New Swan Multitech IPO is a book built issue of Rs 33.11 crores. The issue is entirely a fresh issue of 50.16 lakh shares.
New Swan Multitech IPO opens for subscription on January 11, 2024 and closes on January 15, 2024. The allotment for the New Swan Multitech IPO is expected to be finalized on Tuesday, January 16, 2024. New Swan Multitech IPO will list on BSE SME with tentative listing date fixed as Thursday, January 18, 2024.
New Swan Multitech IPO price band is set at ₹62 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
Hem Securities Limited and Share India Capital Services Private Limited are the book running lead managers of the New Swan Multitech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to New Swan Multitech IPO DRHP for detailed information.
About New Swan Multitech Limited
Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The company’s product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles.
They also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and passenger car air cleaner inlet hose brackets.
For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat.
As of September 30, 2023, the company’s product portfolio comprises 300 SKUs of agricultural equipment and auto parts.
In the automotive industry, the company’s customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra.
In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.
New Swan Multitech IPO Details
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹62 to ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,016,000 shares (aggregating up to ₹33.11 Cr) |
| Fresh Issue | 5,016,000 shares (aggregating up to ₹33.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,000,240 |
| Share holding post issue | 19,016,240 |
New Swan Multitech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
New Swan Multitech IPO Timeline (Tentative Schedule)
New Swan Multitech IPO opens on January 11, 2024, and closes on January 15, 2024.
| IPO Open Date | Thursday, January 11, 2024 |
| IPO Close Date | Monday, January 15, 2024 |
| Basis of Allotment | Tuesday, January 16, 2024 |
| Initiation of Refunds | Wednesday, January 17, 2024 |
| Credit of Shares to Demat | Wednesday, January 17, 2024 |
| Listing Date | Thursday, January 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2024 |
New Swan Multitech IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
New Swan Multitech IPO Promoter Holding
The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
New Swan Multitech Limited Financial Information (Restated)
New Swan Multitech Limited’s revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,876.43 | 12,348.80 | 11,769.68 |
| Revenue | 15,142.17 | 14,552.40 | 14,960.55 |
| Profit After Tax | 991.93 | 363.14 | 342.63 |
| Net Worth | 2,981.75 | 1,989.82 | 1,626.68 |
| Reserves and Surplus | 2,631.74 | 1,639.81 | 1,276.67 |
| Total Borrowing | 3,915.70 | 4,800.59 | 4,580.55 |
| Amount in ₹ Lakhs | |||
