Maruti Interior Product IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the Maruti Interior Products IPO release date, IPO offer price, subscription, Maruti Interior Products IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 55 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Feb 16, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1100 Lakhs |
| IPO Size | Rs 1100 Lakhs |
| Tick Size | 1 |
Maruti Interior Products IPO is listed at a Rs.45 premium. Check out the live share price by clicking on the below link.
| Live Performance – Maruti Interior Products Share Price |
Maruti Interior Products IPO – Summary
Their company was incorporated as Ravi Bearings Pvt. Ltd. under the provisions of Companies Act, 1956 with the Registrar of Companies, Ahmedabad bearing Registration No. 031719 of 1996-1997 and the certificate of incorporation was issued by the Registrar of Companies at Ahmedabad. Name of the company was changed to Maruti Interior Products Pvt. Ltd. vide resolution dated April 8, 2000 and a fresh certificate of incorporation consequent on change in name was issued by the registrar of companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad dated May 12, 2000.
The Promoter of this company is Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria. The lead manager to the issue is ISK ADVISORS PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PVT. LTD.
Maruti Interior Products IPO Date
The opening and the closing date of Maruti Interior Products IPO are Feb 3, 2022 and Feb 8, 2022 Respectively.
Maruti Interior Products IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 3rd Feb | 0.42x | 2.20x | 1.31x |
| 2nd Day – 4th Feb | 0.64x | 4.68x | 2.66x |
| 3rd Day – 7th Feb | 2.01x | 10.91x | 6.46x |
| 4th Day – 8th Feb | 107.03x | 39.81x | 73.42x |
| Shares Offered or Net Issue | 950,000 | 950,000 | 1,900,000 |
The shares subscribed by the public will be updated here.
Check Maruti Interior Products IPO LIVE Subscription
- Maruti Interior Products IPO LIVE Bid details on BSE
- Maruti Interior Products IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Maruti Interior Products IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Maruti Interior Products Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 11, 2022 |
| Refunds Initiation | Feb 14, 2022 |
| Credit of Shares to Demat Account | Feb 15, 2022 |
| Share Listing Date | Feb 16, 2022 |
Maruti Interior Products IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.55
Maruti Interior Products IPO Equity Size
This Initial Public Issue of 20,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.55 per equity share aggregating to Rs.1100 Lakhs.
Maruti Interior Products IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,000,000 Equity Shares of Rs.10/ each.
Issue Size: 2,000,000 Equity Shares of Rs.10 each, aggregating to Rs.1100 Lakhs
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Maruti Interior Products IPO – Live Performance
The listing date of this IPO is Feb 16, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Maruti Interior Products Share Price |
Maruti Interior Products IPO Grey Market Premium
The Maruti Interior Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Maruti Interior Products IPO – Company Overview
Their company was incorporated as Ravi Bearings Private limited on February 14, 1997 under Companies Act, 1956. The Name of the company was changed to “Maruti Interior Products Private Limited” on 12.05.2000.
Further the name of the company was subsequently changed to “Maruti Interior Products” pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on October 20, 2021. A fresh certificate of incorporation consequent upon change of name was issued on 9th November, 2021 by the Registrar of Companies, Ahmedabad.
Their Company is into manufacturing and Domestic sale & Export of modular kitchen storage system, Aluminium long wardrobe handle & profile handle. They have wide range of product offerings for different customer segments. Their Brand Everyday Kitchen is focused towards economic range and their other brand Spitze by Everyday is offering premium products. They also manufacture products for other companies on OEM basis.
Maruti Interior Products IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1,766.67 | 1,486.24 | 1,358.59 | 810.18 |
| *Total Revenue | 1,147.56 | 1,523.46 | 1,818.71 | 1,185.29 |
| Total Expense | 919.32 | 1,313.99 | 1,506.74 | 1,064.96 |
| Profit After Tax | 164.92 | 154.53 | 228.89 | 98.22 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 2.78 | 4.12 | 1.77 |
Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 164.92 Lakhs, Rs. 154.53 Lakhs, Rs. 228.89 Lakhs and Rs. 98.22 Lakhs respectively.
Maruti Interior Products IPO – Promoters
The Promoter of this company is:
- Mr. Paresh P. Lunagaria
- Mr. Purushotam R. Lunagaria
List of Related Parties (Key Managerial Personnel)
- Mr. Purushottam Rudabhai Lunagaria, Director & Promoter
- Mr. Paresh Purushotam Lunagaria, Managing Director & Promoter
- Mrs. Parul Paresh Lunagaria, Director
- Mr. Nirmal Paresh Lunagaria, Director
- Mr. Nirbhay Paresh Lunagaria, Director
- Mr. Sudhir Rameshbhai Kolte, Independent Director & Non Executive Chairman
Maruti Interior Products IPO – Promoters Holding
- Pre Issue Share Holding – 100.00%
- Pos Issue Share Holding – 73.51%
Maruti Interior Products IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 20,00,000 Equity Shares aggregating up to Rs.1100 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to o 1,00,000 Equity Shares aggregating up to Rs.55.00 Lakhs |
| Net Issue to the Public | Up to 19,00,000 Equity Shares aggregating up to Rs.1045 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 9,50,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,50,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 55,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 75,50,000 Equity Shares |
Maruti Interior Products IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant including shed
2. Working Capital Requirement
3. General Corporate Purpose
Maruti Interior Products IPO – Business Strategy
Maruti Interior Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Existing Client Base
- Selective bidding with a focus on effective execution record
- Good market prospectus for existing & proposed products
- Experienced Promoters and a well-trained employee base
- Proposed tie up with supply chain
- Optimal Utilization of Resources
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.78 | 15.26 | 18.25 |
| 31-Mar-20 | 4.12 | 26.68 | – |
| Mar-19 | 1.77 | 15.60 | – |
Maruti Interior Products IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Maruti Interior Products Limited | 10 | [●] | 2.78 | 15.26 | 1,523.46 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Maruti Interior Products IPO Lead Managers
| Lead Managers |
| ISK ADVISORS PRIVATE LIMITED 501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050 Tel No.: +91 – 22 – 26431002 Email: ncmpl@ncmpl.com Website: www.iskadvisors.com Investor Grievance Email: enquiry@ncmpl.com Contact Person: Mr. Ronak I. Kadri SEBI Registration No. INM000012625 |
Maruti Interior Products IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PVT. LTD. 1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 62638200 Fax: +91 22 62638299 Email:ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Babu Rapheal SEBI Registration No.: INR000001385 |
Maruti Interior Products IPO – Other Details
- Statutory Auditor – Finava & Associates, Chartered Accountants
- Legal Counsel to the Company – MR. AYAAN A. PATEL, ADVOCATE
- Bankers to the Company – HDFC BANK LIMITED
Maruti Interior Products IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Maruti Interior Products Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Maruti Interior Products IPO Review FAQs
Ques – What is the Issue Size of Maruti Interior Products IPO?
Answer – The Company is making an initial public offer of 20,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Maruti Interior Products IPO?
Answer – The price band for this particular IPO ranges between Rs.55. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Maruti Interior Products IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 3, 2022, while the closing date is set at Feb 8, 2022.
Ques – What is the Maruti Interior Products IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Feb 11, 2022, refund initiation is on Feb 14, 2022, credit of shares is on Feb 15, 2022, and share listing date is on Feb 16, 2022.
Ques – What is the Maruti Interior Products IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Feb 16, 2022. The date, when the listing would be done, is stagnant on Feb 16, 2022.
Ques – Who is the Registrar of Maruti Interior Products IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PVT. LTD. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Maruti Interior Products IPO?
Answer – Here are the promoters of this IPO – Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Maruti Interior Products IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Maruti Interior Products IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Maruti Interior Products Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 154.53, 2020 is 228.89, 2019 is 98.22. PAT from Sep 2021 is 164.92.
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