Malpani Pipes & Fittings Ltd IPO

Our Company was incorporated as Malpani Pipes And Fittings Private Limited on February 3, 2017 under the provisions of Companies Act, 2013 with the Registrar of Companies, Gwalior bearing Corporate Identification Number U25209MP2017PTC042337. Subsequently, our Company was converted into a public limited Company pursuant to a special resolution passed by our shareholders at the EGM held on May 13, 2024 and a fresh certificate of incorporation consequent to conversion was issued on July 29, 2024 by the Registrar of Companies, Gwalior. The Corporate Identification Number of our Company is U25209MP2017PLC042337.

The Indian plastic industry is one of the leading sectors in the country's economy. The history of the plastic industry in India dates back to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90 % belong to small and medium enterprises. India manufactures various products such as plastics and linoleum, houseware products, cordage, fishnets, floor coverings, medical items, packaging items, plastic films, pipes, raw materials, etc. The country majorly exports plastic raw materials, films, sheets, woven sacks, fabrics, and tarpaulin. The Government of India intends to take the plastic industry from a current level of Rs. 3 lakh crores (US$ 37.8 billion) of economic activity to Rs. 10 lakh crores (US$ 126 billion) in 4-5 years. Irrigation is main consumer of fresh water and more than 90 per cent of groundwater draft in India. Growing population coupled with food security has put extra pressure on water resources. Country has reached a situation where the demand of water from various sector of economy is rapidly increasing while the supply of fresh water constant. Additionally, water overuse harms the environment by increased salinity, nutrient pollution, and the degradation and loss of flood plains and wetlands. Owing to poor water resource management system and climate change India faces a persistent water shortage. On July 1, 2015, the Pradhan Mantri Krishi Sinchayee Yojana (Pradhan Mantri Krishi Sinchai Yojana) was launched to expand cultivated area with assured irrigation and reduce wastage of water in the country. The scheme focuses on creating sources-protective irrigation by harnessing rainwater at a micro level through al Sanchay' and al Sinchan'. Micro irrigation is also incentivised through subsidies to ensure `Per Drop More Crop'. To further improve the `quality of life' and enhanced `ease of living' in rural areas by making a provision of assured tap water supply to every rural household in the country by 2024, Hon'ble Prime Minister announced Jal Jeevan Mission (JJM) - Har Ghar Jal on 15th August, 2019. Since then, JJM is being implemented in partnership with States. Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17 % of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors.

Malpani Pipes & Fittings Limited, an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, manufactures a range of high-grade plastic pipes. Our products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under the brand name VALSTAR. The company is also engaged in the trading of granules and PVC pipes, as well as the sale of services.