Ideal Technoplast Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Ideal Technoplast IPO description – Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging. The company also exports globally through export houses and third parties. It provides industrial packaging solutions for various sectors, including paints, agro,…
Open Date
Wed, 21 Aug 2024
Close Date
Fri, 23 Aug 2024
Issue Price
₹ 121
Lot Size
1000
Issue Size
₹ 16.03 Cr
Minimum Investment
₹ 242,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Ideal Technoplast Industries IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹16.03 Crore, comprising a fresh issue of 13.25 Lakh equity shares aggregating to ₹16.03 Crore.
The Ideal Technoplast Industries IPO remained open for subscription from August 21, 2024, to August 23, 2024. The basis of allotment was finalized on August 26, 2024, and the company's shares were listed on NSE SME Platform on August 28, 2024.
The company had fixed the price at ₹121 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹242,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Swastika Investmart Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Ideal Technoplast Industries Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Ideal Technoplast Industries IPO Timeline (Tentative)
- IPO Open Date
- Wed, 21 Aug 24
- IPO Close Date
- Fri, 23 Aug 24
- Basis of Allotment
- Mon, 26 Aug 24
- Initiation of Refunds
- Tue, 27 Aug 24
- Credit of Shares to Demat
- Tue, 27 Aug 24
- Listing Date
- Wed, 28 Aug 24 — NSE & BSE
Open Date
21 August 2024
Close Date
23 August 2024
Basis Of Allotment
26 August 2024
Listing Date
28 August 2024
IPO Subscription
Check Live Subscription →The Ideal Technoplast Industries IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. .
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,29,000 shares, representing 47.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 67,000 | 5.06% |
| Others | 629,000 | 47.47% |
| Retail Investors | 629,000 | 47.47% |
| Total | 1,325,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1508.51 | 978 | 356.78 | 300.86 |
| Revenue | 910.91 | 1199.79 | 568.13 | 569.47 |
| Profit After Tax | 135.4 | 50.62 | 10.53 | 9.82 |
| Net Worth | 743.07 | 188.6 | 137.98 | 127.45 |
| Reserve & Surplus | 375.57 | 48.95 | -1.67 | -12.19 |
| Total Borrowings | 456.89 | 586.04 | 146.56 | 118.62 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Ideal Technoplast Industries Limited KPI Information
| Particular | KPI as of February 29, 2024. |
|---|---|
| ROE % | 43.95 |
| ROCE % | 32.95 |
| RoNW % | 43.95 |
| PbW | 8.96 |
| Pat Margin % | 13.47 |
Peers Comparison
No Peer Comparision Available
About Ideal Technoplast Industries Limited
Ideal Technoplast IPO description – Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging. The company also exports globally through export houses and third parties. It provides industrial packaging solutions for various sectors, including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
The company offers various rigid plastic packaging solutions using advanced manufacturing technologies and in-house design and printing capabilities. Specializing in the production of square packaging containers, known for their ruggedness, durability, and ease of handling heavy items, the company has positioned itself as a trusted and recognized player in the market.
Its facility in Surat spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. The company utilizes In-Mould Labelling (IML) via robotic automation, leading to industry-leading output capacity. Specialized units include production, R&D, quality control, and automated screen printing.
Ideal Technoplast Industries IPO Promoters
- Mr. Prafulbhai Karshanbhai Vaghasia
- Mrs. Vaishnavi Prafulbhai Vaghasiya
- Mr. Vipulbhai Dulabhai Mendapara
- Mrs. Mitulaben Vipulbhai Mendapara
- Mr. Gauravbhai Chhaganbhai Gopani
- Mrs. Ashaben Gauravbhai Gopani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.50%
Ideal Technoplast Industries IPO Objective
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Capital Expenditure;
- General Corporate Purpose.
Ideal Technoplast Industries Limited Address / Contact Details
Ideal Technoplast Industries Limited
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat - 3945
Phone: 0261-2769409
Email: cs@idealtechnoplast.com
Website: http://www.idealtechnoplasts.com
IPO Snapshot
Ideal Technoplast Industries IPO Lot Size
The Ideal Technoplast Industries IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,21,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,21,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 121,000.00 |
| Retail (Max) | 1 | 1,000 | 121,000.00 |
| S-HNI (Min) | 2 | 2,000 | 242,000.00 |
Issue Reservation
- Market Maker — 5.06%
- Others — 47.47%
- RII — 47.47%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Ideal Technoplast Industries IPO?
Ideal Technoplast Industries IPO is a Fixed price IPO with a total issue size of ₹16.03 crore. The Ideal Technoplast Industries IPO price band is ₹121 to 121 per share. The Ideal Technoplast Industries IPO subscription opens on Wed, Aug 21, 2024, and closes on Fri, Aug 23, 2024. The Ideal Technoplast Industries IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Ideal Technoplast Industries IPO.
When will the Ideal Technoplast Industries IPO open for subscription?
The Ideal Technoplast Industries IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024
What is Ideal Technoplast Industries IPO Price Band?
Ideal Technoplast Industries IPO Price Band is ₹121 to 121 per share.
What is Ideal Technoplast Industries IPO Lot Size?
Ideal Technoplast Industries IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹242000 based on the upper price band
What is the minimum investment for Ideal Technoplast Industries IPO?
The minimum investment for Ideal Technoplast Industries IPO is ₹242000, based on one lot of 1000 shares at the upper price band of ₹121 per share.
How to apply for Ideal Technoplast Industries IPO?
Investors can apply for the Ideal Technoplast Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 23, 2024. The application amount remains blocked until the Ideal Technoplast Industries IPO allotment is finalized.
What is Ideal Technoplast Industries IPO Issue Size?
Ideal Technoplast Industries IPO issue size is ₹16.03 crores.
What is the Ideal Technoplast Industries IPO Allotment Date?
Ideal Technoplast Industries IPO allotment date is Mon, Aug 26, 2024.
Who is the Ideal Technoplast Industries IPO Registrar?
The registrar for Ideal Technoplast Industries IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Ideal Technoplast Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Ideal Technoplast Industries IPO GMP?
The Ideal Technoplast Industries IPO GMP (Grey Market Premium) is ₹15 as of Fri, Aug 23, 2024. Based on the upper price band of ₹121 per share, the estimated Ideal Technoplast Industries IPO listing price is ₹136, indicating a potential listing gain of approximately 12.40% over the issue price.
Who is the Ideal Technoplast Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Ideal Technoplast Industries IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Ideal Technoplast Industries IPO Red Herring Prospectus (RHP).