August 21, 2024 - August 23, 2024

Ideal Technoplast Industries IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Ideal Technoplast Industries IPO.

Ideal Technoplast Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Ideal Technoplast Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Ideal Technoplast Industries IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked static top lines for FY21 and FY22, but sudden boost in its top lines from FY23 onwards raise eyebrows. Boosted bottom line for 11M-FY24 raise concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Small equity capital post IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for medium to long term. Read detail review...

Ideal Technoplast Industries IPO Peer Comparison

Ideal Technoplast Industries Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio
Ideal Technoplast Industries Limited	3.63	13.51	33.33	26.84	9.31
Mold-tek Packaging Limited	24.4	168.46	34.41	14.4
Time Technoplast Ltd.	9.69	102.92	28.38	9.61
Tpl Plastech Ltd.	2.06	14.79	46.82	13.89

Notes:

Basic & diluted Earnings per share (EPS) is calculated on the weighted average number of shares.
The price-to-earning (P/E) Ratio of Ideal Technoplast Industries Limited is in relation to the offer Price of ? 121/- per share.
The price-to-earning (P/E) Ratio of peer companies is based on the closing price of equity shares on NSE on April 25th, 2024 divided by the Basic EPS as on March 31st, 2023.
The Issue Price of ? 121 /- is determined by Ideal Technoplast Industries Limited in consultation with the Lead Manager is justified based on the above accounting ratios.

Ideal Technoplast Industries IPO Review by Members

Ideal Technoplast Industries IPO Reviews, analysis and views by popular members. Read Ideal Technoplast Industries Limited IPO reviews by retail investors to find recommended ipo to buy.

Post Recommendation Manage Your IPO Reviews

Ideal Technoplast Industries IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	1	0	0
%	0.00	100.00	0.00	0.00

Member	Review
Stock player	May Apply for Listing Gain at Cut-off Price Profit making company Manufacturing Plastic packaging some of which is exported( through third parties). So chances of expansion and increase in profits Present gmp 12 % over the issue price. so we can expect a listing premium of 3-5 % \| August 23, 2024 10:07:37 AM

Member

Review

Stock player

May Apply for Listing Gain at Cut-off Price

Profit making company
Manufacturing Plastic packaging some of which is exported( through third parties). So chances of expansion and increase in profits
Present gmp 12 % over the issue price. so we can expect a listing premium of
3-5 %

August 23, 2024 10:07:37 AM

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.

Comments

Add a public comment...