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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 ₹55.00 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). The minimum lot size investment for 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 Date | February 3, 2022 to February 8, 2022 |
| Listing Date | February 16, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹11.00 Cr) |
| Reserved for Market Maker | 1,00,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5500 Cr) |
| Net Offered to Public | 19,00,000 shares (aggregating up to ₹10.45 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 55,50,000 shares |
| Share Holding Post Issue | 75,50,000 shares |
Maruti Interior IPO offers total 20,00,000 shares. Out of which 9,50,000 (47.50%) allocated to NII, 9,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.00%) |
| NII (HNI) Shares Offered | 9,50,000 (47.50%) |
| Retail Shares Offered | 9,50,000 (47.50%) |
| Total Shares Offered | 20,00,000 (100.00%) |
Maruti Interior Products IPO opens on February 3, 2022, and closes on February 8, 2022.
| IPO Open Date | Thu, Feb 3, 2022 |
| IPO Close Date | Tue, Feb 8, 2022 |
| Tentative Allotment | Fri, Feb 11, 2022 |
| Initiation of Refunds | Mon, Feb 14, 2022 |
| Credit of Shares to Demat | Tue, Feb 15, 2022 |
| Tentative Listing Date | Wed, Feb 16, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 8, 2022 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 176.66 | 148.62 | 135.85 | ||
| Total Revenue | 114.75 | 152.34 | 181.87 | ||
| Profit After Tax | 16.49 | 15.45 | 22.88 | ||
The market capitalization of Maruti Interior Products IPO is ₹41.53 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.59 |
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] MIPL is operating in a highly competitive and fragmented segment. It has posted an average financial performance so far. With the new product launch, it has bright prospects going forward. Based on FY22 earnings, the issue is fully priced. Cash surplus investors may consider investment with a long term perspective. Read detail review...
| Listing Date | February 16, 2022 |
| BSE Script Code | 543464 |
| NSE Symbol | |
| ISIN | INE0JSJ01014 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹68.50 |
| Low | ₹68.50 |
| High | ₹71.90 |
| Last Trade | ₹71.90 |
Maruti Interior Products Ltd.
Plot No. 13, ,
Jay Krishna Industrial Estate,
Taluka Kotda Sangani Veraval,
Veraval, Gujarat, 360024
Phone: +91-2827 253895
Email: compliance@everyday-india.com
Website: https://spitzebyeveryday.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Maruti Interior Products IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹11.00 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on February 3, 2022, and closes on February 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 February 3, 2022 and closes on February 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 Tuesday, February 15, 2022. Check the Maruti Interior Products IPO allotment status.
The Maruti Interior Products IPO listing date is on Wednesday, February 16, 2022.
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