Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Thu, Feb 6, 2014 - Mon, Feb 10, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Feb 6, 2014
IPO Close
Mon, Feb 10, 2014
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹16.74 Cr
| IPO Date | 6 to 10 Feb, 2014 |
| Listed on | Wed, Feb 26, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,20,000 shares Guiness Securities Ltd. (agg. up to ₹0.4200 Cr) |
| Fresh Issue (Ex Market Maker) | 20,80,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 20,80,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 25,81,600 shares |
| Share Holding Post Issue | 47,81,600 shares |
| BSE Script Code | 537573 |
| ISIN | INE826P01018 |
Polymac Thermoformers IPO comprises a total issue size of 22,00,000 shares. The net offer to the public is 20,80,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,40,000 (50.00%) allocated to NII 10,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,40,000 | 50.00% | 47.27% |
| Retail Shares Offered | 10,40,000 | 50.00% | 47.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.45% | |
| Total Shares Offered | 22,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| Total | 7.10 |
| KPI | |
|---|---|
| RoNW | 0.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 41.45% | 22.38% |
| Market Cap | ₹16.74 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.40 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 3 | Advertisement & Marketing Expenses | 0.10 |
| 4 | Regulatory & other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹34.75 |
| Low | ₹34.75 |
| High | ₹36.00 |
| Last Trade | ₹35.85 |
Lead Manager Reports
Polymac Thermoformers IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Feb 6, 2014, and closes on Mon, Feb 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 Thu, Feb 6, 2014 and closes on Mon, Feb 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 Wed, Feb 26, 2014.
