Malpani Pipes SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹85.0 - ₹90.0
Issue Size
₹25.92 Cr
Lot Size
1,600 shares
IPO Type
BSE SME
GMP
₹2(+2.22%)
Est. Listing Price
₹92
Estimate Profit
₹6,400
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
37.17
P/E Ratio
2.42
RoNW
50.07%
ROE
71.52%
Debt to Equity
2.04
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Timeline
IPO Opens
29 Jan
IPO Closes
31 Jan
Allotment
3 Feb
Listing
5 Feb
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 29 January 2025 | Subscription starts |
| IPO Close Date | 31 January 2025 | Subscription ends |
| Allotment Date | 3 February 2025 | Allotment |
| Listing Date | 5 February 2025 | Listing |
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.
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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 |
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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
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