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Incorporated in 2014, New Swan Multitech Limited is a company that specializes in manufacturing precision-engineered components and parts for two sectors: the automotive industry and modern farming.
The product portfolio of the company for the automotive industry includes a wide range of critical components such as wide assembly engine hangers, hinge body covers, front cover stay components, seat catch components, fuel filler cap components, main stand complete assemblies, front fender stay assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are crucial for two-wheeler vehicles. In addition, they also design and manufacture various types of brackets, such as cooling recovery reservoir brackets, exhaust tailpipe brackets, fuse block brackets, floor panel brackets, and air cleaner inlet hose brackets for passenger car vehicles.
For the farming sector, the company manufactures products including rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements.
The manufacturing unit for farming components is situated in Raian, Ludhiana, Punjab whereas the manufacturing unit for auto components is situated in Village Vithlapur, Ahmedabad, Gujarat.
As of 30 September 2023, the company’s product portfolio includes 300 SKUs of agricultural implements and auto components.
In the automotive industry, the customer base of the company includes Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements products to 200 dealers across 11 states in India, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra.
As of FY 2023, the company’s revenue from operations was Rs. 15,116.04 Lakhs.
New Swan Multitech IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 5,016,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 5,016,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,000,240 |
| Share holding post issue | 19,016,240 |
New Swan Multitech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
New Swan Multitech IPO Promoter Holding
The promoters of the company are Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
New Swan Multitech Limited Financial Information (Restated)
New Swan Multitech Limited’s revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,876.43 | 12,348.80 | 11,769.68 |
| Revenue | 15,142.17 | 14,552.40 | 14,960.55 |
| Profit After Tax | 991.93 | 363.14 | 342.63 |
| Net Worth | 2,981.75 | 1,989.82 | 1,626.68 |
| Reserves and Surplus | 2,631.74 | 1,639.81 | 1,276.67 |
| Total Borrowing | 3,915.70 | 4,800.59 | 4,580.55 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.27% |
| ROCE | 24.86% |
| Debt/Equity | 1.31 |
| EPS (Rs) | 7.09 |
| RoNW | 33.27% |
Objects of the Issue (New Swan Multitech IPO Objectives)
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
- Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana
- Repayment of a portion of certain borrowing availed by the company
- To meet working capital requirements
- General Corporate Purpose.
