Incorporated in 2013, Shree Marutinandan Tubes Limited deals in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes (ERW MS) in various specifications and sizes ranging from 15NB to 1000 NB, and Black Tubes and Solar Structural Tubes for sectors like Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
The company does not manufacture the equipment itself, but works with Shree Kamdhenu Machinery Private Limited, a contract manufacturing company, to manufacture the products according to the customer’s specifications.
The company’s product range also includes potato harvesters, grading machines, hoppers, peanut destoners, tube winders, and rotavators.
As of December 25, 2023, the company has 14 employees.
Shree Marutinandan Tubes Limited’s revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,234.29 | 1,617.60 | 1,284.83 | 1,301.03 |
| Revenue | 4,284.64 | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 141.99 | 201.76 | 6.01 | 13.30 |
| Net Worth | 409.70 | 267.74 | 65.98 | 59.98 |
| Reserves and Surplus | 163.73 | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 607.28 | 716.90 | 688.89 | 795.31 |
| Amount in ₹ Lakhs | ||||
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Shree Marutinandan Tubes IPO opens on January 12, 2024, and closes on January 16, 2024.
| IPO Open Date | Friday, January 12, 2024 |
| IPO Close Date | Tuesday, January 16, 2024 |
| Basis of Allotment | Wednesday, January 17, 2024 |
| Initiation of Refunds | Thursday, January 18, 2024 |
| Credit of Shares to Demat | Thursday, January 18, 2024 |
| Listing Date | Friday, January 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 16, 2024 |
As per our analysis and Based on the information we have, this is the output.
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