Upcoming IPO – a multitech company with a network of 200 dealers for just Rs 1.5 lakh

Upcoming IPO: A multi-tech company with a vast network of 200 dealers across 11 states in India is preparing to launch an Initial Public Offering (IPO) and is seeking partners. The company offers spare parts for leading automakers such as Honda, Hero, and Mahindra & Mahindra.

The IPO presents an opportunity for Indian citizens to become partners in the company by investing a minimum of Rs 1.5 lakh. This move enables the company to raise capital for expansion and future developments while offering the public a chance to participate in its growth and success.

Upcoming IPO 2024

New Swan Multi Tech Limited is a company that was founded in 2014 by Upkar Singh, Barunpreet Singh Ahuja, and Kanwardeep Singh. The company specializes in the manufacturing of components and parts for the automobile industry as well as the agricultural sector. With a focus on quality and innovation, New Swan Multi Tech Limited has become a trusted name in the industry. Their commitment to excellence has helped them establish a strong presence in the stock market.

Upcoming IPO Details

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Upcoming IPO: About New Swan Multitech Limited in Hind

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.
This company has a robust network of 200 dealers that sell agricultural equipment in eleven states across India.

These states include Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra. The company’s extensive network ensures that farmers across the country have access to high-quality agricultural equipment and can improve their farming practices. Moreover, having a strong dealer network helps the company establish its brand presence in different regions and provides localized support to customers.

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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

Although the company has not yet disclosed its issue price and lot size. It has been confirmed that 50.16 lakh shares worth ₹10 will be distributed among investors. As of now, the company’s promoters hold a 100% shareholding. This information suggests that the company is gearing up for an initial public offering (IPO), which can provide an opportunity for investors to invest in the company and potentially earn returns on their investment.

However, before making any investment decisions, it is important to thoroughly research the company’s financials and prospects. Up to this point, the company has not accepted any capital investment or entered into any partnerships.

Upcoming IPO FAQ’S

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