AIK Pipes And Polymers Limited

About the company

## **About  AIK Pipes and Polymers Limited** Incorporated in September 2017, AIK Pipes and Polymers Limited stands as a testament to innovation and commitment in the manufacturing of High-Density Polyethylene (HDPE) pipes. Boasting a state-of-the-art manufacturing facility equipped with the latest technology, the company has become a reliable name in providing high-quality HDPE pipes in various sizes. Technological Edge: AIK Pipes and Polymers Limited's manufacturing facility is fully automated, ensuring precision and efficiency in the production process. The company takes pride in its team of well-trained engineers, technicians, and operators who play a crucial role in maintaining the high standards of quality control. Certifications and Approvals: The company's dedication to quality is evident in the approval of its products by esteemed agencies such as the Bureau of Indian Standards (BIS), Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL. AIK Pipes is also a registered vendor with government organizations including the Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board throughout Rajasthan. Product Excellence: AIK Pipes and Polymers Limited focuses on delivering the best HDPE pipes in the market. The use of cutting-edge technology and equipment enables the production of durable and affordable pipes. The company takes pride in being a quality-oriented and innovative entity, offering a comprehensive and cost-effective range of HDPE products. Commitment to Growth: The company is committed to continuous innovation in drinking water piping solutions, irrigation, and sewerage technologies to meet the evolving demands of a growing India. The vision is to pave the way for a future where clean water is accessible everywhere. With a manufacturing facility equipped with an advanced R&D Lab, AIK Pipes is dedicated to providing superior quality products.Market Presence and Future Plans: AIK Pipes and Polymers Limited has successfully served the HDPE pipes sector in Rajasthan and has ambitious plans to expand its presence on a PAN India basis. The company's vision is to be a leading manufacturer of innovative piping systems, providing exceptional value to customers, employees, shareholders, and the communities they serve.As AIK Pipes and Polymers Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1) Meeting Working Capital Requirements: Ensuring a smooth and uninterrupted operational flow. 2) Capital Expenditure: Investing in infrastructure and technology to further enhance production capabilities. 3) General Corporate Purpose: Supporting the overall growth and sustainability of the company.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   26 Dec 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   28 Dec 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Dec 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   01 Jan 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Dec 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   02 Jan 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.