Malabar India increased its stake in Hariom Pipe Industries to 9.49% from 9.42%, purchasing 24,162 additional shares worth ₹92.3 lakh at ₹381.95 apiece.
A manufacturer of high-quality steel products, Hariom Pipe Industries specializes in the production of pipes and tubular steel items for construction, infrastructure, and industrial applications. Incorporated in 2008, the company operates modern manufacturing facilities equipped with advanced technology to ensure consistent product quality and reliability. It serves diverse sectors including oil and gas, water management, building construction, and power generation across India and select international markets.
India dedicated FPI founded in 2008 by Sumeet Nagar (ex-McKinsey PE) and Akshay Mansukhani. Focuses on under-researched Indian small and midcap businesses with a long-term horizon, sifting 7,000+ listed companies before making concentrated bets. One of India's best-known FPI smallcap specialists, known for multi-year compounder picks.