New Swan Multitech Limited IPO
New Swan Multitech Limited is a part of NEW SWAN GROUP. New Swan Group since 3 decades has grown steadily under stable leadership, sound business practices and corporate culture that strive to be best in the industry. New Swan has very strong business relations with companies from Europe, Middle East, Asia and some African countries. New Swan Multitech Limited is one of the leading reputed manufacturer-exporter of high quality farm machineries in India. The company established the working of farm machinery and then specialized in production of farm machinery in the state of art plant with the brand name SWAN AGRO. NSML is accredited by ISO, QS & TS certification for following world class management systems and manufacturing world class products.
NSML under brand SWAN AGRO has diverse range of products which include Rotary Tiller, Disc Plough, Disc Harrow, Potato Planter, Potato Digger, Potato Harvester, Roto Seeder, Seed Drill, Zero Till, Mulcher, Reaper & Binder, Straw Reaper, SubSoiler, Post Hole Digger, Trailers, Fertilizer spreader, Rotary Slasher, Baler, Combine Harvester, etc. 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 price band is set at ₹62 to ₹66 per share. The minimum lot size for an application is 2000 Shares.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. The market maker for New Swan Multitech IPO is Hem Finlease.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
New Swan Multitech Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
New Swan Multitech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | January 18, 2024 |
| 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 |
| Market Maker portion | 256,000 shares Hem Finlease |
New Swan Multitech Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 Limited IPO Lot Size
| 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.62% |
Competitive Strength:
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New Swan Multitech Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 13,801.10 | 7,788.21 | 497.53 | 3,479.28 | 4,799.12 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 12,876.43 | 15,142.17 | 991.93 | 2,981.75 | 3,915.70 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 12,348.80 | 14,552.40 | 363.14 | 1,989.82 | 3,915.70 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 11,769.68 | 14,960.55 | 342.63 | 1,626.68 | 4,580.55 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.27% |
| ROCE | 24.86% |
| Debt/Equity | 1.31 |
| RoNW | 33.27% |
| P/BV | 0 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.09 | 5.22 |
| P/E (x) | 9.32 | 12.65 |
Objectives of New Swan Multitech IPO
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
- 1. Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana
- 2. Repayment of a portion of certain borrowing availed by the company
- 3. To meet working capital requirements
- 4. General Corporate Purpose.
New Swan Multitech IPO Review
The company is engaged in diverse businesses in the automotive and agricultural sectors. It has creamy customers and has posted boosted margins from FY23 onwards. The sustainability of such margins going forward remains a concern. The issue appears reasonably priced based on its annualized super earnings for FY24. Investors may park funds for the medium to long term rewards.
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Frequently asked Questions (FAQs )
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What is New Swan Multitech Limited's IPO?
The New Swan Multitech Limited is a fresh IPO of 5,016,000 shares, aggregating ₹33.11 crore. The price range of the IPO is ₹62 to ₹66 per share. The IPO will open on January 11, 2023.
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When will New Swan Multitech Limited's IPO be allotted?
The Basis of Allotment will happen on Tuesday, January 16, 2024.
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When will New Swan Multitech Limited's IPO open for subscription?
The IPO subscription window will open on Thursday, January 11, 2024.
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What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.
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When will New Swan Multitech Limited list on exchanges?
New Swan Multitech Ltd IPO will be listed on the BSE SME on Thursday, January 18, 2024.
