The New Swan Multitech IPO started on January 11, 2024, and ended on January 15, 2024. Shares were allocated on January 16, 2024, and refund processes began on January 17, 2024. On January 17, 2024, the shares were credited to investors demat accounts. New Swan Multitech was officially listed on the stock exchange on January 18, 2024.
During the IPO, New Swan Multitech offered shares at a price range of ₹62 to ₹66 per share, and the lot size was 2000 shares. The total issue size was ₹33.11 crores, with ₹33.11 crores from new shares. The IPO was listed on the NSE SME.
New Swan Multitech IPO Subscription Update Video
New Swan Multitech IPO Subscription Status
The New Swan Multitech IPO on January 15, 2023 was subscribed 59.36 times, with the retail category being subscribed 92.13 times, the NII (Non-Institutional Investor) category being subscribed 53.40 times, the QIB (Qualified-Institutional Buyers) category being subscribed 6.50 times.
| Category | Subscription |
| QIB | 110.69x |
| NII | 739.72x |
| Retail | 388.23x |
| Total | 384.26x |
New Swan Multitech IPO Basic Details
| Company Name | New Swan Multitech Limited |
| Domain of Company | Precision-engineered Components and Parts |
| 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 |
About New Swan Multitech Limited
Established in 2014, New Swan Multitech Limited specializes in crafting precise components for two key sectors: automobiles and modern farming.
For the automotive industry, the company offers a range of vital parts for two-wheeler vehicles, such as assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and more.
Additionally, they design and produce various brackets including cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and brackets for passenger car air cleaner inlet hoses.
In the field of farming, the company manufactures agricultural implements like rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levelers, disc ploughs, and numerous other tools.
The agricultural components are produced in Raian, Ludhiana, Punjab, while the automotive parts are manufactured in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company boasts a product portfolio comprising 300 SKUs of agricultural equipment and auto parts.
In the automotive sector, the company serves clients such as Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. Conversely, their agricultural implements reach 200 dealers across 11 Indian states, including Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra.
For the fiscal year 2023, the company recorded an operating income of Rs. 15,116.04 lakhs.
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New Swan Multitech IPO FAQs
What is the start and end date of New Swan Multitech IPO Subscription?
The New Swan Multitech IPO started on January 11, 2024 and ended on January 15, 2024.
When does New Swan Multitech IPO Subscription open?
The New Swan Multitech IPO open on January 11, 2024.
When does New Swan Multitech IPO Subscription close?
The New Swan Multitech IPO Close on January 15, 2024.
What is the allotment date of New Swan Multitech IPO?
The allotment date for New Swan Multitech IPO is January 16, 2024.
When is the initial refund date of New Swan Multitech IPO?
The initial Refund date for New Swan Multitech IPO is January 17, 2024.
When were the shares credited to investors demat accounts for the New Swan Multitech IPO?
The shares for the New Swan Multitech IPO were credited to investors demat accounts on January 17, 2024.
When will New Swan Multitech IPO be listed on the stock market?
New Swan Multitech IPO stock market will be listed on January 18, 2024 at 10 am.
What was the price range of the New Swan Multitech IPO shares?
The New Swan Multitech IPO shares were offered at a price range of ₹62 to ₹66 per share.
What was the lot size for the New Swan Multitech IPO shares?
The lot size for the New Swan Multitech IPO shares was 2000 shares.
What was the total issue size of the New Swan Multitech IPO?
The total issue size of the New Swan Multitech IPO was ₹33.11 crores.
How were the shares allocated among different types of investors for the New Swan Multitech IPO?
18.98% of the shares were allocated to Qualified Institutional Buyers (QIB), 14.23% were reserved for Non-Institutional Investors (NII), and 33.21% were set aside for retail investors.
On which stock exchanges was the New Swan Multitech IPO listed?
The New Swan Multitech IPO was listed on the BSE SME.
What is the New Swan Multitech IPO Subscription Status?
New Swan Multitech IPO is subscribed 384.26 Times.
