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Technopack Polymers IPO is a fixed price issue of ₹7.87 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹7.87 crore.
Technopack Polymers IPO bidding started from Nov 2, 2022 and ended on Nov 7, 2022. The allotment for Technopack Polymers IPO was finalized on Nov 11, 2022. The shares got listed on BSE SME on Nov 16, 2022.
Technopack Polymers IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
ISK Advisors Pvt.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 Technopack Polymers IPO RHP for detailed Information.
| IPO Date | November 2, 2022 to November 7, 2022 |
| Listing Date | November 16, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,30,000 shares (aggregating up to ₹7.87 Cr) |
| Reserved for Market Maker | 71,500 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.3933 Cr) |
| Net Offered to Public | 13,58,500 shares (aggregating up to ₹7.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 39,70,000 shares |
| Share Holding Post Issue | 54,00,000 shares |
Technopack Polymers IPO offers total 14,30,000 shares. Out of which 6,79,250 (47.50%) allocated to NII, 6,79,250 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 71,500 (5.00%) |
| NII (HNI) Shares Offered | 6,79,250 (47.50%) |
| Retail Shares Offered | 6,79,250 (47.50%) |
| Total Shares Offered | 14,30,000 (100.00%) |
Technopack Polymers IPO opens on November 2, 2022, and closes on November 7, 2022.
| IPO Open Date | Wed, Nov 2, 2022 |
| IPO Close Date | Mon, Nov 7, 2022 |
| Tentative Allotment | Fri, Nov 11, 2022 |
| Initiation of Refunds | Mon, Nov 14, 2022 |
| Credit of Shares to Demat | Tue, Nov 15, 2022 |
| Tentative Listing Date | Wed, Nov 16, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 7, 2022 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, Technopack Polymers Limited manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the "TECHNOPET" brand name. The Company also manufactures high-quality CCM CAP.
Technopack Polymers Limited's product portfolio includes PET Polyethylene Terephthalate (PET Preforms are used by customer companies for the packaged drinking water industry, Carbonated Soft Drinks etc.), and Cap-Closure is made by HDPE plastic granules.
The Company has fully automatic machines for the manufacture of PET Preform & Cap Closure at Rajkot, Gujarat.
Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 357.87 | 355.27 | 3.8 | 97.63 | -2.37 | 257.36 |
| 31-Mar-21 | 585.73 | 615.74 | 1.91 | 99.54 | -0.46 | 328.98 |
| 31-Mar-22 | 926.29 | 1002.87 | 210.83 | 300.37 | 200.37 | 270.78 |
| 31-Jul-22 | 1183.82 | 482.1 | 93.94 | 779.31 | 382.31 | 160.56 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Technopack Polymers IPO is ₹29.70 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.54 |
The Objects of the Net Issue is to raise funds for:
(a) Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures.
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
[Dilip Davda] The company is in the business of Pet Preforms and CCM Caps which is a highly competitive and fragmented segment. The sustainability of margins reported raises concern. Based on its recent financial performance, the issue is lucratively priced. Small equity post IPO indicates longer gestation for migration to the mainboard. Cash surplus/risk seekers may consider parking funds for the medium to long term. Read detail review...
| Listing Date | November 16, 2022 |
| BSE Script Code | 543656 |
| NSE Symbol | |
| ISIN | INE0MXP01015 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹74.00 |
| Low | ₹70.30 |
| High | ₹77.70 |
| Last Trade | ₹77.70 |
Technopack Polymers Ltd.
M/s Gokul Industries Rafaleshvar Industrial Estate
Nr. Rafaleshvar Rlw. Track, Morbi,
Jambudiya
Rajkot, Gujarat, 363642
Phone: +91 9099070066
Email: compliance@technopackltd.com
Website: https://technopackltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Technopack Polymers IPO is a SME IPO of 14,30,000 equity shares of the face value of ₹10 aggregating up to ₹7.87 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on November 2, 2022, and closes on November 7, 2022.
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 Technopack Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Technopack Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technopack Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technopack Polymers IPO opens on November 2, 2022 and closes on November 7, 2022.
Technopack Polymers IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Technopack Polymers 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 Technopack Polymers IPO will be done on Friday, November 11, 2022, and the allotted shares will be credited to your demat account by Tuesday, November 15, 2022. Check the Technopack Polymers IPO allotment status.
The Technopack Polymers IPO listing date is on Wednesday, November 16, 2022.
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