Table of Contents
Introduction
Malpani Pipes Limited IPO: Is This Your Golden Ticket to Big Returns? Don’t Miss Out!The Initial Public Offering (IPO) of Malpani Pipes and Fittings Limited is scheduled to begin on January 29, 2025, and the subscription period will end on January 31, 2025. Through this IPO, the business hopes to raise about ₹25.92 crore by selling 2,880,000 equity shares at a price range of ₹85 to ₹90 per share. The face value of each share is ₹10.
For investors hoping to get into the expanding market for premium plastic pipes, this initial public offering (IPO) offers an interesting opportunity.
Company Background
Malpani Pipes and Fittings Limited was founded in 2017 and has since become a prominent producer of premium plastic pipes. The company sells drip irrigation pipes, HDPE, MDPE, and LLDPE in its product line, which is branded “Volstar.” Agriculture, water supply, drainage, sewage, and infrastructure projects like optical fiber installations are just a few of the industries that these goods serve.
IPO Details
| IPO Open Date: | January 29, 2025 |
| IPO Close Date: | January 31, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Share |
| Issue Size: | Approx ₹25.92 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Lot Size: | Minimum of 1,600 shares |
Objectives of the IPO
The money obtained from the IPO will be used to:
- financing capital expenditures for machinery acquisition
- Debt repayment
- Fulfilling the needs for working capital
- General business objectives
Financial Performance
| Year | Revenue | Profit |
| 2022 | 34.90 Crores | 0.89 Crores |
| 2023 | 82.45 Crores | 2.08 Crores |
| 2024 | 140.96 Crores | 7.40 Crores |
Strengths and Opportunities
- The company’s Ratlam manufacturing facility is ISO 9001:2015 certified for quality management systems.
- Located in Ratlam, Madhya Pradesh, the facility features advanced machinery, strong infrastructure, and an in-house testing unit, ensuring adherence to quality standards.
- To maintain strict quality control, the company uses in-house testing and mandates additional testing by third-party labs, including CIPET, SGS, Bureau Veritas, Dr Amin Controllers, RITES, and CEIL, especially for supplies to government projects or farmer welfare programs.
- The company serves notable clients such as GR Infra Projects Ltd, JWIL Infra Ltd, Virent Power & Projects Pvt Ltd, Bihani Constructions Pvt Ltd, and others.
- Financially, the company has achieved significant growth. Revenue from operations rose from ₹34.90 crore in FY22 to ₹82.45 crore in FY23 and ₹140.96 crore in FY24, while PAT grew from ₹0.89 crore in FY22 to ₹2.08 crore in FY23 and ₹7.40 crore in FY24.
Risks and Challenges
- The company operates in a highly competitive, low-margin industry. Any disruptions or shutdowns at the facility could impact business operations.
- Ongoing legal proceedings and loans totaling ₹11.92 crore as of November 30, 2024, could threaten financial stability if unfavorable outcomes occur.
- The company’s operations are largely focused in Northern India. Adverse developments in this region could significantly impact revenue and operations.
Malpani Pipes & Fittings Ltd Contact Details
- Malpani Pipes & Fittings Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai – 400093
- Phone – 91-22-62638200
- Fax – 91-22-63638299
- Email – pipes@malpanipipes.com
- Website – www.malpanipipes.com
Conclusion
In conclusion, while the company has shown growth and operates in a competitive market, potential investors are advised to conduct their own thorough research and due diligence before making any investment decisions. We do not promote or guarantee the performance or safety of any investment.
I hope you have a thorough knowledge of IPOs after reading this in-depth discussion. If you have any more queries or would like to go into greater detail about any particular topic, please let me know.
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What is the price band for the Malpani Pipes IPO?
₹85 to ₹90 Per Share.
What is the lot size of Malpani Pipes IPO?
Minimum of 1,600 shares.
What is the expected listing date of Malpani Pipes IPO shares?
First week of feb.
Can I sell the IPO shares immediately after listing?
Yes , you can sell the IPO shares immediately after listing.
