Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company was incorporated as Hari Om Concast And Steels Private Limited on June 21, 2007. The company uses iron ore to produce Sponge Iron which is then processed across various stages to manufacture our final products viz. MS Pipes and Scaffolding makes the manufacturing process cost-effective.
| Bidding Dates |
|---|
| 30 Mar 2022 - 05 Apr 2022 |
| Subscription |
|---|
| 7.93x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,994 | 1 | 13 | 98 | 8.5 M | ₹144 - ₹153 | 66.64 % | ₹1224.0 M - ₹1300.5 M | RHP DOC |
Hariom Pipe IPO SUBSCRIPTION STATUS
05 Apr '22Hariom Pipe IPO overall subscription rate was 7.93 times the total available shares
Hariom Pipe IPO retail subscription rate was 12.15 times in the retail segment
Hariom Pipe IPO non-institutional investor subscription rate was 8.87 times in the non-institutional investor category
Hariom Pipe IPO Qualified Institutional Bidder subscription rate was 1.91 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 35% | 30% |
05 Apr 2022 (Day 5) | 12.15x | 8.87x | 1.91x |
04 Apr 2022 (Day 4) | 7.18x | 1.93x | 0.83x |
01 Apr 2022 (Day 3) | 4.66x | 0.33x | 0.44x |
31 Mar 2022 (Day 2) | 3.55x | 0.32x | 0.44x |
30 Mar 2022 (Day 1) | 1.88x | 0.03x | 0x |
Hariom Pipe 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 |
| H1FY22 | 128.69 | 2,008.71 | -15.026 | -33.675 | 12.86% |
| FY21 | 151.32 | 2,541.39 | 104.26 | -51.06 | 13.72% |
| FY20 | 79.083 | 1,607.77 | 5.162 | -113.253 | 14.81% |
| FY19 | 80.2 | 1,335.96 | 32.19 | -289.729 | 12.95% |
Hariom Pipe IPO SUBSCRIPTION STATUS DETAILS
Hariom Pipe had 8.5 M shares on offer
Hariom Pipe IPO offer price was in the range ₹144 - ₹153
Hariom Pipe IPO minimum Investment was ₹14994
Hariom Pipe IPO issue size was ₹ 1224.0 M - ₹ 1300.5 M
Hariom Pipe had a minimum lot size of 98 Shares per application
Hariom Pipe NUMBER OF SHARES ON OFFER
Hariom Pipe IPO IMPORTANT DATES
| Issue Open Date | 30 Mar 2022 |
| Issue close Date | 05 Apr 2022 |
| Allotment Date | 08 Apr 2022 |
| Refund Date | 11 Apr 2022 |
| Demat Account Credit Date | 12 Apr 2022 |
| Listing Date | 13 Apr 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Hariom Pipe Allotment Status | Exchange |
Hariom Pipe IPO subscription opened on 30 Mar 2022, and closed on 05 Apr 2022
IPO allotment for Hariom Pipe was finalized on Friday, 08 Apr 2022
IPO listing for Hariom Pipe was on NSE and BSE on Wednesday, 13 Apr 2022
Hariom Pipe IPO LISTING GAINS
| Issue Price (adjusted) | 153.0 |
| Listing Open Price | 214.0 |
| Listing Close Price | 224.7 |
| Listing Gain% | 39.9% |
| Current Gain% | 160.7% |
Hariom Pipe 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hariom Pipe Industries Ltd. | 398.9 | 1016.2 | 16.3 | 18.1 | 0.7 | 11.7 | 6.2 | 1680.1 | 23.5 | 75.7 | 22.7 | 24.4 | 0.9 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Hariom Pipe IPO Reports
Hariom Pipe INFORMATION ON IPO ISSUE
About Hariom Pipe
Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company was incorporated as Hari Om Concast And Steels Private Limited on June 21, 2007. The company uses iron ore to produce Sponge Iron which is then processed across various stages to manufacture our final products viz. MS Pipes and Scaffolding makes the manufacturing process cost-effective.
Object of the Issue
1. Funding capital expenditure requirements;
2. Funding the working capital requirements of our Company;
3. General corporate purposes.
Hariom Pipe - PROMOTERS
| Name |
|---|
| Sailesh Gupta |
| Rupesh Kumar Gupta |
Hariom Pipe Book Running Lead Managers
ITI Capital Limited
ipo.hariom@iticapital.in
Hariom Pipe Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Hariom Pipe Strengths
Integrated operations
The company has an integrated nature of operations
Environment-friendly
The company has an environment-friendly manufacturing process
Strategic location
The strategic location of manufacturing units
Cost advantage
The company has a cost advantage in manufacturing our products
Hariom Pipe Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, promoters, and certain directors
Dependent on on few customers
A significant portion of the company's income comes from the top 10 customers
Increasing competition
There is increasing competition in the industry
IPO FAQs
The promoters of the company are Sailesh Gupta and Rupesh Kumar Gupta.
The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 35.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 144.0 - 153.0.
The IPO application opens on Mar 30, 2022 and closes on Apr 05, 2022.
The minimum lot size for the IPO is 98. The maximum lot size for the IPO is 1274.
For all category investors, the minimum application amount for this IPO is Rs. 14,994.0, the maximum value for this IPO is Rs 194,922.0.
This IPO will be allotted on Apr 08, 2022.
The refund will be credited to your account on Apr 11, 2022.
The allotted shares will be credited to your demat on Apr 12, 2022.
Hariom Pipe Industries Ltd.’s shares listed on the stock exchanges on Apr 13, 2022.