Malpani Pipes And Fittings Limited (BSE SME)
Jan 29, 2025 - Jan 31, 2025
| Price | ₹85 - ₹90 |
| Premium | ₹2 |
|---|---|
| Lot size | 1600 |
| Allotment | Feb 1, 2025 |
| Listing | Feb 4, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 144000 | 600 |
| HNI | 2 | 3200 | 288000 | 260 |
Last updated on 31-Jan-2025 17:17:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 558400 | 32660800 | 58.49 |
| HNIs | 416000 | 142900800 | 343.51 |
| Retail | 960000 | 109238400 | 113.79 |
| Total | 1934400 | 284800000 | 147.23 |
| Total Applications: 83780 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹7.1 | @8% ₹8.1 | @9% ₹9.1 | @10% ₹10.1 | @11% ₹11.1 | @12% ₹12.1 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹41.5 | @8% ₹47.4 | @9% ₹53.4 | @10% ₹59.3 | @11% ₹65.2 | @12% ₹71.1 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.33% | 960000 |
| NII (HNI) | 14.44% | 416000 |
| Anchor | 27.78% | 800000 |
| QIB | 19.39% | 558400 |
| Market Maker | 5.06% | 145600 |
| Total | 100.00% | 2880000 |
Malpani Pipes IPO Details
| Issue Size | 28,80,000 shares (aggregating up to ₹25.92 Cr) |
| Fresh Issue | 28,80,000 shares (aggregating up to ₹ 25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 78,97,500 shares |
| Share Holding Post Issue | 1,07,77,500 shares |
| Market Maker Portion | 1,45,600 shares |
| Market Maker | Mnm stock Broking |
Key Performance Indicator
| KPI | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 29.27% | 71.52% | 43.35% |
| ROCE | 11.17% | 21.74% | 12.78% |
| RONW | 25.81% | 50.07% | 35.65% |
| D/E | 1.79 | 2.04 | 3.36% |
| EPS (basic) | 9.68 | 37.17 | 10.78 |
| P/E Pre IPO | 2.42 |
Company Financials In Crores
| Period Ended | Nov-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 91 | 61 | 39 | 21 |
| Revenue | 85 | 141 | 83 | 35 |
| Profit After Tax | 5 | 7 | 2 | 1 |
| Net Worth | 20 | 15 | 6 | 4 |
| Reserves and Surplus | 12 | 12 | 4 | 2 |
| Total Borrowing | 36 | 30 | 20 | 9 |
About Company
Malpani Pipes and Fittings Limited, incorporated in 2017, specializes in manufacturing high-grade plastic pipes under its brand "Volstar" and trading granules and PVC pipes. The company's product range includes HDPE, MDPE, and LLDPE pipes, designed for diverse applications like irrigation, water supply, sewerage, drainage, and infrastructure projects. With a manufacturing plant in Ratlam, Madhya Pradesh, equipped with 10 production lines and an in-house testing facility, the company has an annual capacity of 11,500 M.T.P.A. It distributes products through wholesalers, retailers, government projects, and welfare schemes for farmers. As of December 31, 2024, the company employed 51 full-time and 30 contract-based staff.
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Wide Geographical Reach: The company serves wholesalers, retailers, government projects, and farmers, ensuring a broad market presence.
Quality-Focused Manufacturing: Strategically located in Ratlam, the facility is equipped with advanced machinery and in-house testing for consistent product quality.
Diversified Product Mix: Offers HDPE, MDPE, LLDPE, and drip irrigation pipes catering to irrigation, water supply, sewerage, and infrastructure needs.
Dependence on a Single Manufacturing Facility: Any shutdown or disruption at the manufacturing plant could adversely impact operations and financial performance.
Delays in Capital Expenditure: Delays in procuring equipment or machinery for planned expansions could lead to time and cost overruns, affecting growth plans.
Customer Concentration Risk: A significant portion of revenues depends on the top ten customers, and losing any of them could negatively impact the company’s financial condition.
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Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com