Hariom Pipe IPO subscribed 1.9x on Day-2 on heavy retail curiosity





Hairom Pipe Industries’ IPO was subscribed practically two instances on Friday. The problem closes on Tuesday. The retail portion of the problem is subscribed 4.7 instances. By the IPO, the corporate is trying to increase Rs 130 crore in contemporary capital.


The value band for the IPO is Rs 144-153 per share.


The corporate is an built-in producer of delicate metal pipes, scaffolding, HR strips, MS billets and sponge iron. In FY21, it had clocked web revenue of Rs 15.13 crore on complete earnings of Rs 254.82 crore.


Following the IPO, the corporate could have a market cap of just about Rs 400 crore.

Expensive Reader,

Enterprise Customary has at all times strived laborious to supply up-to-date data and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how you can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your help by extra subscriptions may also help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor



Supply hyperlink