The Malpani Pipes IPO has generated significant interest among investors, particularly in the SME segment. With the IPO open for subscription from January 29 to January 31, 2025, investors are keenly tracking the Malpani Pipes IPO GMP (Grey Market Premium), subscription status, and overall market sentiment. Let’s take a deep dive into the latest updates and review the IPO’s potential.
Malpani Pipes IPO Details
Malpani Pipes Limited, a leading manufacturer of HDPE, MDPE, LLDPE, and drip irrigation pipes, is looking to raise ₹25.92 crore through its SME IPO. The offering includes a fresh issue of 28.80 lakh shares, with no offer-for-sale component. The IPO price band has been set at ₹85-₹90 per share, and the minimum lot size is 1,600 shares, requiring a minimum investment of ₹1,44,000 for retail investors.
Key details of the IPO:
- IPO Size: ₹25.92 crore (Fresh Issue)
- Price Band: ₹85-₹90 per share
- Market Lot: 1,600 shares
- Minimum Investment: ₹1,44,000 (Retail)
- Listing Exchange: BSE SME (Expected listing date: February 4, 2025)
- Lead Manager: Interactive Financial Services Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Mnm Stock Broking Pvt Ltd
Malpani Pipes IPO Subscription Status
Subscription numbers play a crucial role in determining investor sentiment. Here’s how different investor categories are responding to the IPO:
- Retail Investors: 33.33%
- Qualified Institutional Buyers (QIBs): 19.39%
- Non-Institutional Investors (NIIs): 14.44%
- Anchor Investors: 27.78%
The IPO was partially anchored by institutional investors, securing ₹7.20 crore through anchor allotment on January 28, 2025. The final subscription numbers will give more clarity on the demand for the IPO.
Malpani Pipes IPO GMP Today
Investors are actively tracking the Malpani Pipes IPO GMP (Grey Market Premium) to assess potential listing gains. As of January 30, 2025, the GMP for Malpani Pipes IPO is ₹27. Based on the upper price band of ₹90, this indicates an estimated listing price of ₹117, suggesting an expected gain of 30% per share.
GMP Trend Analysis:
- January 28, 2025: ₹25
- January 29, 2025: ₹26
- January 30, 2025: ₹27
A rising GMP suggests strong demand for the IPO in the grey market. However, investors should note that GMP is speculative and does not guarantee actual listing performance.
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Malpani Pipes SME IPO Allotment Status – How to Check & Key Dates
The allotment of Malpani Pipes SME IPO, worth ₹25.92 crores, is expected to be finalized on February 3, 2025, with the shares likely to be listed on February 4, 2025. Investors who have applied for this IPO can check their allotment status online through the official website of the registrar, Bigshare Services Pvt Ltd.
If you’ve applied for Malpani Pipes’ public issue and are eager to know your allotment result, here’s a step-by-step guide to check it online.
Malpani Pipes SME IPO Key Details
| IPO Details | Values |
|---|---|
| IPO Open Date | January 29, 2025 |
| IPO Close Date | January 31, 2025 |
| Issue Size | ₹25.92 Cr |
| Issue Price | ₹85 – ₹90 per share |
| Market Lot | 1,600 shares |
| Allotment Finalization | February 3, 2025 (Tentative) |
| Refund Initiation | February 3, 2025 (Tentative) |
| Shares Credit to Demat | February 3, 2025 (Tentative) |
| IPO Listing Date | February 4, 2025 (Tentative) |
How to Check Malpani Pipes SME IPO Allotment Status Online?
Once the IPO subscription period closes, the allotment process is conducted per SEBI guidelines. The allotment status is generally available within 1-3 days after the issue closes.
To check whether you have received shares, follow these steps:
Step-by-Step Process to Check Allotment Status
- Visit the IPO Registrar’s Website: Go to the Bigshare Services Pvt Ltd allotment page.
- Select Malpani Pipes IPO: Choose “Malpani Pipes” from the list of available IPOs.
- Enter Your Details: Provide any of the following details:
- PAN Number
- IPO Application Number
- DP Client ID / Demat Account Number
- Submit and View Status: Click on ‘Search’, and your allotment result will appear on the screen.
The displayed status will show:
- Total shares applied for
- Number of shares allotted to you
Alternative Ways to Check Allotment Status
- BSE Website: Investors can also check their allotment on the BSE India portal under the “Equity” section.
- Brokerage & Demat Account: Some stockbrokers and trading apps notify users via SMS and email regarding their allotment status.
What to Do After Checking the Allotment?
- If shares are allotted: The shares will be credited to your Demat account by February 3, 2025.
- If shares are not allotted: Refunds for unallotted shares will be processed on the same day. If you do not receive the refund within the stipulated time, you can contact the registrar.
Understanding the Basis of Allotment (BoA)
The basis of allotment (BoA) is a document prepared by the IPO registrar, outlining how shares are distributed among different investor categories:
- Anchor Investors
- Qualified Institutional Buyers (QIBs)
- Non-Institutional Investors (NIIs)
- Retail Investors (RIIs)
For example, if the allotment ratio is 1:10, it means that one out of every ten applicants will receive an allotment. This ratio depends on IPO demand and oversubscription levels.
Malpani Pipes IPO GMP Review: Should You Invest?
Strengths of Malpani Pipes IPO:
- Strong Industry Presence: Malpani Pipes is a well-established manufacturer with a wide range of HDPE, MDPE, and irrigation pipes, catering to agriculture, construction, and industrial sectors.
- Consistent Financial Growth: The company reported a revenue of ₹141.16 crore in FY24 with a net profit (PAT) of ₹7.4 crore, reflecting a stable financial position.
- Growing Demand for Irrigation & Infrastructure: With government initiatives like Jal Jeevan Mission and increased focus on smart irrigation and water management, Malpani Pipes is well-positioned for future growth.
- Reasonable Valuation: The IPO is priced at a fair valuation compared to industry peers, making it an attractive proposition for investors.
Risk Factors to Consider:
- SME IPO Volatility: SME stocks tend to be more volatile post-listing, and liquidity can be an issue.
- Grey Market Fluctuations: While the Malpani Pipes IPO GMP today suggests a 30% premium, grey market trends can change rapidly before listing.
- Competitive Market: The pipes and irrigation industry is highly competitive, with several established players.
Final Verdict on Malpani Pipes IPO
The Malpani Pipes IPO GMP review indicates strong grey market interest, with an expected listing gain of around 30%. The company’s solid financials, strong industry presence, and growing demand for irrigation and infrastructure products make it an attractive investment. However, given the risks associated with SME IPOs, investors should conduct their own due diligence before making a decision.
Would you invest in Malpani Pipes IPO? Let us know in the comments below!