The Malpani Pipes IPO opens for subscription on January 29, 2025, and closes on January 31, 2025. The IPO allotment is finalized on February 3, 2025, and the listing date is set for February 5, 2025, on the BSE SME platform.
This book-built issue raises ₹25.92 crores through the issuance of 28.80 lakh fresh shares, with a price band of ₹85 to ₹90 per share. Retail investors apply with a minimum lot size of 1600 shares, requiring an investment of ₹1,44,000, while High Net-worth Individuals (HNIs) apply for at least 2 lots, amounting to ₹2,88,000.
The IPO’s quota distribution is 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for HNIs. With a solid financial performance, reporting a profit of ₹7.40 crores in 2024, up from ₹2.08 crores in 2023, Malpani Pipes offers long-term growth potential for investors.
Overview of Contents
Malpani Pipes IPO Overview
| Particulars | Details |
|---|---|
| IPO Subscription Period | January 29, 2025 to January 31, 2025 |
| Listing Date | Feb 5, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Minimum Lot Size | 1,600 Shares |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹25.92 Cr) |
| Fresh Issue Size | 28,80,000 shares (aggregating up to ₹25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing Platform | BSE SME |
| Pre-Issue Shareholding | 78,97,500 shares |
| Post-Issue Shareholding | 1,07,77,500 shares |
| Market Maker Portion | 1,45,600 shares |
| Retail Investor Quota | Not more than 35% |
| QIB Investor Quota | Not more than 50% |
| Non-Institutional Investor Quota | Not more than 15% |
| Draft Red Herring Prospectus | Click Here |
| Red Herring Prospectus | Click here |
| Anchor Investor List | Click here |
Malpani Pipes IPO Lot Size
Investors in the Malpani Pipes IPO can bid for a minimum of 1 lot (1600 shares) and in multiples thereof. Below is a summary of the minimum and maximum investment amounts for retail investors and HNIs based on the share lot size.
| Investor Category | Lot(s) | Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹1,44,000 |
| Retail (Maximum) | 1 | 1,600 | ₹1,44,000 |
| HNI (Minimum) | 2 | 3,200 | ₹2,88,000 |
Malpani Pipes IPO Dates
| Event | Date |
|---|---|
| IPO Subscription Period | January 29, 2025 to January 31, 2025 |
| Basis of Allotment | February 3, 2025 |
| Refunds Processed | February 4, 2025 |
| Credit to Demat Account | February 4, 2025 |
| IPO Listing Date | February 5, 2025 |
Malpani Pipes IPOÂ Promoter Holding
| Particulars | Details |
|---|---|
| Promoters | Rohit Malpani, Harsh Malpani, Mohit Malpani |
| Pre-Issue Shareholding | 100% |
| Post-Issue Shareholding | 30.90% |
Malpani Pipes IPO Reservation
| Investor Type | Percentage of Net Issue |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% |
| Retail Investors | At least 35% |
| Non-Institutional Investors (NII/HNI) | At least 15% |
About Malpani Pipes IPO
Incorporated in 2017, Malpani Pipes and Fittings Limited manufactures high-grade plastic pipes, including HDPE, MDPE, and LLDPE pipes, marketed under the brand name “Volstar.” The company’s products are designed for irrigation, water supply, sewerage, drainage, and infrastructure projects such as electrical cable and optical fiber installations.
With a manufacturing plant in Ratlam, Madhya Pradesh, equipped with 10 production lines and a capacity of 11,500 M.T.P.A., the company ensures quality with an in-house testing facility. Malpani Pipes has a wide geographical reach, a diverse product mix, and a strong management team, which positions it as a reliable player in the market.
Malpani Pipes IPO Financial Overview (₹ in Crores)
| Period | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| FY 2022 | ₹34.94 | ₹33.75 | ₹0.89 | ₹21.30 |
| FY 2023 | ₹82.57 | ₹79.80 | ₹2.08 | ₹38.94 |
| FY 2024 | ₹141.16 | ₹131.14 | ₹7.40 | ₹61.35 |
| November 2024 | ₹84.55 | ₹77.67 | ₹5.09 | ₹90.76 |
Malpani Pipes IPO – Key Financial Metrics for FY2024
| Financial Indicator | Value |
|---|---|
| Return on Equity (ROE) | 71.52% |
| Return on Capital Employed (ROCE) | 21.74% |
| EBITDA Margin | 9.41% |
| Profit After Tax (PAT) Margin | 5.25% |
| Debt to Equity Ratio | 2.04 |
| Earnings Per Share (EPS) | ₹37.17 (Basic) |
| Price to Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 50.07% |
| Net Asset Value (NAV) | ₹60.80 |
Objects of the Issue
- Capital Expenditure for purchase of machineries.
- Repayment of Debt
- General Corporate Purpose
Peer Group Comparison
| Company | Earnings Per Share (EPS) | Price to Earnings (P/E) Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Income |
|---|---|---|---|---|---|
| Aik Pipes and Polymers Limited | ₹6.69 | 21.14 | 15.56 | ₹34.46 | ₹37.37 Crores |
| Kriti Industries (India) Ltd | ₹4.32 | 50.13 | 13.99 | ₹30.32 | ₹870.00 Crores |
Malpani Pipes IPO Registrar
Bigshare Services Pvt. Ltd
Phone: 022-62638200
E-Mail:Â ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd
Company Address
Malpani Pipes And Fittings Limited
65-A, Sector B Industrial Area,
Ratlam- 457001, Madhya Pradesh,
India
Tel No.: 07412-260707
Email:Â cs@malpanipipes.com
Website: http://www.malpanipipes.com/
Malpani Pipes IPO FAQs
When will the Malpani Pipes IPO open and close?
The IPO will open on January 29, 2025, and close on January 31, 2025.
When will the IPO allotment be finalized and refunds processed?
The allotment will be finalized on February 3, 2025, and refunds will be processed by February 4, 2025.
When will the Malpani Pipes IPO list and when will shares be credited to demat accounts?
The IPO will list on February 5, 2025, and shares will be credited to demat accounts on February 4, 2025.
What is the minimum investment for retail and HNI investors?
The minimum investment for retail investors is ₹1,44,000 (1,600 shares), and for HNI investors, it is ₹2,88,000 (3,200 shares).
What is the shareholding before and after the IPO?
Pre-IPO, the shareholding is 100%; post-IPO, it will be 30.90%.
How are the shares allocated between investors?
The share allocation is: 35% for retail, 50% for QIB, and 15% for HNI investors.
What products does Malpani Pipes manufacture?
Malpani Pipes manufactures HDPE, MDPE, and LLDPE pipes under the brand name “Volstar”.
What were the company’s financials for FY2024?
The company reported ₹141.16 Crores in revenue, ₹7.40 Crores in profit, and ₹61.35 Crores in assets.
What are the key financial metrics for the company in FY2024?
For FY2024, the company reported an ROE of 71.52%, EPS of ₹37.17, and NAV of ₹60.80.