Malpani Pipes IPO is a book-built issue amounting to Rs 25.92 crores, consisting entirely of a fresh issue of 28.80 lakh shares.
The subscription for the Malpani Pipes IPO opens on January 29, 2025, and closes on January 31, 2025. The allotment process is expected to be finalized on Monday, February 3, 2025. The IPO is set to be listed on the BSE SME, with a tentative listing date scheduled for Wednesday, February 5, 2025.
Malpani Pipes operates in the Plastics – Pipes & Fittings sector. They specialize in the production of high-quality plastic pipes, including HDPE, MDPE, and LLDPE pipes, as well as sprinkler and drip irrigation systems2. Their products cater to various sectors such as irrigation, telecommunications, industrial applications, infrastructure, and housing.
The price band for the Malpani Pipes IPO is fixed between ₹85 and ₹90 per share. Investors can apply for a minimum lot size of 1,600 shares. Retail investors are required to make a minimum investment of ₹1,44,000, while high-net-worth individuals (HNI) must invest in at least 2 lots (3,200 shares), amounting to ₹2,88,000.
Interactive Financial Services Ltd is the book-running lead manager for the Malpani Pipes IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. The market-making responsibilities will be handled by Mnm Stock Broking Private Limited.
Malpani Pipes IPO Details:
| Company Name | Malpani Pipes Limited |
| Sector | Plastic Pipe Manufacturing |
| IPO Type | SME |
| IPO Open date | 29th Jan 2025 |
| IPO Close date | 31st Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Malpani Pipes IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,44,000 |
| HNI (Min) | 2 | 3200 | 2,88,000 |
Malpani Pipes IPO Timeline:
| IPO Open Date | 29th Jan 2025 |
| IPO Close Date | 31st Jan 2025 |
| Basis of Allotment | 03rd Feb 2025 |
| Refund Initiation Date | 04th Feb 2025 |
| Shares Credit to Demat | 04th Feb 2025 |
| Listing Date | 05th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Malpani Pipes’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Plastic Pipe Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Malpani Pipes and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
