Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage system, aluminium long wardrobe handle & profile handle.
| Bidding Dates |
|---|
| 03 Feb 2022 - 08 Feb 2022 |
| Subscription |
|---|
| 73.42x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 2000 | 2.0 M | ₹55 | 73.51 % | ₹110.0 M | RHP DOC |
Maruti Interior Products IPO SUBSCRIPTION STATUS
08 Feb '22Maruti Interior Products IPO overall subscription rate was 73.42 times the total available shares
Maruti Interior Products IPO retail subscription rate was 39.81 times in the retail segment
Maruti Interior Products IPO non-institutional investor subscription rate was 107.03 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Feb 2022 (Day 3) | 10.91x | 2.01x | - |
08 Feb 2022 (Day 4) | 39.81x | 107.03x | - |
03 Feb 2022 (Day 1) | 2.2x | 0.42x | - |
04 Feb 2022 (Day 2) | 4.68x | 0.64x | - |
Maruti Interior Products FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY21 | 16.5 | 114.6 | 6.5 | -2.9 |
| FY21 | 15.4 | 151.9 | 18.9 | 0.1 |
| FY20 | 22.9 | 181.2 | 25.8 | -13.7 |
| FY19 | 98.2 | 117.1 | 10.6 | 8.3 |
Maruti Interior Products IPO SUBSCRIPTION STATUS DETAILS
Maruti Interior Products had 2.0 M shares on offer
Maruti Interior Products IPO offer price was ₹55
Maruti Interior Products IPO minimum Investment was ₹110000
Maruti Interior Products IPO issue size was ₹ 110.0 M
Maruti Interior Products had a minimum lot size of 2000 Shares per application
Maruti Interior Products NUMBER OF SHARES ON OFFER
Maruti Interior Products IPO IMPORTANT DATES
| Issue Open Date | 03 Feb 2022 |
| Issue close Date | 08 Feb 2022 |
| Allotment Date | 11 Feb 2022 |
| Refund Date | 14 Feb 2022 |
| Demat Account Credit Date | 15 Feb 2022 |
| Listing Date | 16 Feb 2022 |
| Listing on Exchange(s) | BSE |
| Maruti Interior Products Allotment Status | Exchange |
Maruti Interior Products IPO subscription opened on 03 Feb 2022, and closed on 08 Feb 2022
IPO allotment for Maruti Interior Products was finalized on Friday, 11 Feb 2022
IPO listing for Maruti Interior Products was on BSE on Wednesday, 16 Feb 2022
Maruti Interior Products IPO LISTING GAINS
| Issue Price (adjusted) | 27.5 |
| Listing Open Price | 68.5 |
| Listing Close Price | 71.9 |
| Listing Gain% | 24.6% |
| Current Gain% | 32.9% |
Maruti Interior Products Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maruti Interior Products Ltd. | 36.5 | 27.6 | 21.1 | -0.3 | 0.5 | 22.6 | 11.6 | 59.9 | 36.4 | 10.4 | 115.7 | 1.7 | -73 |
| Sheela Foam Ltd. | 677.4 | 7397.4 | 34.5 | 0.1 | 1.8 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 273.7 | 6983.4 | 75.1 | 0.4 | 2.2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169.4 | 4517.4 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Wakefit Innovations Ltd. | 127.8 | 4233.1 | 21.9 | 2.7 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | ||
| Euro Pratik Sales Ltd. | 314.1 | 3210.1 | 41.6 | 85.9 | 9.6 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 7.5 | 0.5 |
Maruti Interior Products INFORMATION ON IPO ISSUE
About Maruti Interior Products
Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage system, aluminium long wardrobe handle & profile handle.
Object of the Issue
- To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant
- Working capital requirements
- General corporate purpose
Maruti Interior Products - PROMOTERS
| Name |
|---|
| Purshotam Rudabhai Lunagaria |
| Paresh Purushotam Lunagaria |
Maruti Interior Products Lead Manager
Isk Advisors Private Limited
ncmpl@ncmpl.com
Maruti Interior Products Registrar to the issue
Bigshare Services Pvt. Ltd
ipo@bigshareonline.com
Maruti Interior Products Strengths
Factory – Manufacturing Facility
The factory is spread across approx. 1,00,000 sq. ft. of area equipped with automatic machines for Wire Straightening, Wire Cutting, Wire Bending, Wire Welding, etc
Customers & Marketing Set-Up
The Company believes in manufacturing the best quality products and that’s the major reason for being awarded the orders.
Maruti Interior Products Risks
Legal proceedings
The company is a party to certain legal proceedings under Direct Tax law, Indirect Tax Law and other Acts.
Dependent on third-party suppliers
Third-party suppliers, on whom the company relies for the production of a significant proportion of the products, may fail to deliver products of sufficient quality or in a timely manner,
IPO FAQs
Maruti Interior Products Ltd. IPO listing opened at Rs 68.50 while the issue price was Rs 55.00 giving 24.55% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 27.50 giving 32.87% gains since its IPO listing.
The promoters of the company are Purshotam Rudabhai Lunagaria and Paresh Purushotam Lunagaria.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 55.0 - 55.0.
The IPO application opens on Feb 03, 2022 and closes on Feb 08, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Feb 11, 2022.
The refund will be credited to your account on Feb 14, 2022.
The allotted shares will be credited to your demat on Feb 15, 2022.
Maruti Interior Products Ltd.’s shares listed on the stock exchanges on Feb 16, 2022.