Marutinandan Tubes IPO GMP, Grey Market Premium Today

Check out Marutinandan Tubes IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Marutinandan Tubes IPO GMP started. Stay tuned for the latest IPO GMP numbers of Marutinandan Tubes IPO.

Shree Marutinandan Tubes is pleased to announce the details of its upcoming IPO. The IPO launch date is set for January 12, 2024, and will remain open until January 16, 2024. The company will utilize the BSE SME platform to raise an estimated ₹14.30 crores through the IPO. The IPO has been priced at ₹143 per share, with a market lot of 1000 shares. We invite interested investors to participate in this exciting opportunity to become part of the Shree Marutinandan Tubes family. Thank you for your interest and consideration.

What is Marutinandan Tubes IPO GMP Today?

The Marutinandan Tubes IPO GMP aka Grey Market Premium is ₹32.

 

What is Marutinandan Tubes IPO Kostak Rates Today?

The Marutinandan Tubes IPO Kostak Rate is ₹-.

 

What is Marutinandan Tubes IPO Subject to Sauda Price Today?

The Marutinandan Tubes IPO subject to sauda rates is ₹25,000.

 

Marutinandan Tubes IPO Expected Returns?

The Marutinandan Tubes expected return is 22%.

Today GMP

₹32

Shree Marutinandan Tubes IPO Market Lot

The Shree Marutinandan Tubes IPO minimum market lot is 1000 shares with a ₹143,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹143,000
Retail Maximum11000₹143,000
S-HNI Minimum22000₹286,000

Shree Marutinandan Tubes Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹35.97₹35.75₹0.13
2022₹47.18₹47.05₹0.06
2023₹47.23₹44.49₹2.02
2024 6M₹42.85₹40.94₹1.42

Shree Marutinandan Tubes specializes in trading Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes of different sizes and specifications. They also trade in Black Pipes and Solar Structural Pipes that find application in industries like agriculture, oil, public health, housing, irrigation, engineering, infrastructural, and industrial. They have robust sales and distribution networks, and most of their pipes are sold to wholesalers and distributors in the domestic market. They have a sound procurement policy and purchase in large volumes, enabling them to stock products and ensure timely delivery. By purchasing in large volumes, they can purchase inventory at lower prices than their competitors and sell their products at competitive prices.

Shree Marutinandan Tubes is a well-established company that has left an indelible mark in the trading of steel tubes and pipes. From FY 2023, the company has decided to take a strategic step of forward integration to expand their business horizons and diversify their offerings. They have partnered with their group company, Shree Kamdhenu Machinery Private Limited, to manufacture agricultural equipment, catering to the growing demand for agricultural machinery and equipment in the market.

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