Malpani Pipes And Fittings Limited plans a fresh issue of up to 30,00,000 equity shares with a face value of Rs.10 per share. The company intends to raise funds for purchasing new machinery, repaying or pre-paying outstanding debt, and general corporate purposes.
Malpani Pipes IPO – Important Dates
Malpani Pipes IPO Date | January 29, 2025, to January 31, 2025 |
Malpani Pipes IPO Listing Date | February 5, 2025 |
Malpani Pipes IPO Price | ₹85 to ₹90 per share |
Malpani Pipes IPO Lot Size | 1,600 Shares |
Malpani Pipes IPO Total Issue Size | Upto 30,00,000 shares |
Malpani Pipes IPO Basis of Allotment | February 3, 2025 |
Malpani Pipes IPO Initiation of Refunds | February 4, 2025 |
Malpani Pipes IPO Credit of Shares to Demat | February 4, 2025 |
Malpani Pipes IPO Issue Type | Book Built Issue IPO |
Malpani Pipes IPO Listing At | BSE SME |
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Malpani Pipes And Fittings Limited IPO – Company Profile
Malpani Pipes and Fittings Limited is famous for providing comprehensive pipes like HDPE Pipes, MDPE Pipes, Sprinkler Pipes, Drip Irrigation Pipes, PE Lateral Pipes, PE Sewerage Pipes, and PE Gas Pipes.
This was organised in 2017 and became reputed in the market. The company is also involved in trading granules and PVC pipes and providing services related to these products. Moreover, the company has a vision to be a global leader and maintain sustainability and innovation regarding its products.
Malpani Pipes & Fittings Ltd IPO Fundamental Analysis
Malpani Pipes & Fittings Limited’s financial analysis reveals a strong performance. Revenue has increased significantly, with increased profitability, EPS, RoNW, and liquidity highlighting challenges despite asset growth, rising equity, and improved inventory turnover, indicating potential operational efficiency.
- Revenue Trend: The revenue increased from ₹8,245.90 lakhs in March 2023 to ₹14,096.18 lakhs in March 2024, indicating a strong increase in the company’s revenue.
- Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating lower reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹208.03 lakhs in March 2023 to ₹739.72 lakhs by March 2024. This increase in profitability indicates strong growth, attracting investors.
- Earnings per Share (EPS): The diluted EPS has increased to ₹37.17 in March 2023 from ₹10.78 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has decreased from 50.05% to 35.65%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. The current ratio has increased, indicating strong liquidity and fewer challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a decrease in the Inventory Turnover Ratio, which might suggest slower sales or efficient inventory management.
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Malpani Pipes IPO Financial Analysis
Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
Revenue (₹ in lakhs) | 3,490.58 | 8,245.09 | 14,096.18 |
Equity (₹ in lakhs) | 193.00 | 193.00 | 243.00 |
Expenses (₹ in lakhs) | 3,375.05 | 7,979.94 | 13,113.84 |
Profit and Loss After Tax (₹ in lakhs) | 89.07 | 208.04 | 739.72 |
Diluted EPS only (₹) | 4.61 | 10.78 | 37.17 |
Return on Net Worth (%) | 23.67 | 35.65 | 50.07 |
NAV per Equity Share (₹) | 19.50 | 30.23 | 60.80 |
Total Assets (in lakhs) | 2,130.01 | 3,893.90 | 6,134.72 |
Debt-Equity Ratio | 2.39 | 3.36 | 2.04 |
Current Ratio (in times) | 1.20 | 1.22 | 1.31 |
Inventory Turnover Ratio | 8.28 | 6.68 | 5.31 |
Malpani Pipes And Fittings Limited IPO Peer Comparison
Malpani Pipes And Fittings Limited shows strong performance with a high RoNW and a high EPS compared to its peers. Kriti Industries(India) Ltd excels in revenue, whereas Aik Pipes and Polymers Limited shows steady returns compared to the other businesses in the segment.
Company | Revenue (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV (₹ per share) |
Malpani Pipes andFittings Limited | 14,096.18 | 10.00 | – | 37.17 | 50.07 | 60.80 |
Aik Pipes andPolymers Limited | 3,727.25 | 10.00 | 21.14 | 6.69 | 15.56 | 34.46 |
Kriti Industries(India) Ltd | 86,662.61 | 1.00 | 50.13 | 4.32 | 13.99 | 30.32 |
Malpani Pipes & Fittings Ltd IPO Objective
The main objectives of Malpani Pipes & Fittings Ltd IPO include utilising the net proceeds for purchasing new machinery, repaying or pre-paying outstanding debt, and general corporate purposes.
1) Funding capital expenditure requirements for the purchase of equipment/machinery: The company intends to purchase new machinery worth Rs 350 lakhs from the Net Proceeds.
2) Repayment of Debt: As of March 31, 2024, the amount outstanding under the secured loan facilities was ₹2491.87 lakhs. The company proposes to utilise an estimated amount of 1700.00 lakhs from the Net Proceeds towards re-payment or pre-payment of borrowings availed by them in full or in part.
3) General corporate purposes: The company will have flexibility in applying the balance of Net Proceeds towards general corporate purposes, including but not restricted to financing working capital requirements, capital expenditure, acquiring business premises, meeting exigencies, etc, or any other purpose as may be approved by their Board.
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Malpani Pipes IPO Risks And Challenges
Malpani Pipes IPO risks include dependence on manufacturing facilities, capital expenditure delays, supplier and customer concentration, and ongoing litigations, as they could adversely affect the business performance.
- Their business depends on manufacturing facilities and the shutdown of operations of the manufacturing facility for any reason could adversely affect the business and results of operations.
- The company has not yet placed orders in relation to the capital expenditure to purchase any equipment/machinery. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machinery in a timely manner, or at all, the same may result in time and cost overruns.
- The company mainly depends on its top 10 suppliers and top 10 customers. Any loss of business with one or more of them may adversely affect their business operations and profitability.
- There are outstanding litigations involving the company which, if determined against them, could adversely impact financial conditions.
Malpani Pipes & Fittings Ltd IPO – Industry & Market Potential
The Indian plastic industry is one of the leading sectors in the country’s economy. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90%belong to small and medium enterprises.
The Government of India intends to take the plastic industry from a current level of Rs. 3 lakh
crores (US$ 37.8 billion) of economic activity to Rs. 10 lakh crores (US$ 126 billion) in 4-5 years. In FY24 (Until February 2024), India’s plastic exports stood at US$ 10.43 billion.
10 Plastic Parks have been approved in the country by The Department of Chemicals and Petrochemicals. Among these, six plastic parks have received the final approval. These parks are intended to boost employment and attain environmentally sustainable growth.
Malpani Pipes And Fittings Limited IPO – Type of Offer
Malpani Pipes And Fittings Limited plans a fresh issue of up to 30,00,000 equity shares with a face value of Rs.10 per share for purchasing new machinery, repaying or pre-paying outstanding debt, and general corporate purposes.
- Fresh Issue: The company will issue up to 30,00,000 new shares of face value of Rs.10 per share to raise capital. The company intends to utilise the proceeds from the fresh issue for purchasing new machinery, repaying or pre-paying outstanding debt, and general corporate purposes.
Malpani Pipes & Fittings IPO Offer Size
The offer size of Malpani Pipes & Fittings Limited consists of a fresh issue of 30,00,000 shares with a face value of Rs.10 per share. The company aims to purchase new machinery, repay or pre-pay outstanding debt, and for general corporate purposes.
Malpani Pipes And Fittings Limited IPO Allotment Structure
Malpani Pipes And Fittings Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
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How to apply for the Malpani Pipes & Fittings IPO?
To apply for the Malpani Pipes & Fittings IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Malpani Pipes & Fittings Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Malpani Pipes & Fittings IPO Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Malpani Pipes IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Malpani Pipes And Fittings Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Malpani Pipes And Fittings Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Malpani Pipes And Fittings Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Malpani Pipes & Fittings Ltd IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Malpani Pipes & Fittings Ltd IPO Offer Registrar
The registrar for the Malpani Pipes & Fittings Ltd IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri (East),
Mumbai – 40009
Tel No.:022-62638200
E-Mail: [email protected]
Website: www.bigshareonline.com
Malpani Pipes & Fittings IPO – FAQs
The allotment date of the Malpani Pipes IPO is February 3, 2025.
The price band of the Malpani Pipes IPO is ₹85 to ₹90 per share.
The size of the Malpani Pipes IPO is up to 30,00,000 equity shares.
The listing date of the Malpani Pipes IPO is February 5, 2025.
The Malpani Pipes IPO is getting listed on the Bombay Stock Exchange(BSE).
The open and close dates of the Malpani Pipes and Fittings Limited IPO are January 29, 2025, to January 31, 2025.
To apply for the Malpani Pipes & Fittings IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
The Book Runner for the Malpani Pipes IPO is Interactive Financial Services Limited.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.