Shree Marutinandan Tubes Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 12, 2024 to January 16, 2024 |
| Listing Date | January 19, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 143 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹ 14.30 Cr) |
| Fresh Issue | 10,00,000 shares (aggregating up to ₹ 14.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 24,60,000 |
| Share holding post issue | 34,60,000 |
| Market Maker portion | 50,000 shares |
About Shree Marutinandan Tubes Limited IPO
Shree Marutinandan Tubes Limited 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. Keeping in mind the profile of the end users particularly house holders and farmers, the company has taken onus of ensuring quality better then the requirement. Shree Marutinandan Tubes Limited 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. Shree Marutinandan Tubes IPO is a fixed price issue of Rs 14.30 crores. The issue is entirely a fresh issue of 10 lakh shares. Shree Marutinandan Tubes IPO price is ₹143 per share. The minimum lot size for an application is 1000 Shares. Swastika Investmart Ltd is the book running lead manager of the Shree Marutinandan Tubes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree Marutinandan Tubes IPO is Swastika Investmart.
Objectives of Shree Marutinandan Tubes IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Incremental Working Capital Requirements.
- 2. General Corporate Purpose.
- 3. To meet Public Issue Expenses.
Shree Marutinandan Tubes IPO Review
The company posted fluctuating bottom lines for the last three fiscals with static top lines for the last two fiscals. The sudden boost in its bottom lines for the last 18 months’ periods is not only raising eyebrows, but also concern over the sustainability going forward. H1-FY24 performance appears to be the window dressing and the issue appears fully priced based on this performance. Peers' comparison is nothing but an eyewash. The tiny paid-up equity capital post-IPO indicates longer gestation for migration to the main board.
Shree Marutinandan Tubes Limited IPO Financial Information
Latest Revenue
4,284.64
₹ Crore
Profit After Tax
141.99
₹ Crore
Net Worth
409.70
₹ Crore
Total Borrowing
607.28
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 2,234.29 | 4,284.64 | 141.99 | 409.70 | 607.28 | ||||
| 31 Mar 2023 | 1,617.60 | 4,722.58 | 201.76 | 267.74 | 716.90 | ||||
| 31 Mar 2022 | 1,284.83 | 4,718.49 | 6.01 | 65.98 | 688.89 | ||||
| 31 Mar 2021 | 1,301.03 | 3,597.28 | 13.30 | 59.98 | 795.31 | ||||
| Amount in ₹ Crore | |||||||||
Shree Marutinandan Tubes Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 120.91% |
| ROCE | 78.52% |
| Debt/Equity | 2.68 |
| RoNW | 75.36% |
| P/BV | 1.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.2 | 8.21 |
| P/E (x) | 17.44 | 17.42 |
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Competitive Strengths
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Shree Marutinandan Tubes Limited IPO Timeline
| IPO Open Date | Friday, January 12, 2024 |
| IPO Close Date | Tuesday, January 16, 2024 |
| Basis of Allotment | Wednesday, January 17, 2024 |
| Initiation of Refunds | Thursday, January 18, 2024 |
| Credit of Shares to Demat | Thursday, January 18, 2024 |
| Listing Date | Friday, January 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 16, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹143,000 |
| Retail (Max) | 1 | 1000 | ₹143,000 |
| HNI (Min) | 2 | 2,000 | ₹286,000 |