The Shree Marutinandan Tubes IPO commenced on January 12, 2024, and concluded on January 16, 2024. The allotment of shares took place on January 17, 2024, and the initiation of refunds began on January 18, 2024. The shares were credited to the demat accounts of investors on January 18, 2024. Finally, the listing of Shree Marutinandan Tubes on the stock exchange occurred on January 19, 2024.
The Shree Marutinandan Tubes IPO was priced at ₹143 per share, with a lot size of 1000 shares. The total issue size was ₹14.30 crores, comprising a fresh issue of ₹14.30 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Shree Marutinandan Tubes IPO Basic Details
| Company Name | Shree Marutinandan Tubes Limited |
| Domain of Company | Manufacturing Tubes |
| Shree Marutinandan Tubes IPO GMP Today | ₹32 |
| Shree Marutinandan Tubes IPO Listing Gain | 22.38% |
| Shree Marutinandan Tubes IPO Open Date | January 12, 2024 |
| Shree Marutinandan Tubes IPO Close Date | January 16, 2024 |
| Shree Marutinandan Tubes IPO Allotment Date | January 17, 2024 |
| Shree Marutinandan Tubes IPO Listing Date | 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 |
| Company Promoters | Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma |
Shree Marutinandan Tubes IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹32 | 22.38% | – | – |
| 12 January 2023 | ₹32 | 22.38% | – | – |
| 11 January 2023 | ₹32 | 22.38% | – | – |
Shree Marutinandan Tubes IPO Details:
Shree Marutinandan Tubes Limited started in 2013. We specialize in selling Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in different sizes from 15NB to 1000 NB, as well as Black Tubes and Solar Structural Tubes. Our products cater to various sectors such as Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, and Engineering.
Rather than making the equipment ourselves, we partner with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company. They create our products based on the specific requirements of our customers.
Our product lineup includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, we have a team of 14 employees.
Shree Marutinandan Tubes IPO More Details Click Here
Shree Marutinandan Tubes IPO FAQs
When is Shree Marutinandan Tubes IPO open?
Shree Marutinandan Tubes IPO will open on 12 January 2024.
When is Shree Marutinandan Tubes IPO Close?
Shree Marutinandan Tubes IPO will be closed on 16 January 2024.
What is Shree Marutinandan Tubes IPO GMP Today?
The Shree Marutinandan Tubes IPO GMP aka Grey Market Premium is ₹32.
What is Shree Marutinandan Tubes IPO Kostak Rates Today?
The Shree Marutinandan Tubes IPO Kostak Rate is ₹000.
What is Shree Marutinandan Tubes IPO Subject to Sauda Price Today?
The Shree Marutinandan Tubes IPO subject to sauda rates is ₹000.
Shree Marutinandan Tubes IPO Expected Returns?
The Shree Marutinandan Tubes expected return is 22.38%.
How much will be the listing gain in Shree Marutinandan Tubes IPO?
Shree Marutinandan Tubes IPO will get listing gain of 22.38%. (Approx.)
