AIK Pipes and Polymers was originally incorporated on September 19, 2017, as “AIK Pipes and Polymers Private Limited.” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted into a Public Limited Company, and the name of the company was changed from “AIK Pipes and Polymers Private Limited” to “AIK Pipes and Polymers Limited” vide fresh certificate of incorporation dated June 19, 2023, issued by the Registrar of Companies, Jaipur.
The company has a well-equipped manufacturing facility. It has the latest technology and equipment that helps in the production of high-quality HDPE pipes of different sizes. Their manufacturing facility is fully automated. The company also has a well-trained team of engineers, technicians, and operators that help in the production and quality control of the products. The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from the organisation, Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.
They are registered vendors with government organizations such as the Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board all over Rajasthan. The Company has always strived to provide its clients with the best HDPE pipes in the market. With the help of the latest technology and equipment, the company has been able to produce high-quality HDPE pipes that are not only durable but also affordable.
Objects of the Issue:
- To Meet Working Capital Requirement.
- To Meet the Capital Expenditure.
- General Corporate Purpose
AIK Pipes and Polymers IPO Review
- May Apply
AIK Pipes and Polymers IPO Date & Price Band Details
| IPO Open: | December 26, 2023 |
| IPO Close: | December 28, 2023 |
| IPO Size: | Approx ₹15.02 Crores, 1,688,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹89 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
AIK Pipes and Polymers IPO Market Lot
The AIK Pipes and Polymers IPO minimum market lot is 1600 shares with a ₹142,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹142,400 |
| Retail Maximum | 1 | 1600 | ₹142,400 |
| S-HNI Minimum | 2 | 3200 | ₹284,800 |
AIK Pipes and Polymers IPO Dates
The AIK Pipes and Polymers IPO date is December 26 and the IPO close date is December 28. The IPO allotment date is December 29 and the IPO might list on January 2.
| IPO Open Date: | December 26, 2023 |
| IPO Close Date: | December 28, 2023 |
| Basis of Allotment: | December 29, 2023 |
| Refunds: | January 1, 2024 |
| Credit to Demat Account: | January 1, 2024 |
| IPO Listing Date: | January 2, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
AIK Pipes and Polymers IPO Form
How to apply AIK Pipes and Polymers IPO? You can apply AIK Pipes and Polymers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the AIK Pipes and Polymers IPO in the Invest section. The other option you can apply AIK Pipes and Polymers IPO via IPO forms download via the BSE website. Check out the AIK Pipes and Polymers forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
AIK Pipes and Polymers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹10.21 | ₹9.84 | ₹0.27 |
| 2022 | ₹20.91 | ₹19.64 | ₹0.88 |
| 2023 | ₹30.78 | ₹28.27 | ₹1.88 |
| 2024 3M | ₹14.00 | ₹12.64 | ₹1.02 |
AIK Pipes and Polymers IPO Valuation – FY2023
Check AIK Pipes and Polymers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.13 per Equity Share |
| Price/Earning P/E Ratio: | 21.54 |
| Return on Net Worth (RoNW): | 33.50% |
| Net Asset Value (NAV): | ₹43.96 per Equity Share |
Peer Group
- Rex Pipes & Cables Industries Limited
- Prince Pipes and Fittings Ltd
Company Promoters
- Mr. Imran Khan
- Ms. Tahira Sheikh
AIK Pipes and Polymers IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
AIK Pipes and Polymers IPO Allotment Status
Check AIK Pipes and Polymers IPO allotment status on Skyline Financial website URL. Click Here
AIK Pipes and Polymers IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
AIK Pipes and Polymers Limited
F-9 Vinayak Enclave,
Vaishali Nagar
Jaipur 302021
Phone: +91-9672749800
Email: [email protected]
Website: https://www.aikpipes.com/
