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SME IPO Status: Listed [12th Jan 2024 to 16th Jan 2024]
Shree Marutinandan Tubes IPO, a SME IPO of ₹14.30 Cr was launced on 12-01-2024 to 16-01-2024 and the shares got listed on BSE SME on 19-01-2024.
The public issue of Shree Marutinandan Tubes IPO (544083) was offered at ₹143.00 per share and the ipo was listed at ₹200.00. It has delivered listing gain of 39.86%.
As the minimum lot size was 1000 shares, the IPO has offered Rs 57000 per lot return on listing.
| SME IPO Issue Opening Date: | 12th Jan 2024 |
| SME IPO Issue Closing Date: | 16th Jan 2024 |
| SME IPO Issue Price: | ₹143.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹14.30 Cr |
| Fresh Issue: | ₹14.30 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 82.00% |
| Promoter Holding Post IPO: | 58.30% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544083 |
Get important updates regarding Shree Marutinandan Tubes SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 17th Jan 2024 |
| Refunds Initiation* | 18th Jan 2024 |
| Credit of Shares to Demat* | 18th Jan 2024 |
| SME IPO Listing Date* | 19th Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹143.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹143000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-01-2024 | 143.00 | 17 | 12900 | ₹160 (11.89%) | 19-Jan-2024 9:23 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shree Marutinandan Tubes Limited was founded in March 2013. The aim is to delight the customers at reasonable prices and ensure quality, keeping in mind the profile of end users, especially engineers and farmers. The company constantly executes need-based and challenging orders for steel pipes to meet the requirements of sectors such as agriculture, oil, solar energy, healthcare, housing, irrigation, engineering, etc.
The company has independent sales and distribution networks for its products. The majority of steel pipes are sold to wholesalers and distributors in the domestic market. The company sources its steel pipes from the best steel pipe manufacturers in the domestic market and believes that it maintains good business relationships with its suppliers. The company follows a procurement policy and usually buys in bulk to build up stocks and facilitate timely delivery of products to end customers. The process is simple but effective.
The company takes orders from its customers for customizable agricultural equipment based on their specific needs and requirements. Instead of manufacturing the equipment itself, the company works with Shree Kamdhenu Machinery Private Limited, a reliable and efficient contract manufacturing company.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Iron & Steel Products | ₹14.30 Cr | https://www.shreemarutitubes.com/index.php |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 475,000 (50%) | 475,000 (50%) | 950,000 | |
| 1 | 12th Jan 2024 19:04 | 3.67x | 6.69x | 5.18x |
| 2 | 15th Jan 2024 19:04 | 9.71x | 30.32x | 20.02x |
| 3 | 16th Jan 2024 19:04 | 32.67x | 59.71x | 47.16x |
Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
| Net Worth | 409.70 | 267.74 | 65.98 | 59.98 |
| Reserves and Surplus | 163.73 | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 607.28 | 716.90 | 688.89 | 795.31 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Shree Marutinandan Tubes Limited | 8.2 | 130.6 | 17.44 | 75.36 | Standalone | |
| Swastik Tubes Limited | 4.53 | 89.67 | 17.51 | 4.4 | Standalone | |
| Hi Tech Pipes Limited | 2.35 | 28.09 | 33.98 | 7.87 | Standalone | |
| APL Apollo Tubes Limited | 18.47 | 13.25 | 65.26 | 19.91 | Standalone |
Last Updated on 23-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shree Marutinandan Tubes SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shree Marutinandan Tubes SME IPO with Zerodha.
Alternate approch to apply in Shree Marutinandan Tubes SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Shree Marutinandan Tubes SME IPO Review and Important Updates
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To subscribe or apply in Shree Marutinandan Tubes SME IPO, you can use the following methods:
| Shree Marutinandan Tubes SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Shree Marutinandan Tubes SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Shree Marutinandan Tubes SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Shree Marutinandan Tubes SME IPO. Most of the Syndicate Banks provide access to apply in Shree Marutinandan Tubes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shree Marutinandan Tubes SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Shree Marutinandan Tubes SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Shree Marutinandan Tubes SME IPO Review and Important Updates
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Shree Marutinandan Tubes SME IPO is going to be list on 19-01-2024. BSE Code for Shree Marutinandan Tubes is 544083.
Other relevant questions:
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Shree Marutinandan Tubes SME IPO Allotment Date is 17-01-2024.
Other relevant questions:
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