Swastik Pipe Ltd - IPO

Swastik Pipe Ltd IPO Details

Initial public offer of 62,52,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Swastik Pipe Limited (Company or Issuer) for cash at a price of Rs. 100 per equity share (including a share premium of Rs.90 per equity share) aggregating Rs. 62.52 Crores (Issue) of which 3,14,400 equity shares of face value Rs. 10/- each for cash at a price ofRs. 100 per equity share aggregating Rs. 3.14 Crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 59,37,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100 per equity share, aggregating Rs. 59.38 Crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.91% and 25.56%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each. Issue Price: Rs.100 per equity shares of face value of Rs.10 each.The Issue Price is 10 Times of the face value of the Equity shares.

Objective of issue

Working Capital Requirement. General Corporate Purposes.

Swastik Pipe Ltd Contact Details

Swastik Pipe Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@swastikpipes.com

Website - www.swastikpipes.com