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Specialised Pipe Producer, Swastik Pipes Restricted introduced that it has obtained approval from NSE Emerge its preliminary public providing (IPO). It had not too long ago filed a filed a draft pink herring prospectus (DRHP) for with NSE Emerge. The Challenge measurement contains of issuance of as much as 62.51 Lakhs Fairness Shares of face worth of₹.10/- every absolutely paid-up shares via the book-building course of.
The corporate plans to concern 62.51 lakh shares via the preliminary public providing. Near 40 per cent of the problem will likely be reserve for QIB, round 20 per cent for HNI’s and 35 per cent for retail buyers. The corporate has appointed Company Capital Ventures Non-public Ltd because the lead managers to the problem. Whereas Skyline
Monetary Service Non-public Ltd as been appointed as Registrar to the problem.
Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi
Aggarwal. The corporate is a number one producer and exporter of T.T. Swastik Band prime quality Gentle Metal/Carbon Metal ERW Black and Galvanized Pipes/Tubes since 1973. It has two state of artwork manufacturing vegetation in Haryana and Uttar Pradesh with manufacturing capability of 20,000 MT per thirty days. In these previous couple of
years, the corporate has diversified into manufacturing of Photo voltaic Module Mounting Construction, Metal Tubular Poles, GI Construction of rural electrification and so on.
Its key prospects embrace Reliance Industries, BHEL, Coal India, DMRC, EIL, Hindustan
Zinc, L&T, NALCO, NTPC, ABB Ltd. and so on. It’s marquee prospects unfold over
many nations starting from USA, UK, UAE, Australia, Qatar, Germany, Belgium,
Mauritius, Ethiopia and Kuwait. For the 12 months ended March 2022, the corporate
reported a turnover of Rs ** crore and a internet revenue of Rs ** crore.
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