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Maruti Interior IPO is a fixed price issue of Rs 11.00 crores. The issue is entirely a fresh issue of 20 lakh shares.
Maruti Interior IPO bidding started from February 3, 2022 and ended on February 8, 2022. The allotment for Maruti Interior IPO was finalized on Friday, February 11, 2022. The shares got listed on BSE SME on February 16, 2022.
Maruti Interior IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Maruti Interior IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Maruti Interior IPO RHP for detailed information.
| IPO Date | February 3, 2022 to February 8, 2022 |
| Listing Date | February 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 |
| Market Maker portion | 100,000 shares |
Maruti Interior IPO offers 2,000,000 shares. 950,000 (47.50%) to NII, 950,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 100,000 (5.00%) |
| Other Shares Offered | 950,000 (47.50%) |
| Retail Shares Offered | 950,000 (47.50%) |
| Total Shares Offered | 2,000,000 (100%) |
Maruti Interior IPO opens on February 3, 2022, and closes on February 8, 2022.
| IPO Open Date | Thursday, February 3, 2022 |
| IPO Close Date | Tuesday, February 8, 2022 |
| Basis of Allotment | Friday, February 11, 2022 |
| Initiation of Refunds | Monday, February 14, 2022 |
| Credit of Shares to Demat | Tuesday, February 15, 2022 |
| Listing Date | Wednesday, February 16, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 8, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.51% |
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:
| 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 | ||
The market capitalization of Maruti Interior IPO is Rs 41.53 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.59 |
The IPO aims to utilize the net proceed for the following objectives;
[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 February 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 | February 16, 2022 |
| BSE Script Code | 543464 |
| NSE Symbol | |
| ISIN | INE0JSJ01014 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue 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://ipo.bigshareonline.com/ipo_status.html
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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 February 3, 2022, and closes on February 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 February 3, 2022 and closes on February 8, 2022.
Maruti Interior IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
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 Friday, February 11, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 15, 2022. Check the Maruti Interior IPO allotment status.
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