Swastik Pipe, which will open for subscription on Thursday, has fixed the price band of its IPO opening at ₹97-₹100 apiece. The company expects to raise ₹62.52 crore. The issue of 62.52 lakh shares will reserve 3,14,400 shares for the market maker. Founded in 1973, Swastik Pipe has two plants in Haryana and Uttar Pradesh.