New Swan Multitech SME IPO
Basic information about the company: Established in 2014, New Swan Multitech Limited specializes in the precision manufacturing of components for two key sectors: the automotive industry and modern farming. The company has garnered recognition for its diverse product portfolio, encompassing crucial components for two-wheeler vehicles, automotive brackets, and an extensive range of agricultural implements. Product Portfolio
In the automotive sector, New Swan Multitech caters to renowned clients including Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. Their offerings span a wide array of components such as engine hangers, fuel filler cap components, brake assemblies, cable guides, and more.
For the agricultural industry, the company manufactures an extensive line of equipment, including rotovators, seeders, weeders, planters, diggers, spreaders, mulchers, puddlers, laser land levellers, and disc ploughs. The agricultural components are distributed through a network of 200 dealers across 11 Indian states. Utilization of IPO Proceeds
The Net Proceeds from the IPO are earmarked for specific purposes, including funding capital expenditure for machinery at the Ludhiana manufacturing unit, repayment of certain borrowings, meeting working capital requirements, and general corporate purposes. New Swan Multitech SME IPO
IPO Dates: 11 to 15 Jan 2024
Price Band: ₹62 to ₹66 per share
Lot Size: 2,000 Shares
Issue Size: ₹33 Crs
Listing: BSE SME
GMP: +40% (Only for information) 📌Link for checking the Allotment status of New Swan Multitech SME IPO 👇:
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