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15 Days Price Change

Malpani Pipes&Fittin IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 85  to  90 per share
Profile
Min Investment ₹90
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Malpani Pipes and Fittings Limited is a company specializing in the manufacturing and distribution of high-quality pipes and fittings, primarily serving the construction and infrastructure sectors. Known for its commitment to producing durable and reliable products, the company offers a wide range of piping solutions, including products for water supply, drainage, and industrial applications. With a strong focus on innovation and customer satisfaction, Malpani Pipes and Fittings has earned a reputation for delivering products that meet national and international quality standards. The company’s efficient production processes and emphasis on sustainability have helped it establish a significant presence in the competitive market of piping solutions. Read More

Basic Info

Face Value 10 per share

Price 85  to  90 per share

P/E (x) 9.3

Sales( Cr.) 141

PAT( Cr.) 8

EPS 9.7

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Rohit Malpani Harsh Malpani Mohit Malpani.

Pre Issue Share Holding 100%

Post Issue Share Holding 30.9%

Listing Details:

Listing Price: 85.9

Listing Gain: -4.77%

Current Price: 68.1

Gain On Issue: 68.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jan 29, 2025
Closing Date Jan 31, 2025
Allotment Feb 03, 2025
Refund Feb 04, 2025
Delivery of Shares Feb 04, 2025
Listing Date Feb 05, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 144,000
Retail (Max) 1 1600 144,000
S-HNI (Min) 2 3200 288,000
S-HNI (Max) 6 9600 864,000
B-HNI (Min) 7 11200 1,008,000

Objective of the Issue

1. Capital Expenditure for purchase of machineries. 2. Repayment of Debt. 3. General Corporate Purpose.

Issue

Category Nos Bid Bid (x)
QIB 1440000 84225600 58.5x
NII 432000 148232160 343.1x
Retail 1008000 114256800 113.4x
EMP 0 0 0x
Total 2880000 423158400 146.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Malpani Pipes&Fittin Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 35 82 141 141
Other Income 0 0 0 1
Total Income 35 83 141 142
Total Expenditure 33 78 128 126
Operating Profit 2 5 14 15
Interest 1 1 3 3
Depreciation 0 0 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 3 10 11
Provision for Tax 0 1 3 3
Profit After Tax 1 2 7 8
Adjustments 0 0 0 0
Profit After Adjustments 1 2 7 8
Adjusted Earnings Per Share 1.4 3.3 9.3 7.5

Malpani Pipes&Fittin Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 6 15 47
Minority's Interest 0 0 0 0
Borrowings 7 9 11 11
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 11 24 35 54
Total Liabilities 21 39 61 112
Fixed Assets 2 7 7 12
Other Non-Current Assets 7 2 9 9
Total Current Assets 13 29 46 91
Total Assets 21 39 61 112

Malpani Pipes&Fittin Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 3 0
Cash Flow from Operating Activities 0 -6 -8 -14
Cash Flow from Investing Activities -6 -1 -4 -6
Cash Flow from Financing Activities 5 9 10 20
Net Cash Inflow / Outflow 0 2 -2 0
Closing Cash & Cash Equivalent 0 3 0 0

Malpani Pipes&Fittin Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.42 3.32 9.33 7.49
CEPS(Rs) 1.77 4 10.4 8.71
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 6 9.3 18.71 43.29
Core EBITDA Margin(%) 5.41 5.39 9.48 10.42
EBIT Margin(%) 4.87 5.02 9.02 10.04
Pre Tax Margin(%) 3.4 3.36 7.12 7.72
PAT Margin (%) 2.55 2.52 5.23 5.72
Cash Profit Margin (%) 3.18 3.04 5.83 6.66
ROA(%) 4.18 6.91 14.69 9.31
ROE(%) 23.67 43.35 71.48 26.27
ROCE(%) 13.35 21.67 36.06 23.3
Receivable days 66.45 27.63 22.71 79.39
Inventory Days 50.05 50.04 60.44 84.17
Payable days 67.7 34.78 28.63 64.48
PER(x) 0 0 0 8.43
Price/Book(x) 0 0 0 1.46
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.31 0.23 0.23 0.69
EV/Core EBITDA(x) 5.55 4.15 2.39 6.29
Net Sales Growth(%) 0 136.21 70.96 0
EBIT Growth(%) 0 143.15 207.32 11.36
PAT Growth(%) 0 133.6 254.08 9.55
EPS Growth(%) 0 133.6 181.22 -19.73
Debt/Equity(x) 2.39 3.36 2.05 0.64
Current Ratio(x) 1.2 1.22 1.31 1.67
Quick Ratio(x) 0.74 0.48 0.48 1.01
Interest Cover(x) 3.3 3.02 4.74 4.33
Total Debt/Mcap(x) 0 0 0 0.44

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 59% 0% 0%
Operating Profit CAGR 7% 96% 0% 0%
PAT CAGR 14% 100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -16% NA% NA% NA%
ROE Average 26% 47% 41% 41%
ROCE Average 23% 27% 24% 24%

Company Contact Information

Malpani Pipes And Fittings Ltd.

65- A, Sector B Industrial Area

IPO Lead Manager(s)

Malpani Pipes And Fittings Ltd.

Interactive Financial Services Ltd.

Registrar Info

Malpani Pipes And Fittings Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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