Upcoming IPO A Multitech Company With A Network Of 200 Dealers For Just Rs 1.5 Lakh, All You Need To Konw

About New Swan Multitech Limited

News: A multi-tech company, boasting a network of 200 dealers spread across 11 states in India, is gearing up for an Initial Public Offering (IPO) to amplify its partnership network. With a minimal investment of just Rs 1.5 lakh, any Indian citizen can seize the opportunity to become a partner in this enterprise. The company specializes in supplying spare parts to renowned entities such as Honda, Hero, and Mahindra & Mahindra, promising a lucrative avenue for prospective investors.

Establishment and Presence

Established in 2014, New Swan Multitech Limited operates within the manufacturing sector, specializing in components and parts for both the automobile industry and agricultural sector. The company’s founders, Upkar Singh, Barunpreet Singh Ahuja, and Kanwardeep Singh, have effectively established a robust presence in the market, solidifying their position within the industry.

Wide Network of Dealers

Remarkably, New Swan Multitech Limited boasts a vast network of 200 dealers distributing agricultural equipment across 11 states in India. These states encompass Punjab, Rajasthan, Jammu & Kashmir, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand, and Maharashtra, showcasing the company’s extensive reach and influence within the agricultural sector.

Manufacturing Units and Clientele

New Swan Multitech Limited operates two manufacturing units, each serving distinct purposes. The Ludhiana, Punjab facility specializes in forming components, while the Ahmedabad, Gujarat unit focuses on manufacturing components and parts for the automobile industry. With a notable clientele that includes prominent names like Honda Motorcycle, Scooter India, MG Motors, and Mahindra & Mahindra, the company has established itself as a reliable supplier within the industry.

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Financial Performance

New Swan Multitech Limited has demonstrated consistent growth in its financial performance. The company’s assets have surged from Rs 117 crore to Rs 129 crore, while revenue has experienced a slight increase from Rs 149 crore to Rs 151 crore. Notably, the net worth has seen a substantial rise, jumping from Rs 16 crore to Rs 30 crore. Moreover, reserves and surplus have also witnessed significant growth, escalating from Rs 13 crore to Rs 26 crore. Impressively, the company has effectively reduced its bank loan and market borrowings from Rs 46 crore to Rs 39 crore. Finally, the profit after tax has skyrocketed from Rs 3 crore to approximately Rs 10 crore, underscoring New Swan Multitech Limited’s commendable financial performance and strategic management.

IPO Details

New Swan Multitech Limited is yet to disclose the issue price and lot size for its upcoming IPO. However, it has been revealed that 50.16 lakh shares, each valued at ₹10, will be allocated among investors. Presently, the promoters maintain 100% shareholding, implying that the company hasn’t sought external capital investment or established any partnerships.

The impending IPO of New Swan Multitech Limited offers a compelling opportunity for investors to become partners in a renowned multi-tech enterprise. Leveraging its robust network of dealers and esteemed clientele in both the automobile and agricultural domains, the company exhibits significant growth prospects. With an investment as modest as Rs 1.5 lakh, individuals can secure their partnership and potentially reap the rewards of the company’s long-term success.

FAQs

1. What is the minimum investment needed to become a partner in New Swan Multitech Limited?

The minimum investment required to become a partner in New Swan Multitech Limited is only Rs 1.5 lakh.

2. What type of products does New Swan Multitech Limited provide?

New Swan Multitech Limited supplies spare parts to well-known companies in the automobile industry, including Honda, Hero, and Mahindra & Mahindra.

3. How extensive is New Swan Multitech Limited’s dealer network?

New Swan Multitech Limited boasts a broad network of 200 dealers spread across 11 states in India.