Shree Marutinandan Tubes IPO is a fixed price issue of Rs 14.30 crores. The issue is entirely a fresh issue of 10 lakh shares.
Shree Marutinandan Tubes IPO opens for subscription on January 12, 2024 and closes on January 16, 2024. The allotment for the Shree Marutinandan Tubes IPO is expected to be finalized on Wednesday, January 17, 2024. Shree Marutinandan Tubes IPO will list on BSE SME with tentative listing date fixed as Friday, January 19, 2024.
Shree Marutinandan Tubes IPO price is ₹143 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹143,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹286,000.
Swastika Investmart Ltd is the book running lead manager of the Shree Marutinandan Tubes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree Marutinandan Tubes IPO is Swastika Investmart.
Refer to Shree Marutinandan Tubes IPO RHP for detailed information.
Shree Marutinandan Tubes IPO Details
| IPO Date | January 12, 2024 to January 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹143 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,000,000 shares (aggregating up to ₹14.30 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹14.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,460,000 |
| Share holding post issue | 3,460,000 |
| Market Maker portion | 50,000 shares Swastika Investmart |
Shree Marutinandan Tubes IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Shree Marutinandan Tubes IPO Timeline (Tentative Schedule)
Shree Marutinandan Tubes IPO opens on January 12, 2024, and closes on January 16, 2024.
| IPO Open Date | Friday, January 12, 2024 |
| IPO Close Date | Tuesday, January 16, 2024 |
| Basis of Allotment | Wednesday, January 17, 2024 |
| Initiation of Refunds | Thursday, January 18, 2024 |
| Credit of Shares to Demat | Thursday, January 18, 2024 |
| Listing Date | Friday, January 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 16, 2024 |
Shree Marutinandan Tubes IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2,000 | ₹286,000 |
| Lot Size Calculator | |||
Shree Marutinandan Tubes IPO Promoter Holding
Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma are the company promoters.
| Share Holding Pre Issue | 82.00% |
| Share Holding Post Issue | 58.30% |
About Shree Marutinandan Tubes Limited
Incorporated in 2013, 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 Limited Financial Information (Restated)
Shree Marutinandan Tubes Limited’s revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
| Net Worth | 409.70 | 267.74 | 65.98 | 59.98 |
| Reserves and Surplus | 163.73 | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 607.28 | 716.90 | 688.89 | 795.31 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Shree Marutinandan Tubes IPO is Rs 49.48 Cr.
| KPI | Values |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| RoNW | 75.36% |
| P/BV | 1.09 |
Check Shree Marutinandan Tubes IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.2 | 8.21 |
| P/E (x) | 17.44 | 17.42 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Shree Marutinandan Tubes IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses.
Shree Marutinandan Tubes IPO Review (May apply)
[Dilip Davda] The company posted fluctuating bottom lines for the last three fiscals with static top line for the last two fiscals. The sudden boost in its bottom lines for the last 18 months’ periods is not only raise eyebrows, but also concern over the sustainability going forward. H1-FY24 performance appears to be the window dressing and issue appears fully priced based on this performance. Peers compare is nothing but an eyewash. The tiny paid-up equity capital post-IPO indicates longer gestation for migration to main board. Read detail review…
Shree Marutinandan Tubes Limited Contact Details
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