Malpani Pipes IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 29 Jan 2025
Close Date
Fri, 31 Jan 2025
Price Band
₹ 85 – 90
Lot Size
1600
Issue Size
₹ 25.92 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Malpani Pipes IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹25.92 Crore, comprising a fresh issue of 28.80 Lakh equity shares aggregating to ₹25.92 Crore.
The Malpani Pipes IPO remained open for subscription from January 29, 2025, to January 31, 2025. The basis of allotment was finalized on February 03, 2025, and the company's shares were listed on BSE SME Platform on February 04, 2025.
The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Interactive Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Malpani Pipes And Fittings Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Malpani Pipes IPO Timeline (Tentative)
- IPO Open Date
- Wed, 29 Jan 25
- IPO Close Date
- Fri, 31 Jan 25
- Basis of Allotment
- Mon, 03 Feb 25
- Initiation of Refunds
- Mon, 03 Feb 25
- Credit of Shares to Demat
- Mon, 03 Feb 25
- Listing Date
- Tue, 04 Feb 25 — NSE & BSE
Open Date
29 January 2025
Close Date
31 January 2025
Basis Of Allotment
03 February 2025
Listing Date
04 February 2025
IPO Subscription
Check Live Subscription →The Malpani Pipes IPO has received bids for 28,48,00,000 shares against 16,67,200 shares offered, resulting in an overall subscription of 170.83x. the NII category is subscribed 254.45x, Retail Investors 113.79x, and QIBs 224.32x.
QIB
224.32x
NII
254.45x
RII
113.79x
Total
170.83x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,60,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,45,600 shares (0%), while Non-Institutional Investors (NIIs) receive 5,61,600 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 800,000 | 0% |
| Market Maker | 145,600 | 0% |
| Qualified Institutions | 145,600 | 0% |
| Non-Institutional | 561,600 | 0% |
| Retail Investors | 960,000 | 0% |
| Total | 2,880,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Malpani Pipes And Fittings Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Malpani Pipes And Fittings Limited
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.
Malpani Pipes IPO Promoters
- Rohit Malpani
- Harsh Malpani
- Mohit Malpani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.27%
Malpani Pipes IPO Objective
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
Malpani Pipes And Fittings Limited Address / Contact Details
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
Malpani Pipes IPO Lot Size
The Malpani Pipes IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,44,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Interactive Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Malpani Pipes IPO?
Malpani Pipes IPO is a Book-building IPO with a total issue size of ₹25.92 crore. The Malpani Pipes IPO price band is ₹85 to 90 per share. The Malpani Pipes IPO subscription opens on Wed, Jan 29, 2025, and closes on Fri, Jan 31, 2025. The Malpani Pipes IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Malpani Pipes IPO.
When will the Malpani Pipes IPO open for subscription?
The Malpani Pipes IPO opens on Wed, Jan 29, 2025 and closes on Fri, Jan 31, 2025
What is Malpani Pipes IPO Price Band?
Malpani Pipes IPO Price Band is ₹85 to 90 per share.
What is Malpani Pipes IPO Lot Size?
Malpani Pipes IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Malpani Pipes IPO?
The minimum investment for Malpani Pipes IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
How to apply for Malpani Pipes IPO?
Investors can apply for the Malpani Pipes IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 31, 2025. The application amount remains blocked until the Malpani Pipes IPO allotment is finalized.
What is Malpani Pipes IPO Issue Size?
Malpani Pipes IPO issue size is ₹25.92 crores.
What is the Malpani Pipes IPO Allotment Date?
Malpani Pipes IPO allotment date is Mon, Feb 3, 2025.
Who is the Malpani Pipes IPO Registrar?
The registrar for Malpani Pipes IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Malpani Pipes IPO allotment status, refund processing, and other IPO-related information.
What is the Malpani Pipes IPO GMP?
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 2.22% over the issue price.
Who is the Malpani Pipes IPO Lead Manager?
The book-running lead managers (BRLMs) for the Malpani Pipes IPO are Interactive Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Malpani Pipes IPO Red Herring Prospectus (RHP).