Shree Marutinandan Tubes IPO Date, Review, Price, Allotment Details

Shree Marutinandan Tubes has confirmed their initial public offering (IPO). Their IPO date will open January 12, 2024 and close January 16, 2024 – an exciting development as this IPO seeks to raise Rs14.30 crores via BSE SME listings; with prices set between Rs143 and Rs148 per share with 1,000 shares being available per market lot lot lot size for bids on this BSE SME listing

Shree Marutinandan Tubes IPO

About Shree Marutinandan Tubes:

  • Company that specialises in trading various kinds of steel pipes and tubes.
  • Established as part of “Shree Maruti” group in 1993.
  • Deals in products including Galvanized Tubes, Electrical Resistance Welded Mild Steel (ERW MS) Pipes, Black Pipes and Solar Structural Pipes.
  • Caters to various industries including Agriculture, Oil & Gas, Solar Energy, Healthcare, Housing Irrigation Engineering & Infrastructure.
  • Recently held its initial public offering (IPO) on the BSE SME platform in January 2024.

Primary Products:

  • Galvanized Tubes: Our galvanized tubes come in various diameters and thicknesses for multiple uses including fencing, scaffolding, furniture assembly and industrial structures.
  • ERW MS Pipes: Round, square and rectangular hollow sections used in construction, plumbing and mechanical applications.
  • Black Pipes: Black pipes offer cost-effective water and gas pipeline systems as well as structural applications.
  • Solar Structural Pipes: High-grade pipes specifically tailored for use in building solar power plants.

Additional Services:

  • Offering value-added services such as cutting, threading and bending in order to meet specific project requirements.
  • Logistics and transport support to ensure timely deliveries across India.
  • Technical expertise and guidance to customers for selecting the most appropriate pipes and tubes according to their individual needs is provided by specialists in selecting pipes and tubes from leading brands.

Key Aspects:

  • Its Concentrated attention paid to quality and customer satisfaction is of primary concern.
  • Large selection of products designed to address different requirements.
  • Experienced management team.
  • India Steel Pipe Market.

Recent IPO:

  • At 1.72 times subscription, this recent initial public offering saw strong investor enthusiasm.
  • With an issue price set at Rs 143 per share.
  • Currenty the shares are traded on BSE SME platform under code name of SMT03

Offer details and objectives:

  1. How To Meet Expanding Working Capital Needs
  2. General Corporate Purpose
  3. To cover Public Issue Expenses.

Shree Marutinandan Tubes IPO Dates & Band Price 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

 IPO Market Lot :

DetailInformation
Issue TypeFixed Price Issue
Issue SizeRs. 14.30 Crores
Issue PeriodJanuary 12, 2024 – January 16, 2024
Listing PlatformBSE SME
Share PriceRs. 143 per share
Market Lot Size1,000 Shares
Minimum Investment AmountRs. 143,000
Reservation for Retail Investors50% of the Issue Size

Additional Information:

  • This IPO represents an entirely fresh issue of 10 lakh shares
  • Allotment is expected to close on January 17, 2024,
  • Tentative listing date of January 19, 2024.

Shree Marutinandan Tubes IPO Important Dates:

The IOP opening date is 12 January and closing date is 16 January. further are mentioned in below:

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

Shree Marutinandan Tubes Financial data(available on the internet):

Financial AspectFY22FY23Change
Revenue (Cr.)30.7030.76Minimal increase
Profit After Tax (Cr.)0.3012.87Significant rise
Net Profit Margin (%)0.14.2Improved profitability
EPS (Rs.)0.3012.87Substantial increas

Key Highlights:


Profit After Tax and Earnings Per Share have increased significantly year over year from FY22 to FY23, reflecting increased profitability. Net Profit Margin also showed significant improvement, suggesting greater operational efficiencies.
Revenue remains relatively flat, suggesting a potential focus on profitability over growth in the short-term.

Peer Group of companies

  • 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

Company details:

AttributeDetails
RegistrarBigshare Services Pvt Ltd
Registrar ContactPhone: +91-22-6263 8200, Email: [email protected], Website: Bigshare IPO Status
Allotment StatusCheck on Bigshare Website
Lead Managers (Merchant Bankers)Hem Securities Limited
Company AddressShree Marutinandan Tubes Limited, A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad – 380058
Contact (Company)Phone: +91 079-29795873, Email: [email protected], Website: Shree Marutinandan Tubes
SpecializationTrading Galvanized and ERW MS Pipes, Black Pipes, Solar Structural Pipes
Product Specifications15NB to 1000NB
Industries ServedAgriculture, Oil, Public Health, Housing, Irrigation Engineering, Industrial
Sales and DistributionIndependent Networks, Wholesalers, Distributors
Procurement PolicyBulk Purchases from Reliable Domestic Producers
Diversification (Since FY 2023)Contract Manufacturing of Agricultural Equipment with Shree Kamdhenu Machinery Private Limited

Disclaimer: 

This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

FAQs:

What is Shree Marutinandan Tubes IPO Investors Portion?

Investors’ ownership for National Income Investment is 50%; retail is also evenly split.

When Shree Marutinandan Tubes IPO will open?

NII and Retail Investors will have access to this IPO beginning January 12, 2024.

What is Shree Marutinandan Tubes IPO?

Shree Marutinandan Tubes’ BSE Small and Midcap Enterprise IPO will raise Rs14.30 Crore through an issue priced at Rs143 per share and listed on BSE.

What is Shree Marutinandan Tubes IPO Size?

Shree Marutinandan Tubes’ initial public offering (IPO) size stands at Rs14.30 crores.

What is Shree Marutinandan Tubes IPO Price Band?

Shree Marutinandan Tubes’ initial public offering price band of Rs143 per equity share.

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