SME · BSESubscribed: 147.23×GMP ₹2
Malpani Pipes And Fittings Limited

Malpani Pipes And Fittings Limited

Malpani Pipes And Fittings Limited(MPFL)

Total Shares

28,80,000

Issue Size

₹25.92 Cr

Price Band

85 – ₹90

Lot Size

1600 shares

Min. Investment

1,44,000

Max. Investment

1,44,000

Open Date

29 Jan, 2025

Close Date

31 Jan, 2025

Allotment

01 Feb, 2025

Listing

04 Feb, 2025

Announced

29 Jan, 2025

Opening Date

29 Jan, 2025

Closing Date

31 Jan, 2025

Basis of Allotment

01 Feb, 2025

Initiation of Refunds

03 Feb, 2025

Credit of Shares

03 Feb, 2025

Listing Date

04 Feb, 2025

Live GMP

Est. Listing: ₹110

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About Malpani Pipes And Fittings Limited IPO

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, sewe

Malpani Pipes And Fittings Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue28,80,000 shares₹25.92 Cr
Fresh Issue28,80,000 shares₹ 25.92 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue78,97,500
Post-Issue1,07,77,500

Dilution: 36.5% increase in shares

Malpani Pipes And Fittings Limited IPO Financials Health

Malpani Pipes And Fittings Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum116001,44,000
Retail Maximum116001,44,000
HNI Minimum232002,88,000

(All values in CR)

Malpani Pipes And Fittings Limited IPO Valuation

MetricValue
DEBT/EQUITY2.04
EPS Pre IPO37.17
P/E Pre IPO2.42
PAT MARGIN5.25
PRICE TO BOOK VALUE1.48
ROCE21.74%
ROE71.52%
RONW50.07%

(All values in CR)

Strength & Risk of Malpani Pipes And Fittings Limited IPO

+Strengths

1. Wide Geographical Reach.

2. Strategically located manufacturing facilities with a core focus on quality.

3. Diversified product mix.

4. Our Quality.

5. Experienced Promoter and strong management team.

!Risks

1. Our business depends on our manufacturing facility and shutdown of operations of the manufacturing facility on any reasons could adversely affect our business and results of operations.

2. We have not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.

3. We derive a significant portion of our revenues from Our top ten customers. The loss of any significant customer may have an adverse effect on our business, financial condition, results of operations, and prospects.

4. Our top ten suppliers contribute majority of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.

5. There are outstanding litigations involving the Company which if determined against us, could adversely impact financial conditions.

6. Majority of Our operations are limited to the states of Northern India. Up till now, we are supplying our products to the customers spread over with the state of Northern India.

7. Any increase in the cost of our raw material or other purchases or a shortfall in the supply of our raw materials, may adversely affect the pricing and supply of our products and have an adverse effect on our business, results of operations and financial condition.

8. We engage in foreign currency transactions, which expose us to adverse fluctuations in foreign exchange rates. Fluctuations in the exchange rate between the Rupee and other currencies may adversely affect our operating results.

9. We have experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.

10. The unsecured loan availed by our Company from Directors may be recalled at any given point of time.

Malpani Pipes And Fittings Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.008,00,0008,00,0007.2
HNI343.514,16,00014,29,00,8001
Market Maker1.001,45,6001,45,6001.31
QIB58.495,58,4003,26,60,800293.95
Retail113.799,60,00010,92,38,400983.15
Total147.2319,34,40028,48,00,0002

Malpani Pipes And Fittings Limited IPO GMP

+20+22.2%

Last updated 24 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
24 Jan, 202590₹2024300₹110 (22.22%)-24 Jan, 2025
31 Jan, 202590₹2024300₹110 (22.22%)-31 Jan, 2025
01 Feb, 202590₹78500₹97 (7.78%)-01 Feb, 2025
02 Feb, 202590₹22400₹92 (2.22%)-02 Feb, 2025
03 Feb, 202590₹22400₹92 (2.22%)-03 Feb, 2025
04 Feb, 202590₹22400₹92 (2.22%)-04 Feb, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Malpani Pipes And Fittings Limited IPO

1

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2

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Find Malpani Pipes And Fittings Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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Provide your UPI ID linked to your bank account and submit the application.

4

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5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.