
Capital Goods / Industrials · BSE
Malpani Pipes and Fittings Limited, established in 2017, is a manufacturer of high-quality plastic pipes under the brand "Volstar." The company also trades in granules and PVC pipes. Its product range includes HDPE, MDPE, and LLDPE pipes, used for irrigation, water supply, sewerage, drainage, and infrastructure projects. Based in Ratlam, Madhya Pradesh, the company operates a manufacturing plant with 10 production lines and an in-house testing facility, with an annual capacity of 11,500 M.T.P.A. It supplies products through wholesalers, retailers, government projects, and farmer welfare schemes. As of December 31, 2024, the company had 51 full-time employees and 30 contract workers.
Price Band
₹85 – ₹90
Issue Size
₹25.92 Cr
Lot Size
1600 shares
GMP
+2.2%
Est. Listing
₹92
at current GMP
Subscribed
147.23x
overall
Open
29 Jan 2025
Close
31 Jan 2025
Allotment
1 Feb 2025
Refund
2 Feb 2025
Demat Credit
3 Feb 2025
Listing
4 Feb 2025
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Feb 2025
Basis finalization
Refunds Initiate
2 Feb 2025
Mandate release
Demat Credit
3 Feb 2025
Shares in demat
Listing Debut
4 Feb 2025
Trading begins
Malpani Pipes And Fittings Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrials sector with an aggregate issue size of ₹25.92 Crores. The shares are offered at a price band of ₹85 to ₹90 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-01-31, the basis of allotment is scheduled to be finalized on 2025-02-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.