New Swan Multitech IPO opens on Thursday. Check issue size, price band and other details
New Swan Multitech IPO is entirely a fresh equity issue of up to 50.16 lakh equity shares aggregating to Rs 33.11 crore. The company is offering its shares at Rs 62-66 apiece, and investors can bid for 2,000 shares in 1 lot.
By Akash Podishetti, ETMarkets.com |
Agencies
The initial public offering (IPO) of New Swan Multitech will open for subscription on January 11. The issue closes on January 15. Here are 10 things to know about the offer.
1) Swan Multitech overview
The company is an engineering-led manufacturer of complex and critical precision-engineered components and parts used in the automotive sector and agricultural implements designed to meet the diverse needs of modern farming.
2) Industry overview
From FY16-FY22, the Indian automotive industry registered a CAGR of 6.35% and was valued at $56.50 billion in FY22. Meanwhile, the agriculture sector holds the record for second-largest agricultural land in the world generating employment for about half of the country’s population. At current prices, agriculture and allied sectors account for 18.3% of India's GDP (2022- 23).
3) New Swan Multitech IPO size
The IPO is entirely a fresh equity issue of up to 50.16 lakh equity shares aggregating to Rs 33.11 crore.
4) New Swan Multitech IPO Price band
The company is offering its shares at Rs 62-66 apiece, and investors can bid for 2,000 shares in 1 lot.
5) New Swan Multitech Financial performance
For the fiscal year 2023, the company clocked total income of Rs 151.4 crore and a net profit of Rs 9.9 crore.
6) New Swan Multitech IPO Objectives
The net proceeds from the public offer will be used for funding capital expenditure towards purchase of machinery, repayment of borrowings, and working capital requirements.
7) New Swan Multitech IPO BRLM
Hem Securities and Share India Capital are acting as the lead manager to the issue and Bigshare Services is the registrar.
8) New Swan Multitech IPO structure
About 50% of the offer is reserved for qualified institutional investors, 35% for retail investors and the rest 15% for non-institutional investors.
9) New Swan Multitech IPO important dates
The IPO opens on January 11 and closes on January 15. The final allotment will likely be made on January 16. The company's shares will likely get listed on January 18.
10) New Swan Multitech IPO listing
The company's shares will get listed on the BSE SME platform.
1) Swan Multitech overview
The company is an engineering-led manufacturer of complex and critical precision-engineered components and parts used in the automotive sector and agricultural implements designed to meet the diverse needs of modern farming.2) Industry overview
From FY16-FY22, the Indian automotive industry registered a CAGR of 6.35% and was valued at $56.50 billion in FY22. Meanwhile, the agriculture sector holds the record for second-largest agricultural land in the world generating employment for about half of the country’s population. At current prices, agriculture and allied sectors account for 18.3% of India's GDP (2022- 23).3) New Swan Multitech IPO size
The IPO is entirely a fresh equity issue of up to 50.16 lakh equity shares aggregating to Rs 33.11 crore.4) New Swan Multitech IPO Price band
The company is offering its shares at Rs 62-66 apiece, and investors can bid for 2,000 shares in 1 lot.5) New Swan Multitech Financial performance
For the fiscal year 2023, the company clocked total income of Rs 151.4 crore and a net profit of Rs 9.9 crore.6) New Swan Multitech IPO Objectives
The net proceeds from the public offer will be used for funding capital expenditure towards purchase of machinery, repayment of borrowings, and working capital requirements.7) New Swan Multitech IPO BRLM
Hem Securities and Share India Capital are acting as the lead manager to the issue and Bigshare Services is the registrar.8) New Swan Multitech IPO structure
About 50% of the offer is reserved for qualified institutional investors, 35% for retail investors and the rest 15% for non-institutional investors.9) New Swan Multitech IPO important dates
The IPO opens on January 11 and closes on January 15. The final allotment will likely be made on January 16. The company's shares will likely get listed on January 18.10) New Swan Multitech IPO listing
The company's shares will get listed on the BSE SME platform.ADVERTISEMENT
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New Swan Multitech IPO allotment to be finalised today. Check status, GMP, listing date and other detailsADVERTISEMENT
