Maruti Interior IPO is engaged in manufacturing and domestic sale & export of modular kitchen storage systems, aluminum long wardrobe handle & profile handle.
Maruti Interior IPO – overview
| IPO Dates | 3-8 Feb 2022 |
| IPO Price | INR 55 per share |
| Fresh issue | 2,000,000 shares (INR 11 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,000,000 shares (INR 11 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Maruti Interior IPO – Tentative Dates
| IPO Offer Opening Date | 3 Feb 2022 |
| IPO Closing Date | 8 Feb 2022 |
| Finalization of Basis of Allotment | 11 Feb 2022 |
| Initiation of refunds | 14 Feb 2022 |
| Transfer of shares to demat accounts | 15 Feb 2022 |
| IPO Listing Date | 16 Feb 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Maruti Interior Products Limited is engaged in manufacturing and domestic sale & export of modular kitchen storage systems, aluminum 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, Home Lane, Live space, Spicewood, 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.
Industry Overview
The Indian modular kitchen market stood at $206 million in 2018 and is projected to grow at a CAGR of over 27% during 2019-2024 to reach $862 million by 2024. The projected figure accounts for 8-10% of the organized market for modular kitchens. Rest 90% is still untapped. So, there will be a huge boom in the modular kitchen industry in INDIA in the coming future. This is the reason big MNCs like Century Ply, Samsung, Panasonic, Asian Paints, Nilkamal Plastics, Johnson & Johnson, Reliance, etc. are entering this industry for big exposure.
Strengths
- High quality and varied manufacturing capability
- Experienced & skilled marketing team
- Online marketing and sales of products
- Prestigious awards and recognition
- Experienced promoters and a well-trained employee base.
Objectives of the issue
- To set up fully automatic Nickel/ Chrome Plating Plant and Powder Coating Plant
- Working capital requirements
- General corporate purpose
Company Financials
| Particulars | 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 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- ISK Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
