Jaipur-based pipe manufacturing company AIK Pipes and Polymers is set to launch its Initial Public Offering (IPO) on December 26, with a price band fixed at Rs 89 per share.
The IPO is scheduled to close on December 28, and the company aims to issue 16.88 lakh new shares, targeting a fundraising goal of Rs 15.02 crore.
Upon completion, AIK Pipes’ shares will be listed on the SME platform of the BSE.
Investment Insights: Lot Size and Application Details
AIK Pipes has set the minimum lot size for application at 1,600 shares, with subsequent multiples in increments of 1,600 equity shares.
Interested investors looking to participate in this IPO will need to invest Rs 1,42,400 for one lot.
The funds raised from the offering will be allocated towards capital expenditure, meeting working capital requirements, and covering general corporate expenses.
Business Focus: AIK Pipes and Polymers in a Nutshell
AIK Pipes and Polymers specializes in manufacturing MDPE (Medium Density Polyethylene) pipes and PPR (Polypropylene Random) pipes.
These products cater to diverse sectors, including water distribution, gas transmission, sewerage systems, and the telecom industry.
The company’s strategic positioning in essential sectors reflects its commitment to providing vital infrastructure components.
Key Players: Management of the IPO
Shreni Shares Limited assumes the crucial role of the book-running lead manager for the AIK Pipes IPO.
Skyline Financial Services has been appointed as the registrar for the offering, ensuring a seamless process for investors.
As the anticipation builds for AIK Pipes and Polymers’ market debut, investors and industry enthusiasts await the SME platform listing on the BSE. Stay tuned for more updates on this promising IPO in the coming weeks.
