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:
| Particulars | For the year/period ended (₹ in Millions) | ||
|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 176.66 | 148.62 | 135.85 |
| Total Revenue | 114.75 | 152.34 | 181.87 |
| Profit After Tax | 16.49 | 15.45 | 22.88 |
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 Date | Feb 3, 2022 |
| IPO Closing Date | Feb 8, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,000,000 Eq Shares of ₹10 (aggregating up to ₹11.00 Cr) |
| Fresh Issue | 2,000,000 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 Date | Feb 3, 2022 |
| IPO Close Date | Feb 8, 2022 |
| Basis of Allotment Date | Feb 11, 2022 |
| Initiation of Refunds | Feb 14, 2022 |
| Credit of Shares to Demat Account | Feb 15, 2022 |
| IPO Listing Date | Feb 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110,000 |
| Maximum | 1 | 2000 | ₹110,000 |
Maruti Interior IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.51% |
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
Email: compliance@everyday-india.com
Website: https://spitzebyeveryday.com/
Maruti Interior IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com