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News Details

28/03/2022 11:50

Hariom Pipe Industri announces launch of initial public offering

Hariom Pipe Industries Ltd. has announced public offering of 8500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 143.00 per share. The gross proceeds of the issue are expected to be Rs 13,005.00 lakhs.

The company's initial public offer (IPO) will open on 30 March 2022 and is expected to close on 05 April 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 144.00-153.00 per share.

The IPO includes a fresh Issue of 8500000 Equity Shares of the Company at an price of Rs 153.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 98 shares with bids in multiples of 98.

Hariom Pipe Industries Ltd. anticipates using the proceeds of the issue for .

ITI Capital Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.