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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 ₹121.00 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). The minimum lot size investment for 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 Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,25,000 shares (aggregating up to ₹16.03 Cr) |
| Reserved for Market Maker | 67,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.8107 Cr) |
| Net Offered to Public | 12,58,000 shares (aggregating up to ₹15.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 36,75,000 shares |
| Share Holding Post Issue | 50,00,000 shares |
Ideal Technoplast Industries IPO offers total 13,25,000 shares. Out of which 6,27,000 (47.32%) allocated to NII, 6,31,000 (47.62%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 67,000 (5.06%) |
| NII (HNI) Shares Offered | 6,27,000 (47.32%) |
| Retail Shares Offered | 6,31,000 (47.62%) |
| Total Shares Offered | 13,25,000 (100.00%) |
Ideal Technoplast IPO opens on August 21, 2024, and closes on August 23, 2024.
| IPO Open Date | Wed, Aug 21, 2024 |
| IPO Close Date | Fri, Aug 23, 2024 |
| Tentative Allotment | Mon, Aug 26, 2024 |
| Initiation of Refunds | Tue, Aug 27, 2024 |
| Credit of Shares to Demat | Tue, Aug 27, 2024 |
| Tentative Listing Date | Wed, Aug 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 23, 2024 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 1,508.51 | 978 | 356.78 | 300.86 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Ideal Technoplast IPO is ₹60.50 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| ROE | 43.95 |
| ROCE | 32.95 |
| RoNW | 43.95 |
| PAT Margin | 13.47% |
| Price to Book Value | 5.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.70 | 7.13 |
| P/E (x) | 12.47 | 16.98 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked static top lines for FY21 and FY22, but sudden boost in its top lines from FY23 onwards raise eyebrows. Boosted bottom line for 11M-FY24 raise concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Small equity capital post IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | August 28, 2024 |
| BSE Script Code | |
| NSE Symbol | IDEALTECHO |
| ISIN | INE0T9I01011 |
| Final Issue Price | ₹121 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹132.10 |
| Low | ₹132.10 |
| High | ₹138.70 |
| Last Trade | ₹138.70 |
Ideal Technoplast Industries Ltd.
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat - 3945
Olpad, Gujarat
Phone: 0261-2769409
Email: cs@idealtechnoplast.com
Website: http://www.idealtechnoplasts.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ideal Technoplast IPO is a SME IPO of 13,25,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on August 21, 2024, and closes on August 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 August 21, 2024 and closes on August 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 Tuesday, August 27, 2024. Check the Ideal Technoplast IPO allotment status.
The Ideal Technoplast IPO listing date is on Wednesday, August 28, 2024.
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