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 ₹85 to ₹90 per share with a face value of ₹10 each.
Malpani Pipes IPO Subscription Status
Malpani Pipes IPO Subscribed over 33.76x on its second day till 05.00 PM on 30th January 2025.
- Malpani Pipes IPO subscription QIB investors portion is 0.88x times, while NII subscribed 39.76x times and RII investors subscribed 50.29x times.
- The company has received bids for 6,53,05,600 shares against 19,34,400 shares on offer on the second day.
- Malpani Pipes IPO Subscribed over 33.76x on day 2.
- Malpani Pipes IPO Subscribed over 7.91x on day 1.
About Malpani Pipes IPO
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. 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 ₹141.16 crores in 2024 against ₹82.57 crores in 2023. The company reported a profit of ₹7.40 crores in 2024 against a Profit of ₹2.08 crores in 2023.
Malpani Pipes IPO GMP:
Malpani Pipes IPO GMP was ₹12 as of Thursday, 30th January 2025. That indicates the IPO is trading at ₹102 with ₹12 premium in the grey market against the issue price of ₹90.
