Malpani Pipes and Fitting, manufactures high-grade plastic pipes under the brand name, “Volstar”. It manufactures various products such as High-density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, sprinkler pipes, and drip pipes.
Its manufacturing plant is located in Ratlam, Madhya Pradesh, and also has warehouse in Bhiwandi and Amravati. The firm operates 10 production lines with a total installed capacity of 11,500 MTPA.
The company sells products to wholesalers and retailers, and supplies pipes for government projects. It serves customers across industries; Irrigation, Telecommunication, Industrial, Infra, and Housing.
GR Infra Projects, JWIL Infra, Virent Power & Projects, Bihani Construction, and S.B.E. Engineering and Infra are the customers. As on December 31, 2024, the company has an outstanding order book value of Rs 11,166.03 lakhs.
Malpani Pipes SME IPO Details
| IPO Opening Date | 29th Jan 2025 |
| IPO Closing Date | 31st Jan 2025 |
| Issue Price | ₹ 85 to 90 Per Share |
| Market Lot | 1600 Shares |
| 1 Lot Amount | ₹ 144000 |
| Small HNI Lot | ₹ 2 to10 Lakhs |
| Big HNI Lot | ₹ 10 + Lakhs |
| Issue Size | ₹ 25.92 Cr |
| Offer for sale | ₹ 25.92 Cr |
| Fresh Issue | ₹ 25.92 Cr |
| IPO Listing at | BSE/SME |
| Allotment Date | 3rd Feb 2025 |
| Refund Initiation | 4th Feb 2025 |
| Credit Of Shares to Demat Account | 4th Feb 2025 |
| Listing Dates | 5th Feb 2025 |
| Allotment Status check at BSE | Click here |
| Allotment Status check at NSE | Click here |