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Shree Marutinandan Tubes IPO
Price Band
₹
Issue Size
₹14.3 Cr
Lot Size
1,000 shares
Min Investment
₹143,000
GMP
+₹17.0 (11.89%)
Issue Price
₹143.0
Subject to Sauda
₹12900
Paid only if allotted
Shree Marutinandan Tubes IPO AI Summary
- Shree Marutinandan Tubes IPO is listed on BSE SME in the Iron & Steel Products sector.
- Subscription window: 12 Jan–16 Jan 2024, listing on 19 Jan 2024.
- Current GMP is +₹17.0 (11.89%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shree Marutinandan Tubes IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shree Marutinandan Tubes IPO Grey Market Premium (GMP) Today
GMP
+₹17.0
GMP %
+11.89%
Est. Listing
₹160.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc. The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer's specifications. The company's product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators. As of December 25, 2023, the company has 14 employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.34 | 16.18 | 12.85 | 13.01 |
| Total Income | 42.85 | 47.23 | 47.18 | 35.97 |
| Profit After Tax | 1.42 | 2.02 | 0.06 | 0.13 |
| NET Worth | 4.10 | 2.68 | 0.66 | 0.60 |
| Reserves and Surplus | 1.64 | 2.47 | 0.45 | 0.39 |
| Total Borrowing | 6.07 | 7.17 | 6.89 | 7.95 |
Key Ratios
EPS
₹8.20
NAV
₹130.60
ROE
120.91%
ROCE
78.52%
RoNW
75.36%
P/B Value
1.09
P/E Ratio
17.44
Market Cap
₹49.48 Cr
PAT Margin
4.27%
Debt/Equity
2.68
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| APL Apollo Tubes Limited | 13.25 | 19.91% | 65.26 | 18.47 |
| Hi Tech Pipes Limited | 28.09 | 7.87% | 33.98 | 2.35 |
| Swastik Tubes Limited | 89.67 | 4.4% | 17.51 | 4.53 |
| Shree Marutinandan Tubes Limited This IPO | 130.6 | 75.36% | 17.44 | 8.2 |
Promoters
Vikram Shivratan Sharma, Bharat Shivratan Sharma and Kusumlata Shivratan Sharma
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Incremental Working Capital Requirements 10.60 2 General Corporate Purposes 3.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹35.97 Cr in the period ending 31 Mar 2021, rising to ₹47.18 Cr by 31 Mar 2022, and remaining relatively stable at ₹47.23 Cr in the period ending 31 Mar 2023. However, it decreased to ₹42.85 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.13 Cr in the period ending 31 Mar 2021, increasing to ₹0.06 Cr by 31 Mar 2022, and further rising to ₹2.02 Cr in the period ending 31 Mar 2023. It then decreased to ₹1.42 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 17.44 trailing earnings, versus peers trading at 17.51-65.26.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the difference between the issue price and the anticipated market price on the listing day. A positive GMP suggests that the stock may list at a higher price than its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid investing in IPOs like this one, which can be subject to significant price fluctuations and uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not perform as well. Investors should be aware that market conditions, investor sentiment, and overall economic factors can influence the stock's performance on listing day.
This evaluation is generated from Shree Marutinandan Tubes's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shree Marutinandan Tubes IPO GMP today?
Shree Marutinandan Tubes IPO GMP today is +₹17.0 (11.89%). GMP is an unofficial grey-market indicator and can change daily.
When does Shree Marutinandan Tubes IPO open and close?
Shree Marutinandan Tubes IPO opens on 12 January 2024 and closes on 16 January 2024.
When does Shree Marutinandan Tubes IPO list on the stock exchange?
Shree Marutinandan Tubes IPO listed on 19 January 2024 at ₹160.0.
What is the lot size for Shree Marutinandan Tubes IPO?
The lot size for Shree Marutinandan Tubes IPO is 1000 shares, requiring a minimum investment of ₹143,000.
What is the lot size for this IPO?
The lot size for Shree Marutinandan Tubes IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹143,000.
What is the issue price of the IPO?
The issue price of the Shree Marutinandan Tubes IPO is ₹143.0.
When is the listing date?
The listing date for this IPO is January 19, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Jan 2024
Close
16 Jan 2024
Allotment
17 Jan 2024
Listing
19 Jan 2024
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