AIK Pipes and Polymers IPO Date, GMP, Price, Allotment Details, Review and Daily updates.

AIK Pipes and Polymers has set its IPO date: It will launch on December 26 and close two days later on December 28. As an BSE SME IPO, its price band has been fixed at Rs89 with 1600 shares each costing just under this threshold price band.

AIK Pipes and Polymers was officially established on 19 September 2017, in accordance with the Companies Act 2013, through incorporation as “AIK Pipes and Polymers Private Limited,” through registration with Central Registration Centre. After several months, this company transformed to Public Limited Company status; changing from “AIK Pipes and Polymers Private Limited” to “AIK Pipes and Polymers Limited”, via Certificate of Incorporation from Jaipur Registry Center on the 19th June 2023.

AIK Pipes and Polymers IPO Date GMP Price Allotment Details Review and Daily updates

They are certified vendors with government agencies such as Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board in Rajasthan, offering customers superior HDPE pipes at cost-effective prices. Utilizing modern tools, this company has successfully created long-lasting but also budget-conscious HDPE pipes.Their products have received endorsement from several agencies such as BIS (Bureau of Indian Standards) as well as Central Institute of Petrochemicals Engineering and Technology of Indian Oil Corporation as well as GAIL.

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AIK Pipes and Polymers IPO Details:

AIK Pipes and Polymers has set its IPO date: It will launch on December 26 and close two days later on December 28. As an BSE SME IPO, its price band has been fixed at Rs89 with 1600 shares each costing just under this threshold price band.

Offer details and objectives:

SME IPO of 1,688,000 equity shares of face value Rs10 totalling Rs15.02 Crores with minimum order quantity being 1600 Shares. IPO will open for application on December 26, 2023 and close two days later on December 28, 2023.

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AIK Pipes and Polymers IPO Dates & Band Price 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
QIB Quota:[.]% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here

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AIK Pipes and Polymers IPO Market Lot :

AIK Pipes and Polymers has set its minimum market lot at 1600 shares with an application amount of Rs142,400.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹142,400
Retail Maximum11600₹142,400
S-HNI Minimum23200₹284,800

IPO Allotment & Listing Dates:

AIK Pipes and Polymers’ initial public offering date will be December 26, while its close date will be December 28. Allotment dates for AIK’s offering may take place as early as December 29; its listing could occur sometime around January 2nd.

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

Company Financial Report:

₹ in Crores
YearRevenueExpensePAT
2020₹10.21₹9.840.27
2021₹20.91₹19.640.88
2022₹30.78₹28.271.88
2023 3M₹14.00₹12.641.02

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Company details:

CategoryDetails
Peer GroupRex Pipes & Cables Industries Limited – Prince Pipes and Fittings Ltd
Company PromotersMr. Imran Khan – Ms. Tahira Sheikh
AIK Pipes and Polymers IPO RegistrarSkyline Financial Services Private Ltd Phone: 02228511022
Email: [email protected]
Website: Skyline Financial
AIK Pipes and Polymers IPO Allotment StatusCheck AIK Pipes and Polymers IPO allotment status on Skyline Financial website URL. Click Here
AIK Pipes and Polymers IPO Lead ManagersShreni Shares Limited
Company AddressAIK Pipes and Polymers Limited F-9 Vinayak Enclave, Vaishali Nagar, Jaipur 302021 Phone: +91-9672749800
Email: [email protected]
Website: AIK Pipes and Polymers

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Why AIK Pipes And Polymers IPO?

AIK Pipes And Polymers Limited’s initial public offer (IPO) offers stock market investors an early investment opportunity with AIK Pipes And Polymers. Through applying in IPO before AIK Pipes And Polymers shares get listed, an investor could acquire shares for short or long-term gains.

When AIK pipes and polymers IPO is coming?

December 26, 2023

What is the IPO rate of Venus pipes?

₹310 to ₹326 per share

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