IPO

Malpani Pipes And Fittings Limited IPO

BSE SME

Listed On: Feb 4, 2025 at ₹ 85.9

₹ 288000 /3200 Shares
*Min Investment

Check Allotment

29 Jan, 2025

Open Date

31 Jan, 2025

Close Date

03 Feb, 2025

Allotment Date

04 Feb, 2025

Listing Date
Malpani Pipes And Fittings IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 28,80,000 shares(aggregating up to ₹25.92 crore)
  • Fresh Share 28,80,000 shares(aggregating up to ₹25.92 crore)
  • Listing at BSE SME
  • List Price 85.9
  • Listing Date 2025-02-04
  • Lead Manager Interactive Financial Services Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 1600 ₹1,44,000
Retail(max) 1 1600 ₹1,44,000
NII (min) 2 3,200 ₹2,88,000
Malpani Pipes And Fittings IPO Reservation

Malpani Pipes And Fittings IPO offers total 28,80,000 shares. Out of which 5,58,400 (19.39%) allocated to QIB, 4,16,000 (14.44%) allocated to NII,9,60,000 (33.33%) allocated to RII, NA (NA%) allocated to employees and 8,00,000 (27.78%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 8,00,000 (27.78%)
Market Maker Shares Offered 1,45,600 (5.06%)
QIB Shares Offered 5,58,400 (19.39%)
NII (HNI) Shares Offered 4,16,000 (14.44%)
Retail Shares Offered 9,60,000 (33.33%)
Total Shares Offered 28,80,000 (100%)
Malpani Pipes And Fittings IPO Documents
DRHP
RHP
Malpani Pipes And Fittings IPO Details


Malpani Pipes And Fittings Limited IPO is an SME IPO, priced at ₹85-90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 28,80,000 equity shares, aggregating up to ₹25.92 crores..

The IPO bidding window is open from Jan 29, 2025 to Jan 31, 2025. The allotment is expected to be finalized on Feb 3, 2025, and the tentative listing date is Feb 4, 2025.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.

Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Mnm Stock Broking Private Limited will act as the market maker for this issue.

Read More
Malpani Pipes And Fittings IPO Subscription Analysis And Details
Retail
113.35x
Total
146.92x
As on QIB / NII Retail Total
Shares Offered / Reserved 5,58,400 / 4,16,000 9,60,000 19,34,400
Day 1 29-01-25 06:00 PM
0.02 / 8.07 x 12.42 x 7.91 x
Day 2 30-01-25 06:00 PM
0.88 / 39.76 x 50.29 x 33.76 x
Day 3 31-01-25 06:00 PM
58.49 / 343.13 x 113.35 x 146.92 x
Total No of Applications
83,780
Malpani Pipes And Fittings Valuations
EPS Pre IPO ₹37.17/-
EPS Post IPO ₹/-
ROE 71.52%
ROCE 21.74%
Debt/Equity 2.04
RoNW 50.07%
PAT Margin 5.25
Price to Book Value 1.48
Malpani Pipes And Fittings Company Financials
In Crs.
In Cr.
31-Mar-24 31-Mar-23 31-Mar-22
Assets 61.35 38.94 21.3
Revenue 141.16 82.57 34.94
Profit After Tax 7.4 2.08 0.89
Net Worth 14.77 5.83 3.76
Reserves & Surplus 12.42 3.90 1.83
Total Borrowing 30.29 19.59 8.98
About Malpani Pipes And Fittings Company

Malpani Pipes and Fittings Limited that was incorporated in 2017 deals with the production of high-grade plastic pipes.

The company sells High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes all under its brand name Volstar. Besides that, the company is into the trading of granules and PVC pipes, besides trading services.
Irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure project such as electrification cable and optical fiber cable installation are through the company's pipe.

The Company's manufacturing facility is located in Ratlam, Madhya Pradesh. It is well-equipped with all the machineries as well as it has an in-house testing facility and comprises 10 lines of production along with a production capacity of 11,500 M.T.P.A.The company sells products to wholesalers, retailers, and also provides pipes to the government projects through the authorized contractors and farmers under welfare policies.

The company had 51 full-time employees and 30 contract-based employees as of December 31, 2024.

Read More
Malpani Pipes And Fittings - Promoter(s)

Rohit Malpani

Harsh Malpani

Mohit Malpani

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.28%

Malpani Pipes And Fittings IPO - Issue Objectives
1

Capital Expenditure for purchase of machineries.

2

Repayment of Debt

3

General Corporate Purpose

Malpani Pipes And Fittings IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Malpani Pipes And Fittings Limited 37.17 37.17 60.8 N/A 50.07 1.5 Standalone
Aik Pipes And Polymers Ltd 6.69 6.69 34.46 15.7 15.56 3.38 Standalone
Kriti Industries (India) Ltd. 4.32 4.32 30.32 36.44 13.99 4.43 Standalone

Notes:

  1. The P/E Ratio for peers has been computed based on the closing market price of respective equity shares as of January 08, 2024, divided by the Basic/Diluted EPS.
  2. Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth.
  3. NAV is computed as the closing net worth divided by the outstanding number of equity shares.
Contact Details

Malpani Pipes And Fittings

65-A, Sector B Industrial Area, Ratlam 457001

07412-260707

pipes@malpanipipes.com

http://www.malpanipipes.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html