Shree Marutinandan Tubes Limited IPO Detail
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.
The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
Company Promoters
Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma are the company promoters.IPO Details
| IPO Opening Date | Jan 12, 2024 |
| IPO Closing Date | Jan 16, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹143 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹14.30 Cr |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹14.30 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 3.67x | 6.69x | 5.18x | |
| Day 2 | - | - | 9.71x | 30.32x | 20.02x | |
| Day 3 | - | - | 32.67x | 59.71x | 47.16x |
IPO Tentative Timetable
The Shree Marutinandan Tubes Limited IPO open date is Jan 12, 2024, and the close date is Jan 16, 2024. The issue may list on Jan 19, 2024.
| IPO Open Date | Jan 12, 2024 |
| IPO Close Date | Jan 16, 2024 |
| Basis of Allotment Date | Jan 17, 2024 |
| Initiation of Refunds | Jan 18, 2024 |
| Credit of Shares to Demat Account | Jan 18, 2024 |
| IPO Listing Date | Jan 19, 2024 |
IPO Lot Size
The Shree Marutinandan Tubes Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹143000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹143000 |
| Maximum | 1 | 1000 | ₹143000 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.00% |
| Post Issue Share Holding | 58.30% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-23 | 2234.29 | 4284.64 | 141.99 |
| 31-Mar-23 | 1617.60 | 4722.58 | 201.76 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses.
Shree Marutinandan Tubes Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shree Marutinandan Tubes Limited IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Shree Marutinandan Tubes Limited
A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal
Ahmedabad
Gujarat
