
Emerging SME Services · BSE
Incorporated in 2014, New Swan Multitech Limited specializes in manufacturing precision-engineered components for the automotive and modern farming sectors. The company's automotive product portfolio includes assembly engine hangers, hinge body covers, fuel filler cap components, engine guard plates, brake arm assemblies, and various brackets for two-wheeler and passenger vehicles. In the agricultural sector, it produces rotovators, seeders, potato planters, fertilizer spreaders, disc ploughs, and other farming implements. The company operates manufacturing facilities in Raian, Ludhiana, Punjab, for agricultural equipment and Vithlapur, Ahmedabad, Gujarat, for auto parts. As of September 30, 2023, it offers 300 SKUs and serves clients like Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra in the automotive segment, while distributing agricultural implements through 200 dealers across 11 Indian states. In FY 2023, the company reported an operating income of ₹15,116.04 lakhs.
Price Band
₹62 – ₹66
Issue Size
₹33.11 Cr
Lot Size
2000 shares
GMP
+80.3%
Est. Listing
₹119
at current GMP
Subscribed
384.33x
overall
Open
11 Jan 2024
Close
15 Jan 2024
Allotment
16 Jan 2024
Refund
17 Jan 2024
Demat Credit
18 Jan 2024
Listing
18 Jan 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
16 Jan 2024
Basis finalization
Refunds Initiate
17 Jan 2024
Mandate release
Demat Credit
18 Jan 2024
Shares in demat
Listing Debut
18 Jan 2024
Trading begins
New Swan Multitech Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹33.11 Crores. The shares are offered at a price band of ₹62 to ₹66 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-01-15, the basis of allotment is scheduled to be finalized on 2024-01-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.