Malani Pipes IPO secured a subscription over 140 occasions at shut on sturdy demand from non-institutional buyers.
Buyers can test the Malpani Pipes IPO allotment standing by means of BSE and likewise through the registrar’s web site.
Comply with the under steps to test Malpani Pipes IPO allotment on BSE.
Step 1: Go to the BSE Web site (https://www.bseindia.com/buyers/appli_check.aspx)Step 2: Please choose the difficulty title, that’s the firm’s title within the drop down.
Step 3: Enter the appliance quantity or PAN quantity to test the allotment standing.
Examine Malpani Pipes IPO allotment by means of Hyperlink Intime India
Step 1: Go to the Bigshare Companies web site (https://ipo.bigshareonline.com/IPO_Status.html)
Step 2: Choose Malpani Pipes IPO
Step 3: Enter the PAN particulars and click on search to know the standing
Examine Malpani Pipes and Fittings GMP
Malpani Pipes and Fittings GMP has been on the downward development as is at the moment at Rs 7, which is a premium of 8% over the difficulty value. The IPO was provided at a value of Rs 90 and the itemizing will happen on February 5.
Malpani Pipes IPO particulars
The corporate proposes to make use of the web proceeds for capex necessities, the place the plan is purchase some machineries, repay debt, to satisfy working capital necessities and normal company functions.
Malpani Pipes is into the enterprise of producing varied sorts of pipes. These are primarily excessive and low density Polyethylen pipes, made to satisfy a variety of purposes, together with irrigation, potable water provide, sewerage, and drainage programs.
The pipes the corporate makes are additionally well-suited for boreholes and tube wells for underground water extraction. Moreover, the corporate’s merchandise assist infrastructure tasks such because the set up of long-distance electrical cables and optical fibers
On the monetary entrance, Malpani Pipes reported a income of Rs 141 crore for the fiscal 12 months 2024 and the revenue throughout the identical interval stood at Rs 7.4 crore.
Interactive Monetary Companies is performing because the e-book operating lead supervisor of the Malpani Pipes IPO, whereas Bigshare Companies is the registrar for the difficulty.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
