Solve Plastic Products IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 91 – 91
Lot Size
1200
Issue Size
₹11.85 Cr
Minimum Investment
₹218400 (2400 Shares)
Listing Date
21 August 2024
Subscription
-
About the Company
Solve Plastic Products manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) pipes and rigid PVC electrical conduits. The company is committed to constant innovations in drinking water piping solutions and electrical conduit fitting technologies to meet the ever-increasing demands. Solve Plastic Products markets its products under the brand name “BALCOPIPES” through its network of authorized dealers and distributors. As of August 2024, the company has 260 authorized dealers and distributors across three states: Kerala, Karnataka, and Tamil Nadu.
Solve Plastic Products operates three well-equipped manufacturing facilities in Kerala and one in Tamil Nadu. The company plans to enhance the plant capacity of electrical conduits from 2,760 MT (2,760,000 kg) per annum to 4,860 MT (4,860,000 kg) per annum at its existing facility in Unit 4, Tirunelveli, Tamil Nadu. In response to the demand for HDPE pipes, the company also proposes to expand its product portfolio by establishing a manufacturing facility for HDPE pipes with a capacity of 2,160 MT (2,160,000 kg) per annum at its existing manufacturing facility in Unit 2, Kollam, Kerala. The overall project cost for this proposed expansion is estimated at INR 5.53 crore.
Promoters
Solve Plastic Products Limited Promoters
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
Promoters Holding
Holding Pre Issue
90.22%
Holding Post Issue
49.87%
Objects of the Issue
The company intends to utilize the funding for the following objectives:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Address / Contact Info
Solve Plastic Products Limited
Door No XIII/690/ABC,
Tholicode, Punalur,
Kollam - 691333
Phone: +91 99956 31001
Email: cs@balcopipes.com
Website: https://www.balcopipes.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 13 August 2024
IPO Close Date
Friday, 16 August 2024
Basis of Allotment
Monday, 19 August 2024
Initiation of Refunds
Tuesday, 20 August 2024
Credit of Shares to Demat
Tuesday, 20 August 2024
Listing Date
Wednesday, 21 August 2024 — NSE & BSE
Important Dates
Open Date
13 August 2024
Close Date
16 August 2024
Basis Of Allotment
19 August 2024
Listing Date
21 August 2024
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1975.71 | 1874.27 | 1822.99 | 2133.28 |
| Revenue | 3492.14 | 6225.43 | 5577.89 | 4237.84 |
| Profit After Tax | 106.01 | 120.27 | -40.71 | -15.37 |
| Net Worth | 402.32 | 192.56 | 72.29 | 113.01 |
| Reserve & Surplus | 95.69 | -110.94 | -231.21 | -190.49 |
| Total Borrowings | 1189.99 | 1222.02 | 1230.21 | 1543.97 |
EPS Pre
3.92%
EPS Post
3.24%
P/E Pre
23.20
P/E (Post Issue)
28.12x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 2.96 |
| RoNW % | 26.35 |
| PbW | 6.36 |
| Pat Margin % | 3.04 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| 0 | 0 | 0 |
Subscription Status ( Fri, 09 Aug 24 06:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| 0 | 0 | 0x | |
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 0 | 1204800 | 0x |
| Retail Investors | 0 | 8018400 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 109,200.00 |
| Retail (Max) | 1 | 1,200 | 109,200.00 |
| S-HNI (Min) | 2 | 2,400 | 218,400.00 |
Registrar
Integrated Registry Management Services Private Limited
044 - 28140801
einward@integratedindia.in
https://www.integratedindia.in
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Solve Plastic Products IPO is a worth ₹11.85 crores. The price band is ₹91 to 91 per share. The IPO opens on Tue, Aug 13, 2024 and closes on Fri, Aug 16, 2024. It will be listed on BSE and NSE. Integrated Registry Management Services Private Limited is the registrar.
The Solve Plastic Products IPO opens on Tue, Aug 13, 2024 and closes on Fri, Aug 16, 2024
Solve Plastic Products IPO Price Band is ₹91 to 91.
Solve Plastic Products IPO lot size is 1200, and the minimum amount required for application is ₹218400.
The minimum investment for Solve Plastic Products IPO is approximately ₹218400 based on the upper price band.
To apply for the Solve Plastic Products IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 16, 2024. After submission, funds are blocked until the basis of allotment of Solve Plastic Products IPO is finalised.
Solve Plastic Products IPO issue size is ₹11.85 crores.
Solve Plastic Products IPO allotment date is Sat, Jun 27, 2026.
The registrar for Solve Plastic Products IPO is Integrated Registry Management Services Private Limited. Investors can go to Integrated Registry Management Services Private Limited website for IPO allotment status, refund processing, and other queries related to Solve Plastic Products IPO through their official website or helpline.
The Solve Plastic Products IPO GMP (Grey Market Premium) is ₹0 as of Fri, Aug 9, 2024. Based on the upper price band of ₹91 per share, the estimated Solve Plastic Products IPO listing price is ₹0, indicating a potential listing gain of approximately 31% over the issue price.