New Swan Multitech IPO Date, Price, Review Allotment Details

New Swan Multitech IPO Details: No specific date has yet been set, although their BSE SME IPO opens for subscription on January 11, 2024. Their price band for their offering has been fixed at Rs 62-65, with market lots starting from January 11, 2024.

About New Swan Multitech:

New Swan Multitech was established in 2014 as an engineering-led manufacturer specializing in complex and critical precision engineered automotive components (“auto components”) as well as agricultural farm machinery designed to meet modern farming’s diverse demands (“agricultural implements”). Within automotive, they produce precision machined tubular assemblies, welded assemblies, precision brackets and sheet metal parts as well as agricultural implements designed specifically to address them.

New Swan Multitech IPO Date Price Band Allotment Details 1

New Swan Multitech agricultural has implements sector, they design, produce, and supply an expansive selection of implements that cater to various aspects of farming including soil preparation, sowing, crop management, harvesting and residue disposal. Their offerings in this segment include various rotavators, seeders (super and regular seeders), weeders, potato planters/diggers/digger/planter digger/digger diggers as well as mulchers puldlers puddlers mulchers laser land levelers disc plows etc – these and many more agricultural implements all manufactured out of Ludhiana Punjab in Punjab.

Auto components are manufactured at their manufacturing unit located in Village Vithlapur in Ahmedabad, Gujarat which opened for business during FY 2015-16. Situated on 10 acres and equipped with various machinery such as Robotic Welding Machines, lathe machines, surface grinder machines, press machines and paint shop setup, their products undergo stringent quality tests at our laboratories ensuring conformance to desired quality specifications.

Automotive products offered by our company for two-wheeler vehicles include assembly engine hangers, hinge body covers, front cover stay components and fuel filler cap components, as well as complete assemblies featuring engine guard plates, rear brake arm assemblies, separator breathers cable guide assemblies battery tray components – among many more essential pieces.

Farming equipment produced by this company includes rotovators, seeders, super seeders, weeders, potato planters/diggers/planter diggers/digger diggers; fertilizer spreaders; mulchers; puddlers; laser land levellers/disc ploughs as well as various other agricultural implements.

Agriculture components manufacturing facilities can be found at Raian in Ludhiana and Vithlapur village near Ahmedabad in Gujarat respectively.

On September 30, 2023, the product portfolio for our company included 300 SKUs of agricultural equipment and auto parts.

Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra are among the company’s automotive customers, while 200 dealers across 11 Indian states receive agricultural implements from this distributor – Punjab, Rajasthan, Jammu & Kashmir, Karnataka Tamil Nadu Haryana Uttar Pradesh Madhya Pradesh Bihar Jharkhand Maharashtra

In Fiscal 2023, operating income amounted to Rs 15,116.04 lakhs.

Pros of New Swan Multitech:

  • Diversified product offering: They specialize in agricultural machinery that includes tillage equipment, planting and harvesting equipment and postharvest machinery to meet customers’ varying needs while spreading risk across a wide array of market segments.
  • Export Experience: New Swan Multitech has established an impressive export business and they are sells their products across Europe, the Middle East, Asia and Africa. Which give them access to larger markets while diversifying revenue sources.
  • When we tock about quality New Swan Multitech stands out with an emphasis on quality: they hold ISO and TS certifications both for their quality management systems and manufacturing processes, which has enabled them to build trust among their customers while creating a competitive advantage in the marketplace.
  • New Swan Multitech has built up an exceptional reputation since opening their business over 10 years ago in India, becoming one of the leading producers of agricultural machinery. They boast strong brand connected with consumers as a reliable manufacturer offering premium quality machines with in reasonable costs.

Cons of New Swan Multitech:

  • While they are one of the leading agricultural machinery firms in India, their market share still falls far short of some larger international agricultural machinery providers – leaving them more exposed to economic downturns or changes in agricultural practices than larger international firms.
  • Dependence on Agriculture: Their business relies heavily on agriculture, which can be volatile due to weather patterns, commodity price changes and government policies.
  • Competiton: New Swan Multitech could find its margins and market share under pressure as competition intensifies in India and internationally. New entrants entering from both locations pose potential threats.
  • Reach in Rural Market: Their reach may be more limited in rural and remote markets compared to large competitors with wider distribution networks.
  • Potential Volatility in Initial Public Offerings (IPOs): Recent IPOs can experience higher initial volatility levels that pose risks to investors.

Offer details and objectives:

  • Repayment of a portion of certain borrowing availed by the company
  • To meet working capital requirements.
  • Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana..
  • General Corporate Purposes.

New Swan Multitech IPO Dates & Band Price Details:

IPO Open:January 11, 2024
IPO Close:January 15, 2024
IPO Size:Approx ₹33.11 Crores, 5,016,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹62 to ₹66 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here

New Swan Multitech IPO Market Lot :

Investors may bid on at least __ shares and in multiples thereof, as per the table below, detailing retail investors and HNI investors’ minimum and maximum investments both in terms of shares and amounts.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹132,000
Retail Maximum12000₹132,000
S-HNI Minimum24000₹264,000

New Swan Multitech IPO Allotment & Listing Dates:

New Swan Multitech plans an initial public offering (IPO) date and close date in January 2024, allotment date on January 2024 and listing of shares by January 2024.

IPO Open Date:January 11, 2024
IPO Close Date:January 15, 2024
Basis of Allotment:January 16, 2024
Refunds:January 17, 2024
Credit to Demat Account:January 17, 2024
IPO Listing Date:January 18, 2024

New Swan Multitech Company Financial Report:

₹ in Crores
YearRevenueExpensePAT
2021₹149.61₹144.73₹3.43
2022₹145.52₹140.45₹3.63
2023₹151.42₹137.68₹9.92
2024

Company details:

CategoryDetails
Peer GroupSansera Engineering Limited
Endurance Technologies Limited
JBM Auto Limited
Company PromotersUpkar Singh
Barunpreet Singh Ahuja
Kanwardeep Singh
New Swan Multitech IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: Bigshare
New Swan Multitech IPO Allotment StatusCheck New Swan Multitech IPO allotment status on Bigshare website URL. Click Here.
New Swan Multitech IPO Lead Managers– Hem Securities Limited
– Share India Capital Services Private Limited
Company AddressNew Swan Multitech Limited
310, Vardhman Crown Mall, Plot No. 2, Sector-19,
District Court Complex, Dwarka
New Delhi, South West Delhi – 110 075
Phone: +91-161-4346000
Email: [email protected]
Website: Swan Agro

Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

What Is New Swan Multitech IPO Investors Portion?

QIB investors’ portions comprise 50%, 15% from National Infrastructure Initiative and 35% for Retail sales.

What is New Swan Multitech IPO Price Band?

New Swan Multitech’s Initial Public Offering Price Band stands at Rs 62-65 per equity share.

What is New Swan Multitech IPO Minimum and Maximum Lot Size?

The bid includes 200 shares for Rs 132000.

What is the price of Swan Rotavator 9 feet?

Swan Agro 9-Feet Rotavators start from INR 160,000 and go all the way up to INR 160,000. Their 9 feet models have become extremely popular among Indian farmers for this price point.

What is the price of rotavator 7 feet tractor?

This 7 feet rotavator offers features like 45-50 horsepower tractor implementation, Shear Bolt driveline safety linkage, 4-speed PTO gearbox and L-type blade for L-type blade work. In India it costs Rs 1,43,000. *

How many feet is a 42 blade rotavator?

Weight 433 Kg; Smooth functioning leading to reduced fuel usage and fuel savings.

Read Also:

Jyoti CNC Automation IPO Date,Price, Review, Allotment Details

EbixCash IPO Date, Allotment Details, Price Band

Waaree Energies IPO – Open/Close Date, IPO Price, Key factors

Maashitla IPO Allotment Status: A Comprehensive Guide

Official Bazar for the latest updates on upcoming IPOs and their reviews. Additionally, connect with us on Twitter, Facebook, and Instagram to stay informed. For our most recent video content, be sure to subscribe to our YouTube channel. Thank you for your continued support.

Leave a Comment