Malpani Pipes SME IPO Subscription Status
Malpani Pipes SME IPO closed on 31 January 2025 with an overall subscription of 146.93x based on shares applied. QIB demand came in at 58.49x, NII at 343.13x, and retail at 113.35x.
Allotment will be finalised on 3 February 2025. The stock is scheduled to list on NSE and BSE on 5 February 2025.
Issue Price
Rs 90.00
GMP Today
Rs 2.00 (+2.22%)
Overall Subscription
146.93x
Issue Size
₹25.92 Cr
Allotment Date
3 Feb 2025
Listing Date
5 Feb 2025
Malpani Pipes SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 90.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 5.03 Cr | Rs 293.95 Cr | 58.49x |
| NII | Rs 3.74 Cr | Rs 1,284.68 Cr | 343.13x |
| IND | Rs 8.64 Cr | Rs 979.32 Cr | 113.35x |
| Total | Rs 17.41 Cr | Rs 2,557.94 Cr | 146.93x |
Malpani Pipes SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 5,58,400 | 3,26,60,800 | 58.49x |
| NII | 4,16,000 | 14,27,42,400 | 343.13x |
| IND | 9,60,000 | 10,88,12,800 | 113.35x |
| Total | 19,34,400 | 28,42,16,000 | 146.93x |
What Do These Subscription Numbers Mean?
A subscription of 146.93x by shares means the IPO received bids for 147 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 58.49x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 58.49x, it reflects serious institutional conviction.
NII at 343.13x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 113.35x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Malpani Pipes SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 113.35x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Malpani Pipes SME IPO Allotment Status page from 3 February 2025 for your allotment result.
Malpani Pipes SME IPO GMP After Subscription
GMP for Malpani Pipes SME stands at Rs 2.00 today, giving an estimated listing price of Rs 92.00 per share.
A subscription of 146.93x combined with a GMP of 2.22% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Malpani Pipes SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Malpani Pipes SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 29 Jan 2025 | 0.02x | 8.07x | 12.42x | 7.91x |
| Day 2 - 30 Jan 2025 | 0.88x | 39.76x | 50.29x | 33.76x |
| Day 3 - 31 Jan 2025 | 58.49x | 343.13x | 113.35x | 146.93x |
Malpani Pipes SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 29 January 2025 |
| IPO Close Date | 31 January 2025 |
| Allotment Date | 3 February 2025 |
| Refund Initiation | 4 February 2025 |
| Share Credit to Demat | 4 February 2025 |
| Listing Date | 5 February 2025 |
| Minimum Investment | Rs 2,88,000.00 |
| Lot Size | 1600 shares |
About Malpani Pipes SME
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Malpani Pipes SME IPO Subscription FAQs
What is Malpani Pipes SME IPO subscription status today?
Malpani Pipes SME IPO subscription closed on 31 January 2025 with overall subscription of 146.93x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 58.49x, NII 343.13x, IND 113.35x.
What is the overall subscription of Malpani Pipes SME IPO?
Malpani Pipes SME IPO is subscribed 146.93x overall by shares at close on 31 January 2025. QIB 58.49x, NII 343.13x, and IND 113.35x.
What is Malpani Pipes SME IPO QIB subscription?
Malpani Pipes SME IPO QIB (Qualified Institutional Buyers) subscription is 58.49x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Malpani Pipes SME IPO IND subscription?
Malpani Pipes SME IPO IND subscription is 113.35x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Malpani Pipes SME IPO NII subscription?
Malpani Pipes SME IPO NII (Non-Institutional Investors) subscription is 343.13x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Malpani Pipes SME IPO for retail?
Malpani Pipes SME IPO retail share subscription is 113.35x. Application-wise data is needed for accurate lottery odds.
When is Malpani Pipes SME IPO allotment date?
Malpani Pipes SME IPO allotment date is 3 February 2025. Check Malpani Pipes SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Malpani Pipes SME IPO subscription close?
Malpani Pipes SME IPO subscription closed on 31 January 2025. No new applications are accepted after the close.
What is Malpani Pipes SME IPO GMP today?
Malpani Pipes SME IPO GMP is ₹2 today (+2.22% over issue price ₹90). See live GMP on the Malpani Pipes SME IPO GMP Today page.
What is Malpani Pipes SME IPO issue price and lot size?
Malpani Pipes SME IPO issue price is ₹90 per share. Lot size is 1600 shares. Minimum investment is ₹2,88,000 per lot (minimum 2 lots for SME). Issue size: ₹25.92 Cr.
When is Malpani Pipes SME IPO listing date?
Malpani Pipes SME IPO listing date is 5 February 2025 on NSE and BSE. Allotment is on 3 February 2025.
How does subscription affect Malpani Pipes SME IPO allotment?
Allotment odds in Malpani Pipes SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 146.93x overall, competition is very high.
For allotment results from 3 February 2025, visit the Malpani Pipes SME IPO Allotment Status page. For listing day updates on 5 February 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.