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Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage system, aluminium long wardrobe handle & profile handle. The company has a wide range of product offerings for different customer segments. The brand Everyday Kitchen is focused on the economic range of products, while the other brand Spitze by Everyday offers premium products. Apart from the company's own branded products, it also manufactures products for big companies like Godrej, Hafele India, Kaff Appliances, Walmart, Homelane, Livespace, Spacewood, etc.
All products manufactured by MIPL are designed in-house and the company has marketing and distribution network across India. MPIL has an online presence selling direct to customers via online, e-commerce platforms like Amazon and Flipkart. With an eye on the direct customers, the company has also developed Do it yourself (DIY) products.
MIPL's factory is spread across approx. 1,00,000 sq. ft in Gujarat. The company has 300+ dealers and 25+ distributors PAN India. It also has distributors in Uganda. The company is also in process of tying up for oven wire shelf with one company in Austria.
Competitive Strengths:
The IPO aims to utilize the net proceed for the following objectives;
| IPO Date | Feb 3, 2022 to Feb 8, 2022 |
| Listing Date | Feb 16, 2022 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,000,000 shares (aggregating up to ₹11.00 Cr) |
| Fresh Issue | 2,000,000 shares (aggregating up to ₹11.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 950000 |
| Retail Shares Offered | 950000 |
| Market Maker portion | 100,000 shares |
| Total Shares Offered | 1,900,000 |
Maruti Interior IPO opens on Feb 3, 2022, and closes on Feb 8, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 3, 2022 |
| Closing Date | Feb 8, 2022 |
| Basis of Allotment | Feb 11, 2022 |
| Initiation of Refunds | Feb 14, 2022 |
| Credit of Shares to Demat | Feb 15, 2022 |
| Listing Date | Feb 16, 2022 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Maruti Interior IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| Lot Size Calculator | |||
Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria are the company promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.51% |
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 176.66 | 148.62 | 135.85 | ||
| Total Revenue | 114.75 | 152.34 | 181.87 | ||
| Profit After Tax | 16.49 | 15.45 | 22.88 | ||
[Dilip Davda] MIPL is operating in a highly competitive and fragmented segment. It has posted an average financial performance so far. With the new product launch, it has bright prospects going forward. Based on FY22 earnings, the issue is fully priced. Cash surplus investors may consider investment with a long term perspective. Read detail review...
The Maruti Interior IPO is subscribed 73.42 times on Feb 8, 2022 6:50:00 PM. The public issue subscribed 39.81 times in the retail category, times in the QIB category, and 107.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 107.03 |
| Retail | 39.81 |
| Total | 73.42 |
| Listing Date | Feb 16, 2022 |
| BSE Script Code | 543464 |
| NSE Symbol | |
| ISIN | INE0JSJ01014 |
| IPO Price | ₹55 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹55.00 |
| ₹68.50 |
| ₹68.50 |
| ₹71.90 |
| ₹71.90 |
Maruti Interior Products Limited
Plot No. 13, , Jay Krishna Industrial Estate,
Veraval, Taluka Kotda Sangani Veraval,
Gujarat - 360024
Phone: +91-2827 253895
Email: compliance@everyday-india.com
Website: https://spitzebyeveryday.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Maruti Interior IPO is a SME IPO of 2,000,000 equity shares of the face value of ₹10 aggregating up to ₹11.00 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on Feb 3, 2022, and closes on Feb 8, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Maruti Interior IPO using UPI as a payment gateway. Zerodha customers can apply in Maruti Interior IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maruti Interior IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maruti Interior IPO opens on Feb 3, 2022 and closes on Feb 8, 2022.
Maruti Interior IPO lot size is 2000 Shares and the minimum order quantity is .
You can apply in Maruti Interior IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Maruti Interior IPO will be done on Feb 11, 2022, and the allotted shares will be credited to your demat account by Feb 15, 2022. Check the Maruti Interior IPO allotment status.
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