Shree Marutinandan Tubes Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shree Marutinand

CMP

195.00

-4.90 (-2.45%)

  • DRHP
₹143

Offer Price

₹ 14.30 Cr

Issue Size

₹ 1,43,000

Min Investment

1,000

Lot size

Time Line

  • 12
    Jan 2024
    Open
  • 16
    Jan 2024
    Close
  • 17
    Jan 2024
    Finalisation of Basis of Allotment
  • 18
    Jan 2024
    Initiation of Refunds
  • 18
    Jan 2024
    Transfer of Shares to Demat Account
  • 19
    Jan 2024
    Listing Date

Objects of the Offer

  • Enhance customer base by entering new geographies.

  • Continue to improve operating efficiencies through technology enhancements.

  • Strengthen Brand Value.

  • Expanding its product range to add more value-added products.

Products & Services

  • The Company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel ("ERW MS") Pipes (round, square and rectangular hollow sections) Black Pipes and Solar Structural Pipes in various specifications.

Strengths

  • Experienced Promoter and Management Team.

  • Quality Products.

  • Diversified Product Range.

  • Locational Advantage.

  • Established sales and distribution network in Gujarat.

Risks

  • The property used by the Company for the operation purpose of its storage is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or the company failure to renew the same could adversely affect its operations.

  • The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on the company business, results of operations, margins and financial condition.

  • The company generate a substantial portion of revenue from Gujarat Region. Any adverse developments affecting its operations in the Gujarat Region could have an adverse impact on the company revenue and results of operations.

  • The company Revenue from Black pipe/MS Pipe and Structural Pipe contribute significantly to its revenue from operation. Any loss of business from such product may adversely affect the company revenues and profitability.

  • The company Peer Review Auditor and Statutory Auditor of the Company are not same.

Company Promoters

Promoters Holding

Issue For IPO
20.45%
Pre Holding

70.73%

Post Holding

50.28%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 47.17 (0.00%) 75.36 (-) 65.71 (-12.80%)
Gross Profit 47.17 (0.00%) 75.36 (-) 65.71 (-12.80%)
Net Income 47.17 (0.00%) 75.36 (-) 65.71 (-12.80%)
Assets 47.17 (0.00%) 75.36 (-) 65.71 (-12.80%)
Liabilities 47.17 (0.00%) 75.36 (-) 65.71 (-12.80%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Shree Marutinandan Tubes Ltd 47.17 2.02 9.94 7.26 75.36 0.00 130.60 2.54 0.72
Hi-Tech Pipes Ltd 2,385.85 37.68 915.52 915.52 9.01 3.06 32.71 4.11 0.56
APL Apollo Tubes Ltd 16,165.95 641.86 5,851.63 5,851.63 21.35 23.14 108.37 10.96 0.29

Book Running Managers

  • Swastika Investmart Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

A-21 2nd Flr Amrapali Complex,
S P Ring Road Bopal,
Ahmedabad - 380058
Phone : +91 079-29795873 Email : cs@shreemarutitubes.com www.shreemarutitubes.com

Offer Related Information

Public issue of 10,00,000 equity shares of face value of Rs. 10/- each of shree Marutinandan Tubes Limited ("Shree" or the "Company" or the "Issuer") for cash at a price of Rs. 143/- per equity share including a share premium of Rs. 133/- per equity share (the "Issue Price") aggregating to Rs. 14.30 crores ("The Issue"), of which 50,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 143/- per equity share including a share premium of Rs. 133/- per equity share... More

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