Malpani Pipes & Fittings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,358,400 (47%) | — | ₹1,223 Cr |
| NII (HNI) | — | 416,000 (14%) | — | ₹374 Cr |
| Retail | — | 960,000 (33%) | — | ₹864 Cr |
| Market Maker | — | 145,600 (5%) | — | ₹13 Cr |
| Σ Total | — | 2,880,000 (100%) | — | ₹25,920 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 85 | 141 | 83 |
| Profit After Tax | 5 | 7 | 2 |
| Net Worth | 20 | 15 | 6 |
| Total Assets | 91 | 61 | 39 |
| Reserves & Surplus | 12 | 12 | 4 |
| Total Borrowing | 36 | 30 | 20 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Capital Expenditure for purchase of machineries. –
- Repayment of Debt –
- General Corporate Purpose –
Company Overview
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.
The company offers High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under its brand name "Volstar". Additionally, the company is involved in trading granules and PVC pipes, along with selling various services.
The company’s pipes are designed for irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations.
The company’s manufacturing plant, located in Ratlam, Madhya Pradesh, is equipped with essential machinery and an in-house testing facility. It operates 10 production lines with a capacity of 11,500 M.T.P.A.
The company distributes products to wholesalers, and retailers, and supplies pipes for government projects through authorized contractors, as well as to farmers under welfare policies.
Products:
- HDPE Pipes: High-Density Polyethylene (HDPE) pipes, available in 20mm to 2000mm sizes, are used for water supply, irrigation, and industrial piping due to strength, durability, and chemical resistance.
- MDPE Pipes: MDPE pipes are durable, flexible, and corrosion-resistant, used in water supply, gas distribution, irrigation, mining, and construction projects for reliable performance.
- Lateral Pipes (LLDPE): Lateral pipes, made from premium HDPE, are durable, flexible, and corrosion-resistant, ideal for irrigation, water supply, and drainage systems.
- Drip Irrigation Pipes: Drip irrigation pipes efficiently deliver water to plants, conserving water and promoting healthy growth in agriculture, horticulture, and commercial applications.
As of December 31, 2024, the company had 51 full-time employees and 30 contract-based employees.
Competitive Strength:
- Wide Geographical Reach
- Strategically located manufacturing facilities with a core focus on quality
- Diversified product mix
- Experienced Promoter and strong management team
- Quality