Solve Plastic Products IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 13 Aug 2024
Close Date
Fri, 16 Aug 2024
Issue Price
₹ 91
Lot Size
1200
Issue Size
₹ 12.00 Cr
Minimum Investment
₹ 218,400 (2400 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
Solve Plastic Products 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 ₹12 Crore, comprising a fresh issue of 12.36 Lakh equity shares aggregating to ₹11.00 Crore.
The Solve Plastic Products IPO remained open for subscription from August 13, 2024, to August 16, 2024. The basis of allotment was finalized on August 19, 2024, and the company's shares were listed on NSE SME Platform on August 21, 2024.
The company had fixed the price at ₹91 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹218,400 (based on the upper price band) to apply for one lot.
Integrated Registry Management Services Private Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Solve Plastic Products 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.
Solve Plastic Products IPO Timeline (Tentative)
- IPO Open Date
- Tue, 13 Aug 24
- IPO Close Date
- Fri, 16 Aug 24
- Basis of Allotment
- Mon, 19 Aug 24
- Initiation of Refunds
- Tue, 20 Aug 24
- Credit of Shares to Demat
- Tue, 20 Aug 24
- Listing Date
- Wed, 21 Aug 24 — NSE & BSE
Open Date
13 August 2024
Close Date
16 August 2024
Basis Of Allotment
19 August 2024
Listing Date
21 August 2024
IPO Subscription
Check Live Subscription →The Solve Plastic Products IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
0x
QIB
0x
NII
0x
RII
0x
IPO Reservations
Reservation Details Are not Available until IPO Opens.
| Category | Shares Offered | Shares Offered |
|---|---|---|
| 0 | 0% |
Financials Details(₹ 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 |
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.
Solve Plastic Products Limited KPI Information
| Particular | KPI as of March 31, 2024 |
|---|---|
| Debt / Equity | 2.96 |
| RoNW % | 26.35 |
| PbW | 6.36 |
| Pat Margin % | 3.04 |
Peers Comparison
No Peer Comparision Available
About Solve Plastic Products Limited
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.
Solve Plastic Products IPO 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%
Solve Plastic Products IPO Objective
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
Solve Plastic Products Limited Address / Contact Details
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
Solve Plastic Products IPO Lot Size
The Solve Plastic Products IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,09,200 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,09,200.
| 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 |
Issue Reservation
Solve Plastic Products IPO Registrar
Integrated Registry Management Services Private Limited
Check Allotment StatusBook Running Lead Managers
- Finshore Management Services Limited
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 Solve Plastic Products IPO?
Solve Plastic Products IPO is a Fixed price IPO with a total issue size of ₹12 crore. The Solve Plastic Products IPO price band is ₹91 to 91 per share. The Solve Plastic Products IPO subscription opens on Tue, Aug 13, 2024, and closes on Fri, Aug 16, 2024. The Solve Plastic Products IPO will be listed on the NSE. Integrated Registry Management Services Private Limited is the registrar for the Solve Plastic Products IPO.
When will the Solve Plastic Products IPO open for subscription?
The Solve Plastic Products IPO opens on Tue, Aug 13, 2024 and closes on Fri, Aug 16, 2024
What is Solve Plastic Products IPO Price Band?
Solve Plastic Products IPO Price Band is ₹91 to 91 per share.
What is Solve Plastic Products IPO Lot Size?
Solve Plastic Products IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹218400 based on the upper price band
What is the minimum investment for Solve Plastic Products IPO?
The minimum investment for Solve Plastic Products IPO is ₹218400, based on one lot of 1200 shares at the upper price band of ₹91 per share.
How to apply for Solve Plastic Products IPO?
Investors can apply for the Solve Plastic Products 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 16, 2024. The application amount remains blocked until the Solve Plastic Products IPO allotment is finalized.
What is Solve Plastic Products IPO Issue Size?
Solve Plastic Products IPO issue size is ₹12 crores.
What is the Solve Plastic Products IPO Allotment Date?
Solve Plastic Products IPO allotment date is Mon, Aug 19, 2024.
Who is the Solve Plastic Products IPO Registrar?
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 to check Solve Plastic Products IPO allotment status, refund processing, and other IPO-related information.
What is the Solve Plastic Products IPO GMP?
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 0.00% over the issue price.
Who is the Solve Plastic Products IPO Lead Manager?
The book-running lead managers (BRLMs) for the Solve Plastic Products IPO are . 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 Solve Plastic Products IPO Red Herring Prospectus (RHP).