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Maruti Interior Products Limited IPO (Maruti Interior IPO) Detail

Feb 3, 2022 - Feb 8, 2022

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:

  • High quality and varied manufacturing capability
  • Experienced & skilled marketing team
  • Online marketing and sales of products
  • Prestigious awards and recognition
  • Ambitious expansion plans
  • Experienced promoters and a well-trained employee base

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The IPO aims to utilize the net proceed for the following objectives;

  • To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant
  • Working capital requirements
  • General corporate purpose

Maruti Interior IPO Details

Maruti Interior IPO Date Feb 3, 2022 to Feb 8, 2022
Maruti Interior IPO Face Value ₹10 per share
Maruti Interior IPO Price ₹55 per share
Maruti Interior IPO Lot Size 2000 Shares
Issue Size2,000,000 shares of ₹10
(aggregating up to ₹11.00 Cr)
Fresh Issue2,000,000 shares of ₹10
(aggregating up to ₹11.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria are the company promoters.

Maruti Interior IPO Timeline (Tentative Timetable)

Maruti Interior IPO opens on Feb 3, 2022, and closes on Feb 8, 2022. The Maruti Interior IPO bid date is from Feb 3, 2022 10.00 A.M. to Feb 8, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Maruti Interior IPO Opening Date Feb 3, 2022
Maruti Interior IPO 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
Maruti Interior IPO Listing Date Feb 16, 2022

Maruti Interior IPO Lot Size

The Maruti Interior IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).

Application Lots Shares Amount
Minimum 1 2000 ₹110,000
Maximum 1 2000 ₹110,000

Maruti Interior IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 73.51%

Maruti Interior IPO Review

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...


Maruti Interior IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII107.03
Retail39.81
Total73.42

Maruti Interior IPO Prospectus

Maruti Interior IPO Rating

478
4.2
Rating:Rated 4.2 stars
Vote Here ...

Maruti Interior IPO Listing Date

Listing Date Wednesday, February 16, 2022
BSE Script Code 543464
NSE Symbol
Listing In MT Group of Securities
ISIN INE0JSJ01014
IPO Price ₹55 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹55.00
₹68.50
₹68.50
₹71.90
₹71.90

Company Contact Information

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/

Maruti Interior IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Maruti Interior IPO Review

Maruti Interior IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Maruti Interior IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Maruti Interior IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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, Edelweiss, 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.

The Maruti Interior IPO listing date is on Wednesday, February 16, 2022.
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Maruti Interior IPO Message Board

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627 Comments

209. True IPO Lover |   Link |Apr 1, 2022 1:34:59 AM
Sold only available one lot @59.50.
208. RAKA GANGAPUR |   Link |Mar 29, 2022 1:42:52 PM
Why It Is Going Down Day By Day
207. ANANDA PRAJAPATI |   Link |Mar 23, 2022 10:17:31 PM
maruti interior view please for 1 year

206. Maulik Patel Lali |   Link |Mar 4, 2022 10:28:26 AM
@Maruti interior (MIPL) near lower price @ 58.5...should it touch @ lower circuit @52.8 today? Hope it's recover....
205. Alwayslucky |   Link |Mar 2, 2022 8:43:03 PM
Tomorrow onwards, Circuit filter revised to 20% may be tomorrow it will cheer it.
204. Kk shah |   Link |Mar 2, 2022 4:57:47 PM
Why promotre holding lockin
203. MehulStk |   Link |Feb 28, 2022 8:36:46 AM
Top Contributor Top Contributor (200+ Posts)
Showing some resistant today, it should show reverse trend from today or tomorrow if maker show some supports. figure cross 🤞
202. IPO Mitr |   Link |Feb 28, 2022 1:16:55 AM
Company's Fortune are connected to Real Estate. Builders need to be able to increase prizes to offset increased input costs (due to elevated oil prices and otherwise as well) to survive. If they are unable to pass on increased costs to buyers immediately, will put a significant pressure on their margin in the current environment. Increasing interest rates and no additional tax benefit offered in the budget.....have already reduced the probability of any miracle in real estate demand in short term.

Already reduced our exposure significantly and will look to exit completely soon. May reenter again if stock gives better opportunity in future and overall financial market remains stable.
202.1. IPO Mitr |   Link |Apr 3, 2022 1:11:09 AM
Reduced our exposure at the right time and despite the continuous fall, not in a hurry to add more at this stage. Happy to wait N watch mostly on sidelines for now.
201. Dinesh Singh |   Link |Feb 21, 2022 2:51:06 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
It will go below issue price like Precision very soon if market corrects.
There will be great chance to board on this at that level.
201.3. True IPO Lover |   Link |Feb 26, 2022 3:31:09 PM
Even it goes under issue price, I believe, it will make a strong comeback.
Financials and business model also good, what's more.
201.4. Maulik Patel Lali |   Link |Feb 27, 2022 10:40:00 AM
Yes @Dinesh singh I think great chance to board @ Rs 55 to 60 Maruti Interior Products Ltd.
200. IPO Mitr |   Link |Feb 26, 2022 2:39:02 AM
Please share if you have any info/links about Q3 FY22 results of Maruti Interiors ...........,..Thanks
199. Maulik Patel Lali |   Link |Feb 21, 2022 12:01:25 PM
@lokes, @noorul, Sir, what is yr stretegy? Hold or sell? If hold, what is yr expected price?
199.2. Noorul |   Link |Feb 21, 2022 5:19:35 PM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Holding it. Today market went down.. all the scripts were feeling heat. I believe this company is fundamental very strog and at justified price.
199.3. Blick |   Link |Feb 26, 2022 4:26:15 AM
Yes 3 story
198. shareHunterz |   Link |Feb 24, 2022 10:12:18 AM
Hello @noorul, @lokes, @Mravi and other experts,
I want to invest around 5 lacs in SME in this sentimental market. I can stay invested for up to 1 year or even more for good performing company.
Could you please suggest me appropriate price to invest in few recent good SMEs.
198.4. krupa |   Link |Feb 24, 2022 4:29:37 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
@shareHunterz
Apply new good sme ipo in diffin retail category
If alloted sell
198.5. Blick |   Link |Feb 26, 2022 4:23:34 AM
Do not invest, keep your money out. 1 year horizon might not be enough in tough times brother!
197. True IPO Lover |   Link |Feb 25, 2022 5:52:53 PM
Yeah, it's a good stock and daily it is going down just because of the panic between sensitive holders. Waiting for the turn to start UC festival. Holding it.
197.1. K.Atar |   Link |Feb 25, 2022 6:54:29 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Have seen that those who don't own the stock give selling target taking advantage of their tag. Very irresponsible behavior.
It has almost double subscription than Nupur and have much growth scope so logo ne nazar laga diya.
197.2. K.Atar |   Link |Feb 25, 2022 9:55:11 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Recently Someone said these :
1. For me the real value of abc company's share is 123 for example and lo investors k bure din shuru
2. From tomorrow there will LC in xy company's share lo ulti chaal chalna shuru.
3. YZ Co is good so those who have listing gain will start selling till ipo price comes so that they can enter it.
-> Guys, Whether you are aware or not but this forum is visited by hundred of thousands of visitors including market makers so keep your opinion to yourself or if you want to inform us in good faith then inform in such a way so that we are not at the receiving end of misfortune.
-> I know here few highly gifted men, those are really men of high caliber who can make or destroy anything but they keep their view moderate and disguise it in such a way so that we all can exit/enter safely.

No one should be offended by above but ponder over that your gain shouldn't become someone's bane.
Thanks
196. IPO Mitr |   Link |Feb 25, 2022 7:40:48 PM
Wish to understand from investors on the forum who are not prejudiced with their previous buy/sell decisions, the following:

1. Why it is irresponsible when some one shares anything NOT SO POSITIVE about the stock?
2. Why and how someone can so conclusively judge and state in the public forum that person sharing the NOT SO POSITIVE about the stock, doesn't own the stock?
3. Why it is not irresponsible when someone shares only POSITIVE FUTURE for the stock just because he/she owns the stock?
4. Why it is not irresponsible when someone already owning the stock doesn't even allow the alternative opinions about the stock to appear and respected in the public forums and openly form smaller sub-groups and ridicules and mock others.......
5. Why it is so difficult for all of us to respect diverse opinions and learn to use diverse opinions for their own and others benefit?
6. Why it is not irresponsible for some select few to openly and brazenly propagate ..that either you speak my words or you are my enemy?
7. Why it is not irresponsible for individual investors to have an investment methodology which is so sensitive that few comments on social media forum in either directions can de-stabilize their investment so easily?

IMHO, any online public forum will thrive only when we learn to respect diversity of opinion without prejudice and learn to co-exist peacefully and benefit from each other.
195. IPO Mitr |   Link |Feb 25, 2022 2:04:12 PM
What is interesting to note is that Maruti Interior and DJ Media are rare SME stocks which did not recover a bit despite 2.56% Nifty rise today while most others have risen handsomely? Is there any news about Maruti Interiors which is adverse......?
195.1. Maulik Patel Lali |   Link |Feb 25, 2022 3:47:02 PM
It's fully operater base stock...we can't do anything right now....only watch stock down its issue price....and also create panic by allotted members who support for LC.
195.2. Denim |   Link |Feb 25, 2022 4:59:19 PM
No one will buy if there is lakhs of sell order is there at LC, when seller understand there is no use of placing sell order at LC daily then buyer will come, i think best chance of recovery at Wednesday when circuit limit change to 10 or 20% and like vivo it will recover.
i am holding 2 lots and believing in maruti because of experts view of forum and subscription figure
194. krupa |   Link |Feb 25, 2022 11:46:18 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Lc not open before ipo price
Fully operator base stock
193. Thakral |   Link |Feb 23, 2022 12:37:15 PM
I have got 1 lot of Maruti Interior Products ltd. But i have not sell till now... Daily it is going down...Should i hold it or may exit as lower circuit be opened.
193.1. True IPO Lover |   Link |Feb 25, 2022 9:05:05 AM
Me too holding 😢
192. shareHunterz |   Link |Feb 24, 2022 7:53:08 PM
I have been watching nupur, but its price 3.5 times costlier than IPO price. I am just at beginner and don't know how to know better price to entry/exit.

I earned more than 300% average profit in one year for the investments done during pandemic. I am again planning to take opportunity of global sentiment, this time by adding SMEs in the portfolio.
191. MehulStk |   Link |Feb 23, 2022 8:49:32 AM
Top Contributor Top Contributor (200+ Posts)
When we can aspect it to stop the lower circuit ? I Hope it won't go the way like Precision.
191.1. MehulStk |   Link |Feb 23, 2022 8:53:49 AM
Top Contributor Top Contributor (200+ Posts)
If someone missed to buy at listing price its available now :)
190. RAKA GANGAPUR |   Link |Feb 21, 2022 12:54:34 PM
@ K.Atar
What to do now with this ?
now it has stared Lower circuit
190.1. K.Atar |   Link |Feb 21, 2022 4:30:23 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Definitely, gonna hold it. Those who can't withstand some loss or want to earn short term profit. May exit at this level.