The New Swan Multitech IPO commenced on January 11, 2024, and concluded on January 15, 2024. The allotment of shares took place on January 16, 2024, and the initiation of refunds began on January 17, 2024. The shares were credited to the demat accounts of investors on January 17, 2024. Finally, the listing of New Swan Multitech on the stock exchange occurred on January 18, 2024.
The New Swan Multitech IPO was priced at ₹62 to ₹66 per share, with a lot size of 2000 shares. The total issue size was ₹33.11 crores, comprising a fresh issue of ₹33.11 crores. The IPO was listed on the BSE SME.
New Swan Multitech IPO Basic Details
| Company Name | New Swan Multitech Limited |
| Domain of Company | Precision-engineered Components and Parts |
| New Swan Multitech IPO GMP Today | ₹39 |
| New Swan Multitech IPO Listing Gain | 59.09% |
| New Swan Multitech IPO Open Date | January 11, 2024 |
| New Swan Multitech IPO Close Date | January 15, 2024 |
| New Swan Multitech IPO Allotment Date | January 16, 2024 |
| New Swan Multitech IPO Listing Date | January 18, 2024 |
| Face Value | ₹10 per share |
| Price | ₹62 to ₹66 per share |
| Lot Size | 2000 Shares |
| Issue Size | 5,016,000 shares of ₹10 (aggregating up to ₹33.11 Cr) |
| Fresh Issue | 5,016,000 shares of ₹10 (aggregating up to ₹33.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh |
New Swan Multitech IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹39 | 59.09% | – | – |
| 12 January 2023 | ₹39 | 59.09% | – | – |
| 11 January 2023 | ₹39 | 59.09% | – | – |
| 10 January 2023 | ₹39 | 59.09% | – | – |
New Swan Multitech IPO Details:
New Swan Multitech Limited started in 2014, focusing on making precise parts for two main areas: cars and modern farming.
For cars, they create things like engine hangers, body covers, fuel cap components, brake assemblies, and more for two-wheeler vehicles. They also design brackets for things like cooling systems, exhaust pipes, fuse blocks, and air cleaners in passenger cars.
In farming, the company manufactures equipment like rotovators, seeders, weeders, potato planters, and various other implements for agriculture.
The farming parts are made in Raian, Ludhiana, Punjab, while the car parts are made in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company has 300 different agricultural and auto parts in its product lineup.
In the car industry, they work with Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. For farming, they distribute their equipment to 200 dealers in 11 Indian states: Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra.
In the fiscal year 2023, the company earned an operating income of Rs. 15,116.04 lakhs.
New Swan Multitech IPO More Details Click Here
New Swan Multitech IPO FAQs
When is New Swan Multitech IPO open?
New Swan Multitech IPO will open on 11 January 2024.
When is New Swan Multitech IPO Close?
New Swan Multitech IPO will be closed on 15 January 2024.
What is New Swan Multitech IPO GMP Today?
The New Swan Multitech IPO GMP aka Grey Market Premium is ₹39.
What is New Swan Multitech IPO Kostak Rates Today?
The New Swan Multitech IPO Kostak Rate is ₹000.
What is New Swan Multitech IPO Subject to Sauda Price Today?
The New Swan Multitech IPO subject to sauda rates is ₹000.
New Swan Multitech IPO Expected Returns?
The New Swan Multitech expected return is 59.09%.
How much will be the listing gain in New Swan Multitech IPO?
New Swan Multitech IPO will get listing gain of 59.09%. (Approx.)
