
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹90
Band: ₹85 – ₹90
Estimated Listing Price
₹92
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,44,000
Estimated Profit / Lot
₹3,200
1600 × ₹2
Grey Market Premium trend
+₹2
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹2 | 2.2% | ₹92 |
| 30 Oct 2026 | +₹2 | 2.2% | ₹92 |
| 29 Oct 2026 | +₹2 | 2.0% | ₹92 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Malpani Pipes And Fittings Limited IPO is ₹2, which indicates an expected listing price of ₹92.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.