Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Wed, Aug 21, 2024 - Fri, Aug 23, 2024
Ideal Technoplast IPO is a fixed price issue of ₹16.03 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹16.03 crore.
Ideal Technoplast IPO bidding started from Aug 21, 2024 and ended on Aug 23, 2024. The allotment for Ideal Technoplast IPO was finalized on Aug 26, 2024. The shares got listed on NSE SME on Aug 28, 2024.
Ideal Technoplast IPO price is ₹121 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
Swastika Investmart 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 Sunflower Broking Pvt.Ltd..
Refer to Ideal Technoplast IPO RHP for detailed Information.
IPO Open
Wed, Aug 21, 2024
IPO Close
Fri, Aug 23, 2024
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹60.50 Cr
| IPO Date | 21 to 23 Aug, 2024 |
| Listed on | Wed, Aug 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,25,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 67,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.8107 Cr) |
| Fresh Issue (Ex Market Maker) | 12,58,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 12,58,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 36,75,000 shares |
| Share Holding Post Issue | 50,00,000 shares |
| NSE Symbol | IDEALTECHO |
| ISIN | INE0T9I01011 |
Ideal Technoplast IPO comprises a total issue size of 13,25,000 shares. The net offer to the public is 12,58,000 shares, after excluding 67,000 shares allotted on a firm basis. Of the Net offer 6,27,000 (49.84%) allocated to NII 6,31,000 (50.16%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,27,000 | 49.84% | 47.32% |
| Retail Shares Offered | 6,31,000 | 50.16% | 47.62% |
| Firm Reservations | |||
| Market Maker Shares Offered | 67,000 | 5.06% | |
| Total Shares Offered | 13,25,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
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 | 15.09 | 9.78 | 3.57 | 3.01 |
| Total Income | 24.24 | 12.00 | 5.68 | 5.69 |
| Profit After Tax | 3.27 | 0.51 | 0.11 | 0.10 |
| NET Worth | 7.43 | 1.89 | 1.38 | 1.27 |
| Reserves and Surplus | 3.76 | 0.49 | -0.02 | -0.12 |
| Total Borrowing | 4.57 | 5.86 | 1.47 | 1.19 |
| 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 Capital Expenditure; | 13.63 |
| 2 | General Corporate Purpose | 0.80 |
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 43.95 |
| ROCE | 32.95 |
| RoNW | 43.95 |
| PAT Margin | 13.47% |
| Price to Book Value | 5.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.70 | 7.13 |
| P/E (x) | 12.47 | 16.98 |
| Promoter Holding | 100% | 73.5% |
| Market Cap | ₹60.50 Cr. |
The Ideal Technoplast Industries IPO is subscribed 116.75 times on August 23, 2024 6:19:59 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 108.49 | 6,29,000 | 6,82,40,000 |
| Retail | 115.57 | 6,29,000 | 7,26,94,000 |
| Total | 116.75 | 12,58,000 | 14,68,70,000 |
Total Application : 72,694
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Fees Payable to Registrar to the Issue. | 0.01 |
| 3 | Fees Payable related to Advertising, Marketing Expenses, other Professional Expenses (Like: Fee to Legal Advisor, Secretarial Related etc.), Selling Commission and Printing Expenses. | 1.19 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries. | 0.05 |
| 5 | Fees payable to Peer Review Auditor. | 0.02 |
| 6 | Fees Payable to Market Maker (for Two Years). | 0.07 |
| 7 | Escrow Bank Fees. | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹132.10 |
| Low | ₹132.10 |
| High | ₹138.70 |
| Last Trade | ₹138.70 |
Lead Manager Reports
Ideal Technoplast IPO is a SME IPO of 13,25,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Aug 21, 2024, and closes on Fri, Aug 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Ideal Technoplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ideal Technoplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ideal Technoplast IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024.
Ideal Technoplast IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Ideal Technoplast 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 Ideal Technoplast IPO will be done on Monday, August 26, 2024, and the allotted shares will be credited to your demat account by Tue, Aug 27, 2024. Check the Ideal Technoplast IPO allotment status.
The Ideal Technoplast IPO listing date is on Wed, Aug 28, 2024.
