AIK Pipes and Polymers IPO Details ( AIK Pipes and Polymers Limited IPO Review )
(26 Dec 2023 – 28 Dec 2023)
AIK Pipes and Polymers Limited, established in 2017, makes pipes and fittings for water, gas, sewerage, and telecom. Based in Jaipur, Rajasthan, the company operates three manufacturing facilities on a lease.
Our skilled team of engineers, technicians, and operators plays a crucial role in ensuring product quality and efficient production.
Our products meet the standards set by various authorities, including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.
AIK Pipes is recognized by the Government of Rajasthan as a supplier for water supply and sewerage management.
As of June 30, 2023, our total income was Rs. 1400.42 lakhs, with an adjusted profit after tax of Rs. 101.97 lakhs.
We take pride in being an ISO 9001:2015 certified company with 23 employees on our payroll as of June 30, 2023.
AIK Pipes and Polymers Limited Company Product
- HDPE Pipes & Coils
- HDPE Sprinkler System
- PPR Pipes
- MDPE Pipes
AIK Pipes and Polymers Limited IPO Competitive Strength
- Customer satisfaction and revenues from long standing customer relationships
- Experienced Promoter and Management Expertise
- Scalable Business Model
- Cost effective production and timely fulfillment of orders
- Existing relationship with suppliers
- Quality Assurance and Standards
AIK Pipes and Polymers IPO Financials Performance ( Results )
AIK Pipes and Polymers Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 739.75 | 1,020.54 | 26.99 | 1.93 | 84.86 | 21.21 | 44.86 | 382.88 |
| 31-Mar-22 | 968.13 | 2,090.84 | 87.90 | 3.51 | 202.76 | 28.97 | 132.76 | 432.17 |
| 31-Mar-23 | 1,450.50 | 3,077.92 | 187.74 | 4.13 | 560.50 | 43.96 | 433.00 | 538.09 |
| 30-Jun-23 | 1,638.56 | 1,400.42 | 101.97 | 2.18 | 662.47 | 14.17 | 194.97 | 429.91 |
Objective of AIK Pipes IPO Issue
- To Meet Working Capital Requirement
- To Meet the Capital Expenditure
- General Corporate Purpose
AIK Pipes and Polymers IPO Basic Details
| IPO Date | Dec 26, 2023 to Dec 28, 2023 |
| Listing Date | Tuesday, January 2, 2023 |
| Face Value | ₹10 per share |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,688,000 shares of ₹10 (aggregating up to ₹15.02 Cr) |
| Fresh Issue | 1,688,000 shares of ₹10 (aggregating up to ₹15.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,675,000 |
| Share holding post issue | 6,363,000 |
| Company Promoters | Mr. Imran Khan and Ms. Tahira Sheikh |
AIK Pipes and Polymers IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
AIK Pipes IPO Timetable
AIK Pipes IPO will open on December 26, 2023 and close on December 28, 2023. You can join AIK Pipes IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 December 2023 (Tuesday) |
| Closing Date | 28 December 2023 (Thursday) |
| Basis of Allotment | 29 December 2023 (Friday) |
| Initiation of Refunds | 1 January 2023 (Monday) |
| Credit of Shares to Demat | 1 January 2023 (Monday) |
| Listing Date | 2 January 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 28 December 2023 |
AIK Pipes IPO Lot Size
For retail investors in AIK Pipes IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹142,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹142,400.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| S-HNI (Min) | 2 | 3200 | ₹284,800 |
AIK Pipes and Polymers IPO Promoter Holding
The company’s promoters include Mr. Imran Khan and Ms. Tahira Sheikh.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
AIK Pipes and Polymers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 56.63 |
| Earning Per Share (EPS) | ₹4.13 per Equity Share |
| Net Asset Value (NAV) | ₹43.96 per Equity Share |
| P/E Ratio (P/E) (x) | 21.54 |
| Post P/E Ratio (P/E) (x) | 13.88 |
| Return on Net Worth (RoNW) (%) | 33.50 |
| Return on equity (ROE) (%) | 49.19 |
| Return on Capital Employed (ROCE) (%) | 17.90 |
| Debt/Equity Ratio | 0.96 |
AIK Pipes and Polymers Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| AIK Pipes & Polymers Limited | Standalone | 10.00 | 2.18 | 21.54 | 15.39 | 14.17 |
| Peer Group | ||||||
| Rex Pipes & Cables Industries Limited | Standalone | 10.00 | 4.21 | 16.67 | 15.75 | 26.69 |
| Prince Pipes and Fittings Limited | Standalone | 10.00 | 10.98 | 64.75 | 8.86 | 12.34 |
AIK Pipes and Polymers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 1 January 2024 | ₹9 | – | – |
| 31 December 2023 | ₹9 | – | – |
| 30 December 2023 | ₹9 | – | – |
| 29 December 2023 | ₹10 | – | – |
| 28 December 2023 | ₹10 | – | – |
| 27 December 2023 | ₹0 | – | – |
| 26 December 2023 | ₹0 | – | – |
| 25 December 2023 | ₹0 | – | – |
| 24 December 2023 | ₹0 | – | – |
AIK Pipes and Polymers IPO Detail Video:
AIK IPO Subscription Status (Bidding Detail)
The AIK IPO on December 28, 2023 at 7:30:00 PM was subscribed 43.57 times, with the retail category being subscribed 30.93 times, the other category being subscribed 52.17 times.
| Category | Subscription |
| Other | 52.17x |
| Retail | 30.93x |
| Total | 43.57x |
AIK Pipes and Polymers IPO Prospectus
| AIK Pipes and Polymers IPO DRHP | Download |
| AIK Pipes and Polymers IPO RHP | Download |
| AIK Pipes and Polymers IPO Anchor Investors Details PDF | Download |
AIK Pipes and Polymers IPO Rating
| Our Rating | 2.5/5.0 |
AIK Pipes and Polymers Company Contact Information
AIK Pipes and Polymers Limited
Registered Office: F-9 Vinayak Enclave, Vaishali Nagar, Jaipur-302021, Rajasthan, India.
Tel No.: +91 9672749800
Email: info@aikpipes.com
Website: www.aikpipes.com
Contact Person: Ms. Anshita Jain, Company Secretary and Compliance Officer.
Our Promoters: Mr. Imran Khan and Ms. Tahira Sheikh
AIK Pipes and Polymers IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Rana
SEBI Registration No.: INR000003241
AIK Pipes and Polymers IPO Lead Manager
Shreni Shares Limited (Formerly Known as Shreni Shares Private Limited)
Registered Office: A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express
Highway, Magathane, Borivali East, Mumbai – 400066, Maharashtra, India.
Telephone: 022- 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Mr. Parth Shah
Website: www.shreni.in
SEBI Registration Number: INM000012759
AIK Pipes and Polymers IPO FAQs
What is the lot size of AIK Pipes and Polymers IPO?
The total size of AIK Pipes and Polymers IPO is ₹15.02 crores and this is a complete fresh Issue.
When will AIK Pipes and Polymers IPO start?
AIK Pipes and Polymers IPO will open from 26 December 2023 and IPO will close on 28 December 2023.
What is the open date of AIK Pipes and Polymers IPO?
AIK Pipes and Polymers IPO will open date from 26 December 2023.
What is the last date ( close date ) of AIK Pipes and Polymers IPO?
AIK Pipes and Polymers IPO will close from 28 December 2023.
What is the price band of AIK Pipes and Polymers IPO?
AIK Pipes and Polymers IPO price band is ₹89.
What is the minimum amount required to apply for AIK Pipes and Polymers IPO?
The minimum investment for retailers to apply for AIK Pipes and Polymers IPO is ₹142,400 and the maximum investment is ₹142,400.
What is going on gray market premium of AIK Pipes and Polymers IPO?
View gray market premium of AIK Pipes and Polymers IPO by Clicking Here
How much is the GMP of AIK Pipes and Polymers IPO?
Watch AIK Pipes and Polymers IPO GMP Today: Click Here
What is the allotment date of AIK Pipes and Polymers IPO?
The allotment date of AIK Pipes and Polymers IPO is 29 December 2023.
How to check allotment status in AIK Pipes and Polymers IPO?
To check the allotment status of AIK Pipes and Polymers IPO, first of all go to the registrar website by clicking here, select your bad AIK Pipes and Polymers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of AIK Pipes and Polymers IPO?
The listing date of AIK Pipes and Polymers IPO is 2 January 2023.
How much will be the listing gain in AIK Pipes and Polymers IPO?
View listing gain of AIK Pipes and Polymers IPO by Clicking Here
How much time AIK Pipes and Polymers IPO is subscribed?
Total 43.57 times subscribed in AIK Pipes and Polymers IPO out of which 30.93 times subscription was done in retail quota, 52.17 times subscription in other quota.
How to apply for AIK Pipes and Polymers IPO from Upstox?
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