Upcoming IPO: The multi-tech company with a network of 200 dealers in 11 states of India is looking for partners. For this the company is bringing IPO in the share market. By investing just Rs 1.5 lakh, any Indian citizen can ensure their partnership in a company that provides spare parts to companies like Honda, Hero and Mahindra & Mahindra.
Upcoming IPO: About New Swan Multitech Limited in Hind
The company was established in 2014. The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh. According to the information available in the stock market, New Swan Multi Tech Limited Company works in manufacturing components and parts for the automobile industry and agricultural sector.
The unit manufacturing forming components is located in Ludhiana, Punjab and the unit manufacturing components and parts for automobile industries is located in Ahmedabad, Gujarat. The company has said that in the automobile industry, automobile companies like Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra are among its customers.
The company has a strong network of 200 dealers for selling agricultural equipment spread across 11 states in India (Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra).
New Swan Multitech Limited Financial Information
- he assets of the company have increased from Rs 117 crore to Rs 129 crore.
- The company’s revenue has increased from Rs 149 crore to Rs 151 crore.
- Net worth increased from Rs 16 crore to Rs 30 crore.
- Reserves and Surplus increased from Rs 13 crore to Rs 26 crore.
- Bank loan and market borrowings of the company reduced from Rs 46 crore to Rs 39 crore.
- Profit after tax has increased from Rs 3 crore to about Rs 10 crore.
New Swan Multitech Limited IPO Detail
The company has not yet announced its issue price and lot size. At present it has been told that 50.16 lakh shares worth ₹ 10 will be distributed among the investors. At present the promoters of the company have 100% shareholding.
IPO Allotment Status: Check here
That is, till now the company has neither taken capital investment from anyone nor has given any kind of partnership in the company to anyone.