Shree Marutinandan Tubes is engaged in the business of trading Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Their products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial, etc.
They have independent sales and distribution networks for their products. A substantial majority of their steel pipes are sold to wholesalers and distributors in the domestic markets. They procure Steel Pipes from the best manufacturers of steel pipes at the domestic level and they believe that they have good business associations with suppliers. They have a procurement policy and generally purchase in large volumes to stock and facilitate on-time delivery of products to their end customers. They believe that by purchasing in large volumes, they can purchase inventory at lower prices than their competitors, which enables them to sell their products at competitive prices.
This Company is a well-established Company that has made a significant mark in the trading of steel tubes and pipes. However, from FY 2023, they have taken a strategic step of forward integration to expand their business horizons and diversify our offerings. To achieve this, they have decided to accord with their group company, Shree Kamdhenu Machinery Private Limited, for the contract manufacturing of agricultural equipment. This move enables us to provide a broader range of products to their clients, catering to the growing demand for agricultural machinery and equipment in the market.
Objects of the Issue:
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses.
Shree Marutinandan Tubes IPO Review
- To be updated soon
Shree Marutinandan Tubes IPO Date & Price Band Details
| IPO Open: | January 12, 2024 |
| IPO Close: | January 16, 2024 |
| IPO Size: | Approx ₹14.30 Crores, 1,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹143 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Shree Marutinandan Tubes IPO Market Lot
The Shree Marutinandan Tubes IPO minimum market lot is 1000 shares with a ₹143,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹143,000 |
| Retail Maximum | 1 | 1000 | ₹143,000 |
| S-HNI Minimum | 2 | 2000 | ₹286,000 |
Shree Marutinandan Tubes IPO Dates
The Shree Marutinandan Tubes IPO date is January 12 and the IPO close date is January 16. The IPO allotment date is January 17 and the IPO might list on January 19.
| IPO Open Date: | January 12, 2024 |
| IPO Close Date: | January 16, 2024 |
| Basis of Allotment: | January 17, 2024 |
| Refunds: | January 18, 2024 |
| Credit to Demat Account: | January 18, 2024 |
| IPO Listing Date: | January 19, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Shree Marutinandan Tubes IPO Form
How to apply Shree Marutinandan Tubes IPO? You can apply Shree Marutinandan Tubes IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shree Marutinandan Tubes IPO in the Invest section. The other option you can apply Shree Marutinandan Tubes IPO via IPO forms download via the BSE website. Check out the Shree Marutinandan Tubes forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Shree Marutinandan Tubes Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹35.97 | ₹35.75 | ₹0.13 |
| 2022 | ₹47.18 | ₹47.05 | ₹0.06 |
| 2023 | ₹47.23 | ₹44.49 | ₹2.02 |
| 2024 6M | ₹42.85 | ₹40.94 | ₹1.42 |
Shree Marutinandan Tubes IPO Valuation – FY2023
Check Shree Marutinandan Tubes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹98.42 per Equity Share |
| Price/Earning P/E Ratio: | 1.45 |
| Return on Net Worth (RoNW): | 75.36% |
| Net Asset Value (NAV): | ₹130.60 per Equity Share |
Peer Group
- Swastik Tubes Limited
- Hi Tech Pipes Limited
- APL Apollo Tubes Limited
Company Promoters
- Mr. Vikram Shivratan Sharma
- Mr. Bharat Shivratan Sharma
- Mrs. Kusumlata Shivratan Sharma
Shree Marutinandan Tubes IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Shree Marutinandan Tubes IPO Allotment Status
Check Shree Marutinandan Tubes IPO allotment status on Bigshare website URL. Click Here
Shree Marutinandan Tubes IPO Lead Managers aka Merchant Bankers
- Swastika Investment Limited
Company Address
Shree Marutinandan Tubes Limited
A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal,
Ahmedabad – 380058
Phone: +91 079-29795873
Email: [email protected]
Website: https://www.shreemarutitubes.com/index.php
