Shree Marutinandan Tubes Limited

Company Profile
Company Name Shree Marutinandan Tubes Limited
Open Date 12-01-2024
Close Date 16-01-2024
Exchange BSE SME
Lot Size 1000 Shares
Issue Price ₹143 per share
Issue Size 10,00,000 shares
Application Amount ₹1,43,000
Recommendation Avoid
Shree Marutinandan Tubes Limited was originally incorporated in the year 2013 and had its registered office in Bopal, Ahmedabad, India.The company is engaged in the business of trading Galvanized pipes, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square and rectangular hollow sections) and also trading Black Pipes and Solar Structural Pipes.The company’s products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.As of 25th December 2023, the Company had 14 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 1,301.03 1,284.83 1,617.60 2,234.29
Net Assets 59.98 65.98 267.74 409.73
Total Borrowings 773.59 642.70 716.90 607.28
Total Revenue 3,597.28 4,718.49 4,722.59 4,284.64
Profit After Tax 13.30 6.01 201.76 142.00

Tentative Timeline

Opening Date 12-01-2024
Closing Date 16-01-2024
Basis of Allotment 17-01-2024
Initiation of Refunds 18-01-2024
Credit of Shares to Demat 18-01-2024
Listing Date 19-01-2024

Objects of the Issue

To Meet Incremental Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.

Contact Information

Registered Office Shree Marutinandan Tubes Limited A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad – 380058
Phone +91 079-29795873

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Retail Shares Offered 50% of the net offer
Other Shares Offered 50% of the net offer

Shareholding Pattern

Share Holding Pre Issue 82.00%
Share Holding Post Issue 58.30%

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