Malpani Pipes and Fittings IPO Review: Apply or Avoid?

Malpani Pipes and Fittings IPO is set to open for bidding on 29th January 2025. The issue is recognised as an SME IPO for its tentative listing date of 5th February 2025. It is entirely a fresh issue of 28,80,000 shares worth Rs 25.92 crore.  

Malpani Pipes and Fittings IPO

Malpani Pipes and Fittings IPO date is set between 29th January 2025 to 31st January 2025. The face value of Malpani Pipes and Fittings Limited shares stands at Rs 10 per share, and the IPO price band is set at Rs 85 to Rs 90. 

Bigshare Services Pvt. Ltd. is the registrar of Malpani Pipes IPO and is responsible for managing allotment and refund procedures. Moreover, Interactive Financial Services Ltd. is the book-running lead manager of this IPO. Check out the further IPO details in the table below. 

Malpani Pipes and Fittings IPO GMP, Issue Size, Price, and Offer Details

Malpai Pipes and Fittings IPO is entirely a fresh issue of 28,80,000 equity shares worth Rs 25.92 crore. Malpani Pipes and Fittings shares will likely be listed on BSE and SME. In contrast, the Securities Exchange Board of India (SEBI) has specified share reservations for different categories of investors. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Malpani Pipes and Fittings IPO GMP Grey Market Premium

Want to get live updates on Malpani Pipes and Fittings IPO GMP? If yes, you are at the right spot. It is essential to note that GMP is the difference between the price band and the price at which shares are trading in the grey market. It is subject to change as per the market sentiments. To apply for Malpani Pipes IPO, one must check the live GMP status. Explore the data tabulated below to have real-time insights on Malpani Pipes and Fittings IPO GMP. 

*Data is updated as of 28th January 2025. 

Malpani Pipes and Fittings IPO GMP stands at Rs 25 per share, which means the share will likely be listed at Rs 115 on its tentative listing date, 5th February 2025. 

Malpani Pipes and Fittings IPO Review

Besides effective recognition and popularity, Malpani Pipes and Fittings IPO comes with some risks. To avoid significant losses in this IPO, one should conduct research on its technical and fundamental analysis. Here is a detailed review of the IPO that could help you make an informed investment decision. 

1. Financial Health

It is essential to perform a financial analysis before applying for an IPO. To do so, you can include different parameters in your research. Parameters like PAT, revenue, net worth, etc, are efficient for analysing the company’s financial position.  

During FY2023-24, the revenue of Malpani Pipes and Fittings Limited stood at Rs 82.57 crore, which increased by 70.97% to Rs 141.16 crore. On the other hand, the PAT of the company was raised by 255.76% from Rs 2.08 crore to Rs 7.40 crore.

Malpani Pipes and Fittings Limited has shown consistent growth in its financial performance, increasing its efficiency in competing with other players in a similar industry. Thus, Malpani Pipes and Fittings IPO is expected to receive an impressive level of investor engagement to deliver a significant return on its tentative listing day, which is 5th February 2025. 

2. Technical Analysis

Numerous technical indicators are available to monitor or track the stock performance for the coming decades. Likewise, you can assess the potential of Malpani Pipes and Fittings IPO with the help of the technical parameters mentioned below. 

*Data is updated as of 28th January 2025. 

The PE ratio of Malpani Pipes and Fittings Limited is 2.42, and its Earnings Per Share stands at 37.17. It indicates that the IPO has a high potential to deliver returns in the short and long term. 

3. Inventory Turnover Ratio

Malpani Pipes and Fittings Limited reported an increase of 38% in its inventory turnover ratio, which was 2.74 in the previous year and reached 3.12 on 31st March 2024. It shows that the company has effective inventory management and boosts its sales. An increase in inventory turnover ratio might encourage most investors to apply for Malpani Pipes and Fittings IPO from 29th January 2025 to 31st January 2025. 

4. Malpani Pipes and Fittings Limited Peer Comparison

*Data is updated as of 28th January 2025. 

Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Malpani Pipes and Fittings Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

*Data is updated as of 28th January 2025. 

Malpani Pipes and Fittings IPO Subscription Status

The IPO is set to open tomorrow, 29th January 2025. Malpani Pipes and Fittings IPO Subscription status is yet to be announced by the stock exchange. Stay informed with this article, or sign up to Univest to get live subscription details for the IPO. 

*Data is updated as of 28th January 2025.

About Malpani Pipes and Fittings Limited

Malpani Pipes and Fittings Limited was incorporated in 2017. The company manufactures high-quality plastic pipes and trades in granules. Pipes designed by the company are used in irrigation, sewerage, drainage, boreholes, tube wells, water supply, optical fibre installations, and more. The product segment of Malpani Pipes includes HDPE pipes, MDPE pipes, drip irrigation pipes, and lateral pipes (LLDPE).  

The manufacturing plant of Malpani Pipes and Fittings Limited is located in Ratlam, Madhya Pradesh, and the company operates 10 production lines with a capacity of 11,500 M.T.P.A. As of 31st December 2024, the company operated with 51 full-time employees and 30 contractors. This year, Malpani Pipes and Fitting IPO caught investors’ eyes or attention to generate steady returns in the Indian stock market. 

Malpani Pipes and Fittings Limited’s Financials

One should explore its financial performance to apply for Malpani Pipes and Fittings IPO. Have a look at the table below to examine the financials of Malpani Pipes and Fittings Limited. 

*Data is updated as of 28th January 2025. 

Explanation

Malpani Pipes and Fittings Limited has shown a 70.97% increase in its revenue during FY23-24 and a 255.76% increase in its profit after tax, which stood at Rs 2.08 crore in FY23 and reached Rs 7.40 crore in FY24. 

Malpani Pipes and Fittings IPO Bidding Requirements

Malpani Pipes and Fittings IPO has set minimum and maximum lots for the application of different categories of investors. Explore the table below to know about the requirements to be fulfilled for applying for this IPO. 

Aim of Malpani Pipes and Fittings IPO

The primary aim of Malpani Pipes and Fittings IPO is to raise Rs 25.92 crore by selling fresh equity shares in the market. However, the company has also prescribed secondary objectives that could help them utilise these funds appropriately. These include. 

• Capital Expenses on Machinery 
• Debt Repayment 
• General Corporate Purpose

Risks for Malpani Pipes and Fittings IPO

Malpani Pipes and Fittings IPO GMP is 27.68% up from its price, but it doesn’t mean the IPO guarantees success. It also poses some risks or challenges for investors. Explore major risks prior to applying for Malpani Pipes and Fittings IPO. 

• High Reliance on Manufacturing Units

The company is highly dependent on its manufacturing facilities, and any shutdown of operations might impact its financial performance severely. It could also have a direct impact on the stock price of Malpani Pipes and Fittings Limited in the long run. 

• Outstanding Litigations

Pending litigations against the company might have an adverse effect on its financial position in the market. Conduct research on the lawsuits against Malpani Pipes and Fittings Limited to avoid this risk in your investment journey. 

• Limited Suppliers and Customers

The company is highly dependent on the top 10 suppliers and top 10 customers to generate revenue and manage inventory. As a result, it might impact business performance adversely in the long term. 

Should I Invest in Malpani Pipes and Fittings IPO?

“Based on recent financials, the issue appears fully priced and cash surplus investors may park moderate funds for medium term”. ~ Dilip Davda (Editor at Chittorgarh Infotech Pvt. Ltd.)

Dilip Davda expressed his review that investors having surplus cash can apply for this IPO with moderate funds. He also suggested to have a medium-term goal for this IPO. If you want to know whether you should apply for Malpani Pipes and Fittings IPO or not, you can explore the pros and cons of the IPO below. 

Pros of Malpani Pipes and Fittings IPO

• Consistent financial growth of the company.
• Increasing inventory turnover ratio.

Cons of Malpani Pipes and Fittings IPO

• As of March 2024, the company’s outstanding secured loan was Rs 24.91 crore.
• The company is highly reliant on limited suppliers and customers.  
• Pending litigations against the company. 

How Can Univest Help Me Choose the Best IPO? 

Univest offers demat account services and a pro plan to get stock market ideas. Moreover, it also offers detailed information about current IPOs and upcoming IPOs. Pros and cons of the IPOs are also available on the Univest app. 

The SEBI-registered RAs at this trusted platform provide verdicts on IPOs and their listing gains. You can also consider Univest blogs to know about IPO’s GMP updates, subscription status, offer details, and more. So, what are you waiting for? Sign up now and check for Univest’s pricing to earn higher returns from the stock market. 

How to Apply for Malpani Pipes and Fittings IPO?

Follow the steps mentioned below to apply for Malpani Pipes and Fittings IPO. 

• Step 1: Conduct thorough research on Malpani Pipes and Fittings IPO GMP, subscription status, issue size, lot size, and more. 
• Step 2: Open a demat account on Univest to apply for the IPOs. You can also use your previous demat account just by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 1,600 shares worth Rs 1,44,000 of Malpani Pipes and Fittings IPO.   
• Step 4: You will receive a mandate request on your mode of payment. Approve the request and stay informed about the allotment status.    

How to Check Malpani Pipes and Fittings IPO Allotment Status?

You can check for Malpani Pipes and Fittings IPO allotment in different ways. These include BSE’s official website and registrar portal. Explore the steps mentioned below to know your allotment status online.

Check On BSE’s Official Website

• Visit the BSE official website. 
• Select Equity as the issue type. 
• Choose Denta Water and Infra Solutions Limited IPO.  
• Select whether to proceed with the PAN number or application number.
• Submit your information to check the allotment status online. 

Check On Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your allotment status

Final Thoughts

Malpani Pipes and Fittings IPO is the book-built issue of 28,80,000 shares worth Rs 25.92 crores. The shares are set to be listed on BSE and SME on the tentative listing date of 5th February 2025. Investors and brokers have a positive outlook for this IPO and highlighted its pros as increasing turnover and the steady growth potential of the company. However, the issue also consists of some challenges, like high reliance on limited suppliers/customers, pending litigations, and high debt. It is recommended to conduct your own research on Malpani Pipes and Fittings IPO reviews to generate higher listing gains. 

Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link. 

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FAQs on Malpani Pipes and Fittings IPO

1. How is Malpani Pipes and Fittings IPO?

Ans. Malpani Pipes and Fittings IPO GMP (Grey Market Premium) stands at Rs 25 (27.78% up) on 28th January 2025. It indicates that the estimated listing price could be Rs 115. It is entirely a fresh issue of 28,80,000 shares worth Rs 25.92 crore. The IPO price band is fixed at Rs 85 to Rs 90 per share, and the face value of each share is Rs 10. 

2. What is Malpani Pipes and Fittings IPO price?

Ans. Malpani Pipes and Fittings IPO price band has been set between Rs 85 to Rs 90 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1,600 shares worth Rs 1,44,000. Moreover, NIIs are required to bid for a minimum of 2 lots (3,200) shares worth Rs 2,88,000. 

3. Is Malpani Pipes and Fittings IPO good?

Ans. During FY2023-24, the revenue of Malpani Pipes and Fittings Limited stood at Rs 82.57 crore, which increased by 70.97% to Rs 141.16 crore. On the other hand, the PAT of the company was raised by 255.76% from Rs 2.08 crore to Rs 7.40 crore. Malpani Pipes and Fittings IPO has also gained a positive rating from industry experts, brokers and institutional investors.

4. Who is registrar of Malpani Pipes and Fittings IPO?

Ans. Bigshare Services Private Limited is the registrar of Malpani Pipes and Fittings IPO and awaits to manage the IPO allotment procedure and refund initiation. For any query regarding Malpani Pipes and Fittings IPO allotment and refund, you can reach out to Bigshare Services Private Limited through investor@bigshareonline.com or +91-22-62638200. 

5. What is issue size of Malpani Pipes and Fittings IPO? 

Ans. Malpani Pipes and Fittings IPO is the fresh issue of 28,80,000 shares worth Rs 25.92 crore. The issue is set to open on 29th January 2025 and will be closed on 31st January 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Malpani Pipes and Fittings IPO, download the Malpani Pipes and Fittings IPO RHP and Malpani Pipes and Fittings IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.