Malpani Pipes and Fitting, manufactures high-grade plastic pipes under the brand name, “Volstar”. It manufactures various products such as High-density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, sprinkler pipes, and drip pipes.
Its manufacturing plant is located in Ratlam, Madhya Pradesh, and also has warehouse in Bhiwandi and Amravati. The company sells products to wholesalers and retailers, and supplies pipes for government projects. It serves customers across industries; Irrigation, Telecommunication, Industrial, Infra, and Housing.
Malpani Pipes and Infra Solutions IPO open date is January 29, 2025 and the IPO will close on January 31, 2025. Malpani Pipes IPO price band is ₹85 to ₹90 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Malpani Pipes IPO to list on BSE on February 3, 2025. The allotment of Malpani Pipes IPO date is February 5, 2025. The company reported revenue of ₹141.16 crores in 2024 against ₹82.57 crore in 2023. The company reported profit of ₹7.40 crores in 2024 against Profit of ₹2.08 crores in 2023.
Malpani Pipes and Infra Solutions IPO Details
| IPO Open Date: | January 29, 2025 |
| IPO Close Date: | January 31, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Share |
| Issue Size: | Approx ₹25.92 Crores |
| Fresh Issue: | Approx ₹25.92 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Malpani Pipes IPO Timeline
| IPO Open Date: | January 29, 2025 |
| IPO Close Date: | January 31, 2025 |
| Basis of Allotment: | February 3, 2025 |
| Refunds: | February 4, 2025 |
| Credit to Demat Account: | February 4, 2025 |
| IPO Listing Date: | February 5, 2025 |
Malpani Pipes SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹85.00-90.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹288000 |
Malpani Pipes and Fittings Limited: In-Depth Financial Overview
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 90.76 | 61.35 | 38.94 | 21.3 |
| Revenue | 84.55 | 141.16 | 82.57 | 34.94 |
| Profit After Tax | 5.09 | 7.4 | 2.08 | 0.89 |
| Net Worth | 19.73 | 14.77 | 5.83 | 3.76 |
| Reserves and Surplus | 12.04 | 12.42 | 3.9 | 1.83 |
| Total Borrowing | 35.74 | 30.29 | 19.59 | 8.98 |
