New Swan Multitech Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,380,000 (47%) | — | ₹1,571 Cr |
| NII (HNI) | — | 714,000 (14%) | — | ₹471 Cr |
| Retail | — | 1,666,000 (33%) | — | ₹1,100 Cr |
| Market Maker | — | 256,000 (5%) | — | ₹17 Cr |
| Σ Total | — | 5,016,000 (100%) | — | ₹33,106 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹132,000 |
| Retail (Max) | 13 | 26,000 | ₹1,716,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,848,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,844,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 7,788 | 15,142 | 14,552 |
| Profit After Tax | 498 | 992 | 363 |
| Net Worth | 3,479 | 2,982 | 1,990 |
| Total Assets | 13,801 | 12,876 | 12,349 |
| Reserves & Surplus | 2,079 | 2,632 | 1,640 |
| Total Borrowing | 4,799 | 3,916 | 4,801 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana –
- Repayment of a portion of certain borrowing availed by the company –
- To meet working capital requirements –
- General Corporate Purpose. –
Company Overview
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.