Ideal Technoplast Industries IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 21 Aug 24 – 23 Aug 24 | ₹121,000 | 1,000 | ₹121 |
Issue Size | IPO Doc |
|---|---|
| 16.03Cr | RHP PDF |
About Ideal Technoplast Industries Limited
| Founded in | 2020 |
| Managing director | Mr. Sachin Arora |
| Parent organisation | Brace Port Logistics Limited |
Ideal Technoplast Industries Limited, founded in 2012, is a leading player in the rigid plastic packaging sector. The company manufactures a variety of industrial packaging solutions, including containers for adhesives, lubricants, oils, and more. Their product range includes sizes from 1 liter to 20 kilograms. Based in Surat, their facility spans 20,000 sq. ft. and is equipped with advanced, fully automated technology. With a team of 28 employees as of March 31, 2024, Ideal Technoplast has established a strong presence both domestically and internationally, mainly through export partnerships and third-party channels.
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Ideal Technoplast Industries History
Their offerings cover various sizes such as 20KG, 10KG, 5KG, 2KG, 1KG, 20L, 10L, 4L, 2L, and 1L. With advanced manufacturing technologies and a skilled team, Ideal Technoplast has made a mark in both domestic and international markets through export channels and third parties.
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Ideal Technoplast Industries IPO Details
- Issue Type: Fixed price
- Issue Size: ₹16.03 crores
- Fresh Issue: 13.25 lakh shares
- IPO Price: ₹121 per share
- Subscription Dates: August 21, 2024 – August 23, 2024
- Allotment Date: August 26, 2024 (tentative)
- Listing Date: August 28, 2024 (tentative) on NSE SME
Investment Details
- Minimum Lot Size: 1,000 shares
- Minimum Investment for Retail Investors: ₹121,000
- Minimum Investment for HNI Investors: 2 lots (2,000 shares), totaling ₹242,000
Key Personnel
- Book Running Lead Manager: Swastika Investmart Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Sunflower Broking
For comprehensive information, refer to the Ideal Technoplast Industries IPO Red Herring Prospectus (RHP).
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Ideal Technoplast Industries Financial Information (Restated Standalone)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,508.51 | 978 | 356.78 | 300.86 |
| Revenue | 910.91 | 1,199.79 | 568.13 | 569.47 |
| Profit After Tax | 135.4 | 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 | ||||
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Ideal Technoplast Industries IPO Timeline
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 |
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Ideal Technoplast Industries IPO FAQs
Ideal Technoplast Industries Limited is a manufacturer specializing in rigid plastic packaging solutions. Founded in 2012, the company produces various containers for industrial use, including packaging for adhesives, lubricants, oils, and other products. They serve both domestic and international markets through direct sales and export partnerships.
The Ideal Technoplast Industries IPO is a fixed-price issue of ₹16.03 crores, consisting of a fresh issue of 13.25 lakh shares.
The issue price of the Ideal Technoplast Industries IPO is ₹121 per share.
The IPO will be open for subscription from August 21, 2024, to August 23, 2024.
IPO Opening Date: August 21, 2024
IPO Closing Date: August 23, 2024
Allotment Date: August 26, 2024 (tentative)
Listing Date: August 28, 2024 (tentative)
For Retail Investors: The minimum investment is ₹121,000 for 1,000 shares.
For HNI Investors: The minimum investment is ₹242,000 for 2,000 shares (2 lots).
Book Running Lead Manager: Swastika Investmart Ltd
Registrar: Bigshare Services Pvt Ltd
Market Maker: Sunflower Broking
