| IPO date | 12 Jan 2024 – 16 Jan 2024 |
| Listing date | 19 Jan 2024 |
| Price range | 143 – 143 |
| Minimum order quantity | 1000 | (D)RHP | View |
Shree Marutinandan Tubes Limited is launching its IPO. The IPO opens for subscription on 12th January 2024 and will close on 16th January 2024.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.
What does Shree Marutinandan Tubes Limited do?
Incorporated in 2013, Shree Marutinandan Tubes Limited is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Their products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial, etc.
The company takes orders from its clients for customizable agricultural equipment based on their specific needs and requirements. Instead of manufacturing the equipment in-house, They have collaborated with Shree Kamdhenu Machinery Private Limited to manufacture the products based on the needed specifications.
The product portfolio of the company also includes an array of agricultural equipment such as potato digger machines, grader machines, hopper machines, groundnut de-stoner machines, pipe winder machines, and rotavators.
Schedule of Shree Marutinandan Tubes Limited IPO
| Issue Period | 12th January to 16th January 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 17, 2024 |
| Initiation of Refunds | January 18, 2024 |
| Credit of Shares | January 18, 2024 |
| Date of Listing | January 19, 2024 |
| Mandate end date | January 31, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | February 17, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | April 17, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Shree Marutinandan Tubes Limited IPO?
You can apply for the Shree Marutinandan Tubes Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Shree Marutinandan Tubes Limited IPO?
You can check the allotment status for the Shree Marutinandan Tubes Limited IPO on the website of the Registrar and Transfer agent.