Hariom Pipe Industries IPO Subscription Status

Hariom Pipe Industries IPO Subscription Status

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Hariom Pipe Industries IPO Subscription Status

The IPO is subscribed 7.93 times as of  5th April 2022

Category Status
Retail Individual: 12.15 times
Qualified Institutional: 1.91 times
Non Institutional: 8.87 times
Employee: NA
Total: 7.93 times

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How much Hariom Pipe IPO subscribed?

The IPO subscribed 7.93x times on day 5.

IPO Important Dates

Offer End: 05 Apr 2022
Allotment Finalisation: 08 Apr 2022
Refund Initiation: 11 Apr 2022
Listing: 13 Apr 2022

About the Company

Hariom is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. It uses iron ore to produce Sponge Iron which is then processed across various stages to manufacture its final products viz. MS Pipes and Scaffolding making its manufacturing process cost-effective. It caters to the southern and western Indian markets for its products. Its MS Pipes are marketed and sold in these geographies under the brand name “Hariom Pipes”. Substantial portion of the Sponge Iron, MS Billets and HR Strips produced by us are used for captive consumption in the manufacturing MS Pipes and Scaffolding. It manufactures MS Pipes and Scaffoldings of more than one hundred fifty (150) different specifications and cater, directly and indirectly, to customer requirements in various sectors such as housing, infrastructure, agriculture, automotive, power, cement, mining, solar power and engineering.