Swastik Pipe IPO subscription status started on Thursday, September 29, 2022 and will close on October 3, 2022. Swastik Pipe IPO to raise around ₹62.52 crores via IPO. The retail quota is 50%, and HNI is 50%. The price band is fixed at ₹97 to ₹100 per equity share. The IPO to list on NSE.
Swastik Pipe Limited is one of the leading manufacturers and exporters of T.T.swastik Band high-quality Mild Steel/Carbon Steel ERW Black and Galvanized Pipes/ Tubes Since 1973. They are also manufacturing LINE PIPES as per APL Spec.5L since December 2005. They offer steel pipes and tubes in various shapes and sizes such as square, round, rectangular, triangular, elliptical, or any special shapes.
IPOWatch View:
We recommend investors may apply an IPO with Caution (Avoid). Investors should also look at the Retail and HNI numbers before investing. You can check the Swastik Pipe IPO allotment status here.
Swastik Pipe IPO Subscription Status
Last Updated on Day 3 at 5:00
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.56 | 0.76 | 1.37 |
| RII | 0.09 | 0.22 | 1.33 |
| Total | 0.33 | 0.49 | 1.35 |
Swastik Pipe IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Swastik Pipe IPO Review
- Avoid
Swastik Pipe IPO Date & Price Band
| Swastik Pipe IPO Open: | September 29, 2022 |
| Swastik Pipe IPO Close: | October 3, 2022 |
| Swastik Pipe IPO Size: | Approx ₹62.52 Crores, 6,252,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Swastik Pipe IPO Price Band: | ₹97 to ₹100 Per Equity Share |
| Swastik Pipe IPO Listing on: | NSE 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 |
Swastik Pipe IPO Market Lot
| Minimum IPO Lot Size: | Minimum 1200 shares for 1 lot |
| Minimum Amount: | ₹120,000 for 1 lot |
Swastik Pipe IPO Subscription Dates
| Swastik Pipe IPO Open Date: | September 29, 2022 |
| Swastik Pipe IPO Close Date: | October 3, 2022 |
| Basis of Allotment: | October 7, 2022 |
| Refunds: | October 10, 2022 |
| Credit to Demat Account: | October 11, 2022 |
| Swastik Pipe IPO Listing Date: | October 12, 2022 |
Swastik Pipe IPO Form
How to apply Swastik Pipe IPO? You can apply Swastik Pipe IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Swastik Pipe IPO in the Invest section. The other option you can apply Swastik Pipe IPO via IPO forms download via the NSE website. Check out the Swastik Pipe forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
