Shree Marutinandan Tubes is actively involved in the trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (“ERW MS”) Pipes (round pipes, square, and rectangular hollow sections) with a broad range of specifications and sizes spanning from 15NB to 1000 NB. The company also engages in the trading of Black Pipes and Solar Structural Pipes, finding applications across diverse industries such as Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, and Industrial sectors.
The company boasts independent sales and distribution networks for its products, with a significant majority of steel pipes being sold to wholesalers and distributors in domestic markets. Procurement of Steel Pipes occurs from reputed domestic manufacturers, emphasizing strong business associations with suppliers. A procurement policy is in place, involving large volume purchases to ensure stock availability and facilitate timely product delivery to end customers. Shree Marutinandan Tubes believes that this strategy, by acquiring inventory in large volumes, allows them to obtain lower prices compared to competitors, enabling them to offer competitive pricing to customers.
As a well-established entity in the trading of steel tubes and pipes, Shree Marutinandan Tubes took a strategic step towards forward integration in FY 2023 to expand its business scope and diversify its offerings. In pursuit of this goal, the company entered into an agreement with its group company, Shree Kamdhenu Machinery Private Limited, for the contract manufacturing of agricultural equipment. This strategic move enables Shree Marutinandan Tubes to offer a more extensive range of products, addressing the growing demand for agricultural machinery and equipment in the market.
The operational process is straightforward yet effective. Shree Marutinandan Tubes receives orders from clients for customizable agricultural equipment based on their specific needs and requirements. Instead of internal manufacturing, the company collaborates with Shree Kamdhenu Machinery Private Limited, a reliable and efficient contract manufacturing company, to produce agricultural equipment according to its specifications. The company’s product portfolio now includes various agricultural equipment such as potato digger machines, grader machines, hopper machines, groundnut de-stoner machines, pipe winder machines, and rotavators.
By leveraging the expertise and capabilities of Shree Kamdhenu Machinery Private Limited, Shree Marutinandan Tubes ensures that the agricultural equipment it sells maintains top-notch quality, meeting the exact specifications and expectations of clients. This collaborative approach not only facilitates an expansion of product offerings but also positions the company at the forefront of the agricultural equipment market, providing innovative and reliable solutions to farmers and agricultural businesses.
Shree Marutinandan Tubes IPO Complete Details:
Shree Marutinandan Tubes IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP Of Shree Marutinandan Tubes is Around 32 Rs.
Objects Of Issue:
1. Addressing Incremental Working Capital Needs.
2. General Corporate Purposes.
3. Covering Public Issue Expenses.
Promoters:
The company’s promoters include Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma.
FAQs:
When Shree Marutinandan Tubes IPO is Opening?
Shree Marutinandan Tubes IPO is Opening on 12 January 2024.
When is the Shree Marutinandan Tubes IPO Closing?
Shree Marutinandan Tubes IPO is Closing on 16 January 2024.
What is the Issue Size of the Shree Marutinandan Tubes IPO?
The IPO Issue Size of Shree Marutinandan Tubes is 14.30 Crore.
Price Band of Shree Marutinandan Tubes IPO?
The price Band of Shree Marutinandan Tubes IPO is 143 rupees per share.
What is the minimum investment for Shree Marutinandan Tubes IPO?
The minimum investment for the Shree Marutinandan Tubes IPO is 143,000 Rupees.
Allotment Date of Shree Marutinandan Tubes IPO?
The Allotment of Shree Marutinandan Tubes IPO is on 17 January 2024.
Listing Date of Shree Marutinandan Tubes IPO?
The Listing Of Shree Marutinandan Tubes is Scheduled on 19 January 2024.
One Should Apply for Shree Marutinandan Tubes IPO or Not?
MAY APPLY
How to apply for Shree Marutinandan Tubes IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Shree Marutinandan Tubes IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Shree Marutinandan Tubes IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Shree Marutinandan Tubes IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Shree Marutinandan Tubes IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Shree Marutinandan Tubes IPO from the list ——–> Click on Shree Marutinandan Tubes IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of the Shree Marutinandan Tubes?
Swastika Investmart Limited is the Lead Manager of Shree Marutinandan Tubes.
Where To Check the Allotment of Shree Marutinandan Tubes IPO?
The allotment status for the Shree Marutinandan Tubes IPO will be accessible on the Bigshare Services Private Limited Website.
Shree Marutinandan Tubes IPO is going to be listed at?
Shree Marutinandan Tubes IPO is going to be listed at BSE SME.
What is the Lot Size of the Shree Marutinandan Tubes IPO?
The lot size of the Shree Marutinandan Tubes IPO is 1000 Shares.
What is the P/E Ratio of the Shree Marutinandan Tubes IPO?
The P/E Ratio of the Shree Marutinandan Tubes is 17.44.
What is the ROE of the Shree Marutinandan Tubes IPO?
The ROE of the Shree Marutinandan Tubes IPO is 120.91%.
What is the ROCE of the Shree Marutinandan Tubes IPO?
The ROCE of the Shree Marutinandan Tubes IPO is 78.52%.
What is the EPS of the Shree Marutinandan Tubes IPO?
The EPS of the Shree Marutinandan Tubes IPO is 8.2.