Malpani Pipes & Fittings Ltd - IPO

Malpani Pipes & Fittings Ltd IPO Details

Iitial public issue of upto 28,80,000 equity shares of face value of Rs. 10/- each of Malpani Pipes and Fittings Limited (MPFL or the company or the issuer) for cash at a price of Rs. 90 per equity share including a share premium of Rs. 80 per equity share (the issue price) aggregating to Rs. 25.92 (the issue), of which 1,45,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 90 per equity share including a share premium of Rs. 80 per equity share aggregating to Rs. 1.31 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e., net issue of 27,34,400 equity shares of face value of Rs. 10/- each at a price of Rs. 90 per equity share aggregating to Rs. 24.61 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.72 % and 25.37% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 9 times of the face value.

Objective of issue

Capital expenditure for plant and machinery. Repayment of Debt. General corporate purposes.

Malpani Pipes & Fittings Ltd Contact Details

Malpani Pipes & Fittings Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - pipes@malpanipipes.com

Website - www.malpanipipes.com