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Open
12 Jan 2024
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Close
16 Jan 2024
3
Allotment
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Listing
Fri, Jan 19, 2024
Price Band
₹143 per share
Issue Size
10,00,000 shares (agg. up to ₹14 Cr)
Lot Size
1,000 Shares
Listing Date
Fri, Jan 19, 2024
Latest GMP
₹17
Est. Gain
11.89%
✦ AI Insight
GMP Trend
19-01-2024₹17Est. ₹160+11.89%
18-01-2024₹17Est. ₹160+11.89%
17-01-2024₹12Est. ₹155+8.39%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 46.21x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.34 | 16.18 | 12.85 | 13.01 |
| Total Income | 42.85 | 47.23 | 47.18 | 35.97 |
| Profit After Tax | 1.42 | 2.02 | 0.06 | 0.13 |
| NET Worth | 4.10 | 2.68 | 0.66 | 0.60 |
| Reserves and Surplus | 1.64 | 2.47 | 0.45 | 0.39 |
| Total Borrowing | 6.07 | 7.17 | 6.89 | 7.95 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.95 (+0.00%) |
| Cosmic CRF Ltd. | SME | ₹57.21 Cr | ₹314 | 35.64 | ₹238.65 | -24.00% | ₹1,441.80 (+2.89%) |
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.60 (-1.89%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Ratnaveer Precision Engineering Ltd. | Mainboard | ₹165.03 Cr | ₹98 | null | ₹129.35 | +31.99% | ₹175.53 (+0.03%) |
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.85 (-2.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 10.60 |
| 2 | General Corporate Purposes | 3.00 |
About Shree Marutinandan Tubes IPO
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc. The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications. The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators. As of December 25, 2023, the company has 14 employees.+ Read More
Contact Details
Shree Marutinandan Tubes Ltd. AddressA-21, Second Floor, Amrapali ComplexS.P Ring Road, BopalAhmedabad, Gujarat, 380058+91 079-29795873cs@shreemarutitubes.comVisit Website