
Emerging SME Services · BSE
Incorporated in 2013, Shree Marutinandan Tubes Limited specializes in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in sizes ranging from 15NB to 1000NB, as well as Black Tubes and Solar Structural Tubes, catering to sectors such as Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, and Engineering. While the company does not manufacture the products itself, it collaborates with Shree Kamdhenu Machinery Private Limited for contract manufacturing based on customer specifications. Its product portfolio also includes agricultural and industrial equipment such as potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators. As of December 25, 2023, the company has 14 employees.
Price Band
₹143
Issue Size
₹14.30 Cr
Lot Size
1000 shares
GMP
+11.9%
Est. Listing
₹160
at current GMP
Subscribed
—
Open
12 Jan 2024
Close
16 Jan 2024
Allotment
17 Jan 2024
Refund
18 Jan 2024
Demat Credit
19 Jan 2024
Listing
19 Jan 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
17 Jan 2024
Basis finalization
Refunds Initiate
18 Jan 2024
Mandate release
Demat Credit
19 Jan 2024
Shares in demat
Listing Debut
19 Jan 2024
Trading begins
Shree Marutinandan Tubes Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.3 Crores. The shares are offered at a price band of ₹143 to ₹143 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 2024-01-16, the basis of allotment is scheduled to be finalized on 2024-01-17. 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.