Malpani Pipes And Fittings IPO: Check key dates, price band, GMP and other details

Malpani Pipes And Fittings IPO, through which the company is raising around Rs 26 crore, opened for subscription earlier today. The issue, which is completely a fresh equity sale of 28.8 lakh shares, will be available for bidding till January 31.

Net proceeds from the IPO will be used for capital expenditure for plant and machinery, repayment of debt and other general corporate purposes.

What is Malpani Pipes And Fittings IPO price band

The price band for Malpani Pipes And Fittings IPO is fixed at Rs 85-90 apiece, and investors can bid for 1600 shares in one lot. In the public offer, 50% is reserved for QIB investors, 35% for retail investors and the rest 15% for non-institutional investors.

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Check GMP of Malpani Pipes And Fittings IPO

Malpani Pipes And Fittings is commanding a GMP of Rs 25 in the unlisted market. This indicates a premium of 28% over the issue price.

Malpani Pipes And Fittings IPO details

Malpani Pipes makes various kinds of pipes including high and low density Polyethylene pipes. These are engineered to meet a wide range of applications, including irrigation, potable water supply, sewerage, and drainage systems.

The pipes the company makes are also well-suited for boreholes and tube wells for underground water extraction. Furthermore, the company's products support infrastructure projects such as the installation of long-distance electrical cables and optical fibers.

The Indian plastic industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90% belong to small and medium enterprises.

For the period ended November 2024, the company clocked revenue from operations of Rs 84 crore with a profit after tax (PAT) of Rs 5 crore.

Interactive Financial Services is the book running lead manager for the IPO, while Bigshare Services is the registrar.

When is the allotment and listing date of Malpani Pipes And Fittings IPO

Malpani Pipes is likely to finalise the share allotment process for the IPO on February 3 and the listing date is scheduled for February 5.

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