Everything You Need to Know About the Hariom Pipe Industries IPO

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.