Malpani Pipes IPO Allotment Status

resr 5paisa Research Team

Last Updated: 3rd February 2025 - 12:29 pm

2 min read
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Summary

Malpani Pipes and Fittings Limited, established in 2017, is a manufacturer of high-grade plastic pipes, offering HDPE, MDPE, and LLDPE pipes under the brand name "Volstar". The company operates a manufacturing plant in Ratlam, Madhya Pradesh, with 10 production lines and a capacity of 11,500 M.T.P.A. With 51 full-time employees and 30 contract-based employees as of December 2024, they serve diverse sectors including irrigation, water supply, and infrastructure projects.

Malpani Pipes IPO comes with a total issue size of ₹25.92 crore, which is entirely a fresh issue. The IPO opened on January 29, 2025, and closed on January 31, 2025. The allotment date for the Malpani Pipes IPO is set for Monday, February 3, 2025.

Steps to Check Malpani Pipes IPO Allotment Status on Registrar Site

  • Visit Bigshare Services Pvt Ltd website.
  • Select "Malpani Pipes IPO" from the dropdown menu on the allotment status page.
  • Enter your PAN ID, Demat Account Number, or Application Number in the designated field.
  • Complete the captcha verification process and click on the "Submit" button to view your allotment status.
     

Steps to Check Malpani Pipes IPO Allotment Status on BSE

  • Navigate to the BSE IPO Allotment Status Page.
  • Choose "Malpani Pipes IPO" from the list of active IPOs in the dropdown menu.
  • Input your Application Number and PAN ID in the required fields.
  • Verify the captcha and click "Search" to check your allotment status.
     

Malpani Pipes Subscription Status

Malpani Pipes IPO received exceptional investor interest, being subscribed 146.93 times overall. Here is a category-wise breakdown of the subscription as of 5:04:49 PM on January 31, 2025:

  • Retail Category: 113.35 times
  • Qualified Institutional Buyers (QIB): 58.49 times
  • Non-Institutional Investors (NII): 343.13 times

 

Day & Date QIB NII Retail Total
Day 1 
Jan 29, 2025
0.02 8.07 12.42 7.91
Day 2 
Jan 30, 2025
0.88 39.76 50.29 33.76
Day 3 
Jan 31, 2025
58.49 343.13 113.35 146.93

 

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

  • Capital Expenditure: Purchase of machinery for manufacturing facilities.
  • Debt Reduction: Repayment of existing debt.
  • General Corporate Purposes: Supporting various business objectives.
     

 

Malpani Pipes IPO - Listing Details

The shares are scheduled to list on February 4, 2025, on BSE SME. The remarkable subscription rate of 146.93 times demonstrates substantial investor confidence in Malpani Pipes' business model and growth prospects. The company has shown strong financial performance with revenue of ₹141.16 crore in FY24.

Their wide geographical reach, strategic manufacturing locations, and diversified product mix position them well for future growth. Investors can check their allotment status through the registrar's website or BSE on February 3, 2025. The shares are set to debut on February 4, 2025, marking a significant milestone in the company's journey to expand its plastic pipes manufacturing business across India.

 

 

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