The IPO pricing for AIK Pipes & Polymers is Rs 89 per share, and it will open on December 26–28

 The IPO pricing for AIK Pipes & Polymers is Rs 89 per share, and it will open on December 26–28

The IPO pricing for AIK Pipes & Polymers is Rs 89 per share, and it will open on December 26–28

The public subscription period will commence on December 26 and 27, with AIK Pipes & Polymers setting the IPO price at Rs 89 per share.

The public registration for the IPO, which is priced at Rs 89 per share by AIK Pipes & Polymers, will open on December 26 and 28.

The price of Rs 89 per share has been decided for the initial public offering (IPO) of pipe producer AIK Pipes & Polymers, which is scheduled to take place on December 26–28.

According to a statement from AIK Pipes, the firm hopes to collect around Rs 15.02 crore from the IPO, and the first share offering is a new issuance of 16.88 lakh equity shares.

The BSE-SME platform will list the shares.

It said that working capital needs, capital expenditures, and general business costs would be covered by the issue's proceeds. The issue's book-running lead manager is Shreni Shares Ltd., while the IPO's registrar is Skyline Financial Services.

Leading producer of PPR (Polypropylene Random) and MDPE (Medium Density Polyethylene) pipes for the telecommunication, gas transmission, water distribution, and sewage systems is AIK Pipes & Polymers, situated in Jaipur.