Hariom Pipe IPO: If you were waiting for Initial Public Offering (IPO), then this is the right time for you. Actually, IPOs of many companies have been launched in the last few days. This includes the IPO of Hariom Pipe Industries Limited. This IPO will be open for investors till 5th April 2022. Let’s know the details of the IPO.
Hariom Pipe Industries has fixed the price band for the IPO from Rs 144 to Rs 153 per equity share. Iron and steel products maker Hariom Pipes aims to raise Rs 130.05 crore by issuing 8,500,000 fresh equity shares.
A bidder can apply for a minimum of one lot and a maximum of 13 lots. One lot will consist of 98 shares.
-Hariom Pipes shares have not yet made their debut in the gray market. Hence, the company’s IPO GMP is not available at the moment.
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The allotment of shares of Hariom Pipes will be done on April 8 and those who do not get the shares, the refund will start from April 11. The listing of shares of Hariom Pipes may happen on April 13.