Shree Marutinandan Tubes IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 12, 2024Let’s have a detailed review of the company and analytics of the Shree Marutinandan Tubes IPO release date, IPO offer price, subscription, Shree Marutinandan Tubes Limited 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 143 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | January 19, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1430 Lakh |
| IPO Size | Rs 1430 Lakh |
| Tick Size | 1 |
Shree Marutinandan Tubes IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Shree Marutinandan Tubes Share Price |
Shree Marutinandan Tubes IPO – Summary
Their Company was originally incorporated as a Private Limited, under the Companies Act, 1956 (“Companies Act”) in the name and style of “Shree Marutinandan Tubes Private Limited” on March 12th, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat.
Later on, the company was converted into a public limited company, the name of the Company was changed to “Shree Marutinandan Tubes Limited” and for the same fresh Certificate of Incorporation dated June 22nd, 2023 was issued by the Registrar of Companies, Ahmedabad, Gujarat.
The Promoter of this company is MR. VIKRAM SHIVRATAN SHARMA, MR. BHARAT SHIVRATAN SHARMA AND MRS. KUSUMLATA SHIVRATAN SHARMA. The lead manager of the issue is SWASTIKA INVESTMART LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shree Marutinandan Tubes IPO Date
The opening and closing dates of Shree Marutinandan Tubes IPO are January 12, 2024 and January 16, 2024, respectively.
Shree Marutinandan Tubes IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12th Jan | 3.67x | 6.69x | 5.18x |
| 2nd Day – 15th Jan | |||
| 3rd Day – 16th Jan | |||
| Shares Offered or Net Issue | 475,000 | 475,000 | 1,000,000 |
The shares subscribed by the public will be updated here.
Shree Marutinandan Tubes 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.
Shree Marutinandan Tubes Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 17, 2024 |
| Refunds Initiation | January 18, 2024 |
| Credit of Shares to Demat Account | January 18, 2024 |
| Share Listing Date | January 19, 2024 |
Shree Marutinandan Tubes IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.143
Shree Marutinandan Tubes IPO Equity Size
This Initial Public Issue of 1,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.143 per equity share aggregating to Rs.1430 Lakh.
Shree Marutinandan Tubes IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,000,000 Equity Shares of Rs.10/ each.
Issue Size: 1,000,000 Equity Shares of Rs.10 each, aggregating to Rs.1430 Lakh
Open Free Demat Account Now!
Shree Marutinandan Tubes IPO – Live Performance
The listing date of this IPO is January 19, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shree Marutinandan Tubes Share Price |
Shree Marutinandan Tubes IPO Grey Market Premium
The Shree Marutinandan Tubes Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shree Marutinandan Tubes IPO – Company Overview
Their company has earned a commendable reputation for reliability and quality due to its adherence to uncompromising standards of quality. The Objective is to delight customers at reasonable prices and ensure quality while keeping in mind the profile of the end users, particularly Engineers and farmers.
Their Company has been constantly executing need-based and demanding orders for steel Pipes to meet the requirements of sectors like Agriculture, Oil, Solar Power, Public Health, Housing, Irrigation, Engineering etc.
Their Company is a well-established Company that has made a significant mark in the trading of steel tubes and pipes. However, from FY 2023, they have taken a strategic step of forward integration to expand their business horizons and diversify their offerings.
To achieve this, they have decided to accord with their group company, Shree Kamdhenu Machinery Private Limited, for the contract manufacturing of agricultural equipment. This move enables them to provide a broader range of products to their clients, catering to the growing demand for agricultural machinery and equipment in the market.
Shree Marutinandan Tubes 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 & Lakh) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| *Total Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Total Expense | 4,094.33 | 4,449.68 | 4,705.41 | 3,574.64 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
Earnings per Equity Share (in Lakh)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.77 | 98.42 | 2.93 | 6.49 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 201.76 Lakh, Rs. 6.01 Lakh and Rs. 13.30 Lakh respectively.
Shree Marutinandan Tubes IPO – Promoters
The Promoter of this company is:
- MR. VIKRAM SHIVRATAN SHARMA,
- MR. BHARAT SHIVRATAN SHARMA
- MRS. KUSUMLATA SHIVRATAN SHARMA
List of Related Parties (Key Managerial Personnel)
- Vikram Shivratan Sharma Managing Director
- Bharat Shivratan Sharma Whole Time Director
- Shwetaben Arvindbhai Saparia Independent Director
- Ankitkumar Surendrakumar Agrawal Independent Director
- Madhuri Niconkumar Mistry Independent Director
Shree Marutinandan Tubes IPO – Promoters Holding
- Pre-Issue Share Holding – 82.00%
- Post-Issue Share Holding – 58.30%
Shree Marutinandan Tubes IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,000,000 Equity Shares aggregating up to Rs.1430 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 50,000 Equity Shares aggregating up to Rs.71.50 Lakh |
| Net Issue to the Public | Up to 9,50,000 Equity Shares aggregating up to Rs.1,358.50 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 4,75,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,75,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 24,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 34,60,000 Equity Shares |
Shree Marutinandan Tubes IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose;
- To meet Public Issue Expenses
Shree Marutinandan Tubes IPO – Business Strategy
- Enhance customer base by entering new geographies
- Continue to improve operating efficiencies through technology enhancement
- . Strengthen Brand Value
- Expanding their product range to add more value-added products
Shree Marutinandan Tubes 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:
- Experienced Promoter and Management Team;
- Quality Products;
- Diversified Product Range;
- Locational Advantage; and
- Established sales and distribution network in Gujarat.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 98.42 | 75.36 | 130.60 |
| 31-Mar-22 | 2.93 | 9.11 | – |
| Mar-21 | 6.49 | 22.17 | – |
Shree Marutinandan Tubes IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per Equity Share (Rs.) | |
| Shree Marutinandan Tubes Limited | 10 | 17.44 | 8.20 | 75.36 | 130.60 |
| Listed Peers | |||||
| Swastik Tubes Limited | 10 | 17.51 | 4.53 | 4.40 | 89.67 |
| Hi Tech Pipes Limited | 1 | 33.98 | 2.35 | 7.87 | 28.09 |
Shree Marutinandan Tubes IPO Lead Managers
| Lead Managers |
| SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102 Registered Office: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City – 400058 (Maharashtra). Merchant Banking Division Address: 48 Jaora Compound, M.Y.H Road, Indore (MP) – 452001; Telephone Number: +91-22-26254568-69 / 0731-6644244; Email Id: merchantbanking@swastika.co.in; Investors Grievance Id: mb.investorgreivance@swastika.co.in; Website: www.swastika.co.in; Contact Person: Mr. Mohit R. Goyal; CIN: L65910MH1992PLC067052. |
Shree Marutinandan Tubes IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED; SEBI Registration Number: INR000001385; Address: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri – [East], Mumbai – 400093, Maharashtra, India; Tel. Number: +91 22 6263 8200; Email Id: ipo@bigshareonline.com; Investors Grievance Id: investor@bigshareonline.com; Website: www.bigshareonline.com; Contact Person: Mr. Asif Sayyed. |
Shree Marutinandan Tubes IPO – Other Details
- Statutory Auditor – S K Jha & Co., Chartered Accountant
- Legal Counsel to the Company – MR. VAIBHAV PUROHIT;
- Bankers to the Company – INDUSIND BANK LIMITED;
Shree Marutinandan Tubes 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 |
Subscribe to Shree Marutinandan Tubes IPO
Shree Marutinandan Tubes Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shree Marutinandan Tubes IPO Review FAQs
Check out various FAQs related to Shree Marutinandan Tubes IPO:
What is the Issue Size of Shree Marutinandan IPO?
The Company is making an initial public offer of 1,000,000 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 net issue.
What is the Price band of Shree Marutinandan Tubes IPO?
The price band for this particular IPO ranges between Rs 143. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Shree Marutinandan IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 12, 2024, while the closing date is set for January 16, 2024.
What is the Shree Marutinandan IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 17, 2024, refund initiation is on January 18, 2024, credit of shares is on January 18, 2024, and share listing date is on January 19, 2024.
What is the Shree Marutinandan IPO Listing Date?
Shares of this company shall be listed in the exchanges January 19, 2024. The date, when the listing would be done, is stagnant on January 19, 2024.
Who is the Registrar of Shree Marutinandan IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIG SHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shree Marutinandan IPO?
Here are the promoters of this IPO – MR. VIKRAM SHIVRATAN SHARMA, MR. BHARAT SHIVRATAN SHARMA AND MRS. KUSUMLATA SHIVRATAN SHARMA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shree Marutinandan IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Shree Marutinandan Tubes IPO Good for Investment?
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.
What is the PAT of Shree Marutinandan Tubes Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 201.76, 2022 is 6.01, and 2021 is 13.30. PAT from Sep 2023 is 141.99.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics