Malpani Pipes IPO subscription started on Wednesday, January 29, 2025, and will close on January 31, 2025, as per the schedule. The price band is set at ā¹85 to ā¹90 per share with a face value of ā¹10 each.
Malpani Pipes IPO Subscription Status
Malpani Pipes IPO Subscribed over 146.93x on its Last day till 05.00 PM on 31st January 2025.Ā
- Malpani Pipes IPO subscription QIB investors portion is 58.49x times, while NII subscribed 343.13x times and RII investors subscribed 113.35x times.
- The company has received bids for 28,42,16,000 shares against 19,34,400 shares on offer on the Last day.
- Malpani Pipes IPO Subscribed over 33.76x on day 2.
- Malpani Pipes IPO Subscribed over 7.91x on day 1.
About Malpani Pipes IPOĀ
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 organized in 2017 and became reputed in the market. Moreover, it has a vision to be a global leader and maintain sustainability and innovation regarding its products.Ā As they consider their employees to be the most valuable things they have for business it gives them more progress. According to sources, this firm has 141.11 Cr in revenue in FY 2024. Further, it follows top industry standards to ensure its products are durable and perform well in important sectors like agriculture, infrastructure, and telecom, as well as to provide optimal efficiency and cost-effectiveness in operations.
Malpani Pipes IPO Company Financial Report
The company reported revenue of ā¹141.16 crores in 2024 against ā¹82.57 crores in 2023. The company reported a profit of ā¹7.40 crores in 2024 against a Profit of ā¹2.08 crores in 2023.
Malpani Pipes IPO GMP:
Malpani Pipes IPO GMP was ā¹12 as of Friday, 31st January 2025. That indicates the IPO is trading at ā¹102 with ā¹12 premium in the grey market against the issue price of ā¹90.
