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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹25.92 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹25.92 Cr |
| Fresh Issue | ₹24.61 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹85.00-90.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544351 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Interactive Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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:
As of December 31, 2024, the company had 51 full-time employees and 30 contract-based employees.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for plant and machineries | 3.50 |
| 2 | Repayment of Debt | 17.00 |
| 3 | General Corporate Purposes | 3.48 |
| 4 | Issue expenses | 1.94 |
| Total | 25.92 |
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 90.76 | 61.35 | 38.94 | 21.30 |
| Total Income | 84.55 | 141.16 | 82.57 | 34.94 |
| Profit After Tax | 5.09 | 7.40 | 2.08 | 0.89 |
| NET Worth | 19.73 | 14.77 | 5.83 | 3.76 |
| Reserves and Surplus | 12.04 | 12.42 | 3.90 | 1.83 |
| Total Borrowing | 35.74 | 30.29 | 19.59 | 8.98 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 71.52% |
| ROCE | 21.74% |
| Debt / Equity | 2.04% |
| RoNW | 50.07% |
| PAT Margin | 5.25% |
| Price to Book Value | 1.48 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 37.17 | |
| P/E (x) | 2.42 | |
| Promoter Holding | 100% | 73.28% |
| Market Cap | ₹97.00 Cr. | |
