Malpani Pipes And Fittings SME IPO Details, Financials, Valuation & Peers
Explore Malpani Pipes And Fittings IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Malpani Pipes & Fittings Limited based in Ratlam, Madhya Pradesh, specializes in manufacturing high-grade plastic pipes, including HDPE, MDPE, and LLDPE pipes. The company also engages in the trading of granules and PVC pipes and provides related services. With a state-of-the-art manufacturing facility in central India, Malpani Pipes ensures high-quality production through an in-house testing facility and adherence to stringent industry standards. Recognized as one of the “Top 10 Irrigation Equipment Manufacturers – 2024” by Industry Outlook, the company has grown significantly since its inception in 2017, expanding from two machines to 10 production lines with a total installed capacity of 11,500 MTPA. Malpani Pipes serves both wholesale and retail markets and is a key supplier for government infrastructure projects and farmer welfare schemes. The company has a robust presence across Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh, and Rajasthan, distributing its products from Ratlam and warehouses in Bhiwandi and Amravati (Maharashtra).
Key Points:
- Product Range – Specializes in HDPE, MDPE, LLDPE, Sprinkler, and Drip Pipes for applications in irrigation, potable water supply, sewerage, drainage, and infrastructure projects such as optical fiber installation.
- Strong Growth & Recognition – Honored among the “Top 10 Irrigation Equipment Manufacturers – 2024” with rapid expansion in capacity and product range since 2017.
- Market Reach – Strong presence in six states with distribution from multiple locations for efficient supply chain management.
- Clientele – Includes major infrastructure firms such as GR Infra Projects Ltd., JWIL Infra Ltd., Virent Power & Projects Pvt Ltd., and Bihani Constructions Pvt Ltd.
- Government Project Supplier – Supplies pipes for government infrastructure projects through authorized contractors and for farmers under welfare policies launched by the central and state governments.
- Applications Across Industries – Pipes engineered for diverse uses including water supply, sewerage, drainage, irrigation, borewells, underground cable protection, and optical fiber installations.
Objects of the Issue
- Capital Expenditure for purchase of machineries.
- Repayment of Debt
- General Corporate Purpose
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 29 Jan - 31 Jan 2025 |
| IPO Price Band | ₹85 - ₹90 per share |
| Fresh Issue | 28,80,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹25.92 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 29 Jan 2025 |
| IPO Closing Date | 31 Jan 2025 |
| Basis Of Allotment | 03 Feb 2025 |
| Refunds | 04 Feb 2025 |
| Demat Transfer | 04 Feb 2025 |
| IPO Listing Date | 05 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Nov 2024 |
|---|---|---|---|---|
| Total Income | 34.94 | 82.57 | 141.161 | 84.55 |
| Total Expenses | 33.75 | 79.80 | 131.14 | 77.67 |
| Net Profit/Loss | 0.89 | 2.08 | 7.40 | 5.09 |
| NPM (*) | 2.55 | 2.52 | 5.25 | 6.05 |
| Total Assets | 21.30 | 38.94 | 61.35 | 90.76 |
| Total Liabilities | 17.54 | 33.10 | 46.50 | 70.82 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Nov 2024 |
|---|---|---|---|---|
| EPS | 4.61 | 10.78 | 37.17 | 6.45 |
| ROE (%) | 26.64 | 43.35 | 71.52 | 29.27 |
| ROCE (%) | 10.66 | 12.78 | 21.74 | 11.17 |
| D/E Ratio | 2.39 | 3.36 | 2.04 | 1.79 |
| Current Ratio | 1.20 | 1.22 | 1.31 | 1.28 |
| EBITDA MARGIN (%) | 5.40 | 5.34 | 9.41 | 10.89 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Malpani Pipes and Fittings Limited | 140.96 | 2.42 | 37.17 | 50.07 | 60.80 |
| Aik Pipes and Polymers Limited | 37.27 | 15.70 | 6.69 | 15.56 | 34.46 |
| Kriti Industries (India) Ltd | 866.63 | 36.44 | 4.32 | 13.99 | 30.32 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0.88 |
| Non-Institutional Investor (NII/HNI) | 39.76 |
| Retail Individual Investor (RII) | 50.29 |
| Total | 33.76 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- Rohit Malpani
- Harsh Malpani
- Mohit Malpani
Lead Managers
- INTERACTIVE FINANCIAL SERVICES LIMITED
Company Address
Malpani Pipes And Fittings Limited
65-A, Sector B Industrial Area, Ratlam- 457001, Madhya Pradesh, India
Phone: 07412-260707
Email: pipes@malpanipipes.com
Website: www.malpanipipes.com
FAQs
- What is the issue size of the Malpani Pipes And Fittings SME IPO?The Malpani Pipes And Fittings SME IPO has an issue size of ₹25.92 crore. This includes a fresh issue of 28,80,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Malpani Pipes And Fittings IPO?The price band for the Malpani Pipes And Fittings IPO is ₹85 - ₹90 per share.
- What are the bidding dates for the Malpani Pipes And Fittings IPO?The Malpani Pipes And Fittings IPO will open for bidding on 29 Jan 2025 and close on 31 Jan 2025.
- What is the allotment date for the Malpani Pipes And Fittings IPO?The allotment date for the Malpani Pipes And Fittings IPO is 03 Feb 2025.
- What is the minimum lot size and investment required for the Malpani Pipes And Fittings IPO?The minimum lot size for the Malpani Pipes And Fittings IPO is 1600 shares and the minimum investment required is ₹1,44,000.
- What is the listing date for the Malpani Pipes And Fittings IPO?The listing date for the Malpani Pipes And Fittings IPO is 05 Feb 2025.
- What is the Malpani Pipes And Fittings IPO grey market premium?The grey market premium (GMP) for the Malpani Pipes And Fittings IPO is currently at ₹12, with an expected listing gain of approximately 13.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.