Malpani Pipes and Fittings IPO Subscribed 136.90x, GMP, Listing Tomorrow

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Malpani Pipes and Fittings IPO Subscribed 136.90x, GMP, Listing Tomorrow

Team Finance Saathi

03/Feb/2025

What's covered under the Article:

Malpani Pipes and Fittings IPO opens on January 29, 2025, with a ₹ 85-90 price range and a ₹ 25.92 Crore issue.
Grey Market Premium (GMP) indicates potential listing gains of 21.11%.
Financial performance suggests a fairly priced IPO.

Malpani Pipes and Fittings Limited specializes in the precision plastics industry, offering a wide range of pipes, including HDPE, MDPE, Sprinkler Pipes, Drip Irrigation Pipes, PE Lateral Pipes, PE Sewerage Pipes, and PE Gas Pipes. The company is launching an IPO amounting to ₹ 25.92 Crores, consisting entirely of a fresh issue of 28.80 Lakh shares. The subscription period for the Malpani Pipes and Fittings IPO is open from January 29, 2025, to January 31, 2025, with a tentative listing date set for February 4, 2025.

The price band for the IPO is set at ₹ 85-90 per share, and at the upper price of ₹ 90, the company’s market capitalization will be ₹ 96.99 Crores. The lot size is 1,600 shares, meaning retail investors must invest a minimum of ₹ 1,44,000 for 1 lot, while HNIs must invest ₹ 2,88,000 for 2 lots (3,200 shares).

The financial performance for Malpani Pipes and Fittings indicates steady growth, with revenues of ₹ 8,454.55 Lakh for FY 2024, and a Profit After Tax of ₹ 509.19 Lakh for the same period. The pre-issue P/E ratio is 2.42x, while the post-issue P/E ratio is 13.11x, compared to the industry P/E ratio of 26x, suggesting the IPO is fairly priced.

The Grey Market Premium (GMP) shows a 21.11% potential listing gain, based on market demand. Given the company's strong financial performance and the attractive valuation, we recommend investors apply for the Malpani Pipes and Fittings IPO to potentially benefit from listing gains.

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

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Malpani Pipes and Fittings IPO Subscribed 136.90x, GMP, Listing Tomorrow

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