Aik Pipes IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Aik Pipes & Poly

CMP

122.00

+1.00 (0.83%)

₹89

Offer Price

₹ 15.02 Cr

Issue Size

₹ 1,42,400

Min Investment

1,600

Lot size

Time Line

  • 26
    Dec 2023
    Open
  • 28
    Dec 2023
    Close
  • 29
    Dec 2023
    Finalisation of Basis of Allotment
  • 01
    Jan 2024
    Initiation of Refunds
  • 01
    Jan 2024
    Transfer of Shares to Demat Account
  • 02
    Jan 2024
    Listing Date

Objects of the Offer

  • Expand its Current Business Relationships.

  • Improving operational efficiencies.

  • Optimal Utilization of Resources.

  • Improve capacity utilization.

  • Enhancing existing production and product quality.

Products & Services

  • Aik Pipes & Polymers Ltd is engaged in manufacturing comprehensive range of HDPE pipes, HDPE Fittings, MDPE pipe s and PPR pipes.

Strengths

  • Customer satisfaction and revenues from long standing customer relationships.

  • Experienced Promoter and Management Expertise.

  • Scalable Business Model.

  • Cost effective production and timely fulfillment of orders.

  • Existing relationship with suppliers.

Risks

  • Any increase in the cost of the company raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of the products and have an adverse effect on the business, results of operations and financial condition.

  • Any loss of or breakdown of the company machineries, at any of its manufacturing facility may have an adverse effect on business, financial condition and results of operations.

  • Any inability on the company part to maintain quality standards could adversely impact its business, results of operations and financial condition.

  • The company manufacturing activities are dependent upon availability of skilled and unskilled labour.

  • In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the business.

Company Promoters

Promoters Holding

Issue For IPO
22.04%
Pre Holding

83.10%

Post Holding

61.06%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 20.42 (102.60%) 30.48 (49.30%) 15.39 (-)
Gross Profit 20.42 (102.60%) 30.48 (49.30%) 15.39 (-)
Net Income 20.42 (102.60%) 30.48 (49.30%) 15.39 (-)
Assets 20.42 (102.60%) 30.48 (49.30%) 15.39 (-)
Liabilities 20.42 (102.60%) 30.48 (49.30%) 15.39 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Aik Pipes & Polymers Ltd 30.48 1.88 11.00 5.39 15.39 0.00 43.96 3.27 0.49
Rex Pipes & Cables Industries Ltd 117.64 3.62 57.85 57.85 15.75 4.21 26.69 6.25 1.08
Prince Pipes & Fittings Ltd 2,710.87 121.42 1,854.19 1,854.19 8.90 10.98 123.37 6.54 0.04

Book Running Managers

  • Shreni Shares Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

F-9 Vinayak Enclave,
Vaishali Nagar,
Jaipur - 302021
Phone : +91 9672749800 +91 7014671502 Email : info@aikpipes.com www.aikpipes.com

Offer Related Information

Initial public issue of 16,88,000 equity shares of Rs. 10/- each ("Equity Shares") of AIK Pipes and Polymers Limited ("AIK" or the "Company" or the "Issuer") for cash at a price of Rs. 89/- per equity share including a share premium of Rs. 79/- per equity share (the "Issue Price"), aggregating to Rs. 15.02 crores ("The Issue"), of which 84,800 equity shares of Rs. 10/- each for cash at a price of Rs. 89/- per equity share including a share premium of Rs. 79/- per equity share aggregating to... More

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