Upcoming IPO: Malpani Pipes And Fittings Ltd IPO will open for subscription on Wednesday, January 29, and shut on Friday, January 31. Malpani Pipes IPO value band has been fastened within the vary of ₹85 to ₹90 per fairness share of face worth of ₹10 every. Bids will be made for at least 1,600 fairness shares and in multiples of 1,600 fairness shares thereafter.
Malpani Pipes and Fittings Restricted, established in 2017, specializes within the manufacturing of high-quality plastic pipes, offering a spread of merchandise that embody Excessive-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed beneath the model identify “Volstar.”
Along with manufacturing, the corporate engages within the buying and selling of granules and PVC pipes, providing quite a lot of associated providers. The pipes produced by Malpani are utilized in varied functions together with irrigation, water provide, sewerage programs, drainage options, boreholes, tube wells, and infrastructure initiatives equivalent to electrical cable and optical fiber installations.
The corporate’s manufacturing facility, positioned in Ratlam, Madhya Pradesh, is supplied with state-of-the-art equipment and an in-house testing facility, guaranteeing excessive manufacturing requirements. With 10 manufacturing strains, Malpani Pipes has a sturdy capability of 11,500 M.T.P.A., enabling it to satisfy numerous buyer wants effectively.
As per the purple herring prospectus (RHP), the corporate’s listed friends are Aik Pipes and Polymers Ltd (with a P/E of 15.70), and Kriti Industries (India) Ltd (with a P/E of 36.44).
For the interval ending thirty first March 2024, the corporate reported complete income of ₹14,116.23 lakhs, with a PAT of ₹739.72 lakhs and EBITDA of ₹1,329.04 lakhs. Key monetary ratios embody a robust ROE of 71.52% and ROCE of 21.74%.
Malpani Pipes IPO particulars
Malpani Pipes IPO consists of a recent difficulty of 28,80,000 fairness shares, aggregating to ₹25.92 crore. There isn’t any provide on the market (OFS) part.
The IPO includes 50% of the online difficulty for QIB, 35% for retail buyers and 15% of the online difficulty for the NII phase.
The proceeds from the problem will probably be allotted for a number of key functions, together with funding capital expenditures for the acquisition of equipment, repaying present debt, fulfilling working capital wants, and addressing basic company necessities.
Interactive Monetary Companies Ltd serves because the e-book working lead supervisor for the Malpani Pipes IPO, with Bigshare Companies Pvt Ltd performing because the registrar for the providing. Moreover, Mnm Inventory Broking Non-public Restricted is designated because the market maker for the Malpani Pipes IPO.
Malpani Pipes IPO GMP right now
Malpani Pipes IPO GMP right now is +25. This means Malpani Pipes share value was buying and selling at a premium of ₹25 within the gray market, in accordance with investorgain.com.
Contemplating the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Malpani Pipes share value is indicated at ₹115 apiece, which is 27.78% increased than the IPO value of ₹90.
Gray market exercise over the prior six periods signifies that right now’s IPO GMP is optimistic and anticipates a profitable itemizing. In keeping with specialists on investorgain.com, the bottom GMP is ₹20, and the utmost is ₹25.
‘Gray market premium’ signifies buyers’ readiness to pay greater than the problem value.
Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking firms, not of Mint. We advise buyers to examine with licensed specialists earlier than making any funding determination.
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