New Swan Multitech was incorporated on March 03, 2014. The company is an engineering-led manufacturer of complex and critical precision-engineered components and parts used in the automotive sector and agricultural farm machinery, designed to meet the diverse needs of modern farming.
| Bidding Dates |
|---|
| 11 Jan 2024 - 15 Jan 2024 |
| Subscription |
|---|
| 356.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 5.0 M | ₹62 - ₹66 | 73.62 % | ₹311.0 M - ₹331.1 M | RHP DOC |
New Swan Multitech IPO SUBSCRIPTION STATUS
15 Jan '24New Swan Multitech IPO overall subscription rate was 356.91 times the total available shares
New Swan Multitech IPO retail subscription rate was 388.23 times in the retail segment
New Swan Multitech IPO non-institutional investor subscription rate was 544.76 times in the non-institutional investor category
New Swan Multitech IPO Qualified Institutional Bidder subscription rate was 110.69 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
15 Jan 2024 (Day 3) | 388.23x | 544.76x | 110.69x |
12 Jan 2024 (Day 2) | 92.13x | 39.57x | 6.5x |
11 Jan 2024 (Day 1) | 35.33x | 12.04x | 3.45x |
New Swan Multitech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 49.8 | 778.5 | -48.7 | -50.1 | 14.3% |
| FY23 | 99.2 | 1,511.6 | 71.1 | 8.9 | 13.4% |
| FY22 | 36.3 | 1,454.7 | 143.4 | 103.5 | 7.9% |
| FY21 | 34.3 | 1,494.7 | -49.5 | -88.7 | 7.1% |
New Swan Multitech IPO SUBSCRIPTION STATUS DETAILS
New Swan Multitech had 5.0 M shares on offer
New Swan Multitech IPO offer price was in the range ₹62 - ₹66
New Swan Multitech IPO minimum Investment was ₹124000
New Swan Multitech IPO issue size was ₹ 311.0 M - ₹ 331.1 M
New Swan Multitech had a minimum lot size of 2000 Shares per application
New Swan Multitech NUMBER OF SHARES ON OFFER
New Swan Multitech IPO IMPORTANT DATES
| Issue Open Date | 11 Jan 2024 |
| Issue close Date | 15 Jan 2024 |
| Allotment Date | 16 Jan 2024 |
| Refund Date | 17 Jan 2024 |
| Demat Account Credit Date | 17 Jan 2024 |
| Listing Date | 18 Jan 2024 |
| Listing on Exchange(s) | BSE |
| New Swan Multitech Allotment Status | Exchange |
New Swan Multitech IPO subscription opened on 11 Jan 2024, and closed on 15 Jan 2024
IPO allotment for New Swan Multitech was finalized on Tuesday, 16 Jan 2024
IPO listing for New Swan Multitech was on BSE on Thursday, 18 Jan 2024
New Swan Multitech IPO LISTING GAINS
| Issue Price (adjusted) | 66.0 |
| Listing Open Price | 125.4 |
| Listing Close Price | 131.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -35.2% |
New Swan Multitech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New Swan Multitech Ltd. | 42.8 | 81.3 | 8.5 | -0.5 | 0.5 | 10.8 | 5.8 | 178.1 | 10.6 | 9.6 | -16.8 | 5 | -16.8 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
New Swan Multitech INFORMATION ON IPO ISSUE
About New Swan Multitech
New Swan Multitech was incorporated on March 03, 2014. The company is an engineering-led manufacturer of complex and critical precision-engineered components and parts used in the automotive sector and agricultural farm machinery, designed to meet the diverse needs of modern farming.
Object of the Issue
- Funding of capital expenditure towards the purchase of certain machinery for the existing manufacturing unit located at Raian Ludhiana
- Repayment of a portion of certain borrowing availed by the company
- To meet working capital requirements
- General corporate purpose
New Swan Multitech - PROMOTERS
| Name |
|---|
| Upkar Singh |
| Kanwardeep Singh |
| Barunpreet Singh Ahuja |
New Swan Multitech Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
New Swan Multitech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
New Swan Multitech Strengths
In-house manufacturing
The in-house manufacturing operations enable the company to streamline inventory management and the production process, resulting in the maintenance of high-quality production standards, minimizing production time, and bringing cost-effectiveness
Wide range of products
The company offers a wide range of products in the agricultural implements segment, including various types of rotovators, seeders, super seeders, weeders, etc. Within the automotive sector, it offers a wide range of precision-forged and machined tubular assemblies, welded assemblies, precision brackets, and sheet metal parts, etc
Large base of dealers
The company's product distribution encompasses an extensive network of over 200 dealers, covering 11 states in India
New Swan Multitech Risks
Dependent on one segment
The company significantly depends on the performance of the automotive sector (particularly two-wheelers) and the agricultural sector in India for the sale of its products. Any adverse change in the performance of these sectors could adversely affect the business
Subject to climatic conditions
The agricultural implements business is subject to climatic conditions and is cyclical in nature. Seasonal variations and unfavourable local and global weather patterns may have an adverse effect on the business
Highly competitive industry
The company operates in a highly competitive industry, and increased competition may lead to a reduction in revenues, reduced profit margins, or a loss of market share
IPO FAQs
The promoters of the company are Upkar Singh, Kanwardeep Singh and Barunpreet Singh Ahuja.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 62.0 - 66.0.
The IPO application opens on Jan 11, 2024 and closes on Jan 15, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jan 16, 2024.
The refund will be credited to your account on Jan 17, 2024.
The allotted shares will be credited to your demat on Jan 17, 2024.
New Swan Multitech Ltd.’s shares listed on the stock exchanges on Jan 18, 2024.