Shree Marutinandan Tubes is scheduled to hit the market on January 12, 2024 and close on January 16, 2024. Shree Marutinandan Tubes plans to raise around ₹14.30 Cr through an IPO with a sale of up to 1,000,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Established in 2013, Shree Marutinandan Tubes Limited specializes in offering a diverse range of products such as Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS), Black Tubes, and Solar Structural Tubes.
These products cater to various sectors including Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, and Engineering, among others.
Shree Marutinandan Tubes IPO Details
Shree Marutinandan Tubes IPO opens on Jan 12, 2024, and closes on Jan 16, 2024. The Listing date for Shree Marutinandan Tubes IPO is on Jan 19, 2024. The price band for IPO is ₹143 per share and lot size of 1000 Shares.
| IPO Date | Jan 12, 2024 to Jan 16, 2024 |
| Listing Date | Jan 19, 2024 |
| Price | ₹143 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹14.30 Cr |
| Face Value | ₹10 per share |
Shree Marutinandan Tubes IPO Tentative Timetable
Shree Marutinandan Tubes opening date is January 12, 2024 and close date is January 16, 2024. The IPO allotment date is January 17, 2024. The refund initiation of IPO is on January 18, 2024. The credit of shares in demat account is on January 18, 2024. The listing date is on January 19, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 12, 2024 |
| IPO Closing | Jan 16, 2024 |
| IPO Allotment Date | Jan 17, 2024 |
| Refund Initiation | Jan 18, 2024 |
| Shares Credit to Demat | Jan 18, 2024 |
| Lisiting Date | Jan 19, 2024 |
Shree Marutinandan Tubes IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹143,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹143,000 |
| Retail(Maximum) | 1 | 1000 | ₹143,000 |
| HNI (Minimum) | 2 | 2000 | ₹286,000 |
Shree Marutinandan Tubes IPO Promoter Holding
| Pre Issue Share Holding | 82.00% |
| Post Issue Share Holding | 58.30% |
Shree Marutinandan Tubes IPO Review
Shree Marutinandan Tubes Ltd. (SMTL) is a trading company specializing in galvanized pipes, ERW MS pipes, black pipes, and solar structural pipes. Over time, it has strategically diversified its offerings, including contract manufacturing of agricultural equipment. The company's IPO aims to raise Rs. 14.30 crores, with shares priced at Rs. 143 each.
Diversification Strategy: SMTL's strategic move towards forward integration by offering agricultural equipment diversifies its product range, catering to the growing market demand. Established Market Presence: With a significant mark in trading steel tubes and pipes, SMTL has established a robust sales and distribution network, positioning itself well in the industry. Procurement Efficiency: Procuring steel pipes in bulk allows SMTL to ensure timely delivery and maintain relationships with leading domestic manufacturers.
The company's PAT margins for the reported periods exhibit inconsistency, with H1-FY24 showing a significant improvement but raising concerns about its authenticity. The P/BV and P/E ratios, especially when compared to its peers, indicate that the issue might be fully priced, potentially limiting immediate upside for investors.
Shree Marutinandan Tubes IPO Subscription Status (Bidding Details)
Table not foundShree Marutinandan Tubes IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Shree Marutinandan Tubes IPO FAQs
What is Shree Marutinandan Tubes IPO?
Shree Marutinandan Tubes is issuing 1,000,000 equity shares with a face value of ₹10 each, totaling up to ₹14.30 Cr. The shares are being offered at a price of ₹143 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Shree Marutinandan Tubes IPO will open?
Shree Marutinandan Tubes will open on January 12, 2024 for QIB, NII, and Retail Investors.
When Shree Marutinandan Tubes IPO will end?
Shree Marutinandan Tubes will end on January 16, 2024.
What is Shree Marutinandan Tubes IPO Size?
Shree Marutinandan Tubes IPO size is ₹14.30 Cr.
What is Shree Marutinandan Tubes IPO Price Band?
Shree Marutinandan Tubes price band is ₹143 per share.
What is the Shree Marutinandan Tubes IPO Allotment Date?
Shree Marutinandan Tubes allotment date is January 17, 2024.
What is the Shree Marutinandan Tubes IPO Listing Date?
Shree Marutinandan Tubes listing date is January 19, 2024. The IPO is to be listed on BSE and NSE.
How to Shree Marutinandan Tubes IPO through Zerodha?
To apply for the IPO “Shree Marutinandan Tubes” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Shree Marutinandan Tubes IPO through Upstox?
To apply for the IPO “Shree Marutinandan Tubes” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Shree Marutinandan Tubes IPO Allotment Status?
For Shree Marutinandan Tubes IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Shree Marutinandan Tubes IPO GMP?
You can check out here: Shree Marutinandan Tubes IPO GMP