The issue is entirely a fresh issue of 13.25 lakh shares. deal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores.
Ideal Technoplast Industries IPO opens for subscription on August 21, 2024 and closes 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.
About Ideal Technoplast Industries Limited
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.
Refer to Ideal Technoplast Industries IPO RHP for detailed information.
Ideal Technoplast Industries IPO Details
| 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 |
Ideal Technoplast Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries IPO Timeline (Tentative Schedule)
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 |
Ideal Technoplast Industries IPO Lot Size
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 |
Ideal Technoplast Industries IPO Promoter Holding
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% |
Company Financials
Ideal Technoplast Industries Limited Financial Information (Restated)| 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 |
Key Performance Indicator
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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of February 29, 2024 that is available in RHP.
Objects of the Issue (Ideal Technoplast Industries IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Capital Expenditure;
- General Corporate Purpose.
Ideal Technoplast Industries Limited Contact Details
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/
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