The AIK Pipes IPO started on December 26, 2023, and ended on December 28, 2023. Shares were allocated on December 29, 2023, and refund processes began on January 1, 2023. On January 1, 2023, the shares were credited to investors demat accounts. AIK Pipes was officially listed on the stock exchange on January 2, 2023.
During the IPO, AIK Pipes offered shares at a price range of ₹89 per share, and the lot size was 1600 shares. The total issue size was ₹15.02 crores, with ₹15.02 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
AIK Pipes IPO Subscription Update Video
AIK Pipes IPO Subscription Status
The AIK Pipes IPO on December 26, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
AIK Pipes And Polymers IPO Basic Details
| Company Name | AIK Pipes And Polymers Limited |
| Domain of Company | Manufacturing Pipes |
| AIK Pipes IPO Open Date | December 26, 2023 |
| AIK Pipes IPO Close Date | December 28, 2023 |
| AIK Pipes IPO Allotment Date | December 29, 2023 |
| AIK Pipes IPO Listing Date | 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 |
| Company Promoters | Mr. Imran Khan and Ms. Tahira Sheikh |
About AIK Pipes And Polymers Limited
Established in 2017, AIK Pipes and Polymers Limited makes pipes, HDPE fittings, MDPE pipes, and PPR pipes for water distribution, gas transmission, sewerage systems, and telecommunications.
We run three manufacturing facilities in Jaipur, Rajasthan, working on a lease basis.
Our skilled team of engineers, technicians, and operators plays a crucial role in ensuring the quality and production of our products.
Our products are approved 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 company has recorded a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs.
We proudly hold the ISO 9001:2015 certification, and as of June 30, 2023, our dedicated team consists of 23 employees.
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AIK Pipes IPO FAQs
What is the start and end date of AIK Pipes IPO Subscription?
The AIK Pipes IPO started on December 26, 2023, and ended on December 28, 2023.
When does AIK Pipes IPO Subscription open?
The AIK Pipes IPO open on December 26, 2023.
When does AIK Pipes IPO Subscription close?
The AIK Pipes IPO Close on December 28, 2023.
What is the allotment date of AIK Pipes IPO?
The allotment date for AIK Pipes IPO is December 29, 2023.
When is the initial refund date of AIK Pipes IPO?
The initial Refund date for AIK Pipes IPO is January 1, 2023.
When were the shares credited to investors demat accounts for the AIK Pipes IPO?
The shares for the AIK Pipes IPO were credited to investors demat accounts on January 1, 2023.
When will AIK Pipes IPO be listed on the stock market?
AIK Pipes IPO stock market will be listed on January 2, 2023 at 10 am.
What was the price range of the AIK Pipes IPO shares?
The AIK Pipes IPO shares were offered at a price range of ₹89 per share.
What was the lot size for the AIK Pipes IPO shares?
The lot size for the AIK Pipes IPO shares was 1600 shares.
What was the total issue size of the AIK Pipes IPO?
The total issue size of the AIK Pipes IPO was ₹15.02 crores.
How were the shares allocated among different types of investors for the AIK Pipes IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the AIK Pipes IPO listed?
The AIK Pipes IPO was listed on the BSE SME.
What is the AIK Pipes IPO Subscription Status?
AIK Pipes IPO is subscribed Times.
