The Shree Marutinandan Tubes has been confirmed from January 12, 2024 and closes on January 16, 2024.
Shree Marutinandan Tubes Developers IPO is a fixed price issue of Rs 14.30 crores. The 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.
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Bidding Dates
January 12-16
Price Range
₹143 per share
Face Value
₹10 per share
GMP
₹17
Shree Marutinandan Tubes IPO GMP
The Shree Marutinandan Tubes IPO GMP is ₹17.
IPO Overview
Shree Marutinandan Tubes’ IPO is a fixed-price offering of Rs 14.30 crore. The offering is wholly new, consisting of 10 lakh shares. Shree Marutinandan Tubes’ initial public offering (IPO) will begin on January 12, 2024 and end on January 16, 2024. The allotment for the Shree Marutinandan Tubes IPO is expected to be completed on Wednesday, January 17, 2024. Shree Marutinandan Tubes’ IPO will be listed on the BSE SME, with a tentative listing date of Friday, January 19, 2024.
The Shree Marutinandan Tubes IPO allotment is expected to be completed on Thursday, January 4, 2024. The IPO of Shree Marutinandan Tubes will be listed on the NSE SME on Monday, January 8, 2024. The organisation has a main office in New Delhi and a regional office in Chennai, and it provides services throughout Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan. The company employs 142 people in total. Shree Marutinandan Tubes’ IPO price is ₹143 per share. The minimum lot size for an application is 1000 shares. The minimum investment for retail investors is ₹143,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹286,000.
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 |
Shree Marutinandan Tubes Limited Financial Information
| 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 |
Shree Marutinandan Tubes IPO Timeline
| 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 |
Company Profile
Shree Marutinandan Tubes Limited, founded in 2013, manufactures galvanised tubes, electrical resistance welded mild steel tubes (ERW MS) in a variety of specifications and sizes ranging from 15NB to 1000NB, as well as black tubes and solar structural tubes for industries such as agriculture, oil, solar energy, healthcare, housing, irrigation, and engineering. The company does not build the equipment directly, but rather collaborates with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to produce the products
according to the customer’s requirements. The company’s other products include potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators. As of December 25, 2023, the company had 14 employees.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shree Marutinandan Tubes Limited |
| Phone number | +91 079-29795873 |
| Email ID | cs@shreemarutitubes.com |
| Website | shreemarutitubes.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
