Hariom Pipe Industries IPO Date, Share Price Today, Band, GMP & allotment, Status
The Initial Public Offering (IPO) Opening Date of Hariom Pipe Industries Ltd has been announced. The Hariom Pipe Industries IPO will open on 30th March 2022. The Company has set a price band of Rs 144-153 per share for its Initial Public Offering (IPO). A closing date has been determined for the IPO is 5th April 2022.
The share Allotment will take place on 08 April and for those who do not get shares in the IPO, the refund of Money will start on 11 April. And IPO Share Allotment listing will be done on 13 April in the market. Therefore, people may see details like Hariom Pipe Industries IPO Date, Price Band, Lot Size, Allotment etc.
Latest News- 13.04.2022: Hariom Pipe Shares list at strong Premium- Should you Sell, Hold or Buy?
Hariom Pipe share price may go up to Rs 320 apiece levels in 6 months. The Hariom shares made a dream debut on Dalal Street today as Hariom Pipes share price today opened on BSE at ₹214 apiece levels whereas on NSE it opened at ₹220 per share levels, delivering around 44 per cent premium to the allottees
Hariom Pipe to Raise Rs 130 Crore through IPO
The Initial Public Offering (IPO) of Hariom Pipes will begin on March 30 and end on April 5, 2022. It is expected to raise 130.05 crores through its first public offering. A full-service producer of mild steel (MS) pipe, scaffolding, HR strips, billet and sponge iron, Häriom offers a wide range of pipe products.
It is used to make sponge iron, which is then processed through several steps to manufacture our final goods, which is include MS pipes and scaffolding, resulting in a more cost-effective production process for the company.
Hariom Pipe Industries IPO Price Band, Share Price Today, Lot Size
| IPO Opening Date | Mar 30, 2022 |
| IPO Closing Date | Apr 5, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹144 to ₹153 per equity share |
| Market Lot | 98 Shares |
| Min Order Quantity | 98 Shares |
| Listing At | BSE, NSE |
| Issue Size | 8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr) |
| Fresh Issue | 8,500,000 Eq Shares of ₹10
(aggregating up to ₹130.05 Cr) |
| QIB Shares Offered | Not more than 30% |
| Retail Shares Offered | Not less than 35% |
| NII (HNI) Shares Offered | Not less than 35% |
Lot Size of Hariom Pipe Industries IPO 2022
If we talk about lot size, then the lot size of Hariom Pipe Industries IPO is 98 shares. Individual investors can apply for up to 13 lots (1274 shares or ₹194,922). Let us tell you that Hariom is a leading manufacturer of MS Pipes and Scaffolding. Apart from this, the company also manufactures HR strips, MS billets, and sponge iron.
Hariom Pipe Industries IPO GMP Value 2022
The company plans to set up a production unit at Sangareddy in Telangana with a capacity of 51,943 tonnes per annum which will serve the local market. The company is planning to increase its mild steel pipe manufacturing capacity from 84,000 million tonnes to 1,32,000 million tonnes. For this the company will set up 2 pipe mills. As a result, two pipe mills will be built, and the company’s furnace capacity will increase from 95,832 to 1,04,232 MTPA.
Hariom Pipe Industries IPO Allotment Date & Status
Hariom Pipe Industries IPO allotment date is April 8, 2022, and the allotted shares will be credited to the Demat account by April 12, 2022. Hariom Pipe Industries IPO Allotment Status is not available yet. We will update here as soon as the allotment process starts. You are advised to check BSE India and NSE India websites for more details of Hariom Pipe Industries IPO date, allotment, share price.
Hariom Pipe: Financials
Hariom Pipe Business
Apart from MS Pipes in various sizes, Hariom Pipe Industries also produces Scaffolding, HR Strips, MS Billets and Sponge Iron. The firm’s goods are marketed to customers in the southern and western Indian markets. The company markets and sells its MS pipes under the name “Hariom Pipes” in these regions. In addition to captive consumption, the firm manufactures MS Pipes and Scaffoldings using Sponge Iron, MS Billets and HR Strips.
The firm manufactures over 150 MS pipes and scaffolds of different specifications. It, directly and indirectly, caters to the needs of customers across various industries through its distribution network. A small number of developers and contractors are directly serviced by the company through B2B sales of MS Pipes and Scaffolding.