Business Standard

Hariom Pipe Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

130.05 cr

Price Range (₹)

153

Lot Size

98

Min Investment (₹)

14,994.00

Listing Exchange

MumbaiNSE

Open Date

30-Mar-2022

Close Date

05-Apr-2022

Listing Date

13-Apr-2022

Hariom Pipe Industries Ltd News

    The Shares of Hariom Pipe Industries Ltd have now been listed.

    Hariom Pipe Industries Ltd IPO Details

    Initial public issue of up to 85,00,000 equity shares of face value of Rs. 10.00 each of Hariom Pipe Industries Limited (The Company or The Issuer) for cash at a price of Rs. 153 per equity share (including a share premium of Rs. 143 per equity share) (Issue Price) aggregating up to Rs. 130.05* crores (The Issue). The issue will constitute 33.36% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The price band is Rs. 153 per equity share of face value of Rs. 10.00 each. The floor price is 15.3 times of the face value of equity shares. Bids can be made for a minimum of 98 equity shares and in multiples of 98 of equity shares thereafter.

    Objective of issue

    Funding Capital Expenditure Requirements. Funding the working capital requirements of the company. General Corporate purpose.

    Hariom Pipe Industries Ltd Contact Details

    Hariom Pipe Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@hariompipes.com

    Website - www.hariompipes.com