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New Swan Multitech IPO
Price Band
₹62.0–66.0
Issue Size
₹33.11 Cr
Lot Size
2,000 shares
Min Investment
₹132,000
GMP
+₹53.0 (80.3%)
Issue Price
₹66.0
Subject to Sauda
₹80600
Paid only if allotted
New Swan Multitech IPO AI Summary
- New Swan Multitech IPO is listed on BSE SME in the Auto Components & Equipments sector.
- Price band: ₹62.0–₹66.0 per share, lot size 2,000 shares (min. investment ₹132,000).
- Subscription window: 11 Jan–15 Jan 2024, listing on 18 Jan 2024.
- Current GMP is +₹53.0 (80.3%), an estimated listing price of ₹119 — unofficial and can change daily.
New Swan Multitech Limited is an SME IPO specializing in auto components and agricultural implements. With a diverse product portfolio and established client base, the company aims to utilize the proceeds from its IPO for growth and operational needs. Investors should consider the company's financial performance and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
New Swan Multitech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
New Swan Multitech IPO Grey Market Premium (GMP) Today
GMP
+₹53.0
GMP %
+80.3%
Est. Listing
₹119.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 2014, New Swan Multitech Limited specialises in the manufacture of precision-engineered components and parts for two sectors: the automotive industry and modern farming. The company's product portfolio for the automotive industry includes assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, battery tray components, and many other parts that are important for two-wheeler vehicles. 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 passenger car air cleaner inlet hose brackets. For farming, the company manufactures rotovators, seeders, super seeders, weeders, potato planters, potato diggers, fertilizer spreaders, mulchers, puddlers, laser land levellers, disc ploughs and many other agricultural implements. The agricultural components manufacturing facility is located in Raian, Ludhiana, Punjab, while the auto parts manufacturing facility is located in Vithlapur village, Ahmedabad, Gujarat. As of September 30, 2023, the company's product portfolio comprises 300 SKUs of agricultural equipment and auto parts. In the automotive industry, the company's customer base includes Honda Motorcycle, Scooter India, MG Motors and Mahindra & Mahindra. On the other hand, the company distributes its agricultural implements to 200 dealers in 11 Indian states, namely Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and Maharashtra. In FY 2023, the operating income of the company amounted to Rs. 15,116.04 lakhs.
Company Financials (₹ Cr)
As of 2023-03-31
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 138.01 | 128.76 | 123.49 | 117.70 |
| Total Income | 77.88 | 151.42 | 145.52 | 149.61 |
| Profit After Tax | 4.98 | 9.92 | 3.63 | 3.43 |
| NET Worth | 34.79 | 29.82 | 19.90 | 16.27 |
| Reserves and Surplus | 20.79 | 26.32 | 16.40 | 12.77 |
| Total Borrowing | 47.99 | 39.16 | 48.01 | 45.81 |
Key Ratios
EPS
₹7.09
NAV
₹21.30
ROE
33.27%
ROCE
24.86%
RoNW
33.27%
P/B Value
0.00
P/E Ratio
9.32
Market Cap
₹125.51 Cr
PAT Margin
6.56%
Debt/Equity
1.31
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| JBM Auto Limited | 12.4% | 136.03 | 10.58 | 10.58 |
| Endurance Technologies Limited | 10.87% | 52.95 | 34.09 | 34.09 |
| Sansera Engineering Limited | 12.55% | 36.64 | 27.17 | 27.17 |
| New Swan Multitech Limited This IPO | 33.27% | — | 7.09 | 7.09 |
Promoters
Upkar Singh, Barunpreet Singh Ahuja and Kanwardeep Singh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana 3.90 2 Repayment of a portion of certain borrowing availed by the Company 8.00 3 To meet working capital requirements 15.50 4 General Corporate Purpose 1.45
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
In FY 2023, the company's total income was ₹151.42 Cr, which decreased to ₹77.88 Cr by 30 Sep 2023. This decline is notable as the latter figure is from a 6-month period and not a full fiscal year, making direct comparison less straightforward.
Profit Trend
Profit After Tax was ₹9.92 Cr for the year ending 31 Mar 2023, which fell to ₹4.98 Cr by 30 Sep 2023. Similar to revenue, this figure for the latter period is from a shorter timeframe, thus it isn't directly comparable to the previous full year.
Valuation
At the issue price of ₹66.0, New Swan Multitech has an implied P/E ratio of 9.32, which is lower than its peers, who are trading at P/E ratios ranging from 36.64 to 136.03.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price. A positive GMP suggests that the stock may list at a higher price than its issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, dividend-paying stocks may prefer to avoid IPOs like this, which can be more volatile and uncertain in their early trading days.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions and investor sentiment. While a positive GMP may indicate potential for gains, there is always a risk that the stock may not perform as expected on listing day.
This evaluation is generated from New Swan Multitech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is New Swan Multitech IPO GMP today?
New Swan Multitech IPO GMP today is +₹53.0 (80.3%), indicating an estimated listing price of ₹119. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of New Swan Multitech IPO?
The price band of New Swan Multitech IPO is ₹62.0–₹66.0 per share.
When does New Swan Multitech IPO open and close?
New Swan Multitech IPO opens on 11 January 2024 and closes on 15 January 2024.
When does New Swan Multitech IPO list on the stock exchange?
New Swan Multitech IPO listed on 18 January 2024 at ₹119.0.
What is the lot size for New Swan Multitech IPO?
The lot size for New Swan Multitech IPO is 2000 shares, requiring a minimum investment of ₹132,000.
What is the lot size for this IPO?
The lot size for New Swan Multitech's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹132,000.
What is the price band for the IPO?
The price band for the IPO is ₹62.0 to ₹66.0.
When does the IPO open and close?
The IPO opens on January 11, 2024, and closes on January 15, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Jan 2024
Close
15 Jan 2024
Allotment
16 Jan 2024
Listing
18 Jan 2024
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