Bookbuilding IPO | ₹26 Cr | Listed at BSE SME | Wed, Jan 29, 2025 - Fri, Jan 31, 2025
Malpani Pipes IPO is a book build issue of ₹25.92 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹25.92 crore.
Malpani Pipes IPO bidding started from Jan 29, 2025 and ended on Jan 31, 2025. The allotment for Malpani Pipes IPO was finalized on Feb 3, 2025. The shares got listed on BSE SME on Feb 4, 2025.
Malpani Pipes IPO price band is set at ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mnm Stock Broking Pvt.Ltd..
Refer to Malpani Pipes IPO RHP for detailed Information.
IPO Open
Wed, Jan 29, 2025
IPO Close
Fri, Jan 31, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹97.00 Cr
| IPO Date | 29 to 31 Jan, 2025 |
| Listed on | Tue, Feb 4, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,45,600 shares MNM Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,34,400 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 27,34,400 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 78,97,500 shares |
| Share Holding Post Issue | 1,07,77,500 shares |
| BSE Script Code | 544351 |
| ISIN | INE0YON01014 |
Malpani Pipes IPO comprises a total issue size of 28,80,000 shares. The net offer to the public is 27,34,400 shares, after excluding 1,45,600 shares allotted on a firm basis. Of the Net offer 13,58,400 (49.68%) are allocated to QIB, 4,16,000 (15.21%) allocated to NII 9,60,000 (35.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,58,400 | 49.68% | 47.17% |
| − Anchor Investor Shares Offered | 8,00,000 | 27.78% | |
| − QIB (Ex. Anchor) Shares Offered | 5,58,400 | 19.39% | |
| NII (HNI) Shares Offered | 4,16,000 | 15.21% | 14.44% |
| Retail Shares Offered | 9,60,000 | 35.11% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,45,600 | 5.06% | |
| Total Shares Offered | 28,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Malpani Pipes IPO raises ₹7.20 crore from anchor investors. Malpani Pipes IPO Anchor bid date is January 28, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 28, 2025 |
| Shares Offered | 8,00,000 |
| Anchor Portion (₹ Cr.) | 7.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Mar 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 4, 2025 |
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.
The company offers High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under its brand name "Volstar". Additionally, the company is involved in trading granules and PVC pipes, along with selling various services.
The company’s pipes are designed for irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations.
The company’s manufacturing plant, located in Ratlam, Madhya Pradesh, is equipped with essential machinery and an in-house testing facility. It operates 10 production lines with a capacity of 11,500 M.T.P.A.
The company distributes products to wholesalers, and retailers, and supplies pipes for government projects through authorized contractors, as well as to farmers under welfare policies.
Products:
As of December 31, 2024, the company had 51 full-time employees and 30 contract-based employees.
Competitive Strength:
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 90.76 | 61.35 | 38.94 | 21.30 |
| Total Income | 84.55 | 141.16 | 82.57 | 34.94 |
| Profit After Tax | 5.09 | 7.40 | 2.08 | 0.89 |
| NET Worth | 19.73 | 14.77 | 5.83 | 3.76 |
| Reserves and Surplus | 12.04 | 12.42 | 3.90 | 1.83 |
| Total Borrowing | 35.74 | 30.29 | 19.59 | 8.98 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for plant and machineries | 3.50 |
| 2 | Repayment of Debt | 17.00 |
| 3 | General corporate purposes | 3.48 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 71.52% |
| ROCE | 21.74% |
| Debt/Equity | 2.04 |
| RoNW | 50.07% |
| PAT Margin | 5.25% |
| Price to Book Value | 1.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 37.17 | |
| P/E (x) | 2.42 | |
| Promoter Holding | 100% | 73.28% |
| Market Cap | ₹97.00 Cr. |
The Malpani Pipes IPO is subscribed 146.93 times on January 31, 2025 5:04:49 PM (Day 3). The public issue subscribed 113.35 times in the retail category, 58.49 times in the QIB category, and 343.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 58.49 | 5,58,400 | 3,26,60,800 | 0 |
| NII* | 343.13 | 4,16,000 | 14,27,42,400 | 0 |
| Retail | 113.35 | 9,60,000 | 10,88,12,800 | 0 |
| Total | 146.93 | 19,34,400 | 28,42,16,000 | 83,780 |
Total Application : 83,780
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.29 |
| 2 | Brokerage, selling commission and Marketing | 0.10 |
| 3 | Registrar to the Issue | 0.03 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 1.30 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹85.90 |
| Low | ₹81.61 |
| High | ₹90.00 |
| Last Trade | ₹84.04 |
Lead Manager Reports
Malpani Pipes IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jan 29, 2025, and closes on Fri, Jan 31, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Malpani Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Malpani Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Malpani Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Malpani Pipes IPO opens on Wed, Jan 29, 2025 and closes on Fri, Jan 31, 2025.
Malpani Pipes IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Malpani Pipes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Malpani Pipes IPO will be done on Monday, February 3, 2025, and the allotted shares will be credited to your demat account by Mon, Feb 3, 2025. Check the Malpani Pipes IPO allotment status.
The Malpani Pipes IPO listing date is on Tue, Feb 4, 2025.
