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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 ₹143.00 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). The minimum lot size investment for 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 RHP for detailed Information.
| IPO Date | January 12, 2024 to January 16, 2024 |
| Listing Date | January 19, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹143 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹14.30 Cr) |
| Reserved for Market Maker | 50,000 shares Swastika Investmart Ltd. (aggregating up to ₹0.7150 Cr) |
| Net Offered to Public | 9,50,000 shares (aggregating up to ₹13.59 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 24,60,000 shares |
| Share Holding Post Issue | 34,60,000 shares |
Shree Marutinandan Tubes IPO offers total 10,00,000 shares. Out of which 4,75,000 (47.50%) allocated to NII, 4,75,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 50,000 (5.00%) |
| NII (HNI) Shares Offered | 4,75,000 (47.50%) |
| Retail Shares Offered | 4,75,000 (47.50%) |
| Total Shares Offered | 10,00,000 (100.00%) |
Shree Marutinandan Tubes IPO opens on January 12, 2024, and closes on January 16, 2024.
| IPO Open Date | Fri, Jan 12, 2024 |
| IPO Close Date | Tue, Jan 16, 2024 |
| Tentative Allotment | Wed, Jan 17, 2024 |
| Initiation of Refunds | Thu, Jan 18, 2024 |
| Credit of Shares to Demat | Thu, Jan 18, 2024 |
| Tentative Listing Date | Fri, Jan 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 16, 2024 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,43,000 |
| Retail (Max) | 1 | 1,000 | ₹1,43,000 |
| HNI (Min) | 2 | 2,000 | ₹2,86,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| Total Income | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
| Net Worth | 409.70 | 267.74 | 65.98 | 59.98 |
| Reserves and Surplus | 163.73 | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 607.28 | 716.90 | 688.89 | 795.31 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shree Marutinandan Tubes IPO is ₹49.48 Cr.
| KPI | Values |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| RoNW | 75.36% |
| Price to Book Value | 1.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.20 | 8.21 |
| P/E (x) | 17.44 | 17.42 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company posted fluctuating bottom lines for the last three fiscals with static top line for the last two fiscals. The sudden boost in its bottom lines for the last 18 months’ periods is not only raise eyebrows, but also concern over the sustainability going forward. H1-FY24 performance appears to be the window dressing and issue appears fully priced based on this performance. Peers compare is nothing but an eyewash. The tiny paid-up equity capital post-IPO indicates longer gestation for migration to main board. Read detail review...
| Listing Date | January 19, 2024 |
| BSE Script Code | 544083 |
| NSE Symbol | |
| ISIN | INE0QIS01011 |
| Final Issue Price | ₹143 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹143.00 |
| Open | ₹200.00 |
| Low | ₹200.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
Shree Marutinandan Tubes Ltd.
A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal,
Ahmedabad – 380058
Ahmedabad, Gujarat
Phone: +91 079-29795873
Email: cs@shreemarutitubes.com
Website: https://www.shreemarutitubes.com/index.php
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shree Marutinandan Tubes IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹14.30 Crores. The issue is priced at ₹143 per share. The minimum order quantity is 1000.
The IPO opens on January 12, 2024, and closes on January 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 January 12, 2024 and closes on January 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 Thursday, January 18, 2024. Check the Shree Marutinandan Tubes IPO allotment status.
The Shree Marutinandan Tubes IPO listing date is on Friday, January 19, 2024.
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