Maruti Interior IPO: Price, Lot Size, Allotment, Listing Date & GMP
Maruti Interior Products Limited was established in 1997 by Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria. The company operated in the manufacturing and export segment of interior and kitchen storage products.
Maruti Interior IPO opened in February 2022 at an issue price of ₹55 per share. The company offered a fresh issue of ₹11.00 Crore. Investors could apply for a minimum of 2,000 shares, which required an investment of ₹1,10,000.
The company planned to list its shares on the BSE SME platform. Furthermore, Maruti Interior focused on modular kitchen storage systems, aluminium wardrobe handles and profile handles.
Maruti Interior Company Profile
Maruti Interior manufactured and sold modular kitchen storage systems and aluminium long wardrobe handles. The company also supplied profile handles to customers in India and overseas markets.
The company offered products for different customer segments. Its Everyday Kitchen brand focused on the economic segment. Meanwhile, Spitze by Everyday targeted customers looking for premium products.
In addition to its own brands, Maruti Interior manufactured products for several established companies. Its customers and business relationships included Godrej, Hafele India, Kaff Appliances, Walmart, HomeLane, Livspace and Spacewood, according to the supplied IPO information.
The company had more than 300 dealers and over 25 distributors across India. It also had a distributor in Uganda, supporting its presence outside the domestic market.
Maruti Interior Business and Growth Plans
Maruti Interior planned to expand its dealer and distributor network over the following five years. The company targeted approximately 200 additional active dealers and 15 additional distributors.
Furthermore, the company had started discussions with international customers. It was in the initial stage of working with Walmart USA and was also discussing large-volume wire product requirements with two companies.
In addition, Maruti Interior was working towards a potential tie-up with a company in Austria for oven wire shelves. These initiatives could support future business expansion, although the actual outcome would depend on successful commercial agreements and execution.
What Does Maruti Interior Manufacture?
The company focused on products used in kitchens, wardrobes and interior applications. Its product portfolio included modular kitchen storage systems, aluminium wardrobe handles and profile handles.
Maruti Interior also manufactured products for third-party brands and large customers. Therefore, its business model included both branded products and manufacturing relationships with other companies.
This combination allowed the company to serve different customer segments. It also helped Maruti Interior participate in the wider kitchen, furniture and interior-products supply chain.
Maruti Interior IPO Details
| IPO Details | Information |
|---|---|
| Company Name | Maruti Interior Products Limited |
| IPO Name | Maruti Interior IPO |
| IPO Opening Date | 03 February 2022 |
| IPO Closing Date | 08 February 2022 |
| IPO Price | ₹55 per share |
| Fresh Issue | ₹11.00 Crore |
| Total Issue Size | ₹11.00 Crore |
| Lot Size | 2,000 shares |
| Face Value | ₹10 per share |
| Issue Type | Fixed Price Issue |
| Listing | BSE SME |
The Maruti Interior IPO had a total issue size of ₹11.00 Crore. The entire issue consisted of a fresh issue. Consequently, the company planned to raise funds directly through the IPO.
Maruti Interior IPO Market Lot
The IPO lot size was 2,000 shares. At an issue price of ₹55 per share, investors needed ₹1,10,000 to apply for one lot.
| Application | Lot | No. of Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 shares | ₹1,10,000 |
| Maximum | 1 | 2,000 shares | ₹1,10,000 |
Minimum investment: 2,000 shares × ₹55 = ₹1,10,000.
Since Maruti Interior was an SME IPO, investors needed to consider the minimum application amount carefully. In addition, SME stocks can have different trading volumes and liquidity compared with mainboard companies.
Maruti Interior IPO Financial Performance
Financial performance helps investors understand the company’s historical revenue, assets and profitability. The available IPO financial information for Maruti Interior included restated consolidated figures for the reported period.
| Financial Particulars | Amount |
|---|---|
| Financial Period | 30 September 2021 (Restated Consolidated) |
| Total Assets | ₹176.66 Million |
| Total Revenue | ₹114.75 Million |
| Profit After Tax | ₹16.49 Million |
| EPS FY2021 | Not available in the supplied data |
The reported figures showed total revenue of ₹114.75 million. Meanwhile, profit after tax stood at ₹16.49 million, while total assets reached ₹176.66 million.
However, investors should look beyond one financial period when evaluating an IPO. Revenue growth, profit margins, debt, valuation, customer concentration and future business prospects can also affect the investment outlook.
Maruti Interior IPO DRHP
The Draft Red Herring Prospectus contains detailed information about the company’s business, financial performance, promoters, risk factors and IPO objectives.
Investors researching the historical Maruti Interior IPO can refer to the prospectus for additional information about the issue.
Download Maruti Interior IPO DRHP
Maruti Interior IPO Subscription Status
IPO subscription data shows the demand received from different investor categories during the bidding period. Therefore, subscription figures can help readers understand investor participation in the historical IPO.
For day-wise subscription information, readers can visit the Maruti Interior IPO subscription page on IPOWala.
Check Maruti Interior IPO Subscription Status Day by Day
Maruti Interior IPO GMP
Grey Market Premium (GMP) is an unofficial indicator that some market participants use to track sentiment before an IPO listing. However, GMP does not come from a regulated stock exchange and cannot guarantee the actual listing price.
Because the Maruti Interior IPO was launched in 2022, any GMP information should be treated as historical IPO-period data. It should not be presented as a current market premium.
Check Maruti Interior IPO GMP Details
Maruti Interior IPO Allotment Date & Details
The Maruti Interior IPO allotment was scheduled for 11 February 2022. Investors who did not receive an allotment were scheduled to receive refunds from 14 February 2022.
Successful applicants were expected to receive their shares in their Demat accounts on 15 February 2022. The IPO was scheduled to list on the BSE SME platform on 16 February 2022.
| IPO Event | Date |
|---|---|
| Allotment Date | 11 February 2022 |
| Initiation of Refunds | 14 February 2022 |
| Transfer of Shares to Demat Accounts | 15 February 2022 |
| Listing Date | 16 February 2022 |
| Check Allotment Status | Check IPO Allotment Status |
How to Check Maruti Interior IPO Allotment Status?
Bigshare Services Private Limited handled the registrar activities for the Maruti Interior IPO. Investors could check their allotment status through the registrar’s IPO status page.
To check the status, investors could visit the Bigshare IPO allotment page and enter the required application details. The registrar would then display the applicable allotment information.
Check Maruti Interior IPO Allotment Status
Maruti Interior IPO Registrar
Bigshare Services Pvt. Ltd. acted as the registrar for the Maruti Interior IPO.
1st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
| Telephone | +91-22-62638200 |
| Fax | +91-22-62638299 |
| ipo@bigshareonline.com | |
| Website | www.bigshareonline.com |
| Investor Grievance Email | investor@bigshareonline.com |
| Contact Person | Mr. Babu Rapheal |
| SEBI Registration No. | INR000001385 |
Maruti Interior Contact Details
Maruti Interior Products Limited was based in Veraval, Gujarat. The company operated under the Everyday and Spitze by Everyday brands.
Plot No. 13, Jay Krishna Industrial Estate,
Veraval, Taluka Kotda Sangani,
Veraval, Gujarat – 360024
| Phone | +91-2827-253895 |
| compliance@everyday-india.com | |
| Website | spitzebyeveryday.com |
Maruti Interior IPO Lead Manager
ISK Advisors Private Limited acted as the lead manager for the Maruti Interior IPO.
501, A. N. Chambers,
130, Turner Road,
Bandra West, Mumbai – 400 050
| Telephone | +91-22-26431002 |
| ncmpl@ncmpl.com | |
| Website | www.iskadvisors.com |
| Investor Grievance Email | enquiry@ncmpl.com |
| Contact Person | Mr. Ronak I. Kadri |
| SEBI Registration No. | INM000012625 |
Maruti Interior IPO: Key Points
The following table summarizes the important details of the historical Maruti Interior IPO.
| Particular | Details |
|---|---|
| IPO Price | ₹55 per share |
| Issue Size | ₹11.00 Crore |
| Lot Size | 2,000 shares |
| Minimum Investment | ₹1,10,000 |
| IPO Opening | 03 February 2022 |
| IPO Closing | 08 February 2022 |
| Allotment | 11 February 2022 |
| Listing | 16 February 2022 |
| Exchange | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | ISK Advisors Private Limited |
Maruti Interior IPO: Investor Considerations
Maruti Interior operated in the kitchen, wardrobe and interior-products segment. Its business included branded products as well as manufacturing for established customers.
Furthermore, the company had plans to expand its dealer and distributor network. It also discussed potential business opportunities with international companies.
However, investors should consider risks before evaluating an SME IPO. These factors can include revenue growth, profitability, valuation, customer concentration, competition, liquidity and management execution.
In addition, potential international business opportunities depend on successful agreements and commercial execution. Therefore, investors should not treat planned expansion as guaranteed future revenue.
This page provides historical information about the Maruti Interior IPO. Historical IPO data, GMP information and past financial figures should not be treated as a current investment recommendation.
Frequently Asked Questions About Maruti Interior IPO
What was the Maruti Interior IPO price?
The Maruti Interior IPO price was ₹55 per share.
What was the Maruti Interior IPO lot size?
The IPO lot size was 2,000 shares.
What was the minimum investment in Maruti Interior IPO?
The minimum investment was ₹1,10,000, based on 2,000 shares at ₹55 per share.
When did the Maruti Interior IPO open?
The IPO opened on 03 February 2022.
When did the Maruti Interior IPO close?
The IPO closed on 08 February 2022.
When was the Maruti Interior IPO allotment?
The IPO allotment was scheduled for 11 February 2022.
When was the Maruti Interior IPO listed?
The shares were scheduled to list on the BSE SME platform on 16 February 2022.
Who was the registrar of Maruti Interior IPO?
Bigshare Services Pvt. Ltd. was the registrar of the Maruti Interior IPO.
Who was the lead manager of Maruti Interior IPO?
ISK Advisors Private Limited acted as the lead manager of the Maruti Interior IPO.
What was the Maruti Interior IPO issue size?
The total issue size was ₹11.00 Crore. The issue consisted entirely of a fresh issue.
Where was Maruti Interior IPO listed?
The IPO was listed on the BSE SME platform.
What was the Maruti Interior IPO GMP?
GMP information for the Maruti Interior IPO should be treated as historical IPO-period information. Grey Market Premium is unofficial and does not guarantee the actual listing price.
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