Shree Marutinandan Tubes IPO

Shree Marutinandan Tubes IPO will open for subscription from 12 January 2024. The company aims for an issue size of ₹14.30 Cr through this IPO.

Company Overview

Full nameShree Marutinandan Tubes Limited
Company Website

About Company

Shree Marutinandan Tubes actively trades in a spectrum of products, including Galvanized Pipes and electric Resistance Welding Mild Steel (ERW MS) Pipes (encompassing round pipes, square and rectangular hollow sections). These products span diverse specifications and sizes, ranging from 15 NB to 1000 NB. The trade repertoire extends to Black Pipes and Solar Structural Pipes. With applications spanning Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, and Industrial sectors, its offerings find relevance across many industries.

In addition, it collaborates with group-company Shree Kamdhenu Machinery Private Limited, for contract manufacturing of agricultural equipment. The company’s offerings encompass potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators. As of 31 March 2023, the company boasts a robust customer network in India, serving over 730 clients and delivering products tailored to their unique requirements. The company employs a staff of 14.

The Objectives of the Issue

  • To Meet Incremental Working Capital Requirements
  • General Corporate Purpose
  • To meet Public Issue Expenses.

Shree Marutinandan Tubes IPO Timetable

IPO Opening date12 January 2024
IPO Closing16 January 2024
Basis of Allotment17 January 2024
Initiation Refund18 January 2024
Credit to Demat Account18 January 2024
Listing Date19 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 16, 2024)

Shree Marutinandan Tubes IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹14.30 Cr – 1,000,000 shares
Fresh Issue₹14.30 Cr – 1,000,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹143 per share
Lot size1000 Shares
Market Maker portion50,000 shares
Shareholding pre-issue2,460,000
Shareholding post-issue3,460,000
Listing ExchangeBSE SME

Shree Marutinandan Tubes IPO Lot Size

Retail (Min)11000₹143,000
Retail (Max)11000₹143,000
HNI (Min)22,000₹286,000

Shree Marutinandan Tubes IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered50,000 (5.00%)
Other Shares Offered475,000 (47.50%)
Retail Shares Offered475,000 (47.50%)
Total Shares Offered1,000,000 (100%)

Shree Marutinandan Tubes Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.
(Amount in ₹ Crores)

Shree Marutinandan Tubes Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio17.44
RONW (%)22.179.1175.36
ROCE (%)31.0520.8678.52
EBITDA (%)2.701.727.49

Company Promoters

  • Mr. Vikram Shivratan Sharma
  • Mr. Bharat Shivratan Sharma
  • Mrs. Kusumlata Shivratan Sharma

Promoter Holding

Pre Issue Share Holding82%
Post Issue Share Holding58.30%

Shree Marutinandan Tubes Lead Manager(s)

Flat No18 Floor 2 North Wing, Madhaveshwar
Coop Hsg Society Ltd Madhav Nagar,
11/12 S V Road Andheri W Mumbai Mumbai City – 400058
Phone: +91-22-26254568-69 / 0731-6644244

Shree Marutinandan Tubes Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Shree Marutinandan Tubes Contact Details

A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal Ahmedabad, (G.J.) – 380058
Phone: +91 079-29795873

Shree Marutinandan Tubes IPO Allotment Status

Shree Marutinandan Tubes IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Shree Marutinandan Tubes IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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