Malpani Pipes Limited IPO- Check Date, Price, GMP, Details, open on 29 Jan

The Malpani Pipes Limited IPO is set to open for subscription on 29 Jan 2025, with a price band of ₹85 to ₹90 per share with a market lot of 1600 Shares. The face value of the shares is 10.00 per equity.

Malpani Pipes Limited IPO Details

Malpani Pipes and Fittings Limited, a prominent Indian plastic pipes and fittings company, is set to launch its Initial Public Offering (IPO), marking a significant milestone in its growth journey and providing investors with a lucrative opportunity.

Also Read This ArticleDr Agarwal Healthcare IPO GMP

The company plans to issue 28,80,000 equity shares with a face value of ₹10, with the issue price and share premium determined closer to the IPO date. The market maker reservation portion is fixed at 1,45,600 equity shares for liquidity and smooth trading.

The Malpani Pipes Limited IPO is set to open for subscription on 29 Jan 2025 , and close on 31 Jan 2025, with allotment expected to be finalized on February 3, 2025, and Malpani Pipes Limited IPO will list on BSE SME with the tentative listing date fixed as Monday, February 3, 2025.

INTERACTIVE FINANCIAL SERVICES LTD is the book-running lead manager for the Malpani Pipes Limited IPO, while BIGSHARE SERVICES PRIVATE LTD is the registrar.

Please refer to Malpani Pipes Limited IPO RHP for more detailed information.

Malpani Pipes and Fittings Limited is set to issue 1,600 shares at a price of ₹[●] per share in its IPO. The minimum bid amount is the cost of 1,600 shares, with maximum bid quantities for Qualified Institutional Investors (QIIs) and Non-Institutional Investors (NIIs) ranging from 13,76,000 to 27,34,400 shares.

Malpani Pipes Limited IPO Dates:

The Malpani Pipes Limited IPO is scheduled as follows:

  • Opening Date: January 29, 2025
  • Closing Date: January 31, 2025
  • Allotment Date: February 3, 2025
  • Listing Date: February 5, 2025

Malpani Pipes Limited IPO Lot Size and Price:

Malpani Pipes and Fittings Limited is set to launch its IPO with a price range of ₹85 to ₹90 per share. Retail investors can bid a minimum of ₹1,44,000, while QIIs can bid up to 27,34,400 shares, resulting in a total bid value of ₹24.48 crores. Non-Institutional Investors can bid up to 13,76,000 shares, resulting in a bid value of ₹12.24 crores.

CategoryPrice Range (₹)Minimum/Maximum SharesBid Value (₹)
Retail Investors85 – 901,600 (minimum bid)₹1,44,000 (1,600 × ₹90)
Qualified Institutional Investors (QIIs)85 – 9027,34,400 (maximum bid)₹24.48 crores (27,34,400 × ₹90)
Non-Institutional Investors (NIIs)85 – 9013,76,000 (maximum bid)₹12.24 crores (13,76,000 × ₹90)

Malpani Pipes Limited Financial Information

The financial highlights of Malpani Pipes and Fittings Limited based on the available information in DRHP:


Financial Information of Malpani Pipes and Fittings Limited

ParticularsPeriod Ended Nov 30, 2024 (₹ in Lakhs)FY 2023-24 (₹ in Lakhs)FY 2022-23 (₹ in Lakhs)FY 2021-22 (₹ in Lakhs)
Share Capital789.75243.00193.00193.00
Net Worth1,972.791,477.47583.48376.30
Revenue from Operations8,409.7514,096.188,245.093,490.58
Other Income44.7920.0511.673.09
Profit After Tax (PAT)509.19739.72208.0489.06
Earnings Per Share (₹)6.4537.1710.784.61
Net Asset Value Per Share (₹)24.9860.8030.2319.50
Total Borrowings3,573.983,028.871,959.26897.61

Key Financial Highlights

  1. Revenue Growth
    • The company has demonstrated consistent growth, with revenue increasing from ₹3,490.58 lakhs in FY 2021-22 to ₹14,096.18 lakhs in FY 2023-24.
  2. Profitability
    • Profit After Tax (PAT) has grown significantly, reflecting efficient operations and demand for its products. From ₹89.06 lakhs in FY 2021-22, it has risen to ₹739.72 lakhs in FY 2023-24.
  3. Net Worth and Share Capital
    • The company’s net worth has steadily increased, signaling a strong financial position. Share capital has also grown over time, enhancing the company’s capacity for future growth.
  4. Debt Management
    • Total borrowings have increased to ₹3,573.98 lakhs as of November 30, 2024. The IPO proceeds will help reduce this burden and strengthen the balance sheet.

Malpani Pipes Key Performance Indicators

Key Performance Indicators (KPIs)

ParticularsFY 2023-24FY 2022-23FY 2021-22
Revenue from Operations (₹ Lakhs)14,096.188,245.093,490.58
% of Growth70.96%136.21%
EBITDA (₹ Lakhs)1,329.04441.31188.72
EBITDA Margin (%)9.43%5.35%5.41%
Profit After Tax (PAT) (₹ Lakhs)739.72208.0489.06
PAT Margin (%)5.25%2.52%2.55%
Return on Equity (ROE) (%)71.52%43.35%26.64%
Return on Capital Employed (ROCE) (%)21.74%12.78%10.66%

Company Overviews

Malpani Pipes and Fittings Limited, established in 2017 and headquartered in Ratlam, Madhya Pradesh, is a leading manufacturer of high-quality plastic pipes. The company specializes in producing High-Density Polyethylene (HDPE), Medium-Density Polyethylene (MDPE), and Linear Low-Density Polyethylene (LLDPE) pipes, catering to diverse sectors such as agriculture, water supply, sewerage, and infrastructure projects.

Malpani Pipes Limited now operate 10 production lines with a total installed capacity of 11,500 M.T.P.A. and have expanded our product range to include MDPE, LLDPE, Sprinkler Pipes, and Drip Pipes.

Malpani Pipes distributes products to both wholesalers and retailers. Additionally, the supply pipes for government projects through authorised contractors involved in local, state, or federal development schemes. Also, Malpani Pipes supply pipes to farmers in terms of farmer welfare policies launched by the central or state government.

Company has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar-Pradesh, Gujarat, Andhra Pradesh and Rajasthan.

Malpani Pipes Limited, a leading pipeline company, has a diverse clientele including GR Infra Projects Ltd., JWIL Infra Limited, Virent Power & Projects Pvt Ltd., Bihani Constructions Private. Limited.

Expansion Plans

  • Increase Production Capacity: The company plans to expand its production capacity by adding more production lines and upgrading existing machinery.
  • New Product Lines: They aim to introduce new products, including Medium-Density Polyethylene (MDPE), Linear Low-Density Polyethylene (LLDPE), Sprinkler Pipes, and Drip Pipes
Malpani Pipes Limited PROMOTERS Holding:

The promoters of Malpani Pipes and Fittings Limited are Rohit Malpani, Harsh Malpani, and Mohit Malpani.

Before the IPO, the promoter holding was 100%. Post-IPO, their combined holding is expected to be 73.28%

OBJECT OF THE ISSUE

Our Company proposes to utilize the Net Proceeds from the issue towards the following objects (“Objects of the Issue”)

  1. Capital Expenditure for purchase of machineries.
  2. Repayment of Debt
  3. General Corporate Purpose,
Malpani Pipes and Fittings Limited Contact Details:

Here is the company address based on the details you provided:

Malpani Pipes Pvt. Ltd.
65-A, Sector B Industrial Area,
Ratlam – 457001,
Madhya Pradesh, India

Contact Person: Hariom Patidar
Company Secretary and Compliance Officer

Email: cs@malpanipipes.com
Telephone No.: 07412-260707
Website: www.malpanipipes.com

Read for more details—

  • Malpani Pipes Limited IPO RHP –-RHP
  • Malpani Pipes Limited IPO DRHPDRHP

Leave a Comment