Established in 2014, New Swan Multitech is an engineering-led manufacturing company specializing in the production of complex and critical precision-engineered components and parts. The company’s product portfolio encompasses two primary segments: auto components for the automotive sector and agricultural implements designed to meet the diverse needs of modern farming.
In the automotive sector, New Swan Multitech manufactures, procures, and supplies a diverse range of precision machined tubular assemblies, welded assemblies, precision brackets, and sheet metal parts. These components are integral to two-wheeler vehicles, including link assembly engine hangers, fuel filler cap components, and various brackets for passenger car vehicles.
Within the agricultural implements sector, New Swan Multitech designs, manufactures, and supplies a comprehensive range of products catering to different farming aspects, including soil preparation, sowing, crop management, harvesting, and crop residue management. The company’s offerings in this segment include rotovators, seeders, weeders, potato planters, and various other agricultural implements.
New Swan Multitech maintains stringent quality control measures, conducting thorough checks and testing in their well-equipped laboratories. Research and Development capabilities include in-house tool designing, design simulation, prototyping, and testing using advanced equipment such as CMM, Universal Testing Machine, and Hardness Tester.
New Swan Multitech’s product portfolio comprises over 300 SKUs of agricultural implements and auto components. Additionally, the company holds five design registrations related to agricultural implements, registered with the Patent Office, Government of India.
Regarding customer relationships, New Swan Multitech has longstanding associations with major Original Equipment Manufacturers (OEMs) in both the automotive and agricultural sectors. Notably, the company has a six-year relationship with Honda Motorcycle and Scooter India (HMSI) in the two-wheeler vertical. In agricultural implements, they supply to Mahindra & Mahindra, among others.
The company’s distribution network for agricultural implements includes over 200 dealers across 11 states in India. Furthermore, New Swan Multitech exports agricultural implements to countries such as Mauritius, Russia, Kazakhstan, South Africa, Sudan, and Nepal.
New Swan Multitech IPO Complete Details:
New Swan Multitech IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF New Swan Multitech is Around 37 Rs.
Objects Of Issue:
1. Procuring capital for the acquisition of specific machinery to enhance operations at our established manufacturing unit in Raian, Ludhiana.
2. Allocating funds to repay a portion of the borrowings undertaken by our company.
3. Meeting the financial needs associated with ongoing operational activities, commonly referred to as working capital requirements.
4. Utilizing funds for general corporate purposes.
Promoters:
1. Upkar Singh:
– Position: Chairman & Managing Director
– Experience: Over 38 years in the auto components industry, including approximately 9 years in the agricultural implements sector
– Education: Graduate from Punjab University in 1962
2. Barunpreet Singh Ahuja:
– Position: Whole Time Director
– Experience: Over 12 years in the auto components industry, including approximately 9 years in the agricultural implements sector
– Education: Master in Business Administration from the ICFAI University, Tripura in 2019
3. Kanwardeep Singh:
– Position: Executive Director
– Experience: Over 21 years in the auto components industry, including approximately 9 years in the agricultural implements sector
– Education: Diploma in Tools and Die Technology from Punjab State Board of Technical Education and Industrial Training in 1993
FAQs:
When New Swan Multitech IPO is Opening?
New Swan Multitech IPO is Opening on 11 January 2024.
When is the New Swan Multitech IPO Closing?
New Swan Multitech IPO is Closing on 15 January 2024.
What is the Issue Size of the New Swan Multitech IPO?
The IPO Issue Size of New Swan Multitech is 33.11 Crore.
Price Band of New Swan Multitech IPO?
The price Band of New Swan Multitech IPO is 62 to 66 rupees per share.
What is the minimum investment for New Swan Multitech IPO?
The minimum investment for the New Swan Multitech IPO is 132,000 Rupees.
Allotment Date of New Swan Multitech IPO?
The Allotment of New Swan Multitech IPO is on 16 January 2024.
Listing Date of New Swan Multitech IPO?
The Listing Of New Swan Multitech is Scheduled on 18 January 2024.
One Should Apply for New Swan Multitech IPO or Not?
will update soon
How to apply for New Swan Multitech IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find New Swan Multitech IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for New Swan Multitech IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find New Swan Multitech IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for New Swan Multitech IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find New Swan Multitech IPO from the list ——–> Click on New Swan Multitech IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of the New Swan Multitech?
Hem Securities Limited and Share India Capital Services Private Limited are the Lead Managers of New Swan Multitech.
Where To Check the Allotment of New Swan Multitech IPO?
The allotment status for the New Swan Multitech IPO will be accessible on the Bigshare Services Private Limited Website.
New Swan Multitech IPO is going to be listed at?
New Swan Multitech IPO is going to be listed at BSE SME.
What is the Lot Size of the New Swan Multitech IPO?
The lot size of the New Swan Multitech IPO is 2000 Shares.
What is the P/E Ratio of the New Swan Multitech IPO?
The P/E Ratio of the New Swan Multitech is 9.32.
What is the ROE of the New Swan Multitech IPO?
The ROE of the New Swan Multitech IPO is 33.27%.
What is the ROCE of the New Swan Multitech IPO?
The ROCE of the New Swan Multitech IPO is 24.86%.
What is the EPS of the New Swan Multitech IPO?
The EPS of the New Swan Multitech IPO is 7.09.