malpani pipes ipo 2025

Malpani Pipes IPO: Open Date, Close, and Financial Performance

The Malpani Pipes IPO for subscription opens on January 29, 2025 and closes on January 31, 2025. Malpani Pipes and Fittings Limited has been a highly recognized name in Indian precision plastics for a long period. The organization was founded in the year 2017 with the main objective of manufacturing high-quality plastic pipes for sectors like agriculture, gas distribution, and infrastructure sectors.

Malpani Pipes IPO Date

Investors should note the following Malpani Pipes IPO dates:

  • IPO Open Date: January 29, 2025
  • IPO Close Date: January 31, 2025
  • Basis of Allotment: February 3, 2025
  • Refund Initiation: February 4, 2025
  • Credit of Shares: February 4, 2025
  • Listing Date: February 5, 2025

These Malpani IPO dates are important to ensure timely participation and tracking of the IPO process.

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Malpani IPO Details: Issue Size

The Malpani Pipes IPO has the following key details:

  • IPO Size: ₹25.92 crores (28,80,000 shares)
  • Fresh Issue: ₹25.92 crores (28,80,000 shares)
  • Price Band: ₹85 to ₹90 per share
  • Face Value: ₹10 per equity share
  • Issue Type: Book Built Issue
  • Total Shares Offered: 28,80,000
  • Listing Platform: BSE SME

This upcoming IPO allows investors the chance to be a part of the growth story for companies that will see growth in areas of potential.

Malpani Pipes IPO Details: Proceeds Utilization

As outlined in the Red Herring Prospectus filed with SEBI, proceeds from the Malpani Pipes IPO will be invested judiciously to meet the company’s growth needs and strengthen its operating efficiency.

Capital Expenditure Needs

  • A part of the net IPO proceeds will be utilized to meet capex requirements to buy plants and machinery.

Loan Repayment

  • A large part of the IPO proceeds will go to repay and pre-pay the loans availed by the company.

General Corporate Purposes

  • The remaining amount will be used for wide strategic initiatives of the company by strengthening its presence in the marketplace through focused marketing and branding campaigns.

Malpani Pipes IPO Lot Size

Malpani Pipes has allowed the bidders to bid in lots under the IPO for investors, thus providing the information as follows:

Investor Type Lots Shares Amount (₹)
Retail (Min) 1 1,600 1,44,000
Retail (Max) 1 1,600 1,44,000
HNI (Min) 2 3,200 2,88,000

Retail investors have to apply for a minimum of 1,600 shares, while HNIs have to apply for a minimum of 2 lots.

Malpani Pipes IPO Shareholder Quota

The Malpani Pipes IPO Shareholder quota has an allocation structure that ensures participation from different categories of investors:

  • Qualified Institutional Buyers (QIB): Up to 50% of the total issue.
  • Retail Individual Investors (RII): A minimum of 35% of the issue.
  • Non-Institutional Investors (NII): A minimum of 15% of the issue.

This allotment will result in a proper share distribution among the institutional and retail investors.

Malpani Pipes IPO Details: Promoter Holding

The prominent promoters of Malpani Pipes and Fittings Limited are Rohit Malpani, Harsh Malpani, and Mohit Malpani, who owns a large share of the company.

  • Pre-Issue Shareholding: 100% of the equity shares of the company, with complete ownership and control.
  • Post-Issue Shareholding: 73.28%, indicating the new equity shares issued to the public.

This dilution of promoter holding is an inherent step in the IPO process; this enables the company to raise capital while retaining a majority stake under promoter ownership.

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Malpani IPO Company Overview

Malpani Pipes and Fittings Limited is one of the leading players in India’s plastic pipes industry, and it is known for its quality, innovation, and sustainability. The company began operations in the year 2017. But the firm quickly rose to success to become known in various diverse sectors, including agronomy, fuel gas, drainage and sewerage supply, and even infrastructures as a whole, under a vigorous manufacturing structure; its state of technology is highly advanced with an immensely experienced labor for top products service delivery.

The company’s manufacturing facilities are equipped with the latest technology to produce a wide variety of high-quality plastic pipes. This includes HDPE, MDPE, and PE pipes, which have been in much demand today based on their strength and efficiency in several applications. Malpani Pipes abides by the quality benchmarks and ensures their products to be reliable, safe, and perform for long periods.

Understanding Malpani Pipes IPO valuation is crucial for investors as it highlights the company’s growth potential and financial stability. Malpani Pipes and Fittings Limited has emerged as a leader in India’s dynamic plastic pipes market by implementing advanced technology, strict quality protocols, and a customer-centric approach; it promises sustainable growth and excellence.

Malpani Pipes IPO Financial Performance

The Malpani Pipes IPO Year-on-Year Financial Highlights are:

Particulars 31 Mar 2022 (₹ Crore) 31 Mar 2023 (₹ Crore) 31 Mar 2024 (₹ Crore) 30 Nov 2024 (₹ Crore) % Change (Mar’22 – Nov’24)
Assets 21.3 38.94 61.35 90.76 326.10%
Revenue 34.94 82.57 141.16 84.55 141.99%
Profit After Tax 0.89 2.08 7.4 5.09 471.91%
Net Worth 3.76 5.83 14.77 19.73 424.73%
Reserves and Surplus 1.83 3.9 12.42 12.04 557.92%
Total Borrowing 8.98 19.59 30.29 35.74 298.00%

Summary Analysis of the Table:

  • Growth in Assets: The company’s assets, in March 2022 at ₹21.30 crore went up by an impressive 326.10%, reaching ₹90.76 crores as on November 2024.
  • Revenue variations: During this period, its revenue went up by 141.99%, but a relative decline was shown in the company’s revenue by November 2024. End.
  • Profit After Tax (PAT): PAT grew by an impressive 471.91%, indicating that the profitability improvements are quite strong even though revenues are fluctuating.
  • Net Worth Increase: Net worth increased by 424.73%, which means that equity and reserves have grown quite robustly, thus strengthening the financial health of the company.
  • Reserves and Surplus: The highest growth in reserves was seen at 557.92%, which indicates prudent retention of profits to support future growth and stability.
  • Borrowings have increased by 298% which reflects the increased dependence on borrowed funds that would probably be used to finance the company’s expansion and working capital requirements.

This is the performance of Malpani Pipes and Fittings Limited in terms of a quick growth pattern while it expands its market share, though with flaky revenues.

Peer Group Comparison of Malpani Pipes IPO

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio
Malpani Pipes And Fittings Limited 37.17 37.17 60.8 2.42 50.07 1.5
Aik Pipes And Polymers Ltd 6.69 6.69 34.46 15.7 15.56 3.38
Kriti Industries (India) Ltd. 4.32 4.32 30.32 36.44 13.99 4.43

Summary Analysis:

This table compares Malpani Pipes and Fittings Limited with its listed peers, Aik Pipes and Polymers Ltd and Kriti Industries (India) Ltd., on key financial metrics. Here’s a breakup:

  • EPS (Basic & Diluted): EPS indicates higher profitability on a per-share basis as Malpani Pipes significantly outperforms its peers in both basic and diluted earnings per share.
  • NAV per share: Malpani Pipes has the highest net asset value per share, indicating a high asset base compared to the share price.
  • P/E Ratio: Malpani Pipes has an extremely low pre-IPO P/E ratio of 2.42 compared to its peers at 15.7 and 36.44. This could be a sign that the company is somehow undervalued by the market or that some other reason is driving down share prices. The exact cause needs a follow-up investigation to understand this low P/E in comparison.
  • RoNW (%): Malpani Pipes has a much higher Return on Net Worth (50.07%) compared to its peers (15.56% and 13.99%). This means that the company is far more efficient in generating profits from shareholders’ investments.
  • P/BV Ratio: Malpani Pipes has the lowest Price-to-Book Value ratio (1.5) among the three. This may indicate that the market is undervaluing the company’s assets compared to its peers.

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Malpani Pipes IPO Risk Factors

Investors need to assess the risks with respect to Malpani Pipes IPO:

  • High debt levels: The debt-to-equity ratio is 2.04, which may stress profitability.
  • Sector Dependency: Its performance heavily depends on growth in agriculture and infrastructure.
  • Competitive Market: The plastic pipes industry may have a competitive market, which will affect its market position.
  • Raw Material Volatility: Price volatilities of raw materials might squeeze profit margins.

These factors reflect some potential challenges of maintaining such growth and profitability in a competitive sector-dependent market.

Malpani Pipes IPO Details: Contact Information

  • Registered Office Address: 65-A, Sector B Industrial Area, Ratlam-457001, Madhya Pradesh, India
  • Contact Person: Hariom Patidar (Company Secretary and Compliance Officer)
  • Email: pipes@malpanipipes.com
  • Telephone: 07412-260707
  • Website: www.malpanipipes.com

Download the SMC ACE App or visit the SMC Telegram channel for insights on the Malpani Pipes IPO and expert recommendations. For a seamless application experience, open a demat account with SMC Global Securities today.

Frequently Asked Questions – FAQs

What will be the lot size in the Malpani Pipes IPO?

The lot size will be 1,600 shares with a minimum investment of ₹1,44,000.

When will Malpani Pipes IPO shares get listed?

The shares are likely to be listed on February 5, 2025.

What is the price band for Malpani Pipes IPO?

The price band has been set at ₹85 to ₹90 per equity share.

Reference:
https://www.bsesme.com/PublicIssues/RHP.aspx

Author: All Content is verified by SMC Global Securities.

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