Shree Marutinandan Tubes IPO Details ( Shree Marutinandan Tubes Limited IPO Review )
(12 Jan 2024 – 16 Jan 2024)
Shree Marutinandan Tubes Limited started in 2013 and specializes in different types of tubes like Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS), and Black Tubes. These tubes come in various sizes from 15NB to 1000 NB and are used in Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering, and other sectors.
Instead of making the equipment themselves, the company partners with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company. This allows them to create products tailored to the customer’s needs.
The company’s product range is quite diverse, including potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
Shree Marutinandan Tubes Limited IPO Competitive Strength
- Experienced Promoter and Management Team
- Quality Products
- Diversified Product Range
- Locational Advantage
- Established sales and distribution network in all over India
Shree Marutinandan Tubes IPO Financials Performance ( Results )
Shree Marutinandan Tubes Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,301.03 | 3,597.28 | 13.30 | 6.49 | 59.98 | 39.48 | 795.31 |
| 31-Mar-22 | 1,284.83 | 4,718.49 | 6.01 | 2.93 | 65.98 | 45.48 | 688.89 |
| 31-Mar-23 | 1,617.60 | 4,722.58 | 201.76 | 98.42 | 267.74 | 247.24 | 716.90 |
| 30-Sep-23 | 2,234.29 | 4,284.64 | 141.99 | 5.77 | 409.70 | 163.73 | 607.28 |
Objective of Shree Marutinandan Tubes IPO Issue
- To Meet Incremental Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Shree Marutinandan Tubes IPO Basic Details
| IPO Date | Jan 12, 2024 to Jan 16, 2024 |
| Listing Date | Friday, January 19, 2024 |
| Face Value | ₹10 per share |
| Price | ₹143 per share |
| Lot Size | 1000 Shares |
| Issue Size | 1,000,000 shares of ₹10 (aggregating up to ₹14.30 Cr) |
| Fresh Issue | 1,000,000 shares of ₹10 (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 |
| Company Promoters | Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma |
Shree Marutinandan IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Shree Marutinandan IPO Timetable
Shree Marutinandan IPO will open on January 12, 2024 and close on January 16, 2024. You can join Shree Marutinandan IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 January 2024 (Friday) |
| Closing Date | 16 January 2024 (Tuesday) |
| Basis of Allotment | 17 January 2024 (Wednesday) |
| Initiation of Refunds | 18 January 2024 (Thursday) |
| Credit of Shares to Demat | 18 January 2024 (Thursday) |
| Listing Date | 19 January 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 16 January 2024 |
Shree Marutinandan IPO Lot Size
For retail investors in Shree Marutinandan IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹143,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹143,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| S-HNI (Min) | 2 | 2000 | ₹286,000 |
Shree Marutinandan Tubes IPO Promoter Holding
The company’s promoters include Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma.
| Pre Issue Share Holding | 82.00% |
| Post Issue Share Holding | 58.30% |
Shree Marutinandan Tubes Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 49.48 |
| Earning Per Share (EPS) | ₹98.42 per Equity Share |
| Net Asset Value (NAV) | ₹130.60 per Equity Share |
| P/E Ratio (P/E) (x) | 17.44 |
| Post P/E Ratio (P/E) (x) | 17.42 |
| Return on Net Worth (RoNW) (%) | 75.36 |
| Return on equity (ROE) (%) | 120.91 |
| Return on Capital Employed (ROCE) (%) | 78.52 |
| Debt/Equity Ratio | 2.68 |
| Price/Book Value Ratio | 1.09 |
Shree Marutinandan Tubes Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Shree Marutinandan Tubes Limited | Standalone | 10.00 | 8.20 | 17.44 | 75.36 | 130.60 |
| Peer Group | ||||||
| Swastik Tubes Limited | Standalone | 10.00 | 4.53 | 17.51 | 4.40 | 89.67 |
| Hi Tech Pipes Limited | Standalone | 1.00 | 2.35 | 33.98 | 7.87 | 28.09 |
| APL Apollo Tubes Limited | Standalone | 2.00 | 18.47 | 65.26 | 19.91 | 13.25 |
Shree Marutinandan Tubes IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹12 | – | – |
| 16 January 2024 | ₹12 | – | – |
| 15 January 2024 | ₹12 | – | – |
| 14 January 2024 | ₹32 | – | – |
| 13 January 2024 | ₹32 | – | – |
| 12 January 2024 | ₹32 | – | – |
| 11 January 2024 | ₹32 | – | – |
Shree Marutinandan Tubes IPO Detail Video:
link
Shree Marutinandan Tubes IPO Subscription Status (Bidding Detail)
The Shree Marutinandan Tubes IPO on January 16, 2024 at 7:30:00 PM was subscribed 47.16 times, with the retail category being subscribed 59.71 times, the other category being subscribed 32.67 times.
| Category | Subscription |
| Other | 32.67x |
| Retail | 59.71x |
| Total | 47.16x |
Shree Marutinandan Tubes IPO Prospectus
| Shree Marutinandan Tubes IPO DRHP | Download |
| Shree Marutinandan Tubes IPO RHP | Download |
| Shree Marutinandan Tubes IPO Anchor Investors Details PDF | Download |
Shree Marutinandan Tubes IPO Rating
| Our Rating | 3.0/5.0 |
Shree Marutinandan Tubes Company Contact Information
Shree Marutinandan Tubes Limited
Registered office: A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal Ahmedabad, (G.J.) – 380058.
Website: www.shreemarutitubes.com
E-Mail: cs@shreemarutitubes.com
Telephone No: +91 079-29795873
Company Secretary and Compliance Officer: Ms. Pooja Mangal
Promoters of the Company: Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma and Mrs. Kusumlata Shivratan Sharma
Shree Marutinandan Tubes IPO Registrar
Bigshare Services Private Limited
SEBI Registration Number: INR000001385
Address: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri – [East], Mumbai – 400093, Maharashtra, India
Tel. Number: +91 22 6263 8200
Email Id: ipo@bigshareonline.com
Investors Grievance Id: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed.
Shree Marutinandan Tubes IPO Lead Manager
Swastika Investmart Limited
SEBI Registration Number: INM000012102
Registered Office: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd
Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058 (Maharashtra).
Merchant Banking Division Address: 48 Jaora Compound, M.Y.H Road, Indore (MP) – 452001
Telephone Number: +91-22-26254568-69 / 0731-6644244
Email Id: merchantbanking@swastika.co.in
Investors Grievance Id: mb.investorgreivance@swastika.co.in
Website: www.swastika.co.in
Contact Person: Mr. Mohit R. Goyal
CIN: L65910MH1992PLC067052
Shree Marutinandan Tubes IPO FAQs
What is the lot size of Shree Marutinandan Tubes IPO?
The total size of Shree Marutinandan Tubes IPO is ₹14.30 crores and this is a complete fresh Issue.
When will Shree Marutinandan Tubes IPO start?
Shree Marutinandan Tubes IPO will open from 12 January 2024 and IPO will close on 16 January 2024.
What is the open date of Shree Marutinandan Tubes IPO?
Shree Marutinandan Tubes IPO will open date from 12 January 2024.
What is the last date ( close date ) of Shree Marutinandan Tubes IPO?
Shree Marutinandan Tubes IPO will close from 16 January 2024.
What is the price band of Shree Marutinandan Tubes IPO?
Shree Marutinandan Tubes IPO price band is ₹143.
What is the minimum amount required to apply for Shree Marutinandan Tubes IPO?
The minimum investment for retailers to apply for Shree Marutinandan Tubes IPO is ₹143,000 and the maximum investment is ₹143,000.
What is going on gray market premium of Shree Marutinandan Tubes IPO?
View gray market premium of Shree Marutinandan Tubes IPO by Clicking Here
How much is the GMP of Shree Marutinandan Tubes IPO?
Watch Shree Marutinandan Tubes IPO GMP Today: Click Here
What is the allotment date of Shree Marutinandan Tubes IPO?
The allotment date of Shree Marutinandan Tubes IPO is 17 January 2024.
How to check allotment status in Shree Marutinandan Tubes IPO?
To check the allotment status of Shree Marutinandan Tubes IPO, first of all go to the registrar website by clicking here, select your bad Shree Marutinandan Tubes IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Shree Marutinandan Tubes IPO?
The listing date of Shree Marutinandan Tubes IPO is 19 January 2024.
How much will be the listing gain in Shree Marutinandan Tubes IPO?
View listing gain of Shree Marutinandan Tubes IPO by Clicking Here
How much time Shree Marutinandan Tubes IPO is subscribed?
Total 47.16 times subscribed in Shree Marutinandan Tubes IPO out of which 59.71 times subscription was done in retail quota, 32.67 times subscription in other quota.
How to apply for Shree Marutinandan Tubes IPO from Upstox?
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How to apply for Shree Marutinandan Tubes PO from Zerodha?
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How to apply for Shree Marutinandan Tubes IPO from Angle One?
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