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

Malpani Pipes & Fittings Limited IPO Analysis

Malpani Pipes & Fittings IPO is a book build IPO listing on BSE SME exchange. The company is based in Ratlam and caters to Steel - Tubes And Pipes sector. Interactive Financial Services is the merchant banker of Malpani Pipes & Fittings IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th September 2024.

Malpani Pipes & Fittings IPO posted revenues of Rs 126.82 crores and PAT of Rs 7.63 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Book Building

Malpani Pipes IPO Financial Performance (Restated)

Financial results of Malpani Pipes & Fittings IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Nov-24
FY24
FY23
FY22
Balance Sheet
Assets
90.76
61.35
38.94
21.30

Net Worth
19.73
14.77
5.83
3.76

Total Debt
35.74
30.29
19.59
8.98

Profit & Loss
Revenue
Revenue on annualised basis
84.10
126.15
140.96
82.45
34.91

EBITDA
EBITDA on annualised basis
9.21
13.82
13.29
4.41
1.89

PAT
PAT on annualised basis
5.09
7.64
7.40
2.08
0.89

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.

Malpani Pipes IPO Key performance Indicators (KPI)

Malpani Pipes & Fittings IPO PAT Margin is 6.05%, ROCE (Return on Capital Employed) is 11.17% as per latest financial. The below table shows Malpani Pipes & Fittings IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Nov-24
FY24
FY23
FY22

EBITDA Margin (%)
10.95
9.43
5.35
5.41

PAT Margin (%)
6.05
5.25
2.52
2.55

EPS (Rs.)
6.45
37.17
10.78
4.61

ROE (%)
25.80
50.10
35.68
23.67

ROCE (%)
11.17
21.74
12.78
10.66

ROA (%)
5.61
12.06
5.34
4.18

Debt to Equity (x)  
1.81
2.05
3.36
2.39

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.

Malpani Pipes & Fittings IPO Valuation Metrics

The market Capitalisation of Malpani Pipes & Fittings IPO is Rs 97.00 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.):
97.00

Enterprice Value (EV) (Rs. Cr.):
132.55

EV/EBITDA (times) :
9.59

PE Multiple (times) :
12.69

P/B (times) :
2.12

NAV (Rs.) :
24.98

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 Malpani Pipes prospectus?

The Malpani Pipes & Fittings 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 Malpani Pipes IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Malpani Pipes & Fittings 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 Malpani Pipes IPO ?

The post-IPO market capitalisation of Malpani Pipes & Fittings IPO is ₹97.00 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 Malpani Pipes IPO?

The Malpani Pipes & Fittings IPO has a Price-to-Earnings (PE) ratio of 12.69 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 Malpani Pipes & Fittings IPO?

Malpani Pipes & Fittings IPO reported revenue of ₹126.82 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Malpani Pipes & Fittings IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Malpani Pipes & Fittings IPO?

Malpani Pipes & Fittings recorded an EBITDA of ₹ 13.82 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Malpani Pipes & Fittings IPO?

Malpani Pipes & Fittings Profit After Tax (PAT) is ₹7.64 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: ₹ 126.15 Cr.
            EBITDA: ₹ 13.82 Cr.
            PAT: ₹ 7.64 Cr.
  • EBITDA Margin: 10.95 %
            Pat Margin: 6.05%
  • Net Worth: ₹ 19.73 Cr.
  • Market Capitalisation: ₹ 97.00 Cr.
  • P/E: 12.69 times
  • P/BV: 2.12 times
  • EV/EBITDA: 9.59 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Malpani Pipes & Fittings operates in Steel - Tubes And Pipes and Engaged In Manufacturing High-grade Plastic Pipes.. The Issue is listed on BSE SME in Feb, 2025. Malpani Pipes & Fittings IPO size was 25.92 with Issue price of 90.00 .

Malpani Pipes & Fittings IPO subscription was 146.93 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.

Malpani Pipes & Fittings IPO listed at a listing price of 85.90 against the offer price of 90.00.

The current market price of Malpani Pipes & Fittings is 70.20.

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