Hariom Pipe Industries Ltd. IPO: Here’s How to Check Allotment Status

April 6, 2022 Trading 3 min read
Hariom Pipe Industries Ltd. IPO: Here’s How to Check Allotment Status

The Rs 130 crore initial public offering (IPO) of Hariom Pipe Industries Ltd., a manufacturer of steel products, received good response from investors with robust retail participation. The issue was subscribed 7.93 times on April 5, the last day of the bidding process. The public issue received bids for 6.74 crore equity shares against 85 lakh shares on offer, during March 30 to April 5.

The portion reserved for retail investors was subscribed 12.15 times, while that of non-institutional investors was subscribed 8.87 times. The qualified institutional buyers’ portion was subscribed 1.91 times.

Hariom Pipe Industries Ltd. IPO is a fresh issue of 85 lakh equity shares and is expected to garner Rs 130 crore at the higher end of the price band of Rs 144 – Rs 153. The company intends to utilise the IPO proceeds for funding capital expenditure and working capital requirements and general corporate purposes.

Hariom Pipe Industries Ltd. IPO allotment date has been fixed for April 8, 2022. The initiation of refunds is likely to take place on April 11 and shares will be credited to Demat Account on April 12, 2022. The IPO listing date is expected to be April 13, 2022.

Hariom Pipe Industries Ltd. IPO – Important Dates (Tentative)

Issue Opening Date March 30, 2022
Issue Closing Date April 5, 2022
IPO Size Rs 130 crore
Price Band Rs 144 to Rs 153
Bid Lot 98 shares and in multiples thereof
Face Value Rs 10 per share
IPO Allotment Date April 8, 2022
IPO Listing Date By April 13, 2022


Documents/details you will require to check Hariom Pipe Industries Ltd. IPO allotment status: 

  1. PAN Card Number
  2. DP client ID
  3. Application number

How to check Hariom Pipe Industries Ltd. IPO allotment status?

Investors who had bid for the Hariom Pipe Industries Ltd. IPO can check the allotment status of their application online, through these 2 modes: 

  1. The websites of BSE/NSE OR 
  2. The registrar – Bigshare Services Pvt Ltd.

How to check Hariom Pipe Industries Ltd. IPO allotment status through BSE/NSE website:

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select ‘Equity’ in ‘Issue Type’

Step 3: Select ‘Hariom Pipe Industries Ltd.’ in Issue Name

Step 4: Enter the Application Number or PAN

Step 5: Verify and click on ‘I’m not a robot’

Step 6: Click on ‘Search’

How to check Hariom Pipe Industries Ltd. IPO allotment status through registrar’s website:

Step 1: Visit https://ipo.bigshareonline.com/IPO_Status.html

Step 2: Select ‘Hariom Pipe Industries Ltd’ in the Company Selection option

Step 3: Select the Application Number/PAN Number Option in the drag down option

Step 4: Enter Application Number or PAN as required

Step 5: Click on ‘Search’

Once you hit ‘Search’, you will see one of these three statuses on the screen:

  1. Awaited
  2. Allocated
  3. Not allocated

Here’s how a typical IPO allotment search result page will look like:

  • BIKRT13889
  • Application Number: PK132577656175
  • Name: Mrs Shania Batra
  • Shares Applied: 50
  • Shares Allotted: 50

About – Hariom Pipe Industries Ltd.

Incorporated in 2007, Hariom Pipe Industries is an integrated manufacturer of Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company caters to the southern and western Indian markets for its products.

The company’s integrated plant at Mahabubnagar District in Telangana (Unit I) manufactures finished steel products from iron scrap and Sponge Iron. Its other plant at Anantapur District, Andhra Pradesh (Unit II) exclusively manufactures Sponge Iron. 

Hariom Pipe Industries mainly sells MS Pipes through more than 200 distributors and dealers. The company is also engaged with certain developers and contractors directly as B2B sales for the sales of its MS Pipes and Scaffoldings.

Financials – Hariom Pipe Industries Ltd.

Hariom Pipe Industries’ net profit in FY21 was at Rs 15.13 crore, recording a 91.5% growth as compared to the previous year. Its revenue rose 58% to Rs 254.13 crore. In H1FY22, the company reported a profit of Rs 12.87 crore on revenue of Rs 200.87 crore.

Management – Hariom Pipe Industries Ltd.

Pramod Kumar Kapoor is the Chairman and Independent Director of the company. 

Rupesh Kumar Gupta is the Promoter and Managing Director of the company. Sailesh Gupta is the Promoter and the Whole-time Director of the company. 

Sunita Gupta is the Non-Executive Director, while B. Shanti Sree and G. Rajender Reddy are the Independent Directors of the company. 

Amitabh Bhattacharya is the Chief Financial Officer of Hariom Pipe Industries and Ashish Agarwal is the Head – Marketing of the company. Chirag Partani is the Company Secretary and Compliance Officer of the company.

The promoters own a 99.10% stake in the company, which is likely to come down to 66% after the IPO, and the public holding will increase to 34% from 0.9%.

  • Estado de suscripción y asignación de IPO de Hariom Pipe Industries - Notiglobal - Noticias de Latinoamérica y el mundo says:

    […] Fuente […]

  • Hariom Pipe Industries IPO - Allotment Status A... says:

    […] Check the live and updated Hariom Pipe Industries IPO. All the details including Hariom Pipe Industries IPO Allotment Status and Subscription only on TradeSmart.  […]


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