Maruti Interior Products Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
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Maruti Interior Products Limited's successfully transitioned to public market status with its listing on BSE on Feb 16, 2022. The IPO mobilized 20,00,000 Shares in cumulative capital, including 20,00,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹55 to ₹55, with minimum investment lots of 2000 shares. subscription activity between Feb 03, 2022 and Feb 08, 2022 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Feb 11, 2022, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
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.
Maruti Interior Products Limited (MIPL) manufactures and sells modular kitchen storage systems, aluminium long wardrobe handles, and profile handles for domestic and export markets. Its brands include Everyday Kitchen for the economic segment and Spitze by Everyday for premium products. MIPL also produces for companies like Godrej, Hafele India, Kaff Appliances, Walmart, Homelane, Livespace, and Spacewood. All products are designed in-house, with marketing and distribution networks across India, 300+ dealers, 25+ distributors, and international presence in Uganda. The company sells directly online via platforms like Amazon and Flipkart, offers DIY products, and operates a 1,00,000 sq. ft factory in Gujarat, with plans to collaborate with an Austrian company for oven wire shelves.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- High-Quality Manufacturing: Offers diverse and reliable production capabilities.
- Skilled Marketing Team: Experienced team driving sales and brand growth.
- Online Sales & Marketing: Utilizes digital channels to reach customers.
- Awards & Recognition: Received prestigious accolades for excellence.
- Expansion Plans: Focused on ambitious growth and market presence.
- Experienced Leadership: Promoters and well-trained employees guide operations effectively.
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- Mr. Paresh P. Lunagaria
- Mr. Purushotam R. Lunagaria
Maruti Interior Products Limited
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