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Hariom Pipe IPO – Details
Hariom Pipe Industries Limited filed the draft papers for its initial public offering on 18 September 2021 with the market regulator, Securities and Board Exchange of India (SEBI). With SEBI’s approval, the company is all set to launch its public issue to raise Rs. 130 crores.
This public offering comprises only a fresh issue of 85,00,000 equity shares amounting to Rs. 130 crores. For further details on Hariom Pipe Industries Limited IPO, refer to the table below:
Issue Type
Book Built
Listing at
BSE & NSE
Price Band
Rs. 144 to Rs. 153
per equity share
Minimum Order Quantity
98 shares
Face Value
₹10
per equity share
Market Lot
98 shares
Issue Type
Book Built
Listing at
BSE & NSE
Price Band
Rs. 144 to Rs. 153
per equity share
Minimum Order Quantity
98 shares
Face Value
₹10
per equity share
Market Lot
98 shares
Listing at NSE, BSE
Hariom Pipe Industries Limited IPO Important Dates
| IPO Open Date | 30 March 2022 |
|---|---|
| IPO Close Date | 5 April 2022 |
| Basis of Allotment Publication Date | 8 April 2022 |
| Initiation Of Refunds | 11 April 2022 |
| Credit Of Shares To Demat Account |
12 April 2022 |
| Minimum Order Quantity | 13 April 2022 |
Hariom Pipe IPO Latest News and Subscription Status Today [Live]
- Day 5 : 5 April 2022
- Day 4: 4 April 2022
- Day 3 : 1 April 2022
- Day 2 : 31 March 2022
- Day 1: 30 March 2022
At 11:00:00 AM.
- This IPO has been subscribed 4.02x by 11:00 AM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.83x
- (NII) Non-institutional buyers: 2.56x
- (RII) Retail Individual buyers: 8.23x
At 12:05:00 PM.
- This IPO has been subscribed 4.35x by 12:05 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.93x
- (NII) Non-institutional buyers: 2.70x
- (RII) Retail Individual buyers: 8.94x
At 1:05:00 PM.
- This IPO has been subscribed 5.03x by 01:05 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:1.26x
- (NII) Non-institutional buyers: 3.53x
- (RII) Retail Individual buyers: 9.77x
At 2:15:00 PM.
- This IPO has been subscribed 5.47x by 02:15 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:1.44x
- (NII) Non-institutional buyers: 4.20x
- (RII) Retail Individual buyers: 10.18x
At 3:05:00 PM.
- This IPO has been subscribed 6.18x by 03:05 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:1.71x
- (NII) Non-institutional buyers: 5.04x
- (RII) Retail Individual buyers: 11.14x
At 4:30:00 PM.
- This IPO has been subscribed 7.88x by 04:30 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:1.91x
- (NII) Non-institutional buyers: 8.87x
- (RII) Retail Individual buyers: 12.00x
At 5:05:00 PM.
- This IPO has been subscribed 7.93x by 05:05 PM. on Day 5
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:1.91x
- (NII) Non-institutional buyers: 8.87x
- (RII) Retail Individual buyers: 12.15x
At 11:05:00 AM.
- This IPO has been subscribed 2.79x by 11:05 AM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.44x
- (NII) Non-institutional buyers: 1.67x
- (RII) Retail Individual buyers: 5.92x
At 12:45:00 PM.
- This IPO has been subscribed 2.80x by 12:45 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.44x
- (NII) Non-institutional buyers: 1.68x
- (RII) Retail Individual buyers: 5.94x
At 01:40:00 PM.
- This IPO has been subscribed 2.90x by 01:40 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.44x
- (NII) Non-institutional buyers: 1.71x
- (RII) Retail Individual buyers: 6.20x
At 02:20:00 PM.
- This IPO has been subscribed 2.97x by 02:20 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.44x
- (NII) Non-institutional buyers: 1.73x
- (RII) Retail Individual buyers: 6.37x
At 03:20:00 PM.
- This IPO has been subscribed 3.15x by 03:20 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.69x
- (NII) Non-institutional buyers: 1.76x
- (RII) Retail Individual buyers: 6.64x
At 04:12:00 PM.
- This IPO has been subscribed 3.36x by 04:12 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.82x
- (NII) Non-institutional buyers: 1.91x
- (RII) Retail Individual buyers: 7.00x
At 05:05:00 PM.
- This IPO has been subscribed 3.44x by 05:05 PM. on Day 4
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.83x
- (NII) Non-institutional buyers: 1.93x
- (RII) Retail Individual buyers: 7.18x
At 01:35:00 PM.
- This IPO has been subscribed 1.73x by 01:35 PM. on Day 3
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 4.25x
At 02:20:00 PM.
- This IPO has been subscribed 1.75x by 02:20 PM. on Day 3
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 4.32x
At 03:25:00 PM.
- This IPO has been subscribed 1.81x by 03:25 PM. on Day 3
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 4.49x
At 04:20:00 PM.
- This IPO has been subscribed 1.86x by 04:20 PM. on Day 3
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 4.63x
At 05:20:00 PM.
- This IPO has been subscribed 1.88x by 05:20 PM. on Day 3
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers:0.44x
- (NII) Non-institutional buyers: 0.33x
- (RII) Retail Individual buyers: 4.66x
At 10:20:00 AM.
- This IPO has been subscribed 0.80x by 10:20 AM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 2.25x
At 11:20:00 AM.
- This IPO has been subscribed 0.89x by 11:20 AM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 2.49x
At 12:35:00 PM.
- This IPO has been subscribed 1.00x by 12:35 PM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 2.80x
At 01:25:00 PM.
- This IPO has been subscribed 1.12x by 01:25 PM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.26x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 2.92x
At 02:20:00 PM.
- This IPO has been subscribed 1.21x by 02:20 PM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.38x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 3.05x
At 04:10:00 PM.
- This IPO has been subscribed 1.44x by 04:10 PM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.31x
- (RII) Retail Individual buyers: 3.44x
At 05:05:00 PM.
- This IPO has been subscribed 1.48x by 05:05 PM. on Day 2
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.44x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 3.55x
At 10:40:00 AM.
- This IPO has been subscribed 0.21x by 10:40 AM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.60x
At 11:40:00 AM.
- This IPO has been subscribed 0.41x by 11:40 AM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers:1.17x
At 1:20:00 PM.
- This IPO has been subscribed 0.48x by 1:20 PM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 1.38x
At 2:30:00 PM.
- This IPO has been subscribed 0.57x by 2:30 PM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 1.60x
At 3:30:00 PM.
- This IPO has been subscribed 0.61x by 3:30 PM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 1.72x
At 4:30:00 PM.
- This IPO has been subscribed 0.64x by 4:30 PM. on Day 1
- It is a public issue of 1,17,88,365 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 1.81x
About Hariom Pipe Industries Limited
A part of the prestigious Hariom Group, Hariom Pipe Industries Limited is a Hyderabad-based manufacturing company incorporated in 1962. It manufactures pipes & tubes, mild steel (MS) billets, scaffolding systems, and hot-rolled (HR) coils. Besides, this company also caters to different sectors, including automotive, mining, housing, power, agriculture, solar power, engineering and infrastructure.
It produces over 200 products marketed and distributed around South India. In addition, to meet the specific needs of its customer, the company also manufactures tailor-made products. It has established a network of over 200 distributors and dealers. Moreover, it has manufacturing units in Andhra Pradesh (Unit II) and Telangana (Unit I).
Hariom Pipe Industries Limited IPO Objectives
- Meeting working capital requirements
- Providing funds for its capital expenditure
- Fund for general corporate purposes
Why should you invest in Hariom Pipe Industries Limited IPO?
One should invest in Hariom Pipe Industries Limited IPO because of the advantages it holds over the market. They are -
- Due to its contribution to a broad spectrum of end-user industries, it has many customers. For example, Hariom Pipe Industries Limited caters to solar, housing, automotive and many other sectors. It has a wide application in core infrastructure industries.
- There is a growth opportunity, too, as the company plans to set up a manufacturing plant in the districts of Sangareddy, Telangana. The estimated capacity it plans for plants to produce equals 51,943 tonnes in a year.
- There is a substantial rise in the profit margin compared to last year. In fact, the company doubled its net profit after tax to Rs. 15.13 crores in the financial year 2021.
Financial highlights
For making a better investment decision, here's an overview of the financial highlights of Hariom Pipe Industries Limited over the past three years:
| Financial Year | Total Assets in Lakhs | Total Income in Lakhs | Profit After Tax in Lakhs |
|---|---|---|---|
| FY 2021 | Rs. 17,374.03 | Rs. 25,482.31 | Rs. 1,513.20 |
| FY 2020 | Rs. 13,967.72 | Rs. 16,115.05 | Rs. 790.83 |
| FY 2019 | Rs. 10,335.11 | Rs. 13,391.56 | Rs. 802.00 |
How to apply for Hariom Pipe Industries Limited IPO?
One can follow any of the below-mentioned processes to apply for Hariom Pipe Industries Limited IPO.
If you are a first-time investor, you can find investing from the Angel One platform pretty straightforward. Also, there is no application cost involved. So, investors can create their Demat account through this forum by signing in. Firstly, complete the registration process and provide the required documents for access. Once logged in, it is effortless to apply for Hariom Pipe Industries Limited IPO or any other public offerings.
UPI
The second way of applying for Hariom Pipe Industries Limited IPO is via your UPI ID. Link it to your Angel One account after connecting your UPI with your preferred bank account. You can choose either the mobile app or your browser to do the same. Upon linking, you can bid on any public offerings you want.
Hariom Pipe Industries Limited IPO - Noteworthy Highlights
The following are some noteworthy highlights Hariom Pipe Industries Limited has achieved over the years.
- There are 150 different specifications in products like the Scaffoldings and MS Pipes that the company manufactures.
- It has received ISO 2830 as of 2012 and ISO 9001 certification as of 2015.
- The company has even started manufacturing GP/GI tubes with a thickness ranging from 1.2 mm to 3.0 mm, while NB varies between 20 mm to 125 mm.
- Hariom Pipe Industries Limited is situated in Telangana, started its operation in 2007 and now caters to both Southern and Western parts of India.
Hariom Pipe Industries Limited IPO - SWOT Analysis
Strengths
- The different operation carried out by Hariom Pipe Industries Limited is highly integrated.
- The company enjoys a cost advantage on the products it manufactures.
- Its products have a competitive rate of pricing strategy.
- Hariom Pipe Industries Limited has strategically planned the location of its manufacturing units.
- Its way of manufacturing is environmentally friendly.
Weaknesses
- As the company deals in the steel manufacturing industry, raw materials and energy prices highly influence its pricing.
- If, due to market conditions, the price structure of the company increases and supply decreases, it can have a material effect on the company.
- Hariom Pipe Industries is geographically limited as it has not yet started international trade. So, the market condition has a direct impact.
- There are some contingent liabilities that the company has not yet accounted for and which may change the financial statement.
Opportunities
- It offers tailor-made products to its customers. So, it maintains a good customer base that can expand even more in future.
- The company has a stronghold in the South Indian market and offers its customers 150 different specifications among its products.
- It differentiates itself in the market based on its top-notch quality, availability, and customisation.
- It has located its Unit-II in South India, one of the iron ore hubs, thus allowing them to receive increased demand in the future.
Threats
- There is a chance for the company to suffer through a bad image name if someone launches low-quality counterfeit products.
- The company uses extreme heat and fire in producing items, so the government may charge fines for accidents.
- Considering the industry it runs in, the company has to suffer through cut-throat competition.
Competitive Analysis: Market Peers
Hariom Pipe Industries Limited is a progressive manufacturer with different market competitors. They include -
| Company Name | Market Capitalisation | Net Profit Margin |
| APL Apollo Tubes Ltd. | Rs. 22,688.32 crores | 4.23% |
| Hi-Tech Pipes Ltd. | Rs. 626.67 crores | 1.70% |
| Rama Steel Tubes Ltd. | Rs. 545.55 crores | 2.63% |
| JTL Infra Ltd. | Rs. 1,441.50 crores | 4.60% |
