Hariom Pipe Industries Ltd. IPO

Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron.

RHP
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DRHP
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Open Date

2022-03-30

Close Date

2022-04-05

IPO Details

Check out the issue details for Hariom Pipe Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 153

Price Band

₹ 144 - 153

Issue Size

130.05 Cr.

Issue Type

Book Built

Open

2022-03-30

Close

2022-04-05

Listingprice

₹ 220

ListingGain

43.79%

Listing Date

2022-04-13

CMP

₹ 525

Current Return

243.14%

Company Financials

You can get the following financial statements of Hariom Pipe Industries Ltd. as of now.

Subscription Details

The details about the Hariom Pipe Industries IPO is as:

  • The issue size of the IPO is 130.05 Cr.
  • The price band ranges from Rs 144 to Rs 153.
  • The shares of Hariom Pipe Industries will list on 13th April 2022.
  • The latest tentative GMP of Hariom Pipe Industries IPO is Rs _.
  • The shares of Hariom Pipe Industries have been subscribed 7.93 times as of 5th April 2022.

Hariom Pipe Industries Valuation

The approx valuation of Hariom Pipe Industries IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 153
Existing Shares (Qty) 1.69 Cr
Fresh Issue 130.05 Cr
Market Cap 388.62 Cr
EPS (FY21) Rs 10.64 
PE Ratio 14.3x
Industry PE 57.3x

 

Hariom Pipe Industries IPO Issue Size

Hariom Pipe Industries IPO issue size is 130.05 Cr

Issue Amount
Fresh Issue 130.05 Cr
Offer For Sale  0 Cr

 

Hariom Pipe Industries IPO Market Lot

An Individual can apply for a minimum 1 lot of 98 shares and a maximum of 13 lots of 1274 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 98 Rs 14,994
 Maximum 13 1274 Rs 1,94,922

 

Hariom Pipe Industries IPO share offer

The shares of Hariom Pipe Industries have been subscribed 7.93 times as of 5th April 2022. The category-wise shares subscribed are as follows:: 

Category % Offered Subscription
Qualified Institutional Maximum 30% 1.91 Times
Non-Institutional Minimum 35% 8.87 Times
Retail Individual Minimum 35% 12.15 Times
Total   7.93 Times

 

 

Allotment Details

Find below the dates for Hariom Pipe Industries IPO:

Schedule Date
Basis of Allotment 8 April 2022
Refunds 11 April 2022
Credit to Demat Account 12 April 2022
IPO Listing Date 13 April 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 133.6 160.78 254.14 430.57 643.71
Total Expenditure 116.57 137.29 219.86 374.45 561.83
Operating Profit 17.03 23.49 34.28 56.12 81.88
Other Income 0.32 0.37 0.68 2.72 0.75
Interest 3.55 7.37 7.51 8.19 10.38
Depreciation 2.15 5.16 6.26 8.11 9.42
Exceptional Items 0 0 0 0 0
Profit Before Tax 11.65 11.32 21.2 42.54 62.83
Provision for Tax 3.63 3.42 6.07 10.58 16.62
Net Profit 8.02 7.91 15.13 31.96 46.21
Adjusted EPS (Rs.) 0 0 0.89 1.88 1.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 13.23 13.23 16.96 16.98 27.62
Total Reserves 22.86 35.07 53.83 84.04 347.55
Borrowings 31.63 27.17 33.94 34.5 125.19
Other N/C liabilities 1.07 2.39 3.79 3.51 5.79
Current liabilities 34.56 61.82 65.22 76.88 203.03
Total Liabilities 103.35 139.68 173.74 215.91 709.18
Assets
Net Block 42.82 49.5 58.9 53.56 134.53
Capital WIP 0 0.13 8.33 10.06 103.19
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.02 0.02 0.21 1.18 40.8
Other N/C Assets 0.24 0.62 0.64 0.67 1.01
Current Assets 60.28 89.42 105.66 150.45 429.66
Total Assets 103.35 139.68 173.74 215.91 709.18
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 0.11 0.13 1.11 0.94 2
Profit Before Tax 14.05 23.56 19.75 20.23 13.8
Tax 3.9 6.31 4.31 5.45 3.98
Profit After Tax 10.15 17.25 15.44 14.78 9.81
Adjusted EPS (Rs) 3.98 6.25 5.59 5.35 3.55

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 60.91 0
Sep 2023 60.91 0
Jun 2023 60.91 0
Mar 2023 60.92 0
Dec 2022 66.03 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 11.65 11.32 21.2 42.54 62.83
Adjustment 5.38 12.17 13.09 13.58 19.06
Changes in Assets & Liabilities -9.44 -21.11 -19.99 -45.64 -164.72
Tax Paid -4.38 -1.86 -3.86 -6.76 -17.73
Operating Cash Flow 3.22 0.52 10.43 3.72 -100.57
Investing Cash Flow -31.89 -12.04 -23.47 -4.16 -221.52
Financing Cash Flow 32.35 9.21 12.09 -0.21 426.06
Net Cash Flow 3.68 -2.31 -0.95 -0.65 103.97
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