Founded in 2017, Malpani Pipes and Fittings Limited specializes in the production of high-quality plastic pipes. The IPO opened for bidding on January 29, 2025, and closed on January 31, 2025.
Malpani Pipes is launching its IPO with a total issue size of ₹25.92 crore, consisting entirely of a fresh issue of 28.80 lakh shares. The price band for Malpani Pipes IPO is ₹85 to ₹90 per share, with a minimum lot size of 1,600 shares. Retail investors need to invest at least ₹1,44,000, while High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,88,000.
The company plans to allocate the net proceeds from the issue toward key financial and operational objectives. A significant portion will be directed toward capital expenditures for acquiring new machinery, enhancing production capabilities. Additionally, part of the funds will be used to repay existing debt, improving financial stability. The remaining amount will be allocated for general corporate purposes, supporting the company’s overall growth and operational efficiency.
Malpani Pipes IPO was subscribed 146.93 times overall. The public issue saw a subscription of 113.35 times in the retail category, 58.49 times in the Qualified Institutional Buyers (QIB) segment, and 343.13 times among Non-Institutional Investors (NII).
According to Business Standard, the Grey Market Premium (GMP) for Malpani Pipes SME IPO stands at ₹2. Based on the upper price band of ₹90 per share, the estimated listing price is projected to be ₹92 per share. This reflects an anticipated 2.22% gain over the issue price.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.
Malpani Pipes and Fittings Limited, established in 2017, manufactures high-quality plastic pipes under its brand "Volstar". The company produces HDPE, MDPE, and LLDPE pipes for applications in irrigation, water supply, sewerage, drainage, and infrastructure projects like electrical cable installations. It also trades granules and PVC pipes while offering related services. Operating from Ratlam, Madhya Pradesh, its facility features 10 production lines with an annual capacity of 11,500 M.T.P.A. Malpani Pipes distribute through wholesalers, retailers, and government contractors, supplying farmers via welfare schemes.
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