Hariom Pipe Industries

The rise in Hariom Pipes share price came after the company announced that its board has approved fund raising of Rs 700 crore through issuance of equity shares or any other eligible securities.

In past three months, the stock has zoomed nearly 50 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022

After a stellar run last year, the IPO market seemed to have lost some momentum this year. Here are the IPOs that doubled your money or made holes in your pocket

Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace

On August 10, the company had reported 68 per cent year-on-year rise in its net profit to Rs 9.54 crore in Q1FY23. Net sales of the company rose 64 per cent year-on-year to Rs 142.31 crore.

The Harini Pipe stock was locked in the 5 per cent upper circuit on both exchanges

The stock was locked in the upper circuit at Rs 224.70, up 46% against its issue price of Rs 153 per share on the BSE