Hariom Pipes IPO subscribed 1.9x on second day at heavy retail curiosity




The IPO of Heirom Pipe Industries was virtually double subscribed on Friday. The problem closed on Tuesday. The retail portion of the difficulty has been subscribed 4.7 occasions. The corporate is seeking to elevate contemporary capital of Rs 130 crore by means of IPO.

The worth band of the IPO is Rs 144-153 per share.

The corporate is an built-in producer of Delicate Metal Pipes, Scaffolding, HR Strips, MS Billets and Sponge Iron. In FY 2011, it had made a internet revenue of Rs 15.13 crore on a complete revenue of Rs 254.82 crore.

After the IPO, the corporate’s market cap might be round Rs 400 crore.

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