Malpani Pipes IPO - Day 3 Subscription at 41.73 Times

resr 5paisa Research Team

Last Updated: 31st January 2025 - 01:01 pm

3 min read
Listen icon

Malpani Pipes' initial public offering (IPO) has demonstrated exceptional investor interest throughout its three-day subscription period. The IPO has shown remarkable momentum, progressing from 7.91 times on day one, to 33.76 times on day two, and ultimately achieving an impressive 41.73 times subscription by 10:59:49 AM on the final day.

 

 

Malpani Pipes IPO’s retail segment has emerged as the strongest performer, reaching an outstanding 62.12 times subscription, while Non-Institutional Investors have shown substantial interest with 49.50 times subscription. The Qualified Institutional Buyers segment has maintained steady participation at 0.89 times, reflecting a balanced mix of investor interest across categories.

Subscription Status of Malpani Pipes IPO:

Date QIB NII  Retail Total
Day 1 (Jan 29) 0.02 8.07 12.42 7.91
Day 2 (Jan 30) 0.88 39.76 50.29 33.76
Day 3 (Jan 31)* 0.89 49.50 62.12 41.73

*As of 10:59:49 AM

Here are the subscription details for Malpani Pipes IPO as of Day 3 (31st January 2025, 10:59:49 AM):

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (Rs Cr.)
Anchor Investors 1.00 8,00,000 8,00,000 7.20
Market Maker 1.00 1,45,600 1,45,600 1.31
Qualified Institutions 0.89 5,58,400 4,97,600 4.48
Non-Institutional Buyers 49.50 4,16,000 2,05,90,400 185.31
Retail Investors 62.12 9,60,000 5,96,35,200 536.72
Total 41.73 19,34,400 8,07,23,200 726.51

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 3:

  • Overall subscription reached exceptional 41.73 times on the final day
  • Retail investors showing overwhelming response at 62.12 times
  • Non-Institutional Investors achieved remarkable 49.50 times
  • QIB portion near completion at 0.89 times
  • Total bids worth ₹726.51 crores received
  • Applications reached 62,226 showing strong investor interest
  • Final day demonstrating sustained momentum
  • Significant oversubscription across major categories
  • Market response indicating robust confidence

 

Malpani Pipes IPO - Day 2 Subscription at 33.76 Times

Key Highlights:

  • Overall subscription surged to 33.76 times
  • Retail investors showed strong growth to 50.29 times
  • Non-institutional investors progressed to 39.76 times
  • QIB portion improved to 0.88 times
  • Day two maintaining strong momentum
  • Market response indicating growing confidence
  • Subscription trend showing consistent strength
  • All segments demonstrating substantial growth
  • Strong retail and NII participation continuing

 

Malpani Pipes IPO - Day 1 Subscription at 7.91 Times

Key Highlights:

  • Overall subscription began at 0.07 times
  • Retail investors started at 0.12 times
  • Small NIIs opened at 0.09 times
  • Employee portion initiated at 0.09 times
  • Shareholder category began at 0.14 times
  • Measured start with gradual participation
  • Early interest from retail segment
  • Foundation set for subsequent days

 

About Malpani Pipes And Fittings Limited

Incorporated in 2017, Malpani Pipes and Fittings Limited has established itself as a manufacturer of high-grade plastic pipes, specializing in various polyethylene pipe products marketed under their brand "Volstar". The company's comprehensive product portfolio includes High-Density Polyethylene (HDPE), Medium-Density Polyethylene (MDPE), and Linear Low-Density Polyethylene (LLDPE) pipes, serving diverse applications from irrigation to infrastructure projects.

Operating from their manufacturing facility in Ratlam, Madhya Pradesh, the company maintains 10 production lines with a substantial capacity of 11,500 M.T.P.A. Their state-of-the-art facility is equipped with essential machinery and an in-house testing facility, ensuring quality control throughout the production process. The company's distribution network encompasses wholesalers, retailers, and government project contractors, with a particular focus on serving farmers through various welfare policies.

Their financial performance demonstrates strong growth, with revenue of ₹84.55 crores and profit after tax of ₹5.09 crores for the period ended November 30, 2024. The company maintains a workforce of 51 full-time employees and 30 contract-based employees, supporting their manufacturing and distribution operations.
 

Highlights of the Malpani Pipes IPO:

  • IPO size: ₹25.92 crores
  • Fresh Issue: 28.80 lakh shares
  • Face value: ₹10 per share
  • Price band: ₹85 to ₹90 per share
  • Lot size: 1,600 shares
  • Minimum investment for retail investors: ₹1,44,000
  • Minimum investment for HNI: ₹2,88,000 (2 lots)
  • Market maker reservation: 1,45,600 shares
  • Listing at: BSE SME
  • IPO opens: 29th January 2025
  • IPO closes: 31st January 2025
  • Allotment date: 3rd February 2025
  • Refund initiation: 3rd February 2025
  • Credit of shares: 3rd February 2025
  • Listing date: 4th February 2025
  • Lead Manager: Interactive Financial Services Ltd
  • Registrar: Bigshare Services Pvt Ltd
  • Market Maker: Mnm Stock Broking Private Limited

 

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form