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GM Polyplast IPO is a fixed price issue of ₹8.09 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹5.13 crores and offer for sale of 0.02 crore shares aggregating to ₹2.96 crores.
GM Polyplast IPO bidding started from Sep 30, 2020 and ended on Oct 6, 2020. The allotment for GM Polyplast IPO was finalized on Oct 9, 2020. The shares got listed on BSE SME on Oct 14, 2020.
GM Polyplast IPO price is ₹159.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,27,200 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,54,400.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to GM Polyplast IPO RHP for detailed Information.
| IPO Date | September 30, 2020 to October 6, 2020 |
| Listing Date | October 14, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹159 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,08,800 shares (aggregating up to ₹8.09 Cr) |
| Reserved for Market Maker | 25,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.4070 Cr) |
| Fresh Issue (Ex Market Maker) | 2,97,200 shares (aggregating up to ₹4.73 Cr) |
| Offer for Sale | 1,86,000 shares of ₹10 (aggregating up to ₹2.96 Cr) |
| Net Offered to Public | 4,83,200 shares (aggregating up to ₹7.68 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 16,00,000 shares |
| Share Holding Post Issue | 19,22,800 shares |
GM Polyplast IPO offers total 5,08,800 shares. Out of which 2,41,600 (47.48%) allocated to NII, 2,41,600 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 25,600 (5.03%) |
| NII (HNI) Shares Offered | 2,41,600 (47.48%) |
| Retail Shares Offered | 2,41,600 (47.48%) |
| Total Shares Offered | 5,08,800 (100.00%) |
GM Polyplast IPO opens on September 30, 2020, and closes on October 6, 2020.
| IPO Open Date | Wed, Sep 30, 2020 |
| IPO Close Date | Tue, Oct 6, 2020 |
| Tentative Allotment | Fri, Oct 9, 2020 |
| Initiation of Refunds | Tue, Oct 13, 2020 |
| Credit of Shares to Demat | Tue, Oct 13, 2020 |
| Tentative Listing Date | Wed, Oct 14, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 6, 2020 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,27,200 |
| Retail (Max) | 1 | 800 | ₹1,27,200 |
| HNI (Min) | 2 | 1,600 | ₹2,54,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company GM Polyplast IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet working capital requirement | 3.70 |
| 2 | General Corporate Purposes | 1.18 |
[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...
| Listing Date | October 14, 2020 |
| BSE Script Code | 543239 |
| NSE Symbol | |
| ISIN | INE0E2801015 |
| Final Issue Price | ₹159 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹159.00 |
| Open | ₹160.00 |
| Low | ₹153.20 |
| High | ₹168.00 |
| Last Trade | ₹167.50 |
GM Polyplast Ltd.
A-66, New Empire Industrial Estate
Kondivita Road,
Andheri East
Mumbai, Maharashtra, 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
GM Polyplast IPO is a SME IPO of 5,08,800 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.
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, and the minimum amount required for application is ₹1,27,200.
You can apply in GM Polyplast IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The GM Polyplast IPO listing date is on Wednesday, October 14, 2020.
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