Solve Plastic Products IPO Details
The Solve Plastic Products IPO is a fixed price issue with a total issue size of ₹11.85 cr, comprising of fresh issue of 1302000 equity shares. Solve Plastic Products IPO opened for subscription on Aug 13, 2024 and closed on Aug 16, 2024. Solve Plastic Products IPO has set the price at ₹91 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹218,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 19, 2024, and listed on the NSE on Aug 21, 2024.
Integrated Registry Management Services Private Limited has been appointed as the registrar. Finshore Management Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Solve Plastic Products IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 91 – 91
- Lot Size
- 1200
- Issue Size
- ₹11.85 Cr
- Minimum Investment
- ₹218400 (2400 Shares)
- Listing Date
- 21 August 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Solve Plastic Products IPO Registrar
Integrated Registry Management Services Private Limited
Check Allotment StatusBook Running Lead Managers
- Finshore Management Services Limited
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 with a total issue size of ₹11.85 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.
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 per share.
Solve Plastic Products IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹218400 based on the upper price band
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.
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.
Solve Plastic Products IPO issue size is ₹11.85 crores.
Solve Plastic Products IPO allotment date is Wed, Jul 1, 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 to check Solve Plastic Products IPO allotment status, refund processing, and other IPO-related information.
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% over the issue price.