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Issue Open Date
|
30-Mar-22
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|
Issue Closing Date
|
05-Apr-22
|
|
Application Money
|
100
|
|
Allotment Money
|
|
|
|
|
Price Band
|
144
-
153
|
|
Minimium Application No.
|
98
|
|
Issue Size (Shares)
|
8500000
|
|
Market Lot
|
1
|
|
|
|
Objective
|
1. Funding capital expenditure requirements.2. Funding the working capital requirements of our Company.3. General corporate purposes.
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|
|
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Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
Offered / Reserved |
Bid For |
|
Non-Institutional Investors
|
2975000
|
26379150
|
8.86694117647059
|
Qualified Institutional Buyers
|
2550000
|
4875598
|
1.91199921568627
|
Retail Individual Investors
|
2975000
|
36149848
|
12.1512094117647
|
|
|
|
Business Description
Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. We use iron ore to produce Sponge Iron which is then processed across various stages to manufacture our final products viz. MS Pipes and Scaffolding making our manufacturing process cost-effective. We cater to the southern and western Indian markets for our products. Our MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by us are used for captive consumption in the manufacturing MS Pipes and Scaffolding. We manufacture MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering.
|
|
Promoter's Holding
|
|
Total Share Capital
|
16822704
|
|
Offered to Public
|
8500000
|
|
Promoter's Holding (Pre-Issue)
|
99.1
|
|
Promoter's Holding (Post-Issue)
|
66.03
|
|
|
|
|
|
|
|
Address |
3-4-174/12/2 1st Floor Samarpan Lane Beside Spencer’s Pillar No. 125 Attapur
Hyderabad,
Telangana,
500048
Phone : 040-24016101 / 1800 123 0360
Email : info@hariompipes.com
Website : www.hariompipes.com
|
|
Registrar |
Bigshare Services Pvt Ltd
Office No S6-2 6th Floor Pinnacle Business Park Next to Ahura Centre Mahakali Caves Road Andheri (E) Mumbai
|
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Listed at |
BSE, NSE
|
|
Lead Manager |
ITI Capital Ltd.
|
|
Promoters |
Rupesh Kumar Gupta Sailesh Gupta
|
|