Malpani Pipes And Fittings Limited IPO (Malpani Pipes IPO)

Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.

The company offers High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under its brand name “Volstar”. Additionally, the company is involved in trading granules and PVC pipes, along with selling various services.

The company’s pipes are designed for irrigation, water supply, sewerage, drainage, boreholes, tube wells, and infrastructure projects like electrical cable and optical fiber installations.

The company’s manufacturing plant, located in Ratlam, Madhya Pradesh, is equipped with essential machinery and an in-house testing facility. It operates 10 production lines with a capacity of 11,500 M.T.P.A.

The company distributes products to wholesalers, and retailers, and supplies pipes for government projects through authorized contractors, as well as to farmers under welfare policies.

The company’s Products:

  • HDPE Pipes: High-Density Polyethylene (HDPE) pipes, available in 20mm to 2000mm sizes, are used for water supply, irrigation, and industrial piping due to strength, durability, and chemical resistance.
  • MDPE Pipes: MDPE pipes are durable, flexible, and corrosion-resistant, used in water supply, gas distribution, irrigation, mining, and construction projects for reliable performance.
  • Lateral Pipes (LLDPE): Lateral pipes, made from premium HDPE, are durable, flexible, and corrosion-resistant, ideal for irrigation, water supply, and drainage systems.
  • Drip Irrigation Pipes: Drip irrigation pipes efficiently deliver water to plants, conserving water and promoting healthy growth in agriculture, horticulture, and commercial applications.

As of December 31, 2024, the company had 51 full-time employees and 30 contract-based employees.

Malpani Pipes IPO

Malpani Pipes IPO – Details

IPO Opening Date29 January 2025
IPO Closing Date31 January 2025
Issue TypeBook Built Issue IPO
Issue SizeTotal Issue Size: 28,80,000 Shares Worth ₹25.92 Crore
Fresh Issue: 28,80,000 Shares Worth ₹25.92 Crore
Face Value₹10 per equity share
IPO Price₹85 – ₹90 per share
Market Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Malpani Pipes IPO – Date Schedule

IPO Open Date29 January 2025
IPO Close Date31 January 2025
Basis of Allotment03 February 2025
Initiation of Refund04 February 2025
Credit of Shares to Demat Account04 February 2025
IPO Listing Date05 February 2025
Cut-off time for UPI mandate confirmation5 PM on January 31, 2025

Malpani Pipes IPO – Lots Size & Price

ApplicationLotsSharesAmount
Retail (Min)11600₹1,44,000
Retail (Max)11600₹1,44,000
HNI (Min)23200₹2,88,000

Competitive Strengths

  • Wide Geographical Reach.
  • Strategically located manufacturing facilities with a core focus on quality.
  • Diversified product mix.
  • Experienced Promoter and strong management team.
  • Quality.

Company Promoters

  • Rohit Malpani
  • Harsh Malpani
  • Mohit Malpani

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202234.9333.750.898.98
31 March 202382.5679.792.0819.59
31 March 2024141.16131.137.3930.29
30 November 202484.5477.675.0935.74
Amount in ₹ Crore

Key Performance Indicator

KPIValues
ROE71.52%
ROCE21.74%
Debt/Equity2.04
RoNW50.07%
PAT Margin5.25
Price to Book Value1.48
Pre IPOPost IPO
EPS (Rs)37.17
P/E (x)2.42

Object Of The Issue

  • Capital Expenditure for purchase of machineries.
  • Repayment of Debt.
  • General Corporate Purpose.
Malpani Pipes IPO
Object of the Issues

Malpani Pipes IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding30.90%

Malpani Pipes IPO Prospectus

Company Contact Information

Malpani Pipes And Fittings Limited

65-A,
Sector B Industrial Area,
Ratlam 457001

Phone: 07412-260707
Email: pipes@malpanipipes.com
Websitehttp://www.malpanipipes.com/

Malpani Pipes IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/IPO_Status.html

Malpani Pipes IPO Lead Manager(s)

1. Interactive Financial Services Ltd

Malpani Pipes IPO FAQs

Malpani Pipes IPO FAQs
What is Malpani Pipes IPO?

Malpani Pipes IPO is a SME IPO. The issue is priced at ₹85 to ₹90 per equity share. The IPO is to be listed on BSE SME.
When Malpani Pipes IPO will open?

The IPO is to open on 29 January 2025 for QIB, NII, and Retail Investors.
What is Malpani Pipes IPO Investors Portion?

The investors’ portion for QIB – 50%NII – 15%, and Retail – 35%.
How to Apply the Malpani Pipes IPO?

You can apply Malpani Pipes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Malpani Pipes IPO through Angle One?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Malpani Pipes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.
How to Apply the Malpani Pipes IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Malpani Pipes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Malpani Pipes IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Malpani Pipes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Malpani Pipes IPO through IIFL?

Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Malpani Pipes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.
What is Malpani Pipes IPO Size?

Malpani Pipes IPO size is ₹25.92 Crore.
What is the Malpani Pipes IPO Price Band?

Malpani Pipes IPO Price Band is ₹85 to ₹90.
What is Malpani Pipes IPO Minimum and Maximum Lot Size for Retail?

The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 Shares with ₹1,44,000.
What is the Malpani Pipes IPO Allotment Date?

Malpani Pipes IPO allotment date is 03 February 2025.
What is the Malpani Pipes IPO Listing Date?

Malpani Pipes IPO listing date is 05 February 2025. The IPO is to be listed on BSE SME.
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