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 – Details
| IPO Opening Date | 29 January 2025 |
| IPO Closing Date | 31 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total 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 Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Malpani Pipes IPO – Date Schedule
| IPO Open Date | 29 January 2025 |
| IPO Close Date | 31 January 2025 |
| Basis of Allotment | 03 February 2025 |
| Initiation of Refund | 04 February 2025 |
| Credit of Shares to Demat Account | 04 February 2025 |
| IPO Listing Date | 05 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2025 |
Malpani Pipes IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3200 | ₹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
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 34.93 | 33.75 | 0.89 | 8.98 |
| 31 March 2023 | 82.56 | 79.79 | 2.08 | 19.59 |
| 31 March 2024 | 141.16 | 131.13 | 7.39 | 30.29 |
| 30 November 2024 | 84.54 | 77.67 | 5.09 | 35.74 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 71.52% |
| ROCE | 21.74% |
| Debt/Equity | 2.04 |
| RoNW | 50.07% |
| PAT Margin | 5.25 |
| Price to Book Value | 1.48 |
| Pre IPO | Post 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 Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 30.90% |
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 Website: http://www.malpanipipes.com/ |
Malpani Pipes IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Malpani Pipes IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd |
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. |
