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GM Polyplast IPO is a fixed price issue of Rs 8.09 crores. The issue is a combination of fresh issue of 3.23 lakh shares aggregating to Rs 5.13 crores and offer for sale of 1.86 lakh shares aggregating to Rs 2.96 crores.
GM Polyplast IPO bidding started from September 30, 2020 and ended on October 6, 2020. The allotment for GM Polyplast IPO was finalized on Friday, October 9, 2020. The shares got listed on BSE SME on October 14, 2020.
GM Polyplast IPO price is ₹159 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹127,200.
Gretex Corporate Services Limited is the book running lead manager of the GM Polyplast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to GM Polyplast IPO DRHP for detailed information.
IPO Date | September 30, 2020 to October 6, 2020 |
Listing Date | October 14, 2020 |
Face Value | ₹10 per share |
Price | ₹159 per share |
Lot Size | 800 Shares |
Total Issue Size | 508,800 shares (aggregating up to ₹8.09 Cr) |
Fresh Issue | 322,800 shares (aggregating up to ₹5.13 Cr) |
Offer for Sale | 186,000 shares of ₹10 (aggregating up to ₹2.96 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 1,600,000 |
Share holding post issue | 1,922,800 |
Market Maker portion | 26,000 shares |
GM Polyplast IPO offers 509,200 shares. 241,600 (47.45%) to NII, 241,600 (47.45%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 26,000 (5.11%) |
Other Shares Offered | 241,600 (47.45%) |
Retail Shares Offered | 241,600 (47.45%) |
Total Shares Offered | 509,200 (100%) |
GM Polyplast IPO opens on September 30, 2020, and closes on October 6, 2020.
IPO Open Date | Wednesday, September 30, 2020 |
IPO Close Date | Tuesday, October 6, 2020 |
Basis of Allotment | Friday, October 9, 2020 |
Initiation of Refunds | Tuesday, October 13, 2020 |
Credit of Shares to Demat | Tuesday, October 13, 2020 |
Listing Date | Wednesday, October 14, 2020 |
Cut-off time for UPI mandate confirmation | 5 PM on October 6, 2020 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 800 | ₹127,200 |
Retail (Max) | 1 | 800 | ₹127,200 |
Lot Size Calculator |
Mr. Dinesh Balbirsingh Sharma and Ms. Sarita Dinesh Sharma are the promoters of the company.
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 73.65% |
Incorporated in 2003, GM Polyplast is a Mumbai-based manufacturer of high-grade sheets such as PVC sheets, HIPS sheets, HDPE sheets, A.B.S. sheets, and others. The company not just manufactures various types of sheets but also manufactures raw material used to prepare the sheets called granules.
Since establishment, it has added innovative products to its product portfolio and currently it includes Acrylonitrile Butadiene Styrene (ABS) plastic sheets, High Impact Polystyrene (HIPS) sheets, PET sheets, A-PET sheets, R-PET sheets, HDPE sheets, PP sheets, ESD material, etc.
The company has a modernized manufacturing unit in Dadra & Nagar Haveli embedded with advanced equipment and technology to deliver high-quality sheets to clients. In the domestic market, it supplies products across states such as Maharashtra, Gujrat, West Bengal, Tamil Nadu, Puducherry, UP, MP, Delhi, Telangana, Karnataka, Goa, Chhattisgarh, and many others. It also exports its products in the overseas market such as the UAE, Israel, Hong Kong, and Jordan.
Competitive Strength
• Semi-automated manufacturing unit with advanced machines.
• High product quality standard.
• Well-diversified product portfolio.
• Strong distribution and sales network.
• Highly experienced management.
Particulars | For the year/period ended (Rs in Lacs) | |||
---|---|---|---|---|
31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
Total Assets | 2,482.68 | 2,537.03 | 2,533.25 | |
Total Revenue | 6,342.98 | 6,834.50 | 5,551.24 | |
Profit After Tax | 231.80 | 138.04 | 92.20 |
The net proceeds from the IPO will be used towards the following objectives;
• To meet the working capital requirements of the company.
• To meet general corporate purposes.
[Dilip Davda] GMPL has posted steady growth in bottom lines. Issue appears reasonably priced considering P/E and P/BV parameters. Investors may consider investment with a long term perspective. (Subscribe for long term). Read detail review...
The GM Polyplast IPO is subscribed 1.60 times on October 6, 2020 6:50:01 PM. The public issue subscribed 1.07 times in the retail category, times in the QIB category, and 2.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 2.13 |
Retail | 1.07 |
Total | 1.60 |
Listing Date | October 14, 2020 |
BSE Script Code | 543239 |
NSE Symbol | |
ISIN | INE0E2801015 |
Final Issue Price | ₹159 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹159.00 |
₹160.00 |
₹153.20 |
₹168.00 |
₹167.50 |
G M Polyplast Limited
A-66, New Empire Industrial Estate
Kondivita Road, Andheri East
Mumbai-400059
Phone: 91-022-2820 9552
Email: info@gmpolyplast.com
Website: http://www.gmpolyplast.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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GM Polyplast IPO is a SME IPO of 508,800 equity shares of the face value of ₹10 aggregating up to ₹8.09 Crores. The issue is priced at ₹159 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 30, 2020, and closes on October 6, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GM Polyplast IPO using UPI as a payment gateway. Zerodha customers can apply in GM Polyplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GM Polyplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GM Polyplast IPO opens on September 30, 2020 and closes on October 6, 2020.
GM Polyplast IPO lot size is 800 Shares, and the minimum amount required is ₹127,200.
You can apply in GM Polyplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for GM Polyplast IPO will be done on Friday, October 9, 2020, and the allotted shares will be credited to your demat account by Tuesday, October 13, 2020. Check the GM Polyplast IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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