As the economic activities pick pace post-pandemic, sectors such as housing and infrastructure are witnessing an uptick. Against this backdrop, Hyderabad-based integrated steel products maker Hariom Pipe Industries is looking to tap the equity markets. The company is planning to raise money to fund its capital expenditure and working capital requirements.
The company was incorporated in 2007. Since then, the company has been able to create a brand recall, resulting in strong sales numbers.
All about the IPO
Hariom Pipe Industries manufactures a wide range of finished steel products, such as Mild Steel (MS) pipes, scaffolding, hot-rolled (HR) Strips, MS billets, and sponge Iron. These products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication and engineering.
It has a strong presence in southern and western markets and sells its products through 200 distributors and dealers. Also, the company makes MS Pipes and scaffoldings with more than 150 different specifications.
Also, Hariom Pipe Industries has optimised its manufacturing process. The manufacturing of sponge iron has helped the company to reduce its dependence on external sources for raw materials.
Revenue: 37%; Net Profit: 37% (FY19-21 CAGR)
Good to know
Rapid industrialisation and urbanisation, coupled with increased private and government investment in infrastructure is expected to push up the demand for steel products. Being one of the major players in this space, Hariom Pipe Industries could benefit from these positive macro developments.
You can pre-apply for Hariom Pipe Industries’ IPO from 29 March 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Hariom Pipe Industries’ IPO is open for subscription between 30 March 2022 and 5 April 2022.
The lot size for Hariom Pipe Industries’ IPO is 98 shares and the minimum investment required is ₹14,994.
The price band for Hariom Pipe Industries’ IPO is ₹144-₹153 per share.
The size of Hariom Pipe Industries’ IPO is ₹130 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
Shares of Hariom Pipe Industries will list on BSE and NSE.
Shares of Hariom Pipe Industries will list on 13 April 2022