New Swan Multitech Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

New Swan Multitech Ltd IPO

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.

New Swan Multitech Ltd IPO Details

Total Shares Offered

₹ 50,16,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,66,000

Pre Issue Promoters Holding

₹ 1,40,00,040

Exchange

BSE

Issue size

₹ 33.11 Cr

IPO Open Date

Jan 11, 2024

Close Date

Jan 15, 2024

Lot Size

2000

Min Investment

₹ 1,24,000

Issue Type

Book Building - SME

Listing Date

Jan 18, 2024

New Swan Multitech Ltd IPO Dates

Jan 11, 2024

Opening date

Jan 15, 2024

Closing date

Jan 16, 2024

Basis of Allotment

Jan 17, 2024

Initiation of Refunds

Jan 17, 2024

Credit of Shares

Jan 18, 2024

Listing date

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*
QIB	0x	2380000
NII	0x	714000
Retail	0x	1666000
Employee	0x	0
Total	0x	5016000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2380000

714000

1666000

5016000

New Swan Multitech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	18.66	18.25	151.16
EBITDA	22.75	22.15	20.88
PAT	11.52	9.39	10.06
Total Assets	104.35	96.78	73.49
Share Capital	19.02	19.02	3.50
Total Borrowings	54.33	52.32	50.24
Operating Activities (Net Cash)	15.61	13.29	13.44
Investing Activities (Net Cash)	-0.56	-8.05	-7.92
Financing Activities (Net Cash)	54.33	52.32	50.24
Net Cashflow	0.37	12.22	2.31

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.

Peer Comparison:

Sansera Engineering Ltd
Endurance Technologies Ltd
JBM Auto Ltd

New Swan Multitech Ltd 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.

How To Apply for New Swan Multitech Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the New Swan Multitech Ltd IPO?

New Swan Multitech Ltd's IPO offers shares for up to 33.11 It begins on Jan 11, 2024 and ends on Jan 15, 2024.

What is the price of the New Swan Multitech Ltd IPO?

The price of New Swan Multitech Ltd IPO ranges between ₹62 to ₹66 per share.

What are the open and close dates for the New Swan Multitech Ltd IPO?

The New Swan Multitech Ltd IPO opens on Jan 11, 2024 and closes on Jan 15, 2024.

When will the New Swan Multitech Ltd IPO be allotted?

The allotment for the New Swan Multitech Ltd IPO will be finalised on Jan 16, 2024. The shares will be listed on BSE and NSE on Jan 18, 2024.

What is the minimum lot size required for New Swan Multitech Ltd IPO?

The minimum lot size for New Swan Multitech Ltd IPO is 2000 shares, priced between ₹62 to ₹66 per share.

What is the GMP of New Swan Multitech Ltd IPO?

The GMP (Grey Market Premium) of New Swan Multitech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of New Swan Multitech Ltd IPO?

To check the allotment status of New Swan Multitech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the New Swan Multitech Ltd IPO getting listed?

The New Swan Multitech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 11, 2024, and closes on Jan 15, 2024. The allotment is finalised on Jan 16, 2024.

How do you apply for the New Swan Multitech Ltd IPO?

To apply for the New Swan Multitech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.