Shree Marutinandan Tubes IPO subscription is to open on Jan 12, 2024 and will close on Jan 16, 2024, the price band of the Shree Marutinandan Tubes IPO is fixed at ₹ 143. Shree Marutinandan Tubes is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes.
About Shree Marutinandan Tubes
Shree Marutinandan Tubes is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. The products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
Objects of the Issue
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose;
- To meet Public Issue Expenses
Shree Marutinandan Tubes Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 1,617.60 | 1,284.83 | 1,301.03 |
| Total income | 4,722.58 | 4,718.49 | 3,597.28 |
| Total Expenses | 4,449.68 | 4,705.41 | 3,574.64 |
| Profit After Tax | 201.76 | 6.01 | 13.3 |
Shree Marutinandan Tubes IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 10,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 14.3 Cr) |
| Issue Open Date | 12-Jan-24 |
| Issue Close Date | 16-Jan-24 |
| Issue Type | Fixed |
| IPO Price Band | ₹ 143 |
| Face Value | ₹ 10 |
| Market Lot | 1000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 1000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | SHREE |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Shree Marutinandan Tubes IPO DRHP & RHP
Shree Marutinandan Tubes IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1000 | 143,000 |
| Maximum | 1 | 1000 | 143,000 |
Shree Marutinandan Tubes IPO Lead Managers
- Swastika Investmart Limited
Shree Marutinandan Tubes IPO Registrar
Shree Marutinandan Tubes IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 12-Jan-24 |
| Bid / Offer Closes on | 16-Jan-24 |
| Finalisation of Basis of Allotment | 17-Jan-24 |
| Initiation of refunds | 18-Jan-24 |
| Credit of the Equity Shares | 18-Jan-24 |
| Listing Date | 19-Jan-24 |
Company Registered Office
A-21, Second Floor, Amrapali Complex,
S.P Ring Road, Bopal
Ahmedabad, (G.J.) – 380058,
Website: www.shreemarutitubes.com
Company Promoters
- Mr. Vikram Shivratan Sharma
- Mr. Bharat Shivratan Sharma
- Mrs. Kusumlata Shivratan Sharma
Shree Marutinandan Tubes IPO – FAQS
What is the Shree Marutinandan Tubes IPO Price?
The Shree Marutinandan Tubes IPO price band is Rs.143 per share
When Shree Marutinandan Tubes IPO will open?
The Shree Marutinandan Tubes IPO opens on Jan 12, 2024 and closes on Jan 16, 2024
What is the lot size of Shree Marutinandan Tubes IPO?
The Shree Marutinandan Tubes IPO lot size is 1000 Equity Shares and the minimum order quantity is 1000 Equity Shares
Who is the Registrar for Shree Marutinandan Tubes IPO?
The Registrar for Shree Marutinandan Tubes IPO is Bigshare Services Private Limited
How to apply in Shree Marutinandan Tubes IPO through UPI?
Check the step by step process here – Click here
How to apply in Shree Marutinandan Tubes IPO through Zerodha?
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