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:
- To Meet Incremental Working Capital Requirements.
- General Corporate Purposes.
- To Meet Public Issue Expenses.
#3. Shree Marutinandan Tubes Core Strengths
- Experienced Promoter and Management Team
- Quality Products
- Diversified products range
- Location Advantage
- 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. |
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#2. What is the Shree Marutinandan Tubes IPO Open date? Shree Marutinandan Tubes IPO’s opening date is January 12, 2024. |
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#3. What is the Shree Marutinandan Tubes IPO Close Date? Shree Marutinandan Tubes IPO’s closing date is January 16, 2024. |
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#4. What is the Shree Marutinandan Tubes IPO Listing date?
Shree Marutinandan Tubes IPO’s listing date is January 19, 2024. |
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#5. What is the Shree Marutinandan Tubes IPO Minimum investment amount? Shree Marutinandan Tubes IPO’s minimum investment amount is Rs.1,43,000. |
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#6. What is the Shree Marutinandan Tubes IPO offer issue Size?
Shree Marutinandan Tubes IPO offers an issue size of Rs.14.30 Crore. |
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#7. What is the Shree Marutinandan Tubes IPO Price Band? Shree Marutinandan Tubes IPO’s price band is Rs.143 per share. |
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#8. Is Shree Marutinandan Tubes IPO mainboard IPO or SME IPO? Shree Marutinandan Tubes IPO is an SME IPO. |
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