Malpani Pipes IPO
Open SmeCurrent GMP
₹2 (+2.22%)
Price Band
₹ 85 – 90
Lot Size
1600
Issue Size
₹25.92 Cr
Minimum Investment
₹288000 (3200 Shares)
Listing Date
04 February 2025
Subscription
170.83x
About the Company
Malpani Pipes & Fittings Limited is an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, India, specializing in manufacturing high-grade plastic pipes. The company offers products like HDPE (High-Density Polyethylene), MDPE (Medium-Density Polyethylene), and LLDPE (Linear Low-Density Polyethylene) pipes, which are used across various industries, including irrigation, water supply, sewage systems, and infrastructure projects.
Founded in 2017, Malpani Pipes & Fittings has grown rapidly from operating just two machines to managing 10 production lines with an installed capacity of 11,500 M.T.P.A. The company also distributes granules and PVC pipes, and supplies products to government projects and welfare schemes for farmers. Their products are rigorously tested for quality through both in-house and third-party labs such as CIPET, SGS, Bureau Veritas, and others to meet government standards.
Their pipe offerings cater to a variety of needs:
- HDPE Pipes: Known for their strength, durability, and resistance to impact, commonly used for water supply, sewage, and industrial applications.
- MDPE Pipes: More flexible than HDPE, used for gas distribution and water mains.
- LLDPE Pipes: Highly flexible and impact-resistant, ideal for irrigation and drainage.
Malpani Pipes & Fittings serves markets across several states, including Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh, and Rajasthan. The company has built a strong client base, including major firms like GR Infra Projects Ltd. and JWIL Infra Limited. As of December 2024, the company’s outstanding order book amounted to ₹11,166.03 lakhs.
Promoters
- Rohit Malpani
- Harsh Malpani
- Mohit Malpani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.27%
Objects of the Issue
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
Address / Contact Info
Malpani Pipes And Fittings Limited
65-A, Sector B Industrial Area,
Ratlam- 457001
Madhya Pradesh, India
Phone: 07412-260707
Email: pipes@malpanipipes.com
Website: http://www.malpanipipes.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 29 January 2025
IPO Close Date
Friday, 31 January 2025
Basis of Allotment
Monday, 03 February 2025
Initiation of Refunds
Monday, 03 February 2025
Credit of Shares to Demat
Monday, 03 February 2025
Listing Date
Tuesday, 04 February 2025 — NSE & BSE
Important Dates
Open Date
29 January 2025
Close Date
31 January 2025
Basis Of Allotment
03 February 2025
Listing Date
04 February 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 12.04 | 12.42 | 3.9 | 1.83 |
| Total Borrowings | 35.74 | 30.29 | 19.59 | 8.98 |
EPS Pre
37.17%
EPS Post
0.00%
P/E Pre
2.42
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 71.52 |
| ROCE % | 21.74 |
| Debt / Equity | 2.04 |
| RoNW % | 50.07 |
| PbW | 1.48 |
| Pat Margin % | 5.25 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 800000 | 0 | 0 |
| Market Maker | 145600 | 0 | 0 |
| Qualified Institutions | 145600 | 0 | 0 |
| Non-Institutional | 561600 | 0 | 0 |
| Retail Investors | 960000 | 0 | 0 |
| Total | 2880000 | 0 | 0 |
Subscription Status ( Fri, 31 Jan 25 01:23 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 145600 | 32660800 | 224.32x |
| Non-Institutional | 561600 | 142900800 | 254.45x |
| Retail Investors | 960000 | 109238400 | 113.79x |
| Total | 1667200 | 284800000 | 170.83x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 144,000.00 |
| Retail (Max) | 1 | 1,600 | 144,000.00 |
| S-HNI (Min) | 2 | 3,200 | 288,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Interactive Financial Services Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Malpani Pipes IPO is a Book-building IPO worth ₹25.92 crores. The price band is ₹85 to 90 per share. The IPO opens on Wed, Jan 29, 2025 and closes on Fri, Jan 31, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Malpani Pipes IPO opens on Wed, Jan 29, 2025 and closes on Fri, Jan 31, 2025
Malpani Pipes IPO Price Band is ₹85 to 90.
Malpani Pipes IPO lot size is 1600, and the minimum amount required for application is ₹288000.
The minimum investment for Malpani Pipes IPO is approximately ₹288000 based on the upper price band.
To apply for the Malpani Pipes IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 31, 2025. After submission, funds are blocked until the basis of allotment of Malpani Pipes IPO is finalised.
Malpani Pipes IPO issue size is ₹25.92 crores.
Malpani Pipes IPO allotment date is Sat, Jun 27, 2026.
The registrar for Malpani Pipes IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Malpani Pipes IPO through their official website or helpline.
The Malpani Pipes IPO GMP (Grey Market Premium) is ₹2 as of Tue, Feb 4, 2025. Based on the upper price band of ₹90 per share, the estimated Malpani Pipes IPO listing price is ₹92, indicating a potential listing gain of approximately 31% over the issue price.