58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Shree Marutinandan Tubes Limited IPO Analysis

Shree Marutinandan Tubes IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Steel - Tubes And Pipes sector. Swastika Investmart is the merchant banker of Shree Marutinandan Tubes IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd November 2023.

Shree Marutinandan Tubes IPO posted revenues of Rs 85.70 crores and PAT of Rs 2.84 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

Shree Marutinandan IPO Financial Performance (Restated)

Financial results of Shree Marutinandan Tubes IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-23
FY23
FY22
FY21
Balance Sheet
Assets
22.34
16.18
12.85
13.01

Net Worth
4.10
2.68
0.66
0.60

Total Debt
6.07
7.17
6.89
7.95

Profit & Loss
Revenue
Revenue on annualised basis
42.77
85.54
47.17
47.14
35.64

EBITDA
EBITDA on annualised basis
2.25
4.50
3.54
0.80
0.97

PAT
PAT on annualised basis
1.42
2.84
2.02
0.06
0.13

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Shree Marutinandan IPO Key performance Indicators (KPI)

Shree Marutinandan Tubes IPO PAT Margin is 3.32%, ROCE (Return on Capital Employed) is 9.55% as per latest financial. The below table shows Shree Marutinandan Tubes IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-23
FY23
FY22
FY21

EBITDA Margin (%)
5.26
7.50
1.70
2.72

PAT Margin (%)
3.32
4.28
0.13
0.36

EPS (Rs.)
5.77
98.42
2.93
6.49

ROE (%)
34.63
75.37
9.09
21.67

ROCE (%)
9.55
30.62
29.21
25.94

ROA (%)
6.36
12.48
0.47
1.00

Debt to Equity (x)  
1.48
2.68
10.44
13.25

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Shree Marutinandan Tubes IPO Valuation Metrics

The market Capitalisation of Shree Marutinandan Tubes IPO is Rs 49.48 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
49.48

Enterprice Value (EV) (Rs. Cr.):
55.46

EV/EBITDA (times) :
12.32

PE Multiple (times) :
17.42

P/B (times) :
2.69

NAV (Rs.) :
16.66

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Shree Marutinandan prospectus?

The Shree Marutinandan Tubes IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Shree Marutinandan IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Shree Marutinandan Tubes IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Shree Marutinandan IPO ?

The post-IPO market capitalisation of Shree Marutinandan Tubes IPO is ₹49.48 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Shree Marutinandan IPO?

The Shree Marutinandan Tubes IPO has a Price-to-Earnings (PE) ratio of 17.42 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Shree Marutinandan Tubes IPO?

Shree Marutinandan Tubes IPO reported revenue of ₹85.70 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Shree Marutinandan Tubes IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Shree Marutinandan Tubes IPO?

Shree Marutinandan Tubes recorded an EBITDA of ₹ 4.50 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Shree Marutinandan Tubes IPO?

Shree Marutinandan Tubes Profit After Tax (PAT) is ₹2.84 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 85.54 Cr.
            EBITDA: ₹ 4.50 Cr.
            PAT: ₹ 2.84 Cr.
  • EBITDA Margin: 5.26 %
            Pat Margin: 3.32%
  • Net Worth: ₹ 4.10 Cr.
  • Market Capitalisation: ₹ 49.48 Cr.
  • P/E: 17.42 times
  • P/BV: 2.69 times
  • EV/EBITDA: 12.32 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Shree Marutinandan Tubes operates in Steel - Tubes And Pipes and Trading Of Galvanized Pipe, Electric Resistance Welding Mild Steel. The Issue is listed on BSE SME in Jan, 2024. Shree Marutinandan Tubes IPO size was 14.30 with Issue price of 143.00 .

Shree Marutinandan Tubes IPO subscription was 47.16 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Shree Marutinandan Tubes IPO listed at a listing price of 210.00 against the offer price of 143.00.

The current market price of Shree Marutinandan Tubes is 78.00.

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