The Shree Marutinandan Tubes IPO started on January 12, 2024, and ended on January 16, 2024. Shares were allocated on January 17, 2024, and refund processes began on January 18, 2024. On January 18, 2024, the shares were credited to investors demat accounts. Shree Marutinandan Tubes was officially listed on the stock exchange on January 19, 2024.
During the IPO, Shree Marutinandan Tubes offered shares at a price range of ₹143 per share, and the lot size was 1000 shares. The total issue size was ₹14.30 crores, with ₹14.30 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Shree Marutinandan Tubes IPO Subscription Update Video
Shree Marutinandan Tubes IPO Subscription Status
The Shree Marutinandan Tubes IPO on January 16, 2023 was subscribed 5.18 times, with the retail category being subscribed 6.69 times, the other category being subscribed 3.67 times.
| Category | Subscription |
| Other | 32.67x |
| Retail | 59.71x |
| Total | 47.16x |
Shree Marutinandan Tubes IPO Basic Details
| Company Name | Shree Marutinandan Tubes Limited |
| Domain of Company | Manufacturing Tubes |
| 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 |
About Shree Marutinandan Tubes Limited
Shree Marutinandan Tubes Limited was established in 2013. We specialize in dealing with different types of tubes, including Galvanized Tubes and Electrical Resistance Welded Mild Steel Tubes (ERW MS). Our tubes come in various specifications and sizes, ranging from 15NB to 1000 NB. We also offer Black Tubes and Solar Structural Tubes for sectors such as Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering, and more.
Instead of manufacturing the equipment ourselves, we collaborate with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company. This partnership allows us to produce products tailored to the specific requirements of our customers.
Our product range extends beyond tubes and includes items like potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, our company is proud to have 14 dedicated employees.
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Shree Marutinandan Tubes IPO FAQs
What is the start and end date of Shree Marutinandan Tubes IPO Subscription?
The Shree Marutinandan Tubes IPO started on January 12, 2024 and ended on January 16, 2024.
When does Shree Marutinandan Tubes IPO Subscription open?
The Shree Marutinandan Tubes IPO open on January 12, 2024.
When does Shree Marutinandan Tubes IPO Subscription close?
The Shree Marutinandan Tubes IPO Close on January 16, 2024.
What is the allotment date of Shree Marutinandan Tubes IPO?
The allotment date for Shree Marutinandan Tubes IPO is January 17, 2024.
When is the initial refund date of Shree Marutinandan Tubes IPO?
The initial Refund date for Shree Marutinandan Tubes IPO is January 18, 2024.
When were the shares credited to investors demat accounts for the Shree Marutinandan Tubes IPO?
The shares for the Shree Marutinandan Tubes IPO were credited to investors demat accounts on January 18, 2024.
When will Shree Marutinandan Tubes IPO be listed on the stock market?
Shree Marutinandan Tubes IPO stock market will be listed on January 19, 2024 at 10 am.
What was the price range of the Shree Marutinandan Tubes IPO shares?
The Shree Marutinandan Tubes IPO shares were offered at a price range of ₹143 per share.
What was the lot size for the Shree Marutinandan Tubes IPO shares?
The lot size for the Shree Marutinandan Tubes IPO shares was 1000 shares.
What was the total issue size of the Shree Marutinandan Tubes IPO?
The total issue size of the Shree Marutinandan Tubes IPO was ₹14.30 crores.
How were the shares allocated among different types of investors for the Shree Marutinandan Tubes IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Shree Marutinandan Tubes IPO listed?
The Shree Marutinandan Tubes IPO was listed on the BSE SME.
What is the Shree Marutinandan Tubes IPO Subscription Status?
Shree Marutinandan Tubes IPO is subscribed 47.16 Times.
