Here is a full Summary of New Swan Multitech Limited SME IPO Details. Keep visiting daily for important dates. You can bid for this IPO between 11th Jan 2024 to 15th Jan 2024. You can apply through a minimum amount of ₹132000, 2000 shares (1 Lot) and between the price range of ₹62 to ₹66.
Table of Contents
ABOUT COMPANY
New Swan Multitech Limited was established in 2009 and is a part of the New Swan Group. The New Swan Group has been growing steadily for three decades under stable leadership, sound business practices, and a corporate culture that strives to be the best in the industry.
New Swan has established strong business relations with companies from Europe, the Middle East, Asia, and some African countries. New Swan Multitech Limited is a leading and reputable manufacturer-exporter of high-quality farm machinery in India. The company started with the production of farm machinery parts and then specialized in producing farm machinery in our state-of-the-art plant with the brand name SWAN AGRO. We have been accredited with ISO, QS, and TS certifications for following world-class management systems and manufacturing high-quality products.
They specialize in producing precise and complex components for the automotive industry, which are called “auto components.” They also manufacture agricultural implements that are used in farming.
New Swan Multitech produces precision machined tubular assemblies, welded assemblies, precision brackets, and sheet metal parts for the automotive sector. The company manufactures link assembly engine hangers, hinge body covers, front cover stay components, seat catch components, fuel filler cap components, main stand complete assemblies, front fender stay assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and various other parts for two-wheeler vehicles. It also produces brackets for passenger car vehicles, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and air cleaner inlet hose brackets.
New Swan Multitech provides a comprehensive range of agricultural implements for modern farming. These include rotovators, seeders, weeders, planters, diggers, spreaders, mulchers, puddlers, levellers, ploughs, and more.
Promotors
New Swan Multitech is powered by the expertise and dedication of our three exceptional promoters, Upkar Singh, Kanwardeep Singh, and Barunpreet Singh Ahuja. Their leadership and vision have been instrumental in establishing and growing the business.
THE ISSUE
The company is offering 50,16,000 fresh equity shares.
IPO Issue Size – ₹33.11 Cr
Minimum Investment – ₹132000
NEW SWAN MULTITECH LIMITED SME IPO IMPORTANT DATES
| Opening Date | 11th Jan 2024 |
| Closing Date | 15th Jan 2024 |
| Allocation Date | 16th Jan 2024 |
| Refund Initiation Date | 17th Jan 2024 |
| Demat Transfer Date | 17th Jan 2024 |
| IPO Listing Date | 18th Jan 2024 |
| Issue Price | ₹66 Per Share |
| Lot Size | 2000 shares |
| Face Value | ₹10 Per Share |
Also Read : AUSTRALIAN PREMIUM SOLAR (INDIA) LTD SME IPO DETAILS
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- Funding of capital expenditure towards the 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 Purposes.
NEW SWAN MULTITECH LIMITED SME IPO FINANCIAL INFO
| Period | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Total Assets | 138.01 | 128.76 | 123.48 | 117.69 |
| Revenue | 77.88 | 151.42 | 145.52 | 149.60 |
| Profit After Tax | 4.97 | 9.91 | 3.63 | 3.42 |
| Total Borrowing | 47.99 | 39.15 | 48 | 45.80 |
The company is financially good and has low debt compared to assets. The assets are growing and Profit and Revenue are also growing year on year. The Profit increased by 173% from Year 2022 to 2023. So we recommended this IPO for the future also as agriculture is the requirement of today and future also.
We/I are not SEBI Registered, we advise accordingly our research please bid for IPO at your own risk.
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