Hariom Pipe Industries Ltd - IPO

Hariom Pipe Industries Ltd IPO Details

Initial public issue of up to 85,00,000 equity shares of face value of Rs. 10.00 each of Hariom Pipe Industries Limited (The Company or The Issuer) for cash at a price of Rs. 153 per equity share (including a share premium of Rs. 143 per equity share) (Issue Price) aggregating up to Rs. 130.05* crores (The Issue). The issue will constitute 33.36% of the post issue paid up equity share capital of the company. *Subject of finalisation of basis of allotment The face value of equity shares is Rs. 10 each. The price band is Rs. 153 per equity share of face value of Rs. 10.00 each. The floor price is 15.3 times of the face value of equity shares. Bids can be made for a minimum of 98 equity shares and in multiples of 98 of equity shares thereafter.

Objective of issue

Funding Capital Expenditure Requirements. Funding the working capital requirements of the company. General Corporate purpose.

Hariom Pipe Industries Ltd Contact Details

Hariom Pipe Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@hariompipes.com

Website - www.hariompipes.com