New Swan Multitech Ltd IPO
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New Swan Multitech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 50.16 L | TBA | ₹ 16.66 L | ₹ 140 L | BSE | ₹ 33.11 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 11 Jan, 24 | 15 Jan, 24 | 2000 | ₹ 1,24,000 | Book Building - SME | 18 Jan, 24 |
New Swan Multitech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Auto Ancillaries |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2380000 | 0 |
| NII | 0x | 714000 | 0 |
| Retail | 0x | 1666000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5016000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
New Swan Multitech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 18.25 | 151.16 | 145.47 |
| EBITDA | 22.15 | 20.88 | 11.48 |
| PAT | 9.39 | 10.06 | 3.76 |
| Total Assets | 96.78 | 73.49 | 57.98 |
| Share Capital | 19.02 | 3.50 | 3.50 |
| Total Borrowings | 56.61 | 50.24 | 52.61 |
| Operating Activities (Net Cash) | 13.29 | 13.44 | 6.73 |
| Investing Activities (Net Cash) | -8.05 | -7.92 | -7.44 |
| Financing Activities (Net Cash) | 56.61 | 50.24 | 52.61 |
| Net Cashflow | 12.22 | 2.31 | 2.16 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About New Swan Multitech Ltd
The Company was incorporated as New Swan Multitech Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 03, 2014 bearing registration No. 265736 issued by Registrar of Companies, Delhi and CIN U34100DL2014PLC265736.
Auto components Sector: India's auto component industry is an important sector driving macroeconomic growth and employment. The auto components industry accounted for 2.3% of India's GDP and provided direct employment to 1.5 million people. By 2026, the automobile component sector will contribute 5-7% of India's GDP. The Automotive Mission Plan (2016-26) projects to provide direct incremental employment to 3.2 million by 2026. From FY16-FY22, the industry registered a CAGR of 6.35% and was valued at US$ 56.50 billion in FY22. Agriculture and Allied Sector: India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for ~55% of India's population. The agriculture sector in India holds the record for second-largest agricultural land in the world generating employment for about half of the country's population. At current prices, agriculture and allied sectors account for 18.3% of India's GDP (2022- 23). As First Advance Estimates of the country's Agriculture and allied activities recorded a growth rate of 3.5-4% in FY 2021-22.
New Swan Multitech Limited is an engineering-led manufacturer of (i) complex and critical precision engineered components and parts used in automotive sector (auto components) and (ii) agricultural implements designed to meet the diverse needs of modern farming. Within the automotive sector, the company manufactures, procures and supplies a range of precision machined tubular assemblies, welded assemblies, precision brackets and sheet metal parts. Within the agricultural implements sector, the company designs, manufactures and supplies a comprehensive range of agricultural implements that cater to different aspects of farming such as soil preparation, sowing, crop management, harvesting and crop residue management.
Peer Comparison:
- Sansera Engineering Ltd
- Endurance Technologies Ltd
- JBM Auto Ltd
New Swan Multitech Ltd IPO Key Points
Strengths
- In-house Manufacturing capabilities.
- Large base of dealers and customers along with strong relationship.
- Wide Range of Products.
- Stringent quality control mechanism ensuring standardized product quality.
- Synergy of young and experienced management team with a committed employee base.
Risk
- The company depends significantly on the performance of automotive sector (particularly two-wheelers) and agricultural sector in India for sale of its products. Any adverse change in performance of these sectors could adversely affect its business and profitability.
- The company's business is dependent on the sale of its products to few key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The cyclical and seasonal nature of automotive sales and production could adversely affect its auto-components business.
Strategy
- Continue to invest in its technological capabilities.
- Expand its domestic presence in existing and new markets.
- Geographical reach through marketing network.
- Focus on consistently meeting quality standards.
- Maintaining cordial relationship with its Suppliers, Customer and employees.
- In-house Manufacturing capabilities.
- Large base of dealers and customers along with strong relationship.
- Wide Range of Products.
- Stringent quality control mechanism ensuring standardized product quality.
- Synergy of young and experienced management team with a committed employee base.
How To Apply for New Swan Multitech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
