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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 ₹90.00 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 investment for 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 Date | January 29, 2025 to January 31, 2025 |
| Listing Date | February 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹25.92 Cr) |
| Reserved for Market Maker | 1,45,600 shares Mnm Stock Broking Pvt.Ltd. (aggregating up to ₹1.31 Cr) |
| Net Offered to Public | 27,34,400 shares (aggregating up to ₹24.61 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 78,97,500 shares |
| Share Holding Post Issue | 1,07,77,500 shares |
Malpani Pipes IPO offers total 28,80,000 shares. Out of which 13,58,400 (47.17%) allocated to QIB, 5,58,400 (19.39%) allocated to QIB (Ex- Anchor), 4,16,000 (14.44%) allocated to NII, 9,60,000 (33.33%) allocated to RII and 8,00,000 (27.78%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,45,600 (5.06%) |
| QIB Shares Offered | 13,58,400 (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 (14.44%) |
| Retail Shares Offered | 9,60,000 (33.33%) |
| Total Shares Offered | 28,80,000 (100.00%) |
Malpani Pipes IPO raises ₹7.20 crore from anchor investors. Malpani Pipes IPO Anchor bid date is January 28, 2025. Malpani Pipes IPO Anchor Investors list
| Bid Date | January 28, 2025 |
| Shares Offered | 8,00,000 |
| Anchor Portion Size (In Cr.) | 7.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 4, 2025 |
Malpani Pipes IPO opens on January 29, 2025, and closes on January 31, 2025.
| IPO Open Date | Wed, Jan 29, 2025 |
| IPO Close Date | Fri, Jan 31, 2025 |
| Tentative Allotment | Mon, Feb 3, 2025 |
| Initiation of Refunds | Mon, Feb 3, 2025 |
| Credit of Shares to Demat | Mon, Feb 3, 2025 |
| Tentative Listing Date | Tue, Feb 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 31, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 21.3 |
| Total Income | 84.55 | 141.16 | 82.57 | 34.94 |
| Profit After Tax | 5.09 | 7.4 | 2.08 | 0.89 |
| Net Worth | 19.73 | 14.77 | 5.83 | 3.76 |
| Reserves and Surplus | 12.04 | 12.42 | 3.9 | 1.83 |
| Total Borrowing | 35.74 | 30.29 | 19.59 | 8.98 |
| Amount in ₹ Crore | ||||
The market capitalization of Malpani Pipes IPO is ₹97.00 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 37.17 | |
| P/E (x) | 2.42 |
The company intends to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is engaged in manufacturing and marketing of high-grade plastic pipes for industrial/agricultural/water distribution system. It is also trading in granules and PVC Pipes and providing related services. Boosted bottom lines in pre-IPO periods i.e. from FY24 onwards raise eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Based on its recent super financials, the issue appears fully priced. Well-informed investors/cash surplus investors may park moderate funds for medium term. Read detail review...
| Listing Date | February 4, 2025 |
| BSE Script Code | 544351 |
| NSE Symbol | |
| ISIN | INE0YON01014 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹85.90 |
| Low | ₹81.61 |
| High | ₹90.00 |
| Last Trade | ₹84.04 |
Malpani Pipes & Fittings Ltd.
65-A,
Sector B Industrial Area,
Ratlam 457001
Ratlam, Madhya Pradesh
Phone: 07412-260707
Email: pipes@malpanipipes.com
Website: http://www.malpanipipes.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Malpani Pipes IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹25.92 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on January 29, 2025, and closes on January 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 January 29, 2025 and closes on January 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 Monday, February 3, 2025. Check the Malpani Pipes IPO allotment status.
The Malpani Pipes IPO listing date is on Tuesday, February 4, 2025.
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