Malpani Pipes IPO subscribed 146.93 times on the last day, while A retail quota was subscribed 113.35 times, QIB subscribed 58.49 times, and NII quota subscribed 343.13 times respectively.
Details About Malpani Pipes IPO
Malpani Pipes got approval from SEBI for an IPO of ₹25.92 crores to raise funds and maintain financial stability. The face value of each share was Rs 10 each. Moreover, the company has set up a price band between ₹85 to ₹90 per share. In this IPO a total of 1600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1600 shares in 1 lot size, while S-HNI (Min) total of 3200 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,44,000 and maximum investment of ₹1,44,000.
- Small HNI (S-HNI): Minimum investment of ₹2,88,000.
Subscription duration of Malpani Pipes IPO
The opening date for the Malpani Pipes IPO subscription was January 29, 2025, whereas the closing date of the Malpani Pipes IPO was January 31, 2025. The listing date of this IPO is scheduled for February 5, 2025, while the allotment of Malpani Pipes has been completed on February 3, 2025.
Funds Deployment of This Company
Following are the purposes the company is planning to use the funds raised by launching an IPO as follows:
- The company will use the proceeds for the Capital Expenditure for the purchase of machinery.
- The object behind launching this IPO is for the Repayment of Debt from the old borrowings.
- The remaining proceeds will go for the company’s General Corporate Purpose.
- At last, the raised funds will help to meet public Issue Expenses.
About Malpani Pipes IPO
Founded in 2003, Malpani Pipes India Limited is one of the leading companies involved in the manufacturing business of providing high-grade plastic pipes. The company’s portfolio consists of a comprehensive range of products such as a manufacturing plant based in Ratlam, Madhya Pradesh, and manufactures a range of high-grade plastic pipes. Our products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes. The company manufactures pines for irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations. Ratlam, Madhya Pradesh are the various areas where their manufacturing plants are located. Moreover, Malpani Pipes was acknowledged for being one of the top 10 Irrigation Equipment Manufacturers in 2024. The company is comprised of 51 full-time employees and 30 contract-based employees as of December 31, 2024.
Financial Background of Malpani Pipes IPO
In FY2024, Malpani Pipes generated a revenue of ₹141.16 crores compared to ₹82.57 crore in 2023. Whereas in FY24, the company reported a profit of ₹7.40 crores compared to a profit of ₹2.08 crores in 2023.