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IPO

IPO Details


Aik Pipes & Polymers Ltd
Registered Office: F-9 Vinayak Enclave, Vaishali Nagar, Jaipur - 302021, Rajasthan
Phone: +91 9672749800 +91 7014671502
Email: info@aikpipes.com
Website: www.aikpipes.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Dec-2023 28-Dec-2023 ₹ 89.00 ₹ 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(₹)Cr. Lead Managers to the Issue
Project Cost 13.02 Shreni Shares Ltd
Project Financed through Current Offer 15.02
Post Issue Equity Share Capital 6.36
Issue Price ₹89.00
Projects
To meet the capital expenditure
To meet working capital requirement
General corporate expenses
Promoted By
Imran Khan
Tahira Sheikh
Listing At
BSE - SME
Registrar to the Issue
Skyline Financial Services Pvt

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)