Maruti Interior Products Limited IPO
BSE SME₹110,000 / 2000 Shares
Maruti Interior Products Limited IPO Details
The Maruti Interior Products Limited IPO price band is set between ₹55 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 3 Feb, 2022 and closes on 8 Feb, 2022. Investors can check the allotment status on 14 Feb, 2022, while the listing date is tentatively scheduled for 16 Feb, 2022.
The total issue size is 2,000,000 Eq Shares of ₹10, aggregating up to ₹11.00 Cr. Stay tuned for the latest Maruti Interior Products Limited IPO review and GMP updates.
Maruti Interior Products Limited IPO Review, Rating & Analysis
Maruti Interior Products Limited IPO Review
NO REVIEWMaruti Interior Products Limited IPO Rating
Maruti Interior Products Limited IPO Highlights
IPO Date
Feb 3, 2022 - Feb 8, 2022
Listing Date
16 Feb, 2022
Face Value
₹10 Per Equity Share
Price Band
₹55 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Maruti Interior Products Limited IPO Lot Size
The minimum market lot for Maruti Interior Products Limited IPO is 2000 shares with an application amount of ₹1,10,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,90,000 |
| B-HNI (Min) | 10 | 20000 | ₹11,00,000 |
Maruti Interior Products Limited IPO Timeline
Issue Price
₹55 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
ISK Advisors Pvt LtdIssue Size
2,000,000 Eq Shares of ₹10(aggregating up to ₹11.00 Cr)Maruti Interior Products Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 21 | 17.66 | 11.47 | 1.64 | - | - | - |
| 31 Mar 21 | 14.86 | 15.23 | 1.54 | - | - | - |
| 31 Mar 20 | 13.58 | 18.18 | 2.28 | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Paresh P. Lunagaria
- Mr. Purushotam R. Lunagaria
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.51% |
About Company
Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage system, aluminium long wardrobe handle & profile handle. The company has a wide range of product offerings for different customer segments. The brand Everyday Kitchen is focused on the economic range of products, while the other brand Spitze by Everyday offers premium products. Apart from the company's own branded products, it also manufactures products for big companies like Godrej, Hafele India, Kaff Appliances, Walmart, Homelane, Livespace, Spacewood, etc.
All products manufactured by MIPL are designed in-house and the company has marketing and distribution network across India. MPIL has an online presence selling direct to customers via online, e-commerce platforms like Amazon and Flipkart. With an eye on the direct customers, the company has also developed Do it yourself (DIY) products.
MIPL's factory is spread across approx. 1,00,000 sq. ft in Gujarat. The company has 300+ dealers and 25+ distributors PAN India. It also has distributors in Uganda. The company is also in process of tying up for oven wire shelf with one company in Austria.
Maruti Interior Products Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 950,000 | 950,000 | 1,900,000 |
Day 1 -03-02-22 05:30 PM | 0.42 x | 2.20 x | 1.31 x |
Day 2 -04-02-22 05:30 PM | 0.64 x | 4.68 x | 2.66 x |
Day 3 -07-02-22 05:30 PM | 2.01 x | 10.91 x | 6.46 x |
Day 4 -08-02-22 05:30 PM | 107.03 x | 39.81 x | 73.42 x |
Frequently Asked Questions about Maruti Interior Products Limited IPO IPO
When will Maruti Interior Products Limited IPO open for subscription?
The Maruti Interior Products Limited IPO opens on 3 Feb, 2022 and closes on 8 Feb, 2022.
What is the investors portion for Maruti Interior Products Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 950000.
How to apply for Maruti Interior Products Limited IPO?
You can apply for Maruti Interior Products Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Maruti Interior Products Limited IPO?
The issue size of Maruti Interior Products Limited IPO is approx ₹2,000,000 Eq Shares of ₹10(aggregating up to ₹11.00 Cr) crores.
What is the price band of Maruti Interior Products Limited IPO?
The price band for Maruti Interior Products Limited IPO is ₹55 per equity share to ₹undefined.
What is the lot size of Maruti Interior Products Limited IPO?
The minimum bid (lot size) for Maruti Interior Products Limited IPO is N/A shares with an investment of approx ₹110,000 .
What is the allotment date of Maruti Interior Products Limited IPO?
The allotment date for Maruti Interior Products Limited IPO is 14 Feb, 2022.
What is the listing date of Maruti Interior Products Limited IPO?
The listing date for Maruti Interior Products Limited IPO is expected to be 16 Feb, 2022.
What is the GMP of Maruti Interior Products Limited IPO?
The latest Grey Market Premium (GMP) for Maruti Interior Products Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.