Maruti Interior Products Limited IPO (Maruti Interior IPO) Detail

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.

Competitive Strengths:

  • High quality and varied manufacturing capability
  • Experienced & skilled marketing team
  • Online marketing and sales of products
  • Prestigious awards and recognition
  • Ambitious expansion plans
  • Experienced promoters and a well-trained employee base

Company Promoters:

Mr. Paresh P. Lunagaria and Mr. Purushotam R. Lunagaria are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets176.66148.62135.85
Total Revenue114.75152.34181.87
Profit After Tax16.4915.4522.88

Objects of the Issue:

The IPO aims to utilize the net proceed for the following objectives;

  • To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant
  • Working capital requirements
  • General corporate purpose

Maruti Interior IPO Details

IPO Opening DateFeb 3, 2022
IPO Closing DateFeb 8, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹55 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size2,000,000 Eq Shares of ₹10
(aggregating up to ₹11.00 Cr)
Fresh Issue2,000,000 Eq Shares of ₹10
(aggregating up to ₹11.00 Cr)

Maruti Interior IPO Tentative Timetable

The Maruti Interior IPO open date is Feb 3, 2022, and the close date is Feb 8, 2022. The issue may list on Feb 16, 2022.

IPO Open DateFeb 3, 2022
IPO Close DateFeb 8, 2022
Basis of Allotment DateFeb 11, 2022
Initiation of RefundsFeb 14, 2022
Credit of Shares to Demat AccountFeb 15, 2022
IPO Listing DateFeb 16, 2022

Maruti Interior IPO Lot Size

The Maruti Interior IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).

ApplicationLotsSharesAmount (Cut-off)

Maruti Interior IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.51%

Company Contact Information

Maruti Interior Products Limited
Plot No. 13, , Jay Krishna Industrial Estate,
Veraval, Taluka Kotda Sangani Veraval,
Gujarat – 360024
Phone: +91-2827 253895

Maruti Interior IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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