Business Standard

Aik Pipes & Polymers Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

15.02 cr

Price Range (₹)

89

Lot Size

1600

Min Investment (₹)

1,42,400.00

Listing Exchange

BSE - SME

Open Date

26-Dec-2023

Close Date

28-Dec-2023

Listing Date

02-Jan-2024

Aik Pipes & Polymers Ltd News

    The Shares of Aik Pipes & Polymers Ltd have now been listed.

    Aik Pipes & Polymers Ltd IPO Details

    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 Rs. 0.75 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 16,03,200 equity shares of Rs. 89/- each including a share premium of Rs. 79/- per equity share aggregating to Rs. 14.27 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.53% and 25.20%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is Rs. 89/- the issue price is 8.9 times of the face value.

    Objective of issue

    To meet the capital expenditure. To meet working capital requirement. General corporate expenses.

    Aik Pipes & Polymers Ltd Contact Details

    Aik Pipes & Polymers Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - info@aikpipes.com

    Website - www.aikpipes.com