Hariom Pipe Industries Limited’s initial public offering to open on March 30, 2022

Price Band of ₹ 144 – ₹ 153 per equity share bearing face value of ₹ 10 each (“Equity Shares”).

· Bid/ Issue Opening Date – Wednesday, March 30, 2022 and Bid/ Issue Closing Date – Tuesday, April 5, 2022.

· Minimum Bid Lot is 98 Equity Shares and in multiples of 98 Equity Shares thereafter.

· The Floor Price is 14.4 times of the face value of the Equity Share and the Cap Price is 15.3 times of the face value of the Equity Share.

Risks to Investors: • Majority of the sales of the Company are concentrated in the three (3) southern states of Karnataka, Telangana and Tamilnadu • Average Cost of acquisition of Equity Shares by the Promoters namely, Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta is ₹ 7.53 and ₹ 11.72, respectively • Details of Acquisition of all Equity Shares transacted in last one year and three years:

Period

Weighted Average Cost of Acquisition Price (in ₹)

Cap price (₹ 153) is ‘X’ times the Weighted Average Cost of Acquisition

Range of acquisition price: Lowest Price – Highest Price (in ₹)

Last 1 year

10.29

14.88

0.00 – 36.00

Last 3 years

31.13

4.91

0.00 – 36.00

• Weighted Average Return on Net Worth for Fiscals 2021, 2020 and 2019 is 19.85%. • The BRLM associated with the Issue has handled 2 public issue in the past three years, out of which 1 issue closed below the issue price on listing date.

Mumbai/Hyderabad, March 28, 2022: Hyderabad-based Hariom Pipe Industries Limited (“Company”) is proposing to open its initial public offering of Equity Shares (the “Issue”) on Wednesday, March 30, 2022 for Subscription and close on Tuesday, April 5, 2022. The price band for the Issue has been determined a ₹ 144 – ₹ 153 per Equity Share. Investors can bid for a minimum of 98 equity shares and in multiples of 98 equity shares thereafter.

The public issue comprises issue of up to 85,00,000 Equity Shares of the Company. The proceeds from the issue worth Rs. 50.05 crore will be used for funding capital expenditure requirements; Rs. 40 crore will be used for funding working capital requirements and remaining for general corporate purpose.

Headquartered in Hyderabad, Telangana, Hariom Pipe Industries Limited manufactures steel products and has a wide distribution network in South India. The Company is an integrated manufacturer of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils Scaffolding and Sponge Iron and caters directly and indirectly to customer requirements in various sectors such as Housing, Infrastructure, Agriculture, Automotive, Solar Power, power, cement, mining and Engineering.

The expansion of furnace will ensure availability of primary raw materials i.e. MS Billets which is used in the production of HR Strips. HR Strips are used as main raw material in its Pipe Mills. The new electric melting furnace will also help in ensuring availability of HR strips for its additional pipe mills. Thus leading to backward integration of its product line. The EBIDTA margin of the Company for Fiscal 2021 is 13.72%. The total income and profit after tax for six months period ended September 30, 2021 stood at Rs. 201.16 crores and Rs. 12.87 Crores respectively.

The company’s credit rating for long term has been upgraded from ‘CRISIL BBB / Stable’ to ‘CRISIL Triple BBB+ Outlook: Stable’ (pronounced Triple B Plus with Stable outlook) by CRISIL in the fiscal 2022.

The Issue is being made through the Book Building Process, in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 30% of the Issue shall be available for allocation to Qualified Institutional Buyers, not less than 35% of the Issue shall be available for allocation to Non-Institutional Investors and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders.

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the red herring prospectus dated March 23, 2022 (“RHP”) filed with the Registrar of Companies, Hyderabad (“RoC”).

For further details in relation to the Company, BRLM, Compliance Officer of the Company, availability of application forms and RHP, please refer to statutory advertisement dated March 28, 2022.