Apex Ecotech Limited IPO...
20 Nov 2024
Ideal Technoplast Industries Limited IPO And Its GMP
Ideal Technoplast Industries Limited stands as a prominent manufacturer and supplier of rigid plastic packaging. Our company is also exported globally (indirectly through export houses and third parties). They provide industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food and edible oil.
Its Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. Our Company has In-Mold Labeling (IML) via robotic automation that has led to industry-leading output capacity. It also has specialized units like production, R&D, quality control, and automated screen printing. It does quality testing, beginning from raw material sourcing to the final product, encompassing tests like weight checks, drop tests, finishing evaluations, and leak tests.
Issue Size: ₹16.03 crores
Fresh Issue: 13.25 lakh shares
Issue Price: ₹121 per share
Lot Size: Minimum application of 1000 shares
Subscription Period: August 21, 2024 to August 23, 2024
Book Running Lead Manager: Swastika Investmart Ltd
Registrar: Bigshare Services Pvt Ltd
Market Maker: Sunflower Broking
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Ideal Technoplast Industries GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 27-08-2024 | 121 | 15.0 (12%) | 27-Aug-2024 13:30 |
| 25-08-2024 | 121 | 15.0 (12%) | 25-Aug-2024 12:20 |
| 24-08-2024 | 121 | 15.0 (12%) | 24-Aug-2024 13:20 |
| 23-08-2024 | 121 | 15.0 (12%) | 23-Aug-2024 14:00 |
| 22-08-2024 | 121 | 15.0 (12%) | 22-Aug-2024 14:00 |
| 21-08-2024 | 121 | 15.0 (12%) | 21-Aug-2024 12:57 |
| 20-08-2024 | 121 | 15.0 (12%) | 20-Aug-2024 14:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Ideal Technoplast Industries IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,675,000 |
| Shareholding post issue | 5,000,000 |
| Market Maker portion | 67,000 shares Sunflower Broking |
Ideal Technoplast Industries IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Ideal Technoplast Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
Ideal Technoplast Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Company & Financials
Established in 2012, Ideal Technoplast Industries Limited is a rigid plastic packaging manufacturer offering its products to both domestic and international markets (indirectly through export companies and third parties). Ideal Technoplast offers industrial packaging solutions including round and square containers, twist containers and bottles for industries such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food and edible oil. The company has advanced manufacturing technologies, including in-house design and printing technology. The production facility in Surat spans several floors over an area of 20,000 sq. ft. and has state-of-the-art technology, including a fully automated line.
Ideal Technoplast Industries Limited Financial Information
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,508.51 | 978 | 356.78 | 300.86 | ||||||||||||||||||||||||||||||||||||
| Revenue | 910.91 | 1,199.79 | 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 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 375.57 | 48.95 | -1.67 | -12.19 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 456.89 | 586.04 | 146.56 | 118.62 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.95 |
| ROCE | 32.95 |
| RoNW | 43.95 |
| P/BV | 8.96 |
| PAT Margin (%) | 13.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.38 | 2.95 |
| P/E (x) | 87.85 | 40.96 |
Objectives of Ideal Technoplast Industries IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Capital Expenditure.
- 2. General Corporate Purpose.
Ideal Technoplast Industries IPO Review
The company is operating in a highly competitive and fragmented segment. It marked static top lines for FY21 and FY22, but the sudden boost in its top lines from FY23 onwards raised eyebrows. Boosted bottom line for 11M-FY24 raises concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Small equity capital post-IPO indicates a longer gestation period for migration. Well-informed investors may park moderate funds for the medium to long term.
FAQs for Ideal Technoplast Industries IPO
-
What is an Ideal Technoplast Industries IPO?
Ideal Technoplast IPO is an NSE SME IPO. They are going to raise ₹16.03 Crores via IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on NSE.
-
When will Ideal Technoplast Industries IPO open?
The IPO will open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is an Ideal Technoplast Industries IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50% and Retail is 50%.
-
What is the Ideal Technoplast Industries IPO Size?
The ideal Technoplast IPO size is ₹16.03 crores.
-
What is the Ideal Technoplast Industries IPO Price Band?
The ideal Technoplast IPO Price Band is ₹121 per equity share.
-
What is the Ideal Technoplast Industries IPO Minimum and Maximum Lot Size?
The IPO bid is 1000 shares with ₹121,000.
-
What is the Ideal Technoplast Industries IPO Allotment Date?
The ideal Technoplast IPO allotment date is August 26, 2024.
-
What is the Ideal Technoplast Industries IPO Listing Date?
The ideal Technoplast IPO listing date is August 28, 2024—the IPO to list on NSE SME.
-
What is the current GMP of the Ideal Technoplast Industries?
The current GMP of Ideal Technoplast Industries is 15.0 (12%).
RHP:
RHP of Ideal Technoplast Industries Limited IPO
DRHP:
DRHP of Ideal Technoplast Industries Limited IPO
-
What is an Ideal Technoplast Industries IPO?
Ideal Technoplast IPO is an NSE SME IPO. They are going to raise ₹16.03 Crores via IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on NSE.
-
When will Ideal Technoplast Industries IPO open?
The IPO will open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is an Ideal Technoplast Industries IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50% and Retail is 50%.
-
What is the Ideal Technoplast Industries IPO Size?
The ideal Technoplast IPO size is ₹16.03 crores.
-
What is the Ideal Technoplast Industries IPO Price Band?
The ideal Technoplast IPO Price Band is ₹121 per equity share.
-
What is the Ideal Technoplast Industries IPO Minimum and Maximum Lot Size?
The IPO bid is 1000 shares with ₹121,000.
-
What is the Ideal Technoplast Industries IPO Allotment Date?
The ideal Technoplast IPO allotment date is August 26, 2024.
-
What is the Ideal Technoplast Industries IPO Listing Date?
The ideal Technoplast IPO listing date is August 28, 2024—the IPO to list on NSE SME.
-
What is the current GMP of the Ideal Technoplast Industries?
The current GMP of Ideal Technoplast Industries is 15.0 (12%).
Read More IPO related blogs- Orient Technologies Limited IPO
_Limited_IPO_right.jpg)
_Limited_IPO_right.jpg)
_Mobility_&_Hospitality_Limited_IPO_right.jpg)
