AIK Pipes and Polymers Limited
BBSE:AIKPIPES25.59
INR
+1.21
(+4.96%)
ISIN
INE0QFT01015
Return %
Stock
S&P 500
1Y
-47.70
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Company Description
- Sector
- Producer manufacturing
- Industry
- Miscellaneous manufacturing
- Address
- Jaipur India
- IPO Date
- Jan 2, 2024
- Website
- aikpipes.com
- Similar Companies
- Business
- AIK Pipes and Polymers Limited is an India-based manufacturer of polymer pipes, fittings, and water management solutions for infrastructure, utilities, telecommunications, and agricultural sectors. Founded in 2017 and headquartered in Jaipur, Rajasthan, the company specializes in the engineering, extrusion, and fabrication of thermoplastic piping systems. Its core product portfolio comprises High-Density Polyethylene (HDPE) pipes for potable water supply, sewerage systems, industrial effluent disposal, and mining applications; Medium-Density Polyethylene (MDPE) pipes designed for compressed gas and city gas distribution networks; Polypropylene Random (PPR) pipes for industrial fluids and domestic hot and cold plumbing; Permanently Lubricated (PLB) HDPE ducts engineered as protective conduits for underground optical fiber cables; fabricated and injection-molded fittings, including butt-welding bends, tees, reducers, end caps, couplers, and service saddles; and micro-irrigation equipment, including drip irrigation systems and mini sprinklers marketed under the BANAS brand name. The company conducts its manufacturing operations at a specialized production facility located in Govindgarh, Jaipur, equipped with PLC-controlled German extrusion technology and an annual production capacity of approximately 10,000 metric tons. AIK Pipes and Polymers serves a diversified clientele comprising government engineering departments, municipal corporations, public utility contractors, telecommunications operators, industrial enterprises, and agricultural end-users across India, with primary market concentration in Rajasthan and adjacent northern and western states. In January 2024, the company transitioned to a publicly traded entity by completing its initial public offering and listing its equity shares on the BSE SME platform under the ticker AIKPIPES to finance capacity enhancements and working capital requirements. In recent operational developments, the company expanded its automated manufacturing capabilities and secured major government procurement contracts, including pipe supply mandates awarded by the Public Health Engineering Department of Rajasthan for regional drinking water infrastructure projects.