Hariom Pipe Industries IPO Details

Hariom Pipe Industries IPO subscription is to open on 30 March and will close on 05 April 2022, check the Hariom Pipe IPO GMP, Subscription Status & Allotment Status.

About Hariom Pipe Industries

Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. Hariom Pipe Industries use iron ore to produce Sponge Iron which is then processed across various stages to manufacture our final products viz. MS Pipes and Scaffolding making the manufacturing process cost-effective.

Hariom Pipe Industries cater to the southern and western Indian markets for the products. The MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by the company are used for captive consumption in the manufacturing MS Pipes and Scaffolding.

Hariom Pipe Industries manufacture MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering

Important Details – Hariom Pipe Industries

DateDetails
June 21, 2007The company was incorporated as Hari Om Concast And Steels Private Limited
December 12, 2017The name of the company was changed to Hariom Pipe Industries Private Limited
January 08, 2018Subsequently, the company was converted into to a public limited company and the name of the company was changed to Hariom Pipe Industries Limited

Objects of the Issue

  • Funding capital expenditure requirements;
  • Funding the working capital requirements of the Company; and
  • General corporate purposes.

Hariom Pipe Industries Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,881.96 17,374.03 13,967.72 10,335.11
Total income 20,116.00 25,482.31 16,115.05 13,391.56
Total Expenses 18,345.38 23,362.57 14,982.58 12,226.77
Profit After Tax 1,286.90 1,513.20 790.83 802.00

Hariom Pipes IPO Price – Details

DescriptionHARIOM IPO Details
Public IssueInitial Public Issue of upto 85,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 130.05 Crore)
Issue Open  Date30-Mar-22
Issue Close Date05-Apr-22
Issue TypeBook Building
IPO Price Band₹ 144 – ₹ 153
Face Value ₹ 10
Market Lot 98 Equity Shares and in multiples thereof
Minimum Order Quantity 98 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolHARIOM
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Hariom Pipe IPO DRHP & RHP

Hariom Pipe IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum198₹ 14,994
Maximum131274₹ 1,94,922

Hariom Pipe IPO Lead Managers

  • ITI Capital Limited

Hariom Pipe IPO Registrar

Hariom Pipe IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on30-Mar-22
Bid / Offer Closes on05-Apr-22
Finalisation of Basis of Allotment08-Apr-22
Initiation of refunds 11-Apr-22
Credit of the Equity Shares12-Apr-22
Listing Date13-Apr-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
lakhs)
NAV, as on March 31, 2021
(₹ per share)
Hariom Pipe Industries Limited1023.0225,482.3149.79
APL Apollo Tubes Ltd.29.586,05,200.07116.00
Hi-Tech Pipes Ltd1077.431,02,728.43154.99
Rama Steel Tubes Ltd.5222.4632,883.4752.68
JTL Infra Ltd213.2144,036.8691.36

Company Corporate Office

Plot 3-4-174/12/2, 1st Floor,
Samarpan Lane, Besides Spencer’s,
Pillar No. 125, Attapur,
Hyderabad – 500 048,
Telangana, India.

Company Registered Office

Plot 3-4-174/12/2,
2nd Floor, Samarpan Lane,
Besides Spencer’s,
Pillar No. 125, Attapur,
Hyderabad – 500 048,
Telangana, India
Website: www.hariompipes.com

Company Promoters

  • Rupesh Kumar Gupta
  • Sailesh Gupta

Also Read

Hariom Pipe Industries IPO – FAQS

What is the Hariom Pipe Industries IPO Price?

The Hariom Pipe Industries IPO price band is ₹ 144 – ₹ 153 per share

When Hariom Pipe Industries IPO will open?

The Hariom Pipe Industries IPO opens on Mar 30, 2022 and closes on Apr 05, 2022

What is the lot size of Hariom Pipe Industries IPO?

The Hariom Pipe Industries IPO lot size is 98 Equity Shares and the minimum order quantity is 98 Equity Shares

Who is the Registrar for Hariom Pipe Industries IPO?

The Registrar for Hariom Pipe Industries IPO is Bigshare Services Private Limited

How to apply in Hariom Pipe Industries IPO through UPI?

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How to apply in Hariom Pipe Industries IPO through Zerodha?

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