About New Swan Multitech Limited
New Swan Multitech Limited is launching its IPO. The IPO opens for subscription on 11th January and will close on 15th January 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does New Swan Multitech Limited do?
The company was incorporated in 2014 and specializes in precision-engineered components and parts. The company operates in two key sectors: Automotive and Agriculture.
In the automotive domain, it produces a range of precision machined tubular assemblies, welded assemblies, precision brackets, and sheet metal parts, crucial for two-wheeler vehicles. It also manufactures various types of brackets for passenger car vehicles.
In the agricultural sector, they design and manufacture various implements to cater to diverse farming needs. These include rotovators, super seeders, weeders, and other soil preparation, sowing, and harvesting equipment. The company’s agricultural implements are known for their application in modern farming techniques.
Furthermore, the company’s manufacturing divisions are equipped with advanced machinery and technology, ensuring excellent quality standards. The company maintains a heavy emphasis on research and development, with in-house tool design, design simulation, and prototyping capabilities.
Schedule of New Swan Multitech Limited IPO
| Issue Period | 11th January to 15th January 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 16, 2024 |
| Initiation of Refunds | January 17, 2024 |
| Credit of Shares | January 17, 2024 |
| Date of Listing | January 18, 2024 |
| Mandate end date | January 30, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | February 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | April 15, 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 New Swan Multitech Limited IPO?
You can apply for the New Swan Multitech 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 the New Swan Multitech Limited IPO?
You can check the allotment status for the New Swan Multitech Limited IPO on the website of the Registrar and Transfer agent.