Malpani Pipes IPO subscribed over 10 times so far on Day 2: Check GMP, price band and other details

Malpani Pipes And Fittings' SME IPO was fully subscribed, with a 10.16 times overall subscription as of Day 2. The company aims to raise Rs 26 crore through a fresh issuance of 28.80 lakh shares, priced between Rs 85-90. Proceeds will fund capital expenditure, debt repayment, and general corporate needs. The IPO is set to list on February 4.