Shree Marutinandan Tubes
Shree Marutinandan Tubes Info
Details about the Shree Marutinandan Tubes IPO. Opening Date of Shree Marutinandan Tubes is 12 Jan 24 and Closing Date is 16 Jan 24 . Face Value of Each share of Shree Marutinandan Tubes is ₹10 per share. Fixed price of Shree Marutinandan Tubes is ₹143. The Lot size of Shree Marutinandan Tubes is 1,000 shares. Total issue size of Shree Marutinandan Tubes IPO is ₹14.3 cr. Fresh Issue of Shree Marutinandan Tubes IPO is 14.3 cr. This is a Fixed Price Issue IPO. Expected to list on BSE SME. Share Holding Pre Issue of Shree Marutinandan Tubes is 2,460,000. Share Holding Post Issue of Shree Marutinandan Tubes is 3,460,000.
Business Summary
Shree Marutinandan Tubes Limited was originally incorporated in year 2013. Company is in business of steel pipe which are used mainly in sectors like Agriculture, Oil, Solar Power, Public Health, Housing, Irrigation, Engineering etc.
Company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes.
The product portfolio of company now includes an array of agricultural equipment such as potato digger machines, grader machines, hopper machines, groundnut de-stoner machines, pipe winder machines, and rotavators.
Company takes orders from our clients for customizable agricultural equipment based on their specific needs and requirements. Instead of manufacturing the equipment in-house, they collaborated with Shree Kamdhenu Machinery Private Limited, a reliable and efficient contract manufacturing company, to manufacture the products based on our specifications.
Shree Marutinandan Tubes IPO Details
| Open Date | 12 Jan 24 |
|---|---|
| Close Date | 16 Jan 24 |
| Face Value | ₹10 per shares |
| Price | ₹143 |
| Lot Size | 1,000 Shares |
| Total issue Size | 1,000,000 Shares ₹14.3 cr |
| Fresh Issue | 1,000,000 Shares ₹14.3 cr |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,460,000 |
| Share Holding Post Issue | 3,460,000 |
| Market Maker | Swastika Investmart |
| Market Maker Portion | 50,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
Shree Marutinandan Tubes IPO Timeline
The Shree Marutinandan Tubes Initial Public Offering (IPO) is set to open on 12 Jan 24 and will end its subscription phase on 16 Jan 24. You can check your allotment status for Shree Marutinandan Tubes on 17 Jan 24. The refund process for your funds will start promptly on 18 Jan 24. Shree Marutinandan Tubes IPO credit of shares will be on 18 Jan 24. The listing date for Shree Marutinandan Tubes is on 19 Jan 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Shree Marutinandan Tubes IPO Reservation
The Shree Marutinandan Tubes IPO reserves shares for different investor categories. Approximately 50% of the net Issue will be available for Retail, 50% of the net offer will be available for Other,
50,000 Shares will be reserved for subscription by Swastika Investmart
| Investor Category | Shares Offered |
|---|---|
| Retail | 50% of the net Issue |
| Other | 50% of the net offer |
Shree Marutinandan Tubes IPO Lot Size
Bids can be made for minimum of 1000 shares and in multiple of 1000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 143,000 |
| Retail (Max) | 1 | 1,000 | 143,000 |
| HNI (Min) | 2 | 2,000 | 286,000 |
Shree Marutinandan Tubes IPO Promoters Holding
Promoters holding details for Shree Marutinandan Tubes in the current issue is as follows: The share holding of promoters before the issue stands at 82%, and after the issue, it has been adjusted to 58.3%.
Promoters of Shree Marutinandan Tubes are Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, Mrs. Kusumlata Shivratan Sharma,
| Share Holding Pre Issue | 82% |
|---|---|
| Share Holding Post Issue | 58.3% |
Shree Marutinandan Tubes Financial Information
Financial performance details for Shree Marutinandan Tubes over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 2,234.29 | 1,617.6 | 1,284.83 | 1,301.03 |
| Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.3 |
Shree Marutinandan Tubes IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Shree Marutinandan Tubes are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 17.44 |
| ROCE | 78.52% |
| ROE | 120.91% |
| RoNW | 75.36% |
| Debt/Equity | 2.68 |
| EPS (Rs) | 8.2 |
Object of the Issue
- • To Meet Incremental Working Capital Requirements
- • General Corporate Purpose
- • To meet Public Issue Expenses.
Risk Factors to Consider
- • The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on the business, results of operations, margins and financial condition
- • Revenue from Black pipe/MS Pipe and Structural Pipe contribute significantly to revenue from operation. Any loss of business from such product may adversely affect the revenues and profitability.
- • Business is a High Volume-Low Margin Business.
Contact Details for Shree Marutinandan Tubes
Phone
Office
A-21, Second Floor, Amrapali Complex,S.P Ring Road, Bopal,Ahmedabad – 380058
Registrar Details for Shree Marutinandan Tubes
Bigshare Services Pvt Ltd
Phone
Office
: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Swastika Investmart Ltd