Malpani Pipes And Fittings Limited IPO
Malpani Pipes And Fittings Limited IPO
IPO Date :
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The public market debut of Malpani Pipes And Fittings Limited's was completed on 04-02-2025 with its listing on the BSE exchange. The IPO process raised 28,80,000 Shares in total capital, consisting of 28,80,000 Shares in new equity.
The offering featured a price range of ₹85 to ₹90 and minimum application size of 1600 shares. Investor response during the subscription period from 29-01-2025 to 31-01-2025 influenced the final allotment ratios across investor categories.
Final allotment was announced on 01-02-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Malpani Pipes IPO About Company
Malpani Pipes and Fittings Limited, established in 2017, is a manufacturer of high-quality plastic pipes under the brand "Volstar." The company also trades in granules and PVC pipes. Its product range includes HDPE, MDPE, and LLDPE pipes, used for irrigation, water supply, sewerage, drainage, and infrastructure projects. Based in Ratlam, Madhya Pradesh, the company operates a manufacturing plant with 10 production lines and an in-house testing facility, with an annual capacity of 11,500 M.T.P.A. It supplies products through wholesalers, retailers, government projects, and farmer welfare schemes. As of December 31, 2024, the company had 51 full-time employees and 30 contract workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Malpani Pipes IPO Strength Factors
- Wide Reach: and the company serves wholesalers, retailers, government projects, and farmers, giving it a strong and diverse market presence.
- Quality Manufacturing: and the Ratlam facility uses advanced machinery with in-house testing to ensure consistent, high-quality products.
- Varied Product Range: and the company offers HDPE, MDPE, LLDPE, and drip irrigation pipes, meeting requirements for irrigation, water supply, sewage, and infrastructure projects.
Malpani Pipes IPO Risk Factors
- Relying on One Manufacturing Facility: and any shutdown or disruption at this single plant could directly impact operations and financial performance.
- Delays in Buying Equipment: and late delivery of machinery or required equipment for expansion may lead to extra costs and time, slowing overall growth plans.
- Dependence on a Few Big Customers: and since a major portion of revenue comes from the top ten customers, losing even one could significantly affect the company’s financial stability.
Malpani Pipes IPO Lead Manager(s)
- Interactive Financial Services Limited
Malpani Pipes IPO Promoter(s)
- Rohit Malpani
- Harsh Malpani
- Mohit Malpani
Malpani Pipes IPO FAQs
Malpani Pipes And Fittings Limited IPO subscribed 147.23 times. The public issue subscribed 113.79 times in the retail category,58.49times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 7:45:22 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Malpani Pipes IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Malpani Pipes IPO FAQs
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