Malpani Pipes SME IPO
ListedBSE SMEOpens 29 January 2025Closes 31 January 2025
Malpani Pipes and Fittings Limited manufactures high-quality plastic pipes. It offers HDPE, MDPE, and LLDPE pipes under the Volstar brand and is also involved in trading granules, PVC pipes, and related services. The…
Malpani Pipes and Fittings Limited manufactures high-quality plastic pipes. It offers HDPE, MDPE, and LLDPE pipes under the Volstar brand and is also involved in trading granules, PVC pipes, and related services. The company’s pipes are used in irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
29 Jan 2025
IPO Closes
31 Jan 2025
Allotment
3 Feb 2025
Listing
5 Feb 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 29 January 2025 |
| IPO Close Date | 31 January 2025 |
| Allotment Date | 3 February 2025 |
| Listing Date | 5 February 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,88,000 |
SHNI (Min) | 3 | ₹4,32,000 |
SHNI (Max) | 6 | ₹8,64,000 |
BHNIAbove ₹10,00,000 | 7 | ₹10,08,000 |
IPO Objectives
- Capital Expenditure for purchase of machineries.
- Repayment of Debt
- General Corporate Purpose
Strengths
- Well-placed manufacturing facilities enable efficient distribution across regions.
- Wide product range serves multiple industries and infrastructure projects.
- Strong brand reputation with Volstar pipes known for quality and reliability.
- In-house testing ensures consistent quality and industry compliance.
- Experienced management fosters innovation and operational excellence.
Weaknesses
- Dependence on raw material prices impacts profit margins.
- Limited exports restrict global expansion opportunities.
- Reliance on government projects makes it vulnerable to policy changes.
- Faces strong competition from both established and new players.
- Managing production efficiency is challenging due to fluctuating demand.
Financial Performance
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 90.76 | 61.35 | 38.94 | 21.3 |
| Revenue (₹ Cr.) | 84.55 | 141.16 | 82.57 | 34.94 |
| PAT (₹ Cr.) | 5.09 | 7.4 | 2.08 | 0.89 |
| Net Worth (₹ Cr.) | 19.73 | 14.77 | 5.83 | 3.76 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Malpani Pipes | 1.5 | 2.42 | 50.07% | 19.73 |
| Aik Pipes | 3.38 | 15.7 | 15.56% | 21.92 |
| Kriti Industries | 4.43 | 36.44 | 13.99% | 152 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.02x | 0.88x | 58.49x |
| NII | 8.07x | 39.76x | 343.13x |
| RII | 12.42x | 50.29x | 113.35x |
| Total | 7.91x | 33.76x | 146.93x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,58,400 | 3,26,60,800 | 293.95 |
| NII | 4,16,000 | 14,27,42,400 | 1,284.68 |
| RII | 9,60,000 | 10,88,12,800 | 979.32 |
| Total | 19,34,400 | 28,42,16,000 | 2,557.94 |
Company Details
- Malpani Pipes And Fittings Limited
- 65-A, Sector B Industrial Area, Ratlam 457001
- 07412-260707
- pipes@malpanipipes.com
- http://www.malpanipipes.com/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Frequently Asked Questions
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Sources
We match Malpani Pipes SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.