IPO

Shree Marutinandan Tubes Limited IPO

BSE SME

Listed On: Jan 19, 2024 at ₹ 200.0

₹ 143000 /1000 Shares

Check Allotment

Shree Marutinandan Tubes Limited IPO Details

12 Jan, 2024

Open Date

16 Jan, 2024

Close Date

17 Jan, 2024

Allotment Date

19 Jan, 2024

Listing Date

Issue Price

₹143 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

200.0

Listing Date

2024-01-19

Market Lot

1000 Shares (₹143,000/-)

Lead Manager

Swastika Investmart Ltd

Issue Size

1,000,000 shares(aggregating up to ₹14.30 Cr)

Retail Portion

50%

Subscription

47.20 times

IPO Docs

DRHP RHP

Shree Marutinandan Tubes Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved475,000475,000950,000
Day 1 - 12-01-24 06:00 PM3.67 x6.69 x5.18 x
Day 2 - 15-01-24 06:00 PM9.71 x30.32 x20.02 x
Day 3 - 16-01-24 06:00 PM34.73 x59.67 x47.20 x

Shree Marutinandan Tubes Limited Valuations

Earnings Per Share (EPS)

₹8.2/-

P/E Ratio

17.44

RoNW

75.36%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Shree Marutinandan Tubes Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets1,617.601,284.831,301.03
Revenue4,722.584,718.493,597.28
Profit After Tax201.766.0113.30

About The Company

Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.

The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.

The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.

As of December 25, 2023, the company has 14 employees.

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Shree Marutinandan Tubes Limited - Promoter(s)

Pre Issue Share Holding: 82.00%

Post Issue Share Holding: 58.30%

Company Promoter(s)

  1. Mr. Vikram Shivratan Sharma
  2. Mr. Bharat Shivratan Sharma
  3. Mrs. Kusumlata Shivratan Sharma

Shree Marutinandan Tubes Limited IPO - Issue Objectives

  1. To Meet Incremental Working Capital Requirements
  2. General Corporate Purpose
  3. To meet Public Issue Expenses.

Shree Marutinandan Tubes Limited IPO - FAQs

Ans. Shree Marutinandan Tubes Limited IPO is a SME IPO. The issue is priced at ₹143 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jan 12, 2024, and closes on Jan 16, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Shree Marutinandan Tubes Limited IPO opens on Jan 12, 2024 and closes on Jan 16, 2024.

Ans. The size of Shree Marutinandan Tubes Limited IPO is 1,000,000 shares(aggregating up to ₹14.30 Cr).

Ans. The IPO price band is set between ₹143 per equity share.

Ans. To apply for Shree Marutinandan Tubes Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Shree Marutinandan Tubes Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Shree Marutinandan Tubes Limited IPO is Jan 17, 2024.

Ans. The Shree Marutinandan Tubes Limited IPO will be listed on Jan 19, 2024.

Ans. Follow the steps to check the allotment status for Shree Marutinandan Tubes Limited IPO here.