Malpani Pipes IPO
- IPO Date29 Jan, 2025 to 31 Jan, 2025
- Listing Date05 Feb, 2025
- Face Value₹10 per share
- Issue Price₹85 to ₹90 per share
- Lot Size1600 Shares
- Minimum Investment₹1,44,000
- Listing AtBSE SME
- Total Issue Size28,80,000 Shares
(aggregating up to ₹25.92 Cr) - Fresh Issue28,80,000 Shares
(aggregating up to ₹25.92 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue78,97,500
- Shareholding post issue1,07,77,500
IPO Dates
Closing Date
31 Jan, 2025
Initiation of Refunds
04 Feb, 2025
Listing Date
05 Feb, 2025
29 Jan, 2025
Opening Date
03 Feb, 2025
Basis of Allotment
04 Feb, 2025
Credit of Shares
Malpani Pipes Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 3200 | ₹2,88,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
Malpani Pipes Promoter Holding
Rohit Malpani, Harsh Malpani and Mohit Malpani are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 30.9% |
Malpani Pipes COMPANY INFORMATION
Malpani Pipes IPO is a book built issue of Rs 25.92 crores. The issue is entirely a fresh issue of 28.80 lakh shares. Malpani Pipes IPO opens for subscription on January 29, 2025 and closes on January 31, 2025. The allotment for the Malpani Pipes IPO is expected to be finalized on Monday, February 3, 2025. Malpani Pipes IPO will list on BSE SME with tentative listing date fixed as Wednesday, February 5, 2025. Malpani Pipes IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000. Interactive Financial Services Ltd is the book running lead manager of the Malpani Pipes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Malpani Pipes IPO is Mnm Stock Broking Private Limited.
Incorporated in 2017, Malpani Pipes and Fittings 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
Malpani Pipes and Fittings IPO
IPO Overview and Key Highlights
Malpani Pipes and Fittings, based in Ratlam, Madhya Pradesh, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 28,80,000 equity shares with a face value of ₹10 each. Proceeds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 28,80,000 equity shares
- Face Value: ₹10 per share
- Offer Price: To be determined
- Offer Opens: January 29, 2025
- Offer Closes: January 31, 2025
- Listing Exchange: SME Platform of BSE
Company Overview
Founded in 2017, Malpani Pipes and Fittings specializes in manufacturing plastic pipes such as HDPE, MDPE, and LLDPE pipes. The company caters to various sectors, including irrigation, water supply, and infrastructure projects. Promoters Rohit Malpani, Harsh Malpani, and Mohit Malpani lead the company with expertise in engineering and operations.
Financial Overview
The company has shown consistent financial growth, driven by demand for its products across sectors. IPO proceeds will help enhance production capacity, repay existing debts, and fund general corporate purposes.
Key Strengths of Malpani Pipes and Fittings
- Diverse Product Portfolio: Pipes for irrigation, potable water, and infrastructure projects.
- Strategic Location: Manufacturing facility in central India.
- Quality Assurance: ISO 9001:2015 certification and third-party testing.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing demand for irrigation and water management products.
- Proceeds Utilization: Funds for expansion and operational improvements.
- Established Reputation: Recognized for delivering high-quality pipes and fittings.
Cons
- Market Dependency: Revenue tied to the construction and agricultural sectors.
- Competitive Landscape: Faces competition from larger players in the plastic pipe industry.
- Regulatory Risks: Compliance with environmental and product standards.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Sensitivity: Revenue depends on government policies and projects.
- Operational Challenges: Managing scale while ensuring product quality.
- Regulatory Compliance: Adherence to quality and environmental regulations.
Conclusion
The Malpani Pipes and Fittings IPO offers an opportunity to invest in a growing manufacturer of plastic pipes and fittings. With its experienced leadership and focus on quality, the company is well-positioned to leverage growth in irrigation and infrastructure sectors. However, potential investors must carefully assess risks related to market dependency, competition, and operational scalability before investing.
FAQs About Malpani Pipes Ipo
Malpani Pipes IPO will open on 29 Jan, 2025 and close on 31 Jan, 2025. Investors must apply within this period to participate.
The Malpani Pipes IPO price band is set between ₹85.00 and ₹90.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹144000.00.
The Malpani Pipes IPO shares are expected to be listed on 05 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Malpani Pipes IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Malpani Pipes IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.