Malpani Pipes And Fittings Limited
Bookbuilding IPO · BSE
- Price band
- ₹85 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹25.92 cr
- Total subscription
- 147.23×
- Opens
- 29 Jan 2025
- Closes
- 31 Jan 2025
- Allotment
- 1 Feb 2025
- Listing
- 4 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 28,80,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹25.92 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 78,97,500
- Shares after issue
- 1,07,77,500
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,44,000 |
| HNI | 2 | 3,200 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.03 | 0.1 |
| RETAIL | 8.64 | 19.99 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 9.68 | 37.17 | 10.78 |
| ROE | 29.27 | 71.52 | 43.35 |
| ROCE | 11.17 | 21.74 | 12.78 |
| RONW | 25.81 | 50.07 | 35.65 |
| PRE IPO(PE) | 0 | 2.42 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Malpani Pipes and Fittings Limited, established in 2017, is a manufacturer of high-quality plastic pipes under the brand "Volstar." The company also trades in granules and PVC pipes. Its product range includes HDPE, MDPE, and LLDPE pipes, used for irrigation, water supply, sewerage, drainage, and infrastructure projects. Based in Ratlam, Madhya Pradesh, the company operates a manufacturing plant with 10 production lines and an in-house testing facility, with an annual capacity of 11,500 M.T.P.A. It supplies products through wholesalers, retailers, government projects, and farmer welfare schemes. As of December 31, 2024, the company had 51 full-time employees and 30 contract workers.
Strengths
- Wide Reach: and the company serves wholesalers, retailers, government projects, and farmers, giving it a strong and diverse market presence.
- Quality Manufacturing: and the Ratlam facility uses advanced machinery with in-house testing to ensure consistent, high-quality products.
- Varied Product Range: and the company offers HDPE, MDPE, LLDPE, and drip irrigation pipes, meeting requirements for irrigation, water supply, sewage, and infrastructure projects.
Risk factors
- Relying on One Manufacturing Facility: and any shutdown or disruption at this single plant could directly impact operations and financial performance.
- Delays in Buying Equipment: and late delivery of machinery or required equipment for expansion may lead to extra costs and time, slowing overall growth plans.
- Dependence on a Few Big Customers: and since a major portion of revenue comes from the top ten customers, losing even one could significantly affect the company’s financial stability.
Promoters
Rohit Malpani
Harsh Malpani
Mohit Malpani
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
65-A, Sector B Industrial Area, Ratlam 457001
07412260707
[email protected]Company website ↗Understanding MALPANI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.