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.


Shree Marutinandan Tubes IPO Details

IPO Date January 12, 2024 to January 16, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹143 per share
Lot Size 1000 Shares
Total Issue Size 1,000,000 shares
(aggregating up to ₹14.30 Cr)
Fresh Issue 1,000,000 shares
(aggregating up to ₹14.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue 2,460,000
Share holding post issue 3,460,000
Market Maker portion 50,000 shares


Shree Marutinandan Tubes IPO Reservation

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


Shree Marutinandan Tubes IPO Timeline (Tentative Schedule)

Shree Marutinandan Tubes IPO opens on January 12, 2024, and closes on January 16, 2024.

IPO Open Date Friday, January 12, 2024
IPO Close Date Tuesday, January 16, 2024
Basis of Allotment Wednesday, January 17, 2024
Initiation of Refunds Thursday, January 18, 2024
Credit of Shares to Demat Thursday, January 18, 2024
Listing Date Friday, January 19, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 16, 2024


Shree Marutinandan Tubes IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹143,000
Retail (Max) 1 1000 ₹143,000
HNI (Min) 2 2,000 ₹286,000


Shree Marutinandan Tubes IPO Promoter Holding

Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, and Mrs. Kusumlata Shivratan Sharma are the company promoters.

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


Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited’s revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 2,234.29 1,617.60 1,284.83 1,301.03
Revenue 4,284.64 4,722.58 4,718.49 3,597.28
Profit After Tax 141.99 201.76 6.01 13.30
Net Worth 409.70 267.74 65.98 59.98
Reserves and Surplus 163.73 247.24 45.48 39.48
Total Borrowing 607.28 716.90 688.89 795.31
Amount in ₹ Lakhs


Key Performance Indicator

KPI Values
ROE 120.91%
ROCE 78.52%
Debt/Equity 2.68
RoNW 75.36%


Objects of the Issue (Shree Marutinandan Tubes IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

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