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Polymac Thermoformers IPO is a fixed price issue of ₹7.70 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹7.70 crore.
Polymac Thermoformers IPO bidding started from Feb 6, 2014 and ended on Feb 10, 2014. The shares got listed on BSE SME on Feb 26, 2014.
Polymac Thermoformers IPO price is ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Polymac Thermoformers IPO RHP for detailed Information.
| IPO Date | February 6, 2014 to February 10, 2014 |
| Listing Date | February 26, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,00,000 shares (aggregating up to ₹7.70 Cr) |
| Reserved for Market Maker | 1,20,000 shares Guiness Securities Ltd. (aggregating up to ₹0.4200 Cr) |
| Net Offered to Public | 20,80,000 shares (aggregating up to ₹7.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,81,600 shares |
| Share Holding Post Issue | 47,81,600 shares |
Polymac Thermoformers IPO offers total 22,00,000 shares. Out of which 10,40,000 (47.27%) allocated to NII, 10,40,000 (47.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.45%) |
| NII (HNI) Shares Offered | 10,40,000 (47.27%) |
| Retail Shares Offered | 10,40,000 (47.27%) |
| Total Shares Offered | 22,00,000 (100.00%) |
Polymac Thermoformers IPO opens on February 6, 2014, and closes on February 10, 2014.
| IPO Open Date | Thu, Feb 6, 2014 |
| IPO Close Date | Mon, Feb 10, 2014 |
| Tentative Listing Date | Wed, Feb 26, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 10, 2014 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Polymac Thermoformers Ltd is engaged in the business of manufacturing disposable plastic products such as plastic glasses, cups, bowls.
These disposable plastic utensils are manufactured by thermoforming technique and are increasingly used in Ice-cream industry, hotels, restaurants, canteens, etc. against conventional glass-wares or ceramic cups. Company's manufactured disposable cups, glasses are mainly used for food items and are made out of polypropylene or polystyrene sheets.
Company's manufacturing produce is sold to wholesalers and some of the major customers are Maa Mansa Age, A.H. Printers, Varun Traders, B.P.L. Dumka, Bola Store, J.P. Plastic, Sushil Kumar Kundu, Magleshwar Mahadev Store, Komal Devi Mukesh Kumar Co. and Aditya Sales Agency.
The Company Polymac Thermoformers 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 | Capital Expenditure on Existing Manufacturing Capacity | 4.00 |
| 2 | Meet the margin for working capital requirement | 2.00 |
| 3 | Brand Building & General Corporate purposes | 1.10 |
| 4 | Issue Expenses | 0.60 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: Calibri; font-size: medium;">Avoid this costly offer</span></span></strong></p> <p> </p> Read detail review...
| Listing Date | February 26, 2014 |
| BSE Script Code | 537573 |
| NSE Symbol | |
| ISIN | INE826P01018 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹34.75 |
| Low | ₹34.75 |
| High | ₹36.00 |
| Last Trade | ₹35.85 |
Polymac Thermoformers Ltd.
29A, Weston Street,
3rd Floor, Room no. C5,
Kolkata-700012
Kolkata, West Bengal
Phone: 91-33- 4004 1400
Email: polymacthermo@gmail.com
Website: http://www..polymacthermoformers.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ptl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Polymac Thermoformers IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.70 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on February 6, 2014, and closes on February 10, 2014.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Polymac Thermoformers IPO using UPI as a payment gateway. Zerodha customers can apply in Polymac Thermoformers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Polymac Thermoformers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Polymac Thermoformers IPO opens on February 6, 2014 and closes on February 10, 2014.
Polymac Thermoformers IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Polymac Thermoformers 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 Polymac Thermoformers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Polymac Thermoformers IPO allotment status.
The Polymac Thermoformers IPO listing date is on Wednesday, February 26, 2014.
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