 27, 2023

Basis of Allotment

Dec 28, 2023

Initiation of Refunds

Nov 30, 2023

Credit of Shares to Demat Account

Nov 30, 2023

IPO Listing Date

Dec 1, 2023

UPI Mandate Expiry Date

Dec 27, 2023

IPO Subscription Details

Date	NII	Retail	Total
Day 1Dec 25, 2023		2.00x	1.19x
Day 2Dec 26, 2023		6.39x	4.72x

IPO Subscription Live Status

Investor Category	Subscription (Times)
Retail Investors	6.39
Others	1.05
Total	4.72

About Company

Incorporated in 2017, AIK Pipes And Polymers Limited is engaged in the manufacturing of a comprehensive range of HDPE (High-Density Polyethene) pipes, HDPE Fittings, MDPE (Medium-Density Polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector.

The company operates its business through its one manufacturing facility located in Govindgarh, Rajasthan. It derives 100% of its revenue from domestic operations. The company is focused on further integrating its operations and improving capacity utilization at its production facilities and

optimize product planning across product categories.

The Asia Pacific region is touted to be the largest market for HDPE pipes in the near future, with India accounting for a sizable share of global demand. India’s HDPE market is likely to witness a CAGR of 10.41% till 2026. On the back of expected demand, there are ample growth opportunities for the company.

AIK Pipes And Polymers Ltd IPO Details

AIK Pipes And Polymers Limited IPO Date

AIK Pipes And Polymers Limited IPO is a 100% fresh issue. The company has offered 16,88,000 new shares. AIK Pipes And Polymers Limited’s IPO will be listed on the BSE SME on January 02, 2024. It is a fixed-price issue IPO.

AIK Pipes And Polymers Limited IPO Price Band

The price of the IPO has been fixed at ₹89 per share.

AIK Pipes And Polymers Limited IPO Lot Size

The lot size of the IPO has been fixed at 1,600 shares.

AIK Pipes And Polymers Limited IPO Objectives

The objectives of AIK Pipes And Polymers Limited IPO are listed below

To meet the capital expenditure requirements.
Working capital requirements.
General corporate purposes.

Peer Details

As per RHP, the company has 2 listed peers given below:

Rex Pipes & Cables Industries Limited
Prince Pipes and Fittings Ltd

How To Check the Allotment Status of the AIK Pipes And Polymers Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the IPO Section and then to IPO Orders
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of AIK Pipes And Polymers Limited

Registered office: F-9 Vinayak Enclave, Vaishali Nagar, Jaipur302021, Rajasthan, India

Phone: +91-9672749800

E-mail:info@aikpipes.com

Company Financials

Particulars (Rs in lakh)	Period Ending on June 30, 2023	Year Ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Income	1,400.42	3,077.92	2,090.84	1,020.54
Profit After Tax (PAT)	101.97	187.74	87.90	26.99
Assets	1638.56	1450.50	968.13	739.75
Net Worth	662.47	560.50	202.76	84.86
Total Borrowings	429.91	538.09	432.17	382.88

Know before investing

Strengths

The company operates a scalable business, and its business model is order-driven and comprises optimum utilization of its existing resources.
Looking forward, the company is planning to improve efficiencies to achieve cost reductions to achieve a competitive edge. This is likely to be supported by its focus on its domestic presence and economies of scale.

Risks

The major portion of revenue comes from its top ten customers. Any loss of business from one or more of them may adversely affect its revenues and profitability.
The company is exposed to risks arising from any increase in the cost of raw materials or other purchases or a shortfall in the supply of its raw materials, which may adversely affect the pricing and supply of its products.