AIK Pipes Share Price 📈🤑
Investors had purchased shares of AIK Pipes and Polymers with heavy profits after entering the stock market. The company’s shares were listed at ₹100 with a surge of more than 12% on Tuesday. In the IPO, the shares of AIK Pipes and Polymers were priced at ₹89. After a strong listing, the company’s shares jumped 5% to reach ₹105. This means that the company’s shares are trading 18% higher than their IPO price.
Positive Investor Reactions for IPO 😃👍
AIK Pipes and Polymers’ IPO was subscribed 43.57 times in total and the retail investor segment subscribed 30.93 times. On the other hand, other categories had a subscription of 52.17 times. Retail investors could only invest in the IPO for one lot. One lot in the IPO consists of 1,600 shares, which means retail investors had to invest ₹142,000 in the company’s IPO.
AIK Pipes and Polymers IPO opened for subscription on December 26, 2023, and remained open until December 28. Prior to the IPO, the promoters held 100% stake in the company, which has now reduced to 73.47%.
About AIK Pipes and Polymers 🏭💡
AIK Pipes and Polymers were introduced in 2017. The company manufactures pipes such as HDPE fittings, MDPE pipes, and PP-R pipes. These pipes are used in water distribution, gas transmission, sewerage systems, and telecommunications. The company has three manufacturing units in Jaipur, which operate on lease.
With an impressive listing and strong investor interest, AIK Pipes and Polymers are making waves in the stock market. Investors are enjoying the significant profits generated by the company’s shares. It will be interesting to see how the company continues to grow and expand in the coming months. Stay tuned for more updates! 📈💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
