Ideal Technoplast Industries IPO vs Solve Plastic Products IPO

Comparision between Ideal Technoplast Industries IPO and Solve Plastic Products IPO.

IPO Details

Ideal Technoplast Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ideal Technoplast Industries IPO	Solve Plastic Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Integrated Registry Management Services Private Limited
Market Maker	Sunflower Broking Private Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Ideal Technoplast Industries IPO is up to ₹16.03 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.85 Cr. The final issue price of Ideal Technoplast Industries IPO is ₹121.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.

	Ideal Technoplast Industries IPO	Solve Plastic Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹121.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	13,25,000 shares	13,02,000 shares
Fresh Issue Size (Amount)	up to ₹16.03 Cr	up to ₹11.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,25,000 shares	13,02,000 shares
Issue Size Total (Amount)	up to ₹16.03 Cr	up to ₹11.85 Cr

IPO Timetable

Ideal Technoplast Industries IPO opens on Aug 21, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Ideal Technoplast Industries IPO and Solve Plastic Products IPO is Aug 23, 2024, and Aug 16, 2024, respectively.

	Ideal Technoplast Industries IPO	Solve Plastic Products IPO
Anchor Bid Date
Issue Open	Aug 21, 2024	Aug 13, 2024
Issue Close	Aug 23, 2024	Aug 16, 2024
Basis Of Allotment (Tentative)	Aug 26, 2024	Aug 19, 2024
Initiation of Refunds (Tentative)	Aug 27, 2024	Aug 20, 2024
Credit of Share (Tentative)	Aug 27, 2024	Aug 20, 2024
Listing date (Tentative)	Aug 28, 2024	Aug 21, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Ideal Technoplast Industries IPO P/E ratio is 12.47, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

Ideal Technoplast Industries IPO

Solve Plastic Products IPO

Financial

Ideal Technoplast Industries Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,508.51	978	356.78	300.86
Revenue	2,424.11	1,199.79	568.13	569.47
Profit After Tax	326.61	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

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

90.22%

Promoter Shareholding (Post-Issue)

73.50%

63.33%

P/E Ratio

12.47

23.2

Market Cap

₹60.50 Cr.

₹39.75 Cr.

ROE

43.95%

ROCE

32.95%

Debt/Equity

2.83

EPS

₹9.70

₹3.92

RoNW

43.95%

32.47%%

Shares Offered

In the Ideal Technoplast Industries IPO retail investors (RII) are offered 6,29,000 shares while in Solve Plastic Products IPO retail investors are offered 6,29,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ideal Technoplast Industries IPO and 0 shares in Solve Plastic Products IPO.

	Ideal Technoplast Industries IPO	Solve Plastic Products IPO
Anchor Investor Reserveration
Market Maker Reserveration	67,000 shares	66,000 shares
QIB	0 shares	0 shares
NII	6,29,000 shares	6,18,000 shares
RII	6,29,000 shares	6,18,000 shares
Employee	0 shares	0 shares
Others
Total	12,58,000 shares	12,36,000 shares

Bids Received (Subscription)

Ideal Technoplast Industries IPO subscribed 116.75x in total, whereas Solve Plastic Products IPO subscribed 34.23x.

	Ideal Technoplast Industries IPO	Solve Plastic Products IPO
QIB (times)
NII (times)	108.49x	19.47x
Big NII (times)
Small NII (times)
RII (times)	115.57x	46.76x
Employee (times)
Other (times)
Total (times)	116.75x	34.23x

Compare with others

Ideal Technoplast Industries IPO	Solve Plastic Products IPO
Paramatrix Technologies IPO	Indian Phosphate IPO
Jay Bee Laminations IPO	Resourceful Automobile IPO
Rapid Multimodal Logistics IPO	Ideal Technoplast Industries IPO
Indian Phosphate IPO	QVC Exports IPO
Resourceful Automobile IPO	Forcas Studio IPO
QVC Exports IPO	Broach Lifecare Hospital IPO
Forcas Studio IPO	Brace Port Logistics IPO
Solve Plastic Products IPO	Sunlite Recycling Industries IPO
Broach Lifecare Hospital IPO	Positron Energy IPO
Brace Port Logistics IPO	Aesthetik Engineers IPO

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