Malpani Pipes And Fittings IPO Opens for Subscription Malpani Pipes And Fittings Limited, a leading player in the precision plastics industry, has launched its Initial Public Offering (IPO), which will be open for subscription from January 29, 2025, to January 31, 2025. The IPO is a Book Built Issue amounting to ₹ 25.92 Crores, consisting entirely of a fresh issue of 28.80 lakh shares. The company specializes in HDPE Pipes, MDPE Pipes, Sprinkler Pipes, Drip Irrigation Pipes, PE Lateral Pipes, PE Sewerage Pipes, and PE Gas Pipes.

IPO Price Band, Lot Size, and Investment Details The IPO price band is set at ₹ 85 to ₹ 90 per share, with a lot size of 1,600 shares. The minimum investment for retail investors is ₹ 1,44,000, while High-Net-Worth Individuals (HNIs) must invest in a minimum of two lots (3,200 shares) amounting to ₹ 2,88,000.

Market Capitalization and Listing Details At the upper price band of ₹ 90 per share, the post-issue market capitalization of Malpani Pipes And Fittings Limited will be ₹ 96.99 Crores. The IPO will be listed on the BSE SME, with a tentative listing date set for February 5, 2025.

Malpani Pipes And Fittings IPO Subscription Status As of 07:00 PM on January 31, 2025, the IPO was subscribed 136.90 times, reflecting high investor demand. Investors can check the live subscription status on BSE SME.

Grey Market Premium (GMP) Update The Grey Market Premium (GMP) for Malpani Pipes And Fittings IPO is ₹ 19, suggesting a potential listing gain of 21.11%. However, GMP is based on unofficial demand and supply and should not be considered a definitive indicator of the listing price.

Anchor Investors Participation Malpani Pipes And Fittings Limited raised ₹ 7.2 Crores from Anchor Investors at a price of ₹ 90 per share, allocating 8,00,000 equity shares.

Financial Performance of Malpani Pipes And Fittings Limited

• Revenue from operations: ₹ 8,454.55 Lakh (as of Nov 30, 2024)

• EBITDA: ₹ 965.38 Lakh

• Profit After Tax (PAT): ₹ 509.19 Lakh

• Return on Capital Employed (ROCE): 21.74%

• Return on Equity (ROE): 71.52%

The pre-issue EPS is ₹ 37.17, while post-issue EPS is ₹ 6.86, with a post-issue P/E ratio of 13.11x against the industry P/E ratio of 26x, indicating fair valuation.

Objectives of the IPO The company intends to utilize the net proceeds from the IPO for:

1. Purchase of machinery (₹ 350.00 Lakhs)

2. Repayment of debt (₹ 1,500.00 Lakhs)

3. General corporate purposes

How to Check Malpani Pipes And Fittings IPO Allotment Status

• Visit the registrar’s website (BIGSHARE SERVICES PRIVATE LIMITED)

• Select Malpani Pipes And Fittings IPO from the dropdown list

• Enter Application Number, PAN, or DP Client ID

• Click Submit to check allotment status

The Upcoming IPOs in this week and coming weeks are Chamunda Electricals, Ken Enterprises, Amwill Healthcare, Readymix Construction, Eleganz Interiors.

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