Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Sep 30, 2020 - Tue, Oct 6, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 30, 2020
IPO Close
Tue, Oct 6, 2020
Issue Price
₹159 per share
Market Cap (Pre-IPO)
₹30.57 Cr
| IPO Date | 30 Sep to 6 Oct, 2020 |
| Listed on | Wed, Oct 14, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹159 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,08,800 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 25,600 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.4070 Cr) |
| Fresh Issue (Ex Market Maker) | 2,97,200 shares (agg. up to ₹5 Cr) |
| Offer for Sale | 1,86,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 4,83,200 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 16,00,000 shares |
| Share Holding Post Issue | 19,22,800 shares |
| BSE Script Code | 543239 |
| ISIN | INE0E2801015 |
GM Polyplast IPO comprises a total issue size of 5,08,800 shares. The net offer to the public is 4,83,200 shares, after excluding 25,600 shares allotted on a firm basis. Of the Net offer 2,41,600 (50.00%) allocated to NII 2,41,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,41,600 | 50.00% | 47.48% |
| Retail Shares Offered | 2,41,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 25,600 | 5.03% | |
| Total Shares Offered | 5,08,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet working capital requirement | 3.70 |
| 2 | General Corporate Purposes | 1.18 |
The GM Polyplast IPO is subscribed 1.6 times on October 6, 2020 6:50:01 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.13 | 2,41,600 | 5,14,400 |
| Retail | 1.07 | 2,41,600 | 2,59,200 |
| Total | 1.6 | 4,83,200 | 7,73,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager (including underwriting fees) | 0.26 |
| 2 | Fees payable to Registrar to the Offer | 0.01 |
| 3 | Fees to the legal advisor | 0.02 |
| 4 | Advertising expenses | 0.02 |
| 5 | Fees payable to regulators including stock exchanges | 0.03 |
| 6 | Printing and distribution expenses | 0.02 |
| 7 | Statutory & Other Reports | 0.02 |
| 8 | Others, if any (including commission and processing fees for SCSBs | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹159.00 |
| Open | ₹160.00 |
| Low | ₹153.20 |
| High | ₹168.00 |
| Last Trade | ₹167.50 |
Lead Manager Reports
GM Polyplast IPO is a SME IPO of 5,08,800 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹159 per share. The minimum order quantity is 800.
The IPO opens on Wed, Sep 30, 2020, and closes on Tue, Oct 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 Wed, Sep 30, 2020 and closes on Tue, Oct 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 Tue, Oct 13, 2020. Check the GM Polyplast IPO allotment status.
The GM Polyplast IPO listing date is on Wed, Oct 14, 2020.
