AIK Pipes and Polymers share allocation is now complete. The registrar Skyline Financial Services Private Ltd online or the Bombay Stock Exchange website are the places where investors who applied for the company’s initial public offering (IPO) can verify the status of their allocation.
The allocation for the AIK Pipes and Polymers IPO is expected to be finished on Friday, December 29, 2023. The shares will be credited to the demat accounts of the allottees on Monday, January 1, 2024.
The Initial Public Offering (IPO) of AIK Pipes and Polymers is scheduled to go live on BSE SME on Tuesday, January 2, 2024. AIK Pipes and Polymers’ IPO price is Rs 89 per share.
Because a retail investor’s minimum lot size is 1600 shares, they must deposit at least Rs 142,400. HNIs are required to purchase a minimum of two lots, or 3,200 shares, for a total of Rs 284,800.
How to find out the status of your IPO allocation for AIK Pipes and Polymers
Use these methods to access the BSE website and view the AIK Pipes and Polymers IPO allotment status:
Step 1: Visit the allotment status page straight after logging in to the BSE website.
Step 2: Select “Equity” and then “AIK Pipes and Polymers Limited” from the list of company names.
Step 3: Fill in the provided box with your application number or PAN. After selecting the “I am not a robot” checkbox, press the “Search” button.
AIK Pipes and Polymers Limited was established in 2017 and produces PPR pipes, MDPE pipes, HDPE fittings, and pipes for the water and gas distribution, sewage systems, and communications industries.
The company leases three production facilities in Jaipur, Rajasthan, and runs them. A capable group of engineers, technicians, and operators work for the organization and are crucial to the production and quality assurance of the goods.
The Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, GAIL, and the Bureau of Indian Standards (BIS) are among the organizations that have certified these items. The Rajasthani government has AIK Pipes listed as a registered provider of water supply and sewage management services.
The company reported total revenue of Rs. 1400.42 lakhs and adjusted profit after tax of Rs. 101.97 lakhs as of June 30, 2023. The business holds an ISO 9001:2015 certification. 23 people were employed by the company as of June 30, 2023.
AIK Pipes and Polymers Limited’s financial information
AIK Pipes And Polymers Limited saw a rise in profit after tax (PAT) of 113.58% and a rise in revenue of 47.21% between March 31, 2022, and March 31, 2023.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,638.56 | 1,450.50 | 968.13 | 739.75 |
| Revenue | 1,400.42 | 3,077.92 | 2,090.84 | 1,020.54 |
| Profit After Tax | 101.97 | 187.74 | 87.90 | 26.99 |
| Net Worth | 662.47 | 560.50 | 202.76 | 84.86 |
| Reserves and Surplus | 194.97 | 433.00 | 132.76 | 44.86 |
| Total Borrowing | 429.91 | 538.09 | 432.17 | 382.88 |
The company’s principal strengths are as follows:
Relationships with Customers: Our goods’ vital nature and our technological know-how have led to long-standing relationships with customers that are based on trust and loyalty.
Scalable Business Model: We guarantee scalability without sacrificing quality by effectively maximizing the resources that are already available. In addition to keeping current clients, our aggressive marketing strategies bring in new ones.
Order fulfillment on Time: We place a high priority on order fulfillment on time by using economical manufacture. Our emphasis on an effective procurement strategy guarantees that we rapidly satisfy client requests.
Quality Assurance: The esteemed ISO 9001:2015 certification attests to our dedication to quality. Our ability to produce high-quality products gives us a competitive advantage due to our strict commitment to quality standards throughout the manufacturing process.
Risk:
Large revenue contribution from the top ten clients.
significant purchases from the top ten vendors.
Past examples of negative cash flows’
The plastic processing industry has benefited from the advancements achieved by the petrochemical industry in recent years, particularly in the area of plastic machinery.
Approximately 30,000 units in India make plastic products using a variety of methods. As the amount used per person increases, plastic is becoming more important in all industries.
With the establishment of plastic parks for improved manufacturing, the Indian Ministry of Commerce hopes to raise plastic exports to $25 billion by 2025. Based on these trends, AIK Pipes and Polymers Ltd is expected to gain advantages. However, it’s advisable to carefully review valuations prior to considering the IPO.