August 13, 2024 - August 16, 2024

Solve Plastic Products IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Solve Plastic Products IPO Review Summary from brokers and analysts

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

Solve Plastic Products IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Solve Plastic Products IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods. Based on FY24 super earnings, the issue appears aggressively priced. Post-IPO, small equity base indicates longer gestation period. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review...

Solve Plastic Products IPO Peer Comparison

Solve Plastic Products Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio
Solve Plastic Products Limited	4.66	14.31	19.52	32.47	6.36
Captain Pipes Ltd	0.27	1.73	67.81	15.61	10.58
Rungta Irrigation Ltd	4.47	43.60	22.34	6.50	2.29
Dutron Polymers Ltd.	4.08	44.05	42.97	9.26	3.98
Aik Pipes And Polymers Ltd	6.69	34.46	24.12	15.56	4.68

Notes:

Considering the nature and size of the business of the Company, the peers may not be exactly comparable. Hence a strict comparison is not possible. However, the above companies have been included for broader comparison.
The above information is based on a fully completed financial year ended on March 31, 2024, on a Restated basis.
Source for Peer Companies: Annual Reports (figures as on March 31, 2024).

Solve Plastic Products IPO Review by Members

Solve Plastic Products IPO Reviews, analysis and views by popular members. Read Solve Plastic Products Limited IPO reviews by retail investors to find recommended ipo to buy.

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Solve Plastic Products IPO Review Summary by Members

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1 Comments

1. American Stock Investors Link|August 19, 2024 11:18:35 PM

Allotment details live on RTA website!!