Hariom Pipe Industries Limited IPO : Issue opens 30th Mar 2022
Hariom Pipe Industries Limited manufactures iron and steel products including Mild Steel (MS) Pipes, Scaffolding, HR Strips, MS Billets, and Sponge Iron. The company sells and markets MS Pipes in the western and southern parts of India under the brand name "Hariom Pipes". As part of the B2B sales, the company sells MS Pipes and Scaffoldings to specific developers and contractors. Hariom Pipe Industries has more than 200 dealers and distributors for selling its products. The company is located in Hyderabad, Telangana.
The company operates two plants, one at Mahabubnagar District in Telangana (Unit I) that manufactures finished steel products from iron scrap and sponge iron and the second plant at Anantapur District, Andhra Pradesh (Unit II) that only manufactures Sponge Iron.
Hariom Pipe Industries has more than 200 employees, 1400 plus Retailers distribution network, 150 plus manufacturing specifications, and a total of 300832 MT manufacturing capacity.
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure requirements.
- Funding the working capital requirements of our Company.
- General corporate purposes
Competitive Strengths:
- Integrated nature of our operations.
- Environment-friendly manufacturing process.
- The strategic location of manufacturing Units.
- Cost advantage in manufacturing our products.
- Competitive pricing of our products.
- Experienced & Qualified Team.
Company Promoters: Rupesh Kumar Gupta and Sailesh Gupta are the company promoters
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