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Shree Marutinandan Tubes IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

Shree Marutinandan Tubes IPO

Shree Marutinandan Tubes IPO will open for subscription on January 12 and close on January 16, it is a fresh issue of Rs. 14.30 crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on January 19, 2024. 

#1. Quick Intro of Shree Marutinandan Tubes 

Shree Marutinandan Tubes Limited (2013) trades galvanized pipes, electric resistance welding mild steel pipes, black pipes, and solar structural pipes in various sizes and specifications. The company indecently sells and distributes its products, mainly steel products sold domestic market. Through their group company, the company started manufacturing agriculture equipment.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Shree Marutinandan Tubes 

The company intends to use the IPO Funds for the following purposes: 

  1. To Meet Incremental Working Capital Requirements.
  2. General Corporate Purposes.
  3. To Meet Public Issue Expenses.

#3. Shree Marutinandan Tubes Core Strengths 

  1. Experienced Promoter and Management Team
  2. Quality Products
  3. Diversified products range
  4. Location Advantage 
  5. Establish sales and distribution network 

#4. Shree Marutinandan Tubes IPO Review & Rating

Issue Size  Rs 14.30 Crore
Issue Price  Rs.143 per share 
Minimum Lot Size 1000 Shares
Total Profit (March 2023)  Rs.201.76 Lakhs
ROE 120.91%
ROCE 78.52%
Listing on BSE SME
IPO Deliver Rating Two

 

#5. Shree Marutinandan Tubes IPO Dates, Price Band & Details

Shree Marutinandan Tubes IPO will open on January 12, 2024, and close on January 16, 2024. The IPO is to be listed on January 19, 2024.  

Type of issue Fixed Price Issue IPO
Issue Size Rs.14.30 Crore
Issue Price Rs.143 Per Share
Face Value Rs. 10/- per share
IPO Open Date January 12, 2024
IPO Close Date January 16, 2024
IPO Allotment Date January 17, 2024
Refund Date January 18, 2024
Share Credit Date January 18, 2024
Listing Date January 19, 2024

 

#6. Shree Marutinandan Tubes IPO Offer Details

Shree Marutinandan Tubes IPO’s total issue size is 1,000,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue             1,000,000 14.30
Offer for Sale (OFS)

 

#7. Shree Marutinandan Tubes Financials Overview (in Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 4,722.58 4,718.49 3,597.28
Net Worth 267.74 65.98 59.98
Profit 201.76 6.01 13.30
Total Borrowings 716.90 688.89 795.31

 

#8. Shree Marutinandan Tubes Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 98.42 2.93 6.49
RoNW (%) 75.36 9.11 22.17
NAV (Rs.) 130.61

 

#9. Shree Marutinandan Tubes Comparison with Other Peer Companies

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in Lakhs))

RoNW (%) EPS (Rs.)
Swastik Tubes  4.40 4.53
Hi-Tech Pipes 7.87 2.35

 

#10. Shree Marutinandan Tubes Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Vikram Shivratan Sharma
02. Bharat Shivratan Sharma
03. Kusumlata Shivratan Sharma

 

#11. Shree Marutinandan Tubes IPO Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  82
Post-issue 58.30

 

#12. Shree Marutinandan Tubes IPO Reservation Details

Shree Marutinandan Tubes IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Individual Investor (RII) Not more than 50% of the issue size
Other Shares Offered Not more than 50% of issue size

 

#13. Shree Marutinandan Tubes IPO – Lot Size

An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1000 1,43,000
Retail (Max.) 1 1000 1,43,000
HNI (Min.) 2 2000 2,86,000
HNI (Max.)

 

#14. Shree Marutinandan Tubes IPO – Prospectus Copy

An investor can download/view the Shree Marutinandan Tubes IPO prospectus copy, which the company filed to SEBI, details are as follows. 

Shree Marutinandan Tubes IPO IPO Prospectus
Draft Red Herring Prospectus (DHRP)
Red Herring Prospectus (RHP)

 

#15. Shree Marutinandan Tubes IPO Registrar 

Bigshare Services Private Limited

Phone No.: +91-22-62638200

E-Mail: ipo@bigshareonline.com 

Website: www.bigshareonline.com

#16. Shree Marutinandan Tubes IPO Lead Manager

Swastika Investmart Limited

Phone No.: +91-22-26254568

E-Mail: merchantbanking@swastika.co.in 

Website: www.swastika.co.in

#17. Shree Marutinandan Tubes IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Shree Marutinandan Tubes IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Shree Marutinandan Tubes Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Shree Marutinandan Tubes Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Shree Marutinandan Tubes Company Details

Shree Marutinandan Tubes Limited

Registered Office: A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad-380058, Gujarat 

Phone No: +91-079-29795873

Email: ca@shreemarutitubes.com 

Website: www.shreemarutitubes.com

Investor Grievances/Compliance Officer: Pooja Mangal

#19. Shree Marutinandan Tubes Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Shree Marutinandan Tubes Company Board (Top 2)

Sr. No. Name of Directors
01. Vikram Shivratan Sharma
02. Bharat Shivratan Sharma

 

Shree Marutinandan Tubes IPO – Frequently Asked Questions (FAQs)

#1. What is Shree Marutinandan Tubes IPO?

Shree Marutinandan Tubes Limited brings its IPO of Rs.14.30 Crore, on January 12, 2024, with a price band of Rs.143 per share.

 

#2. What is the Shree Marutinandan Tubes IPO Open date?

Shree Marutinandan Tubes IPO’s opening date is January 12, 2024.

 

#3. What is the Shree Marutinandan Tubes IPO Close Date?

Shree Marutinandan Tubes IPO’s closing date is January 16, 2024.

 

#4. What is the Shree Marutinandan Tubes IPO Listing date?

Shree Marutinandan Tubes IPO’s listing date is January 19, 2024.

 

#5. What is the Shree Marutinandan Tubes IPO Minimum investment amount?

Shree Marutinandan Tubes IPO’s minimum investment amount is Rs.1,43,000.

 

#6. What is the Shree Marutinandan Tubes IPO offer issue Size?

Shree Marutinandan Tubes IPO offers an issue size of Rs.14.30 Crore.

 

#7. What is the Shree Marutinandan Tubes IPO Price Band?

Shree Marutinandan Tubes IPO’s price band is Rs.143 per share.

 

#8. Is Shree Marutinandan Tubes IPO mainboard IPO or SME IPO?

Shree Marutinandan Tubes IPO is an SME IPO.

 

15 thoughts on “Shree Marutinandan Tubes IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024”

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