Shree Marutinandan Tubes SME IPO: GMP, Price and Financial Performance

Marutinandan Tubes IPO, which aims to raise ₹14.30 crores, began subscriptions on January 12, 2024, and closes on January 16, 2024. The IPO offers a price band of ₹89 per share with a 50% allocation for both retail and NII investors.
Shree Marutinandan Tubes IPO: Price, Financials & Listing Date

Shree Marutinandan Tubes Limited operates in the trading sector, specifically dealing in Galvanized Pipe and Electric Resistance Welding Mild Steel (ERW MS) Pipes. These pipes come in different specifications and sizes, ranging from 15 NB to 1000 NB. 

The funds from the issue will be utilized for covering operational capital needs, covering expenses related to the public offering, and for general corporate uses.

Shree Marutinandan Tubes IPO GMP

On January 10, the Grey Market Premium (GMP) experienced a significant increase, rising to Rs 32, which represents a 22.3 percent increase over the issue price of Rs 143. This surge in GMP suggests that the anticipated listing price is expected to be around Rs 175. 

The grey market serves as an unofficial trading platform where shares are bought and sold well before the official allotment and listing day. Investors commonly monitor the fluctuating Grey Market Premium (GMP) as it provides them with an indication of the expected listing price.

Shree Marutinandan Tubes IPO – Promoters Details

The individuals known as Vikram Shivratan Sharma, Bharat Shivratan Sharma, and Kusumlata Shivratan Sharma are the individuals who promote or support something.

Shree Marutinandan Tubes IPO – Price Band 

The share price has been set at Rs 143 per share.

Shree Marutinandan Tubes IPO – Timeline

The IPO of Shree Marutinandan Tubes is expected to be listed on the BSE SME on January 19th.

Shree Marutinandan Tubes IPO – Financial performance

In the fiscal year ending in September 2023, the company recorded a revenue of Rs 42.77 crore, with a net profit of Rs 1.42 crore. According to official documents, in the year 2022, the company achieved a revenue of Rs 47 crore and reported a profit of Rs 2 crore.

Shree Marutinandan Tubes Limited

Shree Marutinandan Tubes Limited company trades in Black Pipes and Solar Structural Pipes. These products find extensive use across a diverse range of industries, including Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructure, and Industrial applications.

How to apply for the Shree Marutinandan Tubes IPO?

To apply for the Shree Marutinandan Tubes IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Shree Marutinandan Tubes on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application easily.

After the allotment process, check your allotment status to verify share allocation. Applying for the Shree Marutinandan Tubes  IPO with Alice Blue is quick and straightforward!

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