Incorporated in 2017, AIK Pipes And Polymers Limited is engaged in the manufacturing of a comprehensive range of HDPE (High-Density Polyethene) pipes, HDPE Fittings, MDPE (Medium-Density Polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector.
The company operates its business through its one manufacturing facility located in Govindgarh, Rajasthan. It derives 100% of its revenue from domestic operations. The company is focused on further integrating its operations and improving capacity utilization at its production facilities and
optimize product planning across product categories.
The Asia Pacific region is touted to be the largest market for HDPE pipes in the near future, with India accounting for a sizable share of global demand. India’s HDPE market is likely to witness a CAGR of 10.41% till 2026. On the back of expected demand, there are ample growth opportunities for the company.
AIK Pipes And Polymers Ltd IPO Details
AIK Pipes And Polymers Limited IPO Date
AIK Pipes And Polymers Limited IPO is a 100% fresh issue. The company has offered 16,88,000 new shares. AIK Pipes And Polymers Limited’s IPO will be listed on the BSE SME on January 02, 2024. It is a fixed-price issue IPO.
AIK Pipes And Polymers Limited IPO Price Band
The price of the IPO has been fixed at ₹89 per share.
AIK Pipes And Polymers Limited IPO Lot Size
The lot size of the IPO has been fixed at 1,600 shares.
AIK Pipes And Polymers Limited IPO Objectives
The objectives of AIK Pipes And Polymers Limited IPO are listed below
- To meet the capital expenditure requirements.
- Working capital requirements.
- General corporate purposes.
Peer Details
As per RHP, the company has 2 listed peers given below:
- Rex Pipes & Cables Industries Limited
- Prince Pipes and Fittings Ltd
How To Check the Allotment Status of the AIK Pipes And Polymers Limited IPO?
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Contact Details of AIK Pipes And Polymers Limited
Registered office: F-9 Vinayak Enclave, Vaishali Nagar, Jaipur302021, Rajasthan, India
Phone: +91-9672749800
E-mail:info@aikpipes.com
Company Financials
| Particulars (Rs in lakh) | Period Ending on June 30, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Income | 1,400.42 | 3,077.92 | 2,090.84 |
| Profit After Tax (PAT) | 101.97 | 187.74 | 87.90 |
| Assets | 1638.56 | 1450.50 | 968.13 |
| Net Worth | 662.47 | 560.50 | 202.76 |
| Total Borrowings | 429.91 | 538.09 | 432.17 |
Know before investing
Strengths
2The company operates a scalable business, and its business model is order-driven and comprises optimum utilization of its existing resources.
Looking forward, the company is planning to improve efficiencies to achieve cost reductions to achieve a competitive edge. This is likely to be supported by its focus on its domestic presence and economies of scale.
Risks
2The major portion of revenue comes from its top ten customers. Any loss of business from one or more of them may adversely affect its revenues and profitability.
The company is exposed to risks arising from any increase in the cost of raw materials or other purchases or a shortfall in the supply of its raw materials, which may adversely affect the pricing and supply of its products.
