Malpani Pipes IPO closes today with oversubscription and GMP details for January 2025 public offering

Malpani Pipes IPO Closes Today: Subscription Data, GMP, Listing Date & Surge Prospects 2025

The Malpani Pipes and Fittings IPO is set to close for public subscription today, January 31, 2025. Opening on January 29, 2025, this Rs 26 crore IPO has already received strong interest from investors, with the Malpani Pipes IPO subscription seeing an oversubscription of 33.76 times by January 30, 2025.

Key Highlights of Malpani Pipes IPO:

  • Issue Size: ₹26 crore
  • Price Band: ₹85-90 per share
  • Lot Size: 1,600 shares (Minimum investment: ₹1,44,000)
  • GMP: ₹10 (11.11% premium over the issue price)
  • Subscription Closing Date: January 31, 2025

This public offering is for 2.88 million equity shares, and the price band is set between ₹85 and ₹90 per share. Investors can place bids for a minimum of 1,600 shares, requiring an investment of ₹1,44,000. The funds raised will be allocated towards capital expenditure, debt repayment, and general corporate purposes.

Malpani Pipes IPO: Grey Market Premium (GMP) Trends

As of January 31, 2025, the GMP for Malpani Pipes IPO stands at ₹10, which translates to an 11.11% premium over the upper price band of ₹90. This is a decline from the ₹27 GMP observed when the IPO opened. Investors should note that GMP can offer insights into the likely listing performance of the stock, though market fluctuations can impact this figure.

Malpani Pipes IPO Subscription Status:

The Malpani Pipes IPO subscription has been incredibly strong, with 33.76 times oversubscription recorded by the end of January 30, 2025. This high level of interest shows that the IPO has resonated well with both retail investors and institutional investors. Retail investors will be hoping for favorable allotment as the subscription period concludes today.

Malpani Pipes IPO Listing Date on BSE SME Platform

  • Basis of Allotment: February 3, 2025 (expected)
  • Shares in Demat Accounts: February 4, 2025 (expected)
  • Listing Date: February 5, 2025 (tentative) on the BSE SME platform

The listing date of the Malpani Pipes IPO is tentatively scheduled for February 5, 2025. The company will be listed on the BSE SME platform, which is known for smaller, emerging companies. Investors should keep an eye on the stock’s initial performance on listing day for signs of market sentiment.

Company Overview of Malpani Pipes and Fittings

Malpani Pipes and Fittings manufactures high-grade plastic pipes such as HDPE, MDPE, and LLDPE pipes, used in a range of applications, including irrigation, water supply, sewerage, and infrastructure projects. The company operates a manufacturing facility in Ratlam, Madhya Pradesh, with a production capacity of 11,500 MTPA. It distributes products to wholesalers, retailers, and supplies to government projects.

The IPO funds will help Malpani Pipes expand its production capacity, reduce debt, and invest in general corporate activities to fuel future growth.

Malpani Pipes IPO Key Dates:

  • Issue Opening Date: January 29, 2025
  • Issue Closing Date: January 31, 2025
  • GMP: ₹10 (11.11% premium)
  • Basis of Allotment: February 3, 2025 (expected)
  • Shares in Demat Accounts: February 4, 2025
  • Listing Date: February 5, 2025 (tentative)

Should You Subscribe to the Malpani Pipes IPO?

Given the strong subscription and positive market response, Malpani Pipes IPO presents a compelling opportunity for investors looking to tap into the growing demand for plastic pipes in infrastructure and industrial applications. However, investors should carefully consider the GMP trends and subscription status before making a decision.

Investors looking for high-growth opportunities in manufacturing and infrastructure-related stocks may find Malpani Pipes appealing. However, as with all investments, it’s crucial to evaluate the company’s fundamentals and IPO pricing before committing funds.


Conclusion

The Malpani Pipes IPO has garnered significant investor attention, with a favorable GMP and oversubscription. With the listing date scheduled for February 5, 2025, this IPO could offer good potential for those interested in the manufacturing and infrastructure sectors. Keep an eye on the allotment process and listing day performance to assess the market’s reception of this stock.

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