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.
Shree Marutinandan Tubes IPO – Details
| IPO Opening Date | 12 January 2024 |
| IPO Closing Date | 16 January 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 10,00,000 Shares Worth ₹60.16 Crore Fresh Issue: 10,00,000 Shares Worth ₹14.30 Crore Offer For Sale: 0 Shares Worth ₹0.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹143 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 0% |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shree Marutinandan Tubes IPO – Date Schedule
| IPO Open Date | 12 January 2024 |
| IPO Close Date | 16 January 2024 |
| Basis of Allotment | 17 January 2024 |
| Initiation of Refund | 18 January 2024 |
| Credit of Shares to Demat Account | 18 January 2024 |
| IPO Listing Date | 19 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 16 January 2024 |
Shree Marutinandan Tubes IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,43,000 |
| Retail (Maximum) | 1 | 1000 | 1,43,000 |
| HNI (Minimum) | 2 | 2000 | 2,86,000 |
Company Promoters
- Mr. Vikram Shivratan Sharma
- Mr. Bharat Shivratan Sharma
- Mrs. Kusumlata Shivratan Sharma
Object Of The Issue
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | ₹35.97 | ₹35.75 | ₹0.13 | ₹7.95 |
| 31 March 2022 | ₹47.18 | ₹44.49 | ₹0.06 | ₹6.89 |
| 31 March 2023 | ₹47.23 | ₹40.94 | ₹2.02 | ₹7.17 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| EPS (Rs) | 8.2 |
| P/E (x) | 17.44 |
| RoNW | 75.36% |
Shree Marutinandan Tubes IPO Promoter Holding
| Pre Issue Share Holding | 82.00% |
| Post Issue Share Holding | 58.30% |
Shree Marutinandan Tubes IPO Prospectus
Company Contact Information
| Shree Marutinandan Tubes Limited A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad – 380058 Phone: +91 079-29795873 Email: cs@shreemarutitubes.com Website: https://www.shreemarutitubes.com/index.php |
Shree Marutinandan Tubes IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Shree Marutinandan Tubes IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Shree Marutinandan Tubes IPO FAQs
| What is Shree Marutinandan Tubes IPO? Shree Marutinandan Tubes IPO is a SME IPO. The issue is priced at ₹143 per equity share. The IPO is to be listed on BSE SME. |
| When Shree Marutinandan Tubes IPO will open? The IPO is to open on 12 January 2024 for NII – 50% and Retail – 50% Investors. |
| How to Shree Marutinandan Tubes IPO? You can apply Shree Marutinandan Tubes 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 Shree Marutinandan Tubes IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shree Marutinandan Tubes Limited.”. 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 Shree Marutinandan Tubes IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shree Marutinandan Tubes Limited”. 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 Edelweiss. |
| What is Shree Marutinandan Tubes IPO Size? Shree Marutinandan Tubes IPO size is ₹14.30 crores. |
| What is Shree Marutinandan Tubes IPO Price Band? Shree Marutinandan Tubes IPO Price Band is ₹143. |
| What is Shree Marutinandan Tubes IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1000 Shares with ₹1,43,000 amount while the maximum bid is 1000 shares with ₹1,43,000. |
| What is the Shree Marutinandan Tubes IPO Allotment Date? Shree Marutinandan Tubes IPO allotment date is 17 January 2024. |
| What is the Shree Marutinandan Tubes IPO Listing Date? Shree Marutinandan Tubes IPO listing date is 19 January 2024. The IPO is to be listed on BSE SME. |
