New Swan Multitech SME IPO Insights: Analyzing Price Range, Allotment Date & Company Finances

New Swan Multitech's IPO comprises 50.16 lakh new shares totaling Rs 33.11 crore, priced at Rs 62-66 each. Investors can buy a minimum of 2,000 shares per lot.
New Swan Multitech SME IPO Insights: Analyzing Price Range, Allotment Date & Company Finances

Founded in 2014, New Swan Multitech Limited makes precision parts for cars and farming. They supply major auto brands and sell farm tools in 11 Indian states. Two factories in Punjab and Gujarat offer 300 products, earning over Rs. 15,000 lakhs in 2023.

The New Swan Multitech IPO, totaling ₹33.11 crores, offers 50.16 lakh fresh shares. Subscription opens on January 11, 2024, and closes on January 15. The allotment is set for January 16, with BSE SME listing on January 18. The price range is ₹62-₹66/share. The minimum lot is 2000 shares for retail investors, requiring ₹132,000; HNIs need two lots, costing ₹264,000.

New Swan Multitech Limited IPO GMP

The Grey Market Premium (GMP) experienced a significant increase, reaching Rs 36, 56% higher than the initial issue price of Rs 66 as of January 10. This surge suggests a potential listing price of Rs 103. The grey market operates as an informal trading environment where shares are traded before official allotment and up to the day of listing. Investors often monitor the GMP, known for its rapid and extreme fluctuations, as it provides an early indication of what the listing price might be.

New Swan Multitech Limited IPO Anchor Investors List

New Swan Multitech, a company launching its initial public offering (IPO), successfully attracted Rs 9.42 crore from key investors on January 10, 2024. This process is known as an anchor investment. They offered 1,428,000 shares for this. These anchor investors have a commitment period for their shares: half of their shares must be held until February 28, 2024 (30 days), and the rest until May 30, 2024 (90 days).

New Swan Multitech IPO – Price Band

The firm is making its shares available for Rs 62-66 each, and investors can place bids for one lot consisting of 2,000 shares.

New Swan Multitech IPO Financial Performance

In the financial year 2023, the company earned a total of 151.4 crore rupees and made a net profit of 9.9 crore rupees.

New Swan Multitech Limited IPO Allotment Date

The IPO of New Swan Multitech is expected to be available on the BSE SME platform and will likely be listed on January 18.

New Swan Multitech IPO Details

New Swan plans to use its Initial Public Offering (IPO) to buy new equipment for its manufacturing facility in Raian, Ludhiana. The funds will also be used to pay off debts, cover day-to-day business expenses, and other general company needs.

How do you apply for the New Swan Multitech IPO?

To apply for the New Swan Multitech Limited through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for New Swan Multitech Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application easily.

After the allotment process, check your allotment status to verify share allocation. Applying for the New Swan Multitech Limited IPO with Alice Blue is quick and straightforward!

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