Shree Marutinandan Tubes Limited IPO is set to launch on 12 January, 2023. The company initiated its business operations in the year 2013. The company is involved in the business of galvanised tubes, Black Tubes, Electrical Resistance Welded Mild Steel Tubes and Solar Structural Tubes. Products made by the company are used into multiple fields such as Oil, Agriculture, healthcare, Solar Energy, Irrigation, Housing, Engineering etc. Machines of the company are manufactured by Shree Kamdhenu Machinery Private Limited on contract basis. Other products offered by the company includes grading machines, potato harvesters, peanut destoners, hoppers, rotavators, tube winders etc. At the moment the company has 14 employees.
Shree Marutinandan Tubes Limited IPO is set to launch on 12 January, 2023. The subscription timeline extends till 16 January, 2023. The size for the IPO is 14.30 Crore Rs. Shares issued through fresh issue mode are worth 14.30 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 143 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
IPO OPENING DATE | 12 January, 2023 |
CLOSING DATE FOR IPO | 16 January, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 143 Rs per share |
LOT SIZE | 1000 shares |
MINIMUM ORDER QUANTITY | 1000 shares |
ISSUE SIZE | 14.30 Crore Rs. |
OFFER FOR SALE | No shares are issued through offer for sale mode |
FRESH ISSUE | 14.30 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 19 January, 2023 |
IPO OPENING DATE | 11 January, 2023 |
CLOSING DATE FOR IPO | 16 January, 2023 |
IPO ALLOTMENT DATE | 17 January, 2023 |
REFUNDS | 18 January, 2023 |
DEMAT A/C CREDITED ON | 18 January, 2023 |
IPO LISTING DATE | 19 January, 2023 |
The lead managers are :
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 143000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 286000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 1000 shares | 143000 Rs. |
Maximum | 2000 shares | 286000 Rs. |
Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
Asset | 1301 | 1284 | 1617 |
Revenue | 3597 | 4718 | 4722 |
PAT | 13.30 | 6.01 | 201.76 |
Shree Marutinandan Tubes Limited had an asset base of 1301 Lakh Rs in 2021 which decreased to 1284 Lakh Rs in 2022. The asset base increased to 1617 Lakh Rs in 2023. The revenue of the company was 3597 Lakh Rs in 2021 which increased to 4718 Lakh Rs in 2022 and 4722 Lakh Rs in 2023. The profit of the company was 13.30 Lakh Rs in 2021. This decreased to 6.01 Lakh Rs in 2022. The profit of the company jumped to 201.76 Lakh Rs in 2023.
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