Hariom Pipe Industries Ltd IPO- March 30, 2022
Company Background
Hariom Pipe Industries Limited (Hariom Pipe) is a premium manufacturer of iron and steel products. Today, the company has gone from strength to strength, evolving into an integrated steel manufacturer with a stronghold in the South Indian market. With a diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils and Scaffolding Systems, their top-quality products cater to a variety of industrial applications across multiple sectors.
Business Information
MS Pipes are mostly sold through more than two hundred (200) distributors and dealers and the sale of MS Pipes and Scaffoldings to certain developers and contractors happens through directly as B2B sales. The key differentiator is their range of product specifications in terms of thickness, length, quality, availability and customised products.
Facts about the company
There are outstanding legal proceedings involving the company, promoters and certain directors
The steel and steel products industry is characterized by volatility in the prices of raw materials and energy
Payment delay or default in payments or deficiency in services, by any of the channel partners
Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.
Points to note before investing in Vernada Learning Solutions IPO
Environment friendly manufacturing process
Integrated nature of the operations
Any increase in prices and any decrease in the supply would have a material effect
Strategic location of manufacturing Units
Cost advantage in manufacturing the products
Competitive pricing of the products
IPO Opening Date | Mar 30, 2022 |
IPO Closing Date | Apr 5, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹144 to ₹153 per equity share |
Market Lot | 98 Shares |
Min Order Quantity | 98 Shares |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
Basis of Allotment Date | Apr 8, 2022 |
Initiation of Refunds | Apr 11, 2022 |
Credit of Shares to Demat Account | Apr 12, 2022 |
IPO Listing Date | Apr 13, 2022 |
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