Malpani Pipes And Fittings Limited IPO (Malpani Pipes IPO) Detail
Malpani Pipes IPO is a book built issue of Rs 25.92 crores. The issue is entirely a fresh issue of 28.80 lakh shares.
Malpani Pipes IPO bidding started from January 29, 2025 and ended on January 31, 2025. The allotment for Malpani Pipes IPO was finalized on Monday, February 3, 2025. The shares got listed on BSE SME on February 4, 2025.
Malpani Pipes IPO price band is set at ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,36,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000.
Interactive Financial Services Ltd is the book-running lead manager of the Malpani Pipes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Malpani Pipes IPO is Mnm Stock Broking Private Limited.
Refer to Malpani Pipes IPO RHP for detailed information.
Malpani Pipes And Fittings Ltd Stock Quote & Charts
- Open: ₹61.15
- High – Low: ₹63.48 – ₹61.00
- Previous Close: ₹63.49
- Total Traded Value: 16,000.00
- 52 Weeks High: ₹55.10 (Feb 04, 2025)
- 52 Weeks Low: ₹81.61 (Mar 17, 2025)
- Updated On: Feb 04, 2025 4:00 PM
Malpani Pipes IPO Details
| IPO Date | January 29, 2025 to January 31, 2025 |
| Listing Date | February 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Total 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 Mnm Stock Broking Private Limited |
Malpani Pipes IPO Reservation
Malpani Pipes IPO offers 28,80,000 shares. 5,58,400 (19.39%) to QIB, 4,16,000 (14.44%) to NII, 9,60,000 (33.33%) to RII and 8,00,000 (27.78%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 IPO Anchor Investors Details
Malpani Pipes IPO raises Rs 7.20 crore from anchor investors. Malpani Pipes IPO Anchor bid date is January 28, 2025. Malpani Pipes IPO Anchor Investors list
| Bid Date | January 28, 2025 |
| Shares Offered | 8,00,000 |
| Anchor Portion Size (In Cr.) | 7.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 4, 2025 |
Malpani Pipes IPO Timeline (Tentative Schedule)
Malpani Pipes IPO opens on January 29, 2025, and closes on January 31, 2025.
| IPO Open Date | Wed, Jan 29, 2025 |
| IPO Close Date | Fri, Jan 31, 2025 |
| Tentative Allotment | Mon, Feb 3, 2025 |
| Initiation of Refunds | Mon, Feb 3, 2025 |
| Credit of Shares to Demat | Mon, Feb 3, 2025 |
| Tentative Listing Date | Tue, Feb 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2025 |
Malpani Pipes IPO 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 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
| Lot Size Calculator | |||
Malpani Pipes IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.28% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Malpani Pipes And Fittings Limited
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.
The company offers High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under its brand name “Volstar”. Additionally, the company is involved in trading granules and PVC pipes, along with selling various services.
The company’s pipes are designed for irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations.
The company’s manufacturing plant, located in Ratlam, Madhya Pradesh, is equipped with essential machinery and an in-house testing facility. It operates 10 production lines with a capacity of 11,500 M.T.P.A.
The company distributes products to wholesalers, and retailers, and supplies pipes for government projects through authorized contractors, as well as to farmers under welfare policies.
Products:
- HDPE Pipes: High-Density Polyethylene (HDPE) pipes, available in 20mm to 2000mm sizes, are used for water supply, irrigation, and industrial piping due to strength, durability, and chemical resistance.
- MDPE Pipes: MDPE pipes are durable, flexible, and corrosion-resistant, used in water supply, gas distribution, irrigation, mining, and construction projects for reliable performance.
- Lateral Pipes (LLDPE): Lateral pipes, made from premium HDPE, are durable, flexible, and corrosion-resistant, ideal for irrigation, water supply, and drainage systems.
- Drip Irrigation Pipes: Drip irrigation pipes efficiently deliver water to plants, conserving water and promoting healthy growth in agriculture, horticulture, and commercial applications.
As of December 31, 2024, the company had 51 full-time employees and 30 contract-based employees.
Competitive Strength:
- Wide Geographical Reach
- Strategically located manufacturing facilities with a core focus on quality
- Diversified product mix
- Experienced Promoter and strong management team
- Quality
Company Financials
Malpani Pipes And Fittings Limited Financial Information (Restated)
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 90.76 | 61.35 | 38.94 | 21.3 |
| Revenue | 84.55 | 141.16 | 82.57 | 34.94 |
| Profit After Tax | 5.09 | 7.4 | 2.08 | 0.89 |
| Net Worth | 19.73 | 14.77 | 5.83 | 3.76 |
| Reserves and Surplus | 12.04 | 12.42 | 3.9 | 1.83 |
| Total Borrowing | 35.74 | 30.29 | 19.59 | 8.98 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Malpani Pipes IPO is Rs 97.00 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 71.52% |
| ROCE | 21.74% |
| Debt/Equity | 2.04 |
| RoNW | 50.07% |
| PAT Margin | 5.25 |
| Price to Book Value | 1.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 37.17 | |
| P/E (x) | 2.42 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.
Objects of the Issue (Malpani Pipes IPO Objectives)
The company intends to utilize the Net Proceeds from the issue towards the following objects:
- Capital Expenditure for purchase of machineries.
- Repayment of Debt
- General Corporate Purpose
Malpani Pipes IPO Review May apply
[Dilip Davda] The company is engaged in manufacturing and marketing of high-grade plastic pipes for industrial/agricultural/water distribution system. It is also trading in granules and PVC Pipes and providing related services. Boosted bottom lines in pre-IPO periods i.e. from FY24 onwards raise eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Based on its recent super financials, the issue appears fully priced. Well-informed investors/cash surplus investors may park moderate funds for medium term. Read detail review…
Malpani Pipes IPO Subscription Status (Bidding Detail)
The Malpani Pipes IPO is subscribed 146.93 times on January 31, 2025 5:04:49 PM (Day 3). The public issue subscribed 113.35 times in the retail category, 58.49 times in the QIB category, and 343.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 58.49 | 5,58,400 | 3,26,60,800 | 0 |
| NII* | 343.13 | 4,16,000 | 14,27,42,400 | 0 |
| Retail | 113.35 | 9,60,000 | 10,88,12,800 | 0 |
| Total | 146.93 | 19,34,400 | 28,42,16,000 | 83,780 |
Total Application : 83,780
*Market Maker portion is not included to NII/HNI.
Malpani Pipes IPO Prospectus
Malpani Pipes IPO Listing Details
| Listing Date | February 4, 2025 |
| BSE Script Code | 544351 |
| NSE Symbol | |
| ISIN | INE0YON01014 |
| Final Issue Price | ₹90 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹85.90 |
| Low | ₹81.61 |
| High | ₹90.00 |
| Last Trade | ₹84.04 |
Check IPO Performance…
Malpani Pipes And Fittings Limited Contact Details
Malpani Pipes And Fittings Limited
65-A,
Sector B Industrial Area,
Ratlam 457001
Phone: 07412-260707
Email: pipes@malpanipipes.com
Website: http://www.malpanipipes.com/
Malpani Pipes IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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