Malu Paper Mills IPO
Malu Paper Mills IPO — date, price band, lot size & details 2006
Malu Paper Mills listed on 5 Apr 2006 at ₹30, flat to the ₹30 issue price.
Malu Paper Mills is a Nagpur based maker of recycled paper such as kraft paper and newsprint, supplying publishers including Lokmat, Jagran and Sakal. Its total income was Rs 48.98 crore in FY2005.
Stock price
Malu Paper Mills is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 06 Mar 2006
- Close 10 Mar 2006
- Allotment 28 Mar 2006
- Refund/credit TBA
- Listing 05 Apr 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 10 Mar, 2006 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹25 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 200 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹6,000 |
| Retail (max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (min) | 167 | 33,400 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 12.06 crore in FY2001 to Rs 48.98 crore in FY2005.
- 02Profit after tax rose from Rs 0.71 crore in FY2004 to Rs 2.65 crore in FY2005.
- 03It supplied at least 6 well known newspapers, including Lokmat and Jagran.
- 04The promoters had already brought in Rs 500.10 lacs.
Risks · 5
- 01It made a loss of Rs 0.52 crore in FY2002.
- 02The Rs 7000.20 lacs project was large next to its net worth of Rs 10.13 crore.
- 03Waste paper prices drive its costs; profit was only Rs 0.05 crore in FY2003.
- 04Newsprint faces competition from imports; total income was Rs 46.88 crore in FY2004.
- 05Promoter group holding fell from 100% before the issue to 60.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Malu Paper Mills offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|
| Total Income | 48.98 | 46.88 | 35.35 | 25.03 | 12.06 |
| Profit After Tax | 2.65 | 0.71 | 0.05 | -0.52 | 0.12 |
| NET Worth | 10.13 | 7.47 | 6.66 | 6.57 | 6.58 |
| Reserves and Surplus | 3.16 | 0.51 | 0.13 | 0.14 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Malu Paper Mills RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Malu Paper Mills IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹3.03 | ₹1.55 |
| P/E Ratio (x) | 9.89 | 19.34 |
| Market Cap at Offer Price (₹ Cr) | ₹26.24 | ₹51.29 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹30 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹70.00 Cr of the issue is earmarked to named objects.
About the company
It makes recycled paper products such as kraft paper and newsprint at plants near Nagpur, Maharashtra.
It was a regular supplier to publishers such as Lokmat, Jagran, Sakal, Nav Bharat, Hitvada and Prabhat Khabar, and planned to target more large publishing houses and dailies after its expansion. The project needed Rs 7000.20 lacs.
The IPO was Rs 25 crore at Rs 30 per share, with a face value of Rs 10.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Malu Paper Mills IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Microsec Capital Ltd
7 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Malu Paper Mills?
The current Grey Market Premium is ₹0.
What is the Malu Paper Mills IPO price band?
₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 March 2006, with listing on 5 April 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
