Malpani Pipes And Fittings IPO Closed
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Schedule of Malpani Pipes And Fittings
| Issue open date | 29 Jan 2025 |
| Issue close date | 31 Jan 2025 |
| UPI mandate deadline | 31 Jan 2025 (5 PM) |
| Allotment finalization | 03 Feb 2025 |
| Refund initiation | 04 Feb 2025 |
| Share credit | 04 Feb 2025 |
| Listing date | 05 Feb 2025 |
| Mandate end date | 15 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 05 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 04 May 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Malpani Pipes And Fittings
Incorporated in 2017, Malpani Pipes & Fittings Limited manufactures High-Density Polyethylene (HDPE), Medium-Density Polyethylene (MDPE), and Linear Low-Density Polyethylene (LLDPE) pipes, primarily for water supply, irrigation, and infrastructure projects. Based in Ratlam, Madhya Pradesh, the company operates a manufacturing plant with a capacity of 11,500 M.T.P.A. It supplies products to wholesalers, retailers, and government projects. Its client base includes companies such as GR Infra Projects Ltd. and JWIL Infra Limited. The company has developed expertise in providing pipes for various applications and operates across multiple regions in India.
Financials of Malpani Pipes And Fittings
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.92 crores |
| Fresh Issue | ₹25.92 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | Upto 3.5 (13.50%) |
| Debt Repayment | Upto 17.00 (65.60%) |
Strengths
- Broad distribution network across India, operating in 16 states.
- Manufacturing facility in Ratlam, strategically located to serve key markets.
- Diverse product range, including HDPE, MDPE, and LLDPE pipes, and irrigation solutions.
- Manufacturing facility certified under ISO 9001:2015, with in-house testing for quality assurance.
- Experienced leadership team with expertise in manufacturing, marketing, and financial management.
Risks
- Delays in equipment orders may cause cost overruns.
- Loss of major customers could hurt revenue.
- Raw material cost hikes or shortages may affect pricing.
- Changing plastic product regulations may impact operations.
- Transportation dependency may disrupt supply and delivery.
- Intense competition could affect market share.
Allotment Status for Malpani Pipes And Fittings
To check your allotment status – click here.
Subscription Figures for Malpani Pipes And Fittings
Subscription numbers as of 5:00 PM on 31 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.58 | 326.60 | 58.49x |
| HNI (₹2L+) | 5.61 | 1429.00 | 254.45x |
| Retail (upto ₹2L) | 9.60 | 1092.38 | 113.79x |
| Total | 20.80 | 2848.00 | 136.92x |