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Shree Marutinandan Tubes Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Shree Marutinandan Tubes Ltd IPO

Registered Office: A-21 2nd Flr Amrapali Complex,S P Ring Road Bopal , Ahmedabad - 380058 , Gujarat , India.
Phone : +91 079-29795873   Fax:
Email :  cs@shreemarutitubes.com  
Website :  www.shreemarutitubes.com
Public issue of 10,00,000 equity shares of face value of (Rs)10/- each of shree Marutinandan Tubes Limited ("Shree" or the "Company" or the "Issuer") for cash at a price of (Rs)143/- per equity share including a share premium of (Rs)133/- per equity share (the "Issue Price") aggregating to (Rs)14.30 crores ("The Issue"), of which 50,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)143/- per equity share including a share premium of (Rs)133/- per equity share aggregating to (Rs)0.72 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 9,50,000 equity shares of face value of (Rs)10/- each at a price of (Rs)143/- per equity share including a share premium of (Rs)133/- per equity share aggregating to (Rs)13.59 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.90% and 27.46% respectively of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jan-24 16-Jan-24 (Rs)143.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  (Rs Cr) Lead Managers to the Issue
Project Cost 13.60
Swastika Investmart Ltd
Project Financed through Current Offer 14.30  
Post Issue Equity Share Capital 3.46  
Issue Price (Rs)143.00  
 
Projects
To meet incremental working capital requirementsGeneral corporate purposes
Promoted By
Vikram Shivratan Sharma  
Bharat Shivratan Sharma  
Kusumlata Shivratan Sharma  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd