Hariom Pipe Industries IPO: The new financial year has started. IPO (Initial Public Offering) of many companies are going to be launched in this new financial year. At the same time, IPOs of some companies are open. One company in this is Hariom Pipe Industries.
Hariom Pipe IPO will be open till 5th April 2022. The company has fixed the price band of Hariom Pipe Industries at 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. As of April 1st, the IPO of Hariom Pipes was oversubscribed 1.88 times.
Let us tell you that minimum one lot and maximum 13 lots can be applied for. There are 98 shares in one lot. The allotment of shares will take place on April 8 and those who do not get the shares, the refund will start from April 11. The listing of the company can happen on April 13.