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Ideal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores. The issue is entirely a fresh issue of 13.25 lakh shares.
Ideal Technoplast Industries IPO bidding started from August 21, 2024 and ended on August 23, 2024. The allotment for the Ideal Technoplast Industries IPO is expected to be finalized on Monday, August 26, 2024. Ideal Technoplast Industries IPO will list on NSE SME with tentative listing date fixed as Wednesday, August 28, 2024.
Ideal Technoplast Industries IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹242,000.
Swastika Investmart Ltd is the book running lead manager of the Ideal Technoplast Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ideal Technoplast Industries IPO is Sunflower Broking.
Refer to Ideal Technoplast Industries IPO RHP for detailed information.
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
| Share holding pre issue | 3,675,000 |
| Share holding post issue | 5,000,000 |
| Market Maker portion | 67,000 shares Sunflower Broking |
Ideal Technoplast Industries IPO offers 1,325,000 shares. 629,000 (47.47%) to NII, 629,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 67,000 (5.06%) |
| Other Shares Offered | 629,000 (47.47%) |
| Retail Shares Offered | 629,000 (47.47%) |
| Total Shares Offered | 1,325,000 (100%) |
Ideal Technoplast Industries IPO opens on August 21, 2024, and closes on August 23, 2024.
| 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 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
| Lot Size Calculator | |||
Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, Mr. Vipulbhai Dulabhai Mendapara, Mrs. Mitulaben Vipulbhai Mendapara, Mr. Gauravbhai Chhaganbhai Gopani, and Mrs. Ashaben Gauravbhai Gopani are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Established in 2012, Ideal Technoplast Industries Limited is a manufacturer of 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.
As of 31st March, 2024, the company has a total of 28 employees.
| 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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Ideal Technoplast Industries IPO is Rs 60.5 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 43.95 |
| ROCE | 32.95 |
| RoNW | 43.95 |
| P/BV | 5.98 |
| PAT Margin (%) | 13.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.7 | 7.13 |
| P/E (x) | 12.47 | 16.98 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[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...
The Ideal Technoplast Industries IPO is subscribed 116.75 times on August 23, 2024 6:19:59 PM. The public issue subscribed 115.57 times in the retail category, times in the QIB category, and 108.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 108.49 |
| Retail | 115.57 |
| Total | 116.75 |
Total Application : 72,694 (115.57 times)
Ideal Technoplast Industries Limited
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat - 3945
Phone: 0261-2769409
Email: cs@idealtechnoplast.com
Website: http://www.idealtechnoplasts.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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Ideal Technoplast Industries IPO is a SME IPO of 1,325,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.
The IPO opens on August 21, 2024, and closes on August 23, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ideal Technoplast Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Ideal Technoplast Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ideal Technoplast Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ideal Technoplast Industries IPO opens on August 21, 2024 and closes on August 23, 2024.
Ideal Technoplast Industries IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
You can apply in Ideal Technoplast Industries 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 Ideal Technoplast Industries IPO will be done on Monday, August 26, 2024, and the allotted shares will be credited to your demat account by Tuesday, August 27, 2024. Check the Ideal Technoplast Industries IPO allotment status.
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