Malpani Pipes and Fittings SME IPO to open on January 29, Price band set at Rs 85-90 per share
Malpani Pipes and Fittings is set to launch its SME initial public offering (IPO) on January 29, 2025, with a price band of Rs 85-90 per share. The IPO aims to raise Rs 25.92 crore through the issuance of 28.80 lakh fresh shares.
Specializing in the manufacturing of high-quality pipes, including HDPE, MDPE, LLDPE, and Sprinkler and Drip Pipes under the Volstar brand, Malpani Pipes serves key sectors such as irrigation, telecommunications, and infrastructure.
The IPO will close on January 31, 2025, and the shares will be listed on the BSE SME platform, with the listing date projected for February 5, 2025.
Also Read: HDFC Bank, HAL among 10 large-cap stocks where mutual funds decreased stake in Q3
The issue proceeds will be utilized for funding capital expenditure towards the purchase of machineries, repayment of debt, to meet working capital requirements and general corporate purposes.
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