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Shree Marutinandan Tubes Ltd

Trading

Offer Period :

12th to 16th Jan 2024

Established in 2013, Shree Marutinandan Tubes Ltd specializes in Galvanized Tubes, ERW MS Tubes, and Black Tubes for diverse sectors. They collaborate with Shree Kamdhenu Machinery Pvt Ltd for manufacturing. Read more... Product range extends to potato harvesters, grading machines, and more. Currently, they employ 14 people as of December 25, 2023.Read less

Shree Marutinandan Tubes Ltd IPO Details

IPO Date 12th to 16th Jan 2024 Minimum Investment ₹143000 / 1 Lots
Listing Date 2024-01-19 Maximum Investment ₹143000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹14.3 Crores
Price ₹143 to ₹143 per share Fresh Issue ₹14.3 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 12th to 16th Jan 2024
Listing Date 2024-01-19
Face Value ₹10 per share
Price ₹143 to ₹143 per share
Lot Size 1 Lots (1000 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹143000 / 1 Lots
Maximum Investment ₹143000 / 1 Lots
Total Issue Size ₹14.3 Crores
Fresh Issue ₹14.3 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

12th Jan

IPO Starts

16th Jan

IPO Ends

17th Jan

Allotment Date

18th Jan

Initiation of Refund

18th Jan

Credit of Shares to Demat Account

19th Jan

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 70.73 50.28
Public Group 29.27 49.72

Shree Marutinandan Tubes Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 475000(47.5%)
Retail Shares Offered 475000(47.5%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1000000
Total Shares With Anchor Investor 1000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Shree Marutinandan Tubes Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200;
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Shree Marutinandan Tubes Ltd IPO Lead Manager

1. Swastika Investmart Ltd

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Shree Marutinandan Tubes Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Shree Marutinandan Tubes Ltd

1. Experienced Promoter and Management Team.

2. Quality Products.

3. Diversified Product Range.

4. Locational Advantage.

5. Established sales and distribution network in Gujarat.

Risks Involved

1. The property used by the Company for the operation purpose of its storage is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or the company failure to renew the same could adversely affect its operations.

2. The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on the company business, results of operations, margins and financial condition.

3. The company generate a substantial portion of revenue from Gujarat Region. Any adverse developments affecting its operations in the Gujarat Region could have an adverse impact on the company revenue and results of operations.

4. The company Revenue from Black pipe/MS Pipe and Structural Pipe contribute significantly to its revenue from operation. Any loss of business from such product may adversely affect the company revenues and profitability.

5. The company Peer Review Auditor and Statutory Auditor of the Company are not same.

6. The company has had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made non-compliances of certain provision under applicable law.

7. The company success depends largely upon the services of the Promoters, Managing Directors and other key managerial personnel and its ability to attract and retain them.

8. The company is dependent upon few suppliers for the material requirements of its trading business. Loss of any of the company suppliers or a failure by its suppliers to deliver the products may have an adverse impact on the company ability to continue its operations without interruption and the company ability to deliver the products to its customers without any delay.

9. The Company is dependent on third party transportation providers for the delivery of its products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.

10. The company business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Shree Marutinandan Tubes Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-01-19 544083 -
INE0QIS01011
₹143 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹143 ₹143
Open ₹200 ₹0
Low ₹200 ₹0
High ₹210 ₹0
Low ₹200 ₹0

Frequently Asked Questions

What is Shree Marutinandan Tubes Ltd IPO?

Answer Field

Shree Marutinandan Tubes Ltd IPO is a SME IPO of 10,00,000 equity shares of a face value of ₹10 aggregating up to ₹14.3 Crores. The issue is priced at ₹143 to ₹143 per share. The minimum order quantity is 1000 Shares. The IPO opens on January 12, 2024, and closes on January 16, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Shree Marutinandan Tubes Ltd IPO will open?

Answer Field

The Shree Marutinandan Tubes Ltd IPO opens on January 12, 2024 and closes on January 16, 2024.

What is the lot size of Shree Marutinandan Tubes Ltd?

Answer Field

Shree Marutinandan Tubes Ltd lot size is 1000 shares, and the minimum amount required is ₹1,43,000.

How to apply for Shree Marutinandan Tubes Ltd IPO?

Answer Field

You can apply in Shree Marutinandan Tubes Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shree Marutinandan Tubes Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shree Marutinandan Tubes Ltd IPO will be done on January 17, 2024, and the allotted shares will be credited to your demat account by January 18, 2024.

When is Shree Marutinandan Tubes Ltd IPO listing date?

Answer Field

The Shree Marutinandan Tubes Ltd listing date is January 19, 2024.

Who is the registrar of Shree Marutinandan Tubes Ltd IPO?

Answer Field

The registrar of Shree Marutinandan Tubes Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Swastika Investmart Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shree Marutinandan Tubes Ltd IPO?

Answer Field

The fresh issue size is ₹14.3 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shree Marutinandan Tubes Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,43,000 amount.

How can I approve the UPI mandate request for Shree Marutinandan Tubes Ltd IPO?

Answer Field

To apply for Shree Marutinandan Tubes Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shree Marutinandan Tubes Ltd?

Answer Field

The price of each Shree Marutinandan Tubes Ltd share will be ranging in between ₹143 to ₹143 per share.

What is the cut-off time for the UPI mandate for Shree Marutinandan Tubes Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 16, 2024.

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