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Shree Marutinandan Tubes IPO is a fixed price issue of Rs 14.30 crores. The issue is entirely a fresh issue of 10 lakh shares.
Shree Marutinandan Tubes IPO bidding started from January 12, 2024 and ended on January 16, 2024. The allotment for Shree Marutinandan Tubes IPO was finalized on Wednesday, January 17, 2024. The shares got listed on BSE SME on January 19, 2024.
Shree Marutinandan Tubes IPO price is ₹143 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹143,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹286,000.
Swastika Investmart Ltd is the book running lead manager of the Shree Marutinandan Tubes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree Marutinandan Tubes IPO is Swastika Investmart.
Refer to Shree Marutinandan Tubes IPO RHP for detailed information.
| IPO Date | January 12, 2024 to January 16, 2024 |
| Listing Date | January 19, 2024 |
| Face Value | ₹10 per share |
| Price | ₹143 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,000,000 shares (aggregating up to ₹14.30 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹14.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,460,000 |
| Share holding post issue | 3,460,000 |
| Market Maker portion | 50,000 shares Swastika Investmart |
Shree Marutinandan Tubes IPO offers 1,000,000 shares. 475,000 (47.50%) to NII, 475,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 50,000 (5.00%) |
| Other Shares Offered | 475,000 (47.50%) |
| Retail Shares Offered | 475,000 (47.50%) |
| Total Shares Offered | 1,000,000 (100%) |
Shree Marutinandan Tubes IPO opens on January 12, 2024, and closes on January 16, 2024.
| IPO Open Date | Friday, January 12, 2024 |
| IPO Close Date | Tuesday, January 16, 2024 |
| Basis of Allotment | Wednesday, January 17, 2024 |
| Initiation of Refunds | Thursday, January 18, 2024 |
| Credit of Shares to Demat | Thursday, January 18, 2024 |
| Listing Date | Friday, January 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 16, 2024 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2,000 | ₹286,000 |
| Lot Size Calculator | |||
Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma are the company promoters.
| Share Holding Pre Issue | 82.00% |
| Share Holding Post Issue | 58.30% |
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications.
The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
| Net Worth | 409.70 | 267.74 | 65.98 | 59.98 |
| Reserves and Surplus | 163.73 | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 607.28 | 716.90 | 688.89 | 795.31 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shree Marutinandan Tubes IPO is Rs 49.48 Cr.
| KPI | Values |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| RoNW | 75.36% |
| P/BV | 1.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.2 | 8.21 |
| P/E (x) | 17.44 | 17.42 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company posted fluctuating bottom lines for the last three fiscals with static top line for the last two fiscals. The sudden boost in its bottom lines for the last 18 months’ periods is not only raise eyebrows, but also concern over the sustainability going forward. H1-FY24 performance appears to be the window dressing and issue appears fully priced based on this performance. Peers compare is nothing but an eyewash. The tiny paid-up equity capital post-IPO indicates longer gestation for migration to main board. Read detail review...
The Shree Marutinandan Tubes IPO is subscribed 47.16 times on January 16, 2024 7:02:00 PM. The public issue subscribed 59.71 times in the retail category, times in the QIB category, and 32.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 32.67 |
| Retail | 59.71 |
| Total | 47.16 |
Total Application : 32,457 (6.83 times)
| Listing Date | January 19, 2024 |
| BSE Script Code | 544083 |
| NSE Symbol | |
| ISIN | INE0QIS01011 |
| Final Issue Price | ₹143 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹143.00 |
| ₹200.00 |
| ₹200.00 |
| ₹210.00 |
| ₹210.00 |
Shree Marutinandan Tubes Limited
A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal,
Ahmedabad – 380058
Phone: +91 079-29795873
Email: cs@shreemarutitubes.com
Website: https://www.shreemarutitubes.com/index.php
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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Check our SME IPO Guide 
Shree Marutinandan Tubes IPO is a SME IPO of 1,000,000 equity shares of the face value of ₹10 aggregating up to ₹14.30 Crores. The issue is priced at ₹143 per share. The minimum order quantity is 1000 Shares.
The IPO opens on January 12, 2024, and closes on January 16, 2024.
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 Shree Marutinandan Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Marutinandan Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Marutinandan Tubes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Marutinandan Tubes IPO opens on January 12, 2024 and closes on January 16, 2024.
Shree Marutinandan Tubes IPO lot size is 1000 Shares, and the minimum amount required is ₹143,000.
You can apply in Shree Marutinandan Tubes 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 Shree Marutinandan Tubes IPO will be done on Wednesday, January 17, 2024, and the allotted shares will be credited to your demat account by Thursday, January 18, 2024. Check the Shree Marutinandan Tubes IPO allotment status.
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