Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Fri, Jan 12, 2024 - Tue, Jan 16, 2024
Shree Marutinandan Tubes IPO is a fixed price issue of ₹14.30 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹14.30 crore.
Shree Marutinandan Tubes IPO bidding started from Jan 12, 2024 and ended on Jan 16, 2024. The allotment for Shree Marutinandan Tubes IPO was finalized on Jan 17, 2024. The shares got listed on BSE SME on Jan 19, 2024.
Shree Marutinandan Tubes IPO price is ₹143 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,43,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,86,000.
Swastika Investmart 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 Swastika Investmart Ltd..
Refer to Shree Marutinandan Tubes IPO DRHP for detailed Information.
IPO Open
Fri, Jan 12, 2024
IPO Close
Tue, Jan 16, 2024
Issue Price
₹143 per share
Market Cap (Pre-IPO)
₹49.48 Cr
| IPO Date | 12 to 16 Jan, 2024 |
| Listed on | Fri, Jan 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹143 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 50,000 shares Swastika Investmart Ltd. (agg. up to ₹0.7150 Cr) |
| Fresh Issue (Ex Market Maker) | 9,50,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 9,50,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 24,60,000 shares |
| Share Holding Post Issue | 34,60,000 shares |
| BSE Script Code | 544083 |
| ISIN | INE0QIS01011 |
Shree Marutinandan Tubes IPO comprises a total issue size of 10,00,000 shares. The net offer to the public is 9,50,000 shares, after excluding 50,000 shares allotted on a firm basis. Of the Net offer 4,75,000 (50.00%) allocated to NII 4,75,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,75,000 | 50.00% | 47.50% |
| Retail Shares Offered | 4,75,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 50,000 | 5.00% | |
| Total Shares Offered | 10,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,43,000 |
| Retail (Max) | 1 | 1,000 | ₹1,43,000 |
| HNI (Min) | 2 | 2,000 | ₹2,86,000 |
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.
The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.34 | 16.18 | 12.85 | 13.01 |
| Total Income | 42.85 | 47.23 | 47.18 | 35.97 |
| Profit After Tax | 1.42 | 2.02 | 0.06 | 0.13 |
| NET Worth | 4.10 | 2.68 | 0.66 | 0.60 |
| Reserves and Surplus | 1.64 | 2.47 | 0.45 | 0.39 |
| Total Borrowing | 6.07 | 7.17 | 6.89 | 7.95 |
| 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 Meet Incremental Working Capital Requirements | 10.60 |
| 2 | General Corporate Purposes | 3.00 |
| KPI | |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| RoNW | 75.36% |
| PAT Margin | 4.27% |
| Price to Book Value | 1.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.20 | 8.21 |
| P/E (x) | 17.44 | 17.42 |
| Promoter Holding | 82.00% | 58.30% |
| Market Cap | ₹49.48 Cr. |
The Shree Marutinandan Tubes IPO is subscribed 47.16 times on January 16, 2024 7:02:00 PM (Day 3). The public issue subscribed 59.71 times in the retail category, [.] times in the QIB category, and 32.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 32.67 | 4,75,000 | 1,55,17,000 |
| Retail | 59.71 | 4,75,000 | 2,83,61,000 |
| Total | 47.16 | 9,50,000 | 4,48,06,000 |
Total Application : 32,457
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Fees Payable to Registrar to the Issue. | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses. | 0.33 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries. | 0.04 |
| 5 | Fees payable to Peer Review Auditor. | 0.01 |
| 6 | Fees Payable to Market Maker (for Two Years). | 0.06 |
| 7 | Escrow Bank Fees. | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹143.00 |
| Open | ₹200.00 |
| Low | ₹200.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
Lead Manager Reports
Shree Marutinandan Tubes IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹143 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Jan 12, 2024, and closes on Tue, Jan 16, 2024.
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 Shree Marutinandan Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Marutinandan Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Marutinandan Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Marutinandan Tubes IPO opens on Fri, Jan 12, 2024 and closes on Tue, Jan 16, 2024.
Shree Marutinandan Tubes IPO lot size is 1000, and the minimum amount required for application is ₹1,43,000.
You can apply in Shree Marutinandan Tubes 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 Shree Marutinandan Tubes IPO will be done on Wednesday, January 17, 2024, and the allotted shares will be credited to your demat account by Thu, Jan 18, 2024. Check the Shree Marutinandan Tubes IPO allotment status.
The Shree Marutinandan Tubes IPO listing date is on Fri, Jan 19, 2024.
