Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Thu, Feb 3, 2022 - Tue, Feb 8, 2022
Maruti Interior Products IPO is a fixed price issue of ₹11.00 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹11.00 crore.
Maruti Interior Products IPO bidding started from Feb 3, 2022 and ended on Feb 8, 2022. The allotment for Maruti Interior Products IPO was finalized on Feb 11, 2022. The shares got listed on BSE SME on Feb 16, 2022.
Maruti Interior Products IPO price is ₹55 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
ISK Advisors Pvt.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 Sunflower Broking Pvt.Ltd..
Refer to Maruti Interior Products IPO RHP for detailed Information.
IPO Open
Thu, Feb 3, 2022
IPO Close
Tue, Feb 8, 2022
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹41.53 Cr
| IPO Date | 3 to 8 Feb, 2022 |
| Listed on | Wed, Feb 16, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,00,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5500 Cr) |
| Fresh Issue (Ex Market Maker) | 19,00,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 19,00,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 55,50,000 shares |
| Share Holding Post Issue | 75,50,000 shares |
| BSE Script Code | 543464 |
| ISIN | INE0JSJ01014 |
Maruti Interior Products IPO comprises a total issue size of 20,00,000 shares. The net offer to the public is 19,00,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 9,50,000 (50.00%) allocated to NII 9,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 9,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.00% | |
| Total Shares Offered | 20,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage system, aluminium long wardrobe handle & profile handle. The company has a wide range of product offerings for different customer segments. The brand Everyday Kitchen is focused on the economic range of products, while the other brand Spitze by Everyday offers premium products. Apart from the company's own branded products, it also manufactures products for big companies like Godrej, Hafele India, Kaff Appliances, Walmart, Homelane, Livespace, Spacewood, etc.
All products manufactured by MIPL are designed in-house and the company has marketing and distribution network across India. MPIL has an online presence selling direct to customers via online, e-commerce platforms like Amazon and Flipkart. With an eye on the direct customers, the company has also developed Do it yourself (DIY) products.
MIPL's factory is spread across approx. 1,00,000 sq. ft in Gujarat. The company has 300+ dealers and 25+ distributors PAN India. It also has distributors in Uganda. The company is also in process of tying up for oven wire shelf with one company in Austria.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant including shed | 6.65 |
| 2 | Working Capital Requirement | 2.85 |
| 3 | General Corporate Purpose | 0.90 |
| KPI | |
|---|---|
| RoNW | 15.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.78 | |
| P/E (x) | 12.59 | |
| Promoter Holding | 100.00% | 73.51% |
| Market Cap | ₹41.53 Cr. |
The Maruti Interior IPO is subscribed 73.42 times on February 8, 2022 6:50:00 PM (Day 4). The public issue subscribed 39.81 times in the retail category, [.] times in the QIB category, and 107.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 107.03 | 9,50,000 | 10,16,82,000 |
| Retail | 39.81 | 9,50,000 | 3,78,22,000 |
| Total | 73.42 | 19,00,000 | 13,95,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, underwriters and other out of pocket expenses. | 0.45 |
| 2 | Brokerage and selling commission | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.04 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹68.50 |
| Low | ₹68.50 |
| High | ₹71.90 |
| Last Trade | ₹71.90 |
Lead Manager Reports
Maruti Interior Products IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Feb 3, 2022, and closes on Tue, Feb 8, 2022.
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 Maruti Interior Products IPO using UPI as a payment gateway. Zerodha customers can apply in Maruti Interior Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maruti Interior Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maruti Interior Products IPO opens on Thu, Feb 3, 2022 and closes on Tue, Feb 8, 2022.
Maruti Interior Products IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Maruti Interior Products 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 Maruti Interior Products IPO will be done on Friday, February 11, 2022, and the allotted shares will be credited to your demat account by Tue, Feb 15, 2022. Check the Maruti Interior Products IPO allotment status.
The Maruti Interior Products IPO listing date is on Wed, Feb 16, 2022.
