Swastik Pipes Ltd.

The Swastik Pipes Ltd. IPO has a total issue size of ₹63 crore, calculated at the upper end of the price band.

The Swastik Pipes Ltd. IPO is priced at ₹97–100 per share. Retail bids must fall within this price band, against a face value of ₹10 per share.

The lot size for the Swastik Pipes Ltd. IPO is 1,200 shares, which is also the minimum order quantity — you have to apply for at least 1,200 shares, and in multiples of 1,200 beyond that.

The minimum investment in the Swastik Pipes Ltd. IPO is about ₹1,16,400 — one lot of 1,200 shares, calculated at the lower end of the price band.

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Swastik Pipes Ltd. IPO opens on 29 Sept 2022 and closes on 3 Oct 2022.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Swastik Pipes Ltd. shares were listed on 12 Oct 2022 on NSE.

Skyline Financial Services Pvt Ltd is the registrar for the Swastik Pipes Ltd. IPO.

The registrar processes the basis of allotment, refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone 91-011-26812682/84 and email admin@skylinerta.com.

Swastik Pipes Ltd. IPO shares are listed on NSE.

Each Swastik Pipes Ltd. share has a face value of ₹10.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

1. 1.To meet out the Working Capital requirements of the Company
2. 2.To meet out the General Corporate Purposes
3. 3.To meet out the Issue Expenses

Corporate Capital Ventures Pvt Ltd. is the book running lead manager for the Swastik Pipes Ltd. IPO.

Pre-apply means placing your Swastik Pipes Ltd. IPO application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the basis of allotment for retail investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Swastik Pipes Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the price band or at the cut-off price, and the money stays blocked in your bank account until the basis of allotment is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Swastik Pipes Ltd. IPO bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.