Shree Marutinandan Tubes Limited IPO
- IPO Date12 Jan, 2024 to 16 Jan, 2024
- Listing Date19 Jan, 2024
- Face Value₹10 per share
- Issue Price₹143 to ₹143 per share
- Lot Size1000 Shares
- Minimum Investment₹1,43,000
- Listing AtBSE SME
- Total Issue Size10,00,000 Shares
(aggregating up to ₹14.30 Cr) - Fresh Issue10,00,000 Shares
(aggregating up to ₹14.30 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue24,60,000
- Shareholding post issue34,60,000
IPO Dates
Closing Date
16 Jan, 2024
Initiation of Refunds
18 Jan, 2024
Listing Date
19 Jan, 2024
12 Jan, 2024
Opening Date
17 Jan, 2024
Basis of Allotment
18 Jan, 2024
Credit of Shares
Shree Marutinandan Tubes Limited Lot Size
Investors can bid for a minimum of 1000 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 |
|---|---|---|---|
| HNI (Min) | 2 | 2000 | ₹2,86,000 |
| Retail (Min) | 1 | 1000 | ₹1,43,000 |
| Retail (Max) | 1 | 1000 | ₹1,43,000 |
Shree Marutinandan Tubes Limited Promoter Holding
Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 82% | 58.3% |
Shree Marutinandan Tubes Limited COMPANY INFORMATION
Shree Marutinandan Tubes IPO is a fixed price issue of Rs 14.30 crores. The issue is entirely a fresh issue of 10 lakh shares. Shree Marutinandan Tubes IPO opens for subscription on January 12, 2024 and closes on January 16, 2024. The allotment for the Shree Marutinandan Tubes IPO is expected to be finalized on Wednesday, January 17, 2024. Shree Marutinandan Tubes IPO will list on BSE SME with tentative listing date fixed as Friday, January 19, 2024. Shree Marutinandan Tubes IPO price is ₹143 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹143,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹286,000. Swastika Investmart Ltd is the book running lead manager of the Shree Marutinandan Tubes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree Marutinandan Tubes IPO is Swastika Investmart. Refer to Shree Marutinandan Tubes IPO RHP for detailed information.
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.
The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
FAQs About Shree Marutinandan Tubes Limited Ipo
Shree Marutinandan Tubes Limited IPO will open on 12 Jan, 2024 and close on 16 Jan, 2024. Investors must apply within this period to participate.
The Shree Marutinandan Tubes Limited IPO price band is set between ₹143.00 and ₹143.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹143000.00.
The Shree Marutinandan Tubes Limited IPO shares are expected to be listed on 19 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Shree Marutinandan Tubes Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shree Marutinandan Tubes Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.