Hariom Pipe Industries IPO

The Hyderabad based metals and pipes player, Hariom Pipe Industries Ltd, plans to tap the capital market to raise Rs.130 crore by way of a fresh issue. The company has a pedigree of 14 years in the industry and is an integrated manufacturer of mild steel, pipes, scaffolding, HR strips, MS billets and sponge iron. Hariom Pipe Industries Ltd manufactures MS pipes and scaffolding of more than 150 different specifications.

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Hariom Pipe Industries Ltd has two plants located in Mahabubnagar in Telangana and the second plant located in Ananthapur in Andhra Pradesh. While the Mahabubnagar plant manufactures finished steel products from iron scrap and sponge iron, the Ananthapur plant manufactures sponge iron. Hariom Pipe Industries Ltd sells its products through a network of over 200 distributors and also has a strong B2B franchise. Read more

Check out some recent financials figures of the company:

How do I apply for the Hariom Pipe Industries IPO?

You can apply for the Hariom Pipe Industries IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.