Hariom Pipe Industries is engaged in the manufacturing of Mild Steel Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. Catering to the Southern and Western Indian markets. The company manufactures MS Pipes and Scaffoldings of more than one hundred fifty different specifications and caters to requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power, and engineering.
The public issue of Hariom Pipe Industries comprises a fresh issue of 85 lakh equity shares aggregating up to Rs. 130 crores.
Financial Snapshot
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 133.92 | 8.02 | 7.34 |
| March 2020 | 161.15 | 7.91 | 5.93 |
| March 2021 | 254.82 | 15.13 | 9.8 |
| As of September 2021 | 201.16 | 12.87 | 15.12 |
For more information, you can check out the IPO Prospectus filled by the company.
IPO Schedule
| Issue Period | 30th March 2022 to 5th April 2022 |
|---|---|
| Price Range | ₹ 144 – 153 |
| Minimum Bid Quantity | 98 and in multiples thereof |
| Finalization of Allotment | 8th April 2022 |
| Initiation of Refunds | 11th April 2022 |
| Credit of Shares | 12th April 2022 |
| Date of Listing | 13th April 2022 |
| Mandate end date | 21st April 2022 |
| Anchor Investors Lock-in End Date | 5th May 2022 |
How do I apply to the Hariom Pipe Industries IPO?
You can apply for the Hariom Pipe Industries IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Hariom Pipe Industries IPO?
You can check the allotment status for the Hariom Pipe Industries IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.