New Swan Multitech IPO: Check out Issue Size, Reserve Portion & More

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by Sandip Das on 11 January 2024,  4 min read

New Swan Multitech IPO: Check out Issue Size, Reserve Portion & More - MyDhanush Blogs by Ashika
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On January 11, 2024, the subscription process for the IPO of New Swan Multitech commenced. The IPO will close on January 15, 2024. The offering consists of an entirely fresh equity issue, with up to 50.16 lakh equity shares, totaling Rs 33.11 crore. The company is presenting its shares at a price range of Rs 62-66 per share, and investors can bid for 2,000 shares in 1 lot.

About the company:

The company, leading in engineering-manufactured precision components, specializes in producing intricate and vital precision-engineered components used in the automotive sector and agricultural implements. These cater to the diverse needs of modern farming.

The extensive product portfolio includes various automotive items such as engine hangers, hinge body covers, fuel filler cap components, front cover stay components, main stand complete assemblies, and engine guard plates. It also includes rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and various other essential parts specifically designed for two-wheeler vehicles.

Company Financials

Particulars September 30, 2023 March 31, 2023
Revenue 7,788.21 15,142.17
Profit After Tax 497.53 991.93

Issue Size

The IPO involves an entirely fresh equity issue, comprising up to 50.16 lakh equity shares. It aggregates to Rs 33.11 crore.

Also read: Jyoti CNC Automation IPO: Check Out Price Band, Bidding Amount & More

IPO Reserve Portion

  • Qualified institutional investors: Around 50 percent of the offer
  • Retail investors: 35 percent of retail investors
  • Non-institutional investors: 15 percent of the issue.

Objectives of the Issue

The company plans to allocate the net proceeds generated from the public offer to fund capital expenditure. This allocation includes the purchase of machinery, repayment of borrowings, and meeting working capital requirements.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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