Hariom Pipe Industries IPO GMP, share price today, allotment date & status

The preliminary public providing (IPO) of Hariom Pipe Industries Limited is scheduled for March 30, 2023. For the IPO of Hariom Pipe Industries, it has set a value band of Rs 144-153 per share. The final date has been set for the IPO. Applied for Hariom Pipe Industries IPOWe present full data for a similar.

Hariom Pipe Industries IPO

The preliminary public providing (IPO) of Hariom Pipes will begin on March 30 and shut on April 5, 2023. It expects to boost Rs 130.05 crore by means of its maiden public providing. A full-service producer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, Billets and Sponge Iron, Hariom Pipes provides a variety of merchandise. This is used to generate sponge iron, which is then processed by means of a number of steps to fabricate our last items, which embrace ms pipes and scaffolding, leading to less expensive manufacturing for the corporate. There is a course of.

They manufacture MS Pipes and Scaffolding in multiple hundred and fifty (150) totally different specs. They reply to the wants of consumers in numerous industries, each instantly and thru distributors.

IPO GMP of Hariom Pipe Industries at the moment

It additionally goals to construct a producing facility in Sangareddy, Telangana with an annual capability of 51,943 tonnes, which is able to serve the native market. The enterprise plans to extend its gentle metal pipe manufacturing capability from the present 84,000 MT to 1,32,000 MT from 84,000 MT. This will result in building of two pipe mills and improve in furnace capability of the corporate from 95,832 to 1,04,232 MTPA.

Hariom Pipe Industries Lot Size 2023

As per studies, the IPO lot dimension of Hariom Pipe Industries is 98 shares. The most variety of tons that a person investor can apply for is 13 (1274 shares or 194,922). Hariom is a famend producer of MS Pipes and Scaffolding that we wish to introduce you to. In addition, the agency additionally manufactures HR Strips, MS Billets and Sponge Iron other than different merchandise.

Hariom Pipes IPO Membership Status 2023

Subscription to the general public situation will probably be accepted now and will probably be out there until April 5, 2023. The subscription standing of Hariom Pipes Initial Public Offering (IPO) reveals that the difficulty has been subscribed 0.15 instances until 10:43 am at the moment. In comparability, the retail element of the IPO has been subscribed 0.44 instances as of the identical time.

Market benefit of Hariom Pipe IPO

• Their interconnectedness characterizes their actions.
• Process for manufacturing that’s helpful to the atmosphere.
• Manufacturing models are strategically positioned in a metropolis.
• They have a aggressive edge in manufacturing items.
• A aggressive value is obtainable for his or her merchandise.
• Experienced and certified group.

Hariom Pipe Business

Apart from MS Pipes in numerous dimensions and shapes, Hariom Pipe Industries additionally manufactures Scaffolding, HR Strips, MS Billets and Sponge Iron. The agency’s items are bought to prospects in southern and western Indian markets. The firm markets and sells its MS Pipes underneath the title “Hariom Pipes” in these areas. In addition to captive consumption, the agency manufactures MS Pipes and Scaffolding utilizing Sponge Iron, MS Billets and HR Strips.

The agency manufactures MS Pipes and Scaffolding of greater than 150 totally different specs. It caters to the wants of consumers throughout numerous industries instantly and not directly by means of its distribution community. A small variety of builders and contractors are instantly served by the corporate by means of B2B gross sales of MS Pipes and Scaffolding.

Unit II of the Anantapur plant manufactures solely sponge iron. In distinction, Unit I of the Mahbubnagar plant in Telangana processes each iron scrap and sponge iron to make completed metal merchandise. In Anantapur district of Andhra Pradesh, they’ve one other plant (Unit II) fully devoted to sponge iron manufacturing. A significant portion of iron ore required for sponge iron manufacturing in Unit II is procured utilizing on-line bidding course of.