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 name | Shree Marutinandan Tubes Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.shreemarutitubes.com/ |
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 date | 12 January 2024 |
| IPO Closing | 16 January 2024 |
| Basis of Allotment | 17 January 2024 |
| Initiation Refund | 18 January 2024 |
| Credit to Demat Account | 18 January 2024 |
| Listing Date | 19 January 2024 |
Shree Marutinandan Tubes IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.30 Cr – 1,000,000 shares |
| Fresh Issue | ₹14.30 Cr – 1,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹143 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 50,000 shares |
| Shareholding pre-issue | 2,460,000 |
| Shareholding post-issue | 3,460,000 |
| Listing Exchange | BSE SME |
Shree Marutinandan Tubes IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2,000 | ₹286,000 |
Shree Marutinandan Tubes IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 50,000 (5.00%) |
| Other Shares Offered | 475,000 (47.50%) |
| Retail Shares Offered | 475,000 (47.50%) |
| Total Shares Offered | 1,000,000 (100%) |
Shree Marutinandan Tubes Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 35.64 | 47.14 | 47.17 | 42.70 |
| Expenses | 35.75 | 47.05 | 44.50 | 40.94 |
| Net income | 0.13 | 0.06 | 2.02 | 1.42 |
Shree Marutinandan Tubes Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 6.49 | 2.93 | 8.20 |
| PE ratio | – | – | 17.44 |
| RONW (%) | 22.17 | 9.11 | 75.36 |
| NAV | – | – | 130.60 |
| ROCE (%) | 31.05 | 20.86 | 78.52 |
| EBITDA (%) | 2.70 | 1.72 | 7.49 |
| Debt/Equity | 12.90 | 9.74 | 2.68 |
Company Promoters
- Mr. Vikram Shivratan Sharma
- Mr. Bharat Shivratan Sharma
- Mrs. Kusumlata Shivratan Sharma
Promoter Holding
| Pre Issue Share Holding | 82% |
| Post Issue Share Holding | 58.30% |
Shree Marutinandan Tubes Lead Manager(s)
SWASTIKA INVESTMART LIMITED
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
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Shree Marutinandan Tubes Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Shree Marutinandan Tubes Contact Details
SHREE MARUTINANDAN TUBES LIMITED
A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal Ahmedabad, (G.J.) – 380058
Phone: +91 079-29795873
E-mail: cs@shreemarutitubes.com
Website: www.shreemarutitubes.com
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
