The AIK Pipes IPO commenced on December 26, 2023, and concluded on December 28, 2023. The allotment of shares took place on December 29, 2023, and the initiation of refunds began on January 1, 2023. The shares were credited to the demat accounts of investors on January 1, 2023. Finally, the listing of AIK Pipes on the stock exchange occurred on January 2, 2023.
The AIK Pipes IPO was priced at ₹89 per share, with a lot size of 1600 shares. The total issue size was ₹15.02 crores, comprising a fresh issue of ₹15.02 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
AIK Pipes IPO Basic Details
| Company Name | AIK Pipes And Polymers Limited |
| Domain of Company | Manufacturing Pipes |
| AIK Pipes IPO GMP Today | ₹0 |
| AIK Pipes IPO Listing Gain | 0.00% |
| AIK Pipes IPO Open Date | December 26, 2023 |
| AIK Pipes IPO Close Date | December 28, 2023 |
| AIK Pipes IPO Allotment Date | December 29, 2023 |
| AIK Pipes IPO Listing Date | January 2, 2023 |
| Face Value | ₹10 per share |
| Price | ₹89 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,688,000 shares of ₹10 (aggregating up to ₹15.02 Cr) |
| Fresh Issue | 1,688,000 shares of ₹10 (aggregating up to ₹15.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Imran Khan and Ms. Tahira Sheikh |
AIK Pipes IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 24 December 2023 | ₹0 | 0.00% | – | – |
AIK Pipes and Polymers IPO Details:
Established in 2017, AIK Pipes and Polymers Limited creates pipes and fittings like HDPE, MDPE, and PPR pipes. These are crafted for various uses, such as water distribution, gas transmission, sewerage systems, and telecommunications.
Operating from three facilities in Jaipur, Rajasthan, which are leased, the company relies on a skilled team of engineers, technicians, and operators. They play a vital role in both the production and quality control of the products.
The pipes and fittings are approved by several authorities, including the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.
AIK Pipes holds a registration with the Government of Rajasthan as a supplier for water supply and sewerage management.
As of June 30, 2023, the company reported a total income of Rs. 1400.42 lakhs and an adjusted profit after tax of Rs. 101.97 lakhs.
The company is proud to be an ISO 9001:2015 certified entity. As of June 30, 2023, the company had 23 employees on its payroll.
AIK Pipes IPO More Details Click Here
AIK Pipes IPO FAQs
When is AIK Pipes IPO open?
AIK Pipes IPO will open on 26 December 2023.
When is AIK Pipes IPO Close?
AIK Pipes IPO will be closed on 28 December 2023.
What is AIK Pipes IPO GMP Today?
The AIK Pipes IPO GMP aka Grey Market Premium is ₹0.
What is AIK Pipes IPO Kostak Rates Today?
The AIK Pipes IPO Kostak Rate is ₹000.
What is AIK Pipes IPO Subject to Sauda Price Today?
The AIK Pipes IPO subject to sauda rates is ₹000.
AIK Pipes IPO Expected Returns?
The AIK Pipes expected return is 0.00%.
How much will be the listing gain in AIK Pipes IPO?
AIK Pipes IPO will get listing gain of 0.00%. (Approx.)
