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Malpani Pipes & Fittings IPO

₹1,36,000/1600 shares

Minimum Investment

IPO Details

Open Date

29 Jan 25

Close Date

31 Jan 25

Minimum Investment

1,36,000

Lot Size

1600

Price Range

85 to ₹90

Listing Exchange

BSE

Issue Size

25.92 Cr

Listing Date

05 Feb 25

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Malpani Pipes & Fittings IPO Timeline

Bidding Start

29 Jan 25

Bidding Ends

31 Jan 25

Allotment Finalisation

03 Feb 25

Refund Initiation

04 Feb 25

Demat Transfer

04 Feb 25

Listing

05 Feb 25

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About Malpani Pipes and Fittings Limited IPO

Malpani Pipes & Fittings Limited, based in Ratlam, Madhya Pradesh, is an ISO 9001:2015 certified manufacturer specializing in high-quality plastic pipes, including HDPE, MDPE, and LLDPE pipes, marketed under the Malpani brand. The company also trades in PVC pipes and granules. With a manufacturing facility equipped with advanced machinery, Malpani has expanded its product range and distribution network. It serves sectors like irrigation, water supply, and infrastructure, offering products for government projects and welfare policies for farmers. The company was recognised as one of the “Top 10 Irrigation Equipment Manufacturers – 2024.

IPO Strengths

  • A pan-India network for product distribution and a strong base of wholesalers and retailers.
  • Manufacturing facility in Ratlam, Madhya Pradesh, strategically placed for efficient distribution across key markets.
  • Warehouses in cities like Ratlam, Bhiwandi, and Amravati, ensuring timely deliveries and inventory management.
  • A broad range of products including HDPE, MDPE pipes, and irrigation systems catering to multiple sectors.
  • ISO 9001:2015 certified facility and rigorous in-house testing to ensure high product standards.
  • Led by skilled professionals with expertise in manufacturing, distribution, and financial management.

Malpani Pipes and Fittings IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 6134.72 3893.90 2130.01
Revenue 14,096.18 8245.09 3490.58
Profit After Tax 739.72 208.04 89.06
Reserves and Surplus 1241.97 390.48 183.30
Total Borrowings 3028.87 1959.26 897.61

Malpani Pipes and Fittings Limited Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 28,80,000 shares (aggregation to ₹25.92 Cr)

Offer for Sale: NA

Price Range ₹85 to ₹90 per share
Lot Size 1,600 Shares
Face Value ₹10 per share
Listing Exchange SME, BSE
Pre-IPO Shareholding 78,97,500 shares
Post-IPO Shareholding 1,07,77,500 shares
Market Marker 1,45,600 shares (MNM Stock Broking Private Limited)

Malpani Pipes and Fittings IPO Important Dates

IPO Activity Date
IPO Open Date 29 January 2025
IPO Close Date 31 January 2025
Basis of Allotment 3 February 2025
Refunds Initiation 4 February 2025
Credit of Shares to Demat 4 February 2025
Listing Date 5 February 2025

Malpani Pipes and Fittings IPO Lots

Application Lots Shares Amount
Retail (Min) 1 1600 ₹1,44,000
Retail (Max) 1 1600 ₹1,44,000
HNI (Min) 2 3,200 ₹2,88,000

Malpani Pipes and Fittings IPO Lead Managers

Lead Managers
Interactive Financial Services Limited

Malpani Pipes and Fittings Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 37.17
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 50.07%
Net Asset Value (NAV) 60.80
Return on Equity 71.52%
Return on Capital Employed (ROCE) 21.74%
EBITDA Margin 9.41%
PAT Margin 5.25%
Debt to Equity Ratio 2.04

Malpani Pipes IPO Peer Group Comparison

Company Name EPS (₹) PE Ratio RONW (%) NAV (₹) Revenue (₹ in Lakhs)
Malpani Pipes and Fittings Limited 37.17 [●] 50.07% 60.80 14,096.18
Peer Group
Aik Pipes and Polymers Limited 6.65 21.14 15.56% 34.46 3727.25
Kriti Industries (India) Ltd 4.32 50.13 13.99% 30.32 86,662.61

Objectives of the Proceeds

  • Capital expenditure for plant and machinery, ₹350 lakhs
  • Repayment of debt, ₹1700 lakhs
  • Meet general corporate expenses

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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