About AIK Pipes And Polymers Limited
AIK Pipes And Polymers Limited is launching its IPO. The IPO opens for subscription on 26th December and will close on 28th December 2023.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does AIK Pipes And Polymers Limited do?
Incorporated in 2017, AIK Pipes And Polymers Limited is engaged in the manufacturing of a comprehensive range of HDPE (High-density polyethylene) pipes, HDPE fittings, MDPE (Medium-density polyethylene) Pipes and PPR (Polypropylene random Pipes) for water distribution, gas transmission, sewerage system, and telecom sector and is focused on constant innovations in drinking water piping solutions, irrigation and sewerage technologies.
The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organizations like the Central Institute of Petrochemicals Engineering and Technology, IOC, and GAIL.
Schedule of AIK Pipes And Polymers Limited IPO
| Issue Period | 26th December to 28th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 29, 2023 |
| Initiation of Refunds | January 01, 2024 |
| Credit of Shares | January 01, 2024 |
| Date of Listing | January 02, 2024 |
| Mandate end date | January 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 29, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 29, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the AIK Pipes And Polymers Limited IPO?
You can apply for the AIK Pipes And Polymers Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for AIK Pipes And Polymers Limited IPO?
You can check the allotment status for the AIK Pipes And Polymers Limited IPO on the website of the Registrar and Transfer agent.