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Malpani Pipes & Fittings IPO

  • Status: Closed
  • RHP:
  • ₹ 136,000 / 1600 shares

    Minimum Investment

IPO Details

  • Bidding starts

    29 Jan 2025

  • Bidding ends

    31 Jan 2025

  • Listing

    05 Feb 2025

  • IPO Price Range

    ₹ 85 to ₹ 90

  • IPO Size

    ₹ 25.92 Cr

  • Listing Exchange

    BSE SME

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IPO Timeline

Malpani Pipes & Fittings IPO Subscription Status

Last Updated: 31 January 2025 6:22 PM by 5Paisa

Malpani Pipes and Fittings Limited manufactures HDPE, MDPE, and LLDPE pipes under its "Volstar" brand, catering to irrigation, water supply, and infrastructure projects. Its Ratlam plant, with 11,500 M.T.P.A. capacity, serves wholesalers, retailers, and government contractors. Offering durable, corrosion-resistant pipes and drip irrigation systems, the company leverages strategic locations, a diverse product mix, and a skilled team.

Established in: 2017
Managing Director: Mr. Mohit Malpani


Peers

AIK Pipes and Polymers Ltd
Kriti Industries (India) Ltd
 

Objectives

1. Capital Expenditure for purchase of machineries.
2. Repayment of debt
3. General corporate purpose
 

Malpani Pipes IPO Size

Types Size
Total IPO Size ₹25.92 Cr.
Offer For Sale -
Fresh Issue ₹25.92 Cr.

 

Malpani Pipes IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 136,000
Retail (Max) 1 1,600 136,000
HNI (Min) 2 3,200 272,000

Malpani Pipes IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 58.49 5,58,400 3,26,60,800 293.95
NII (HNI) 343.13 4,16,000 14,27,42,400 1,284.68
Retail 113.35 9,60,000 10,88,12,800 979.32
Total** 146.93 19,34,400 28,42,16,000 2,557.94

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Malpani Pipes IPO Anchor Allocation

Anchor Bid Date 28 January, 2025
Shares Offered 8,00,000
Anchor portion Size (In ₹ Cr.) 7.20
Anchor lock-in period end date for 50% shares (30 Days) 5 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 4 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 34.94 82.57 141.16
EBITDA 1.89 4.41 13.29
PAT 0.89 2.08 7.40
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 21.30 38.94 61.35
Share Capital 1.93 1.93 2.43
Total Borrowings 8.98 19.59 30.29
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 0.46 -5.65 -5.59
Net Cash Generated From / (used in) investing activities -5.73 -1.45 -6.66
Net Cash Generated From / (used in) financing activities 5.44 9.42 9.99
Net Increase (Decrease) In Cash And Cash Equivalents 0.17 2.32 -2.26


Strengths

1. Strategically located manufacturing facilities ensure efficient distribution across diverse regions.

2. Diversified product portfolio caters to various industries and infrastructure projects.

3. Strong brand presence with trusted "Volstar" pipes for quality and reliability.

4. In-house testing ensures consistent quality and compliance with industry standards.

5. An experienced management team drives innovation and operational excellence.
 

Risks

1. High dependency on raw material prices affects profit margins.
2. Limited export market presence restricts global growth opportunities.
3. Reliance on government projects increases vulnerability to policy changes.
4. Competitive industry with numerous established and emerging players.
5. Operational efficiency challenges with fluctuating production demand.
 

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FAQs

Malpani Pipes IPO opens from 29 January 2025 to 31 January 2025.

The size of Malpani Pipes IPO is ₹25.92 Cr.

The price of Malpani Pipes IPO is fixed at ₹85 to ₹90 per share. 

To apply for Malpani Pipes IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Malpani Pipes  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Malpani Pipes IPO is 1,600 shares and the investment required is ₹136,000.
 

The share allotment date of Malpani Pipes IPO is 3 February 2025

The Malpani Pipes IPO will be listed on 5 February 2025.

Interactive Financial Services Ltd is the book running lead manager for Malpani Pipes IPO.
 

Malpani Pipes plans to utilise the raised capital from the IPO for:
1. Capital Expenditure for purchase of machineries.
2. Repayment of debt
3. General corporate purpose