Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Nov 2, 2022 - Mon, Nov 7, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Nov 2, 2022
IPO Close
Mon, Nov 7, 2022
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹29.70 Cr
| IPO Date | 2 to 7 Nov, 2022 |
| Listed on | Wed, Nov 16, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,30,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 71,500 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.3933 Cr) |
| Fresh Issue (Ex Market Maker) | 13,58,500 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 13,58,500 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 39,70,000 shares |
| Share Holding Post Issue | 54,00,000 shares |
| BSE Script Code | 543656 |
| ISIN | INE0MXP01015 |
Technopack Polymers IPO comprises a total issue size of 14,30,000 shares. The net offer to the public is 13,58,500 shares, after excluding 71,500 shares allotted on a firm basis. Of the Net offer 6,79,250 (50.00%) allocated to NII 6,79,250 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,79,250 | 50.00% | 47.50% |
| Retail Shares Offered | 6,79,250 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 71,500 | 5.00% | |
| Total Shares Offered | 14,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 31 Jul 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 11.84 | 9.26 | 5.86 | 3.58 |
| Total Income | 4.82 | 10.03 | 6.16 | 3.55 |
| Profit After Tax | 0.94 | 2.11 | 0.02 | 0.04 |
| NET Worth | 7.79 | 3.00 | 1.00 | 0.98 |
| Reserves and Surplus | 3.82 | 2.00 | -0.00 | -0.02 |
| Total Borrowing | 1.61 | 2.71 | 3.29 | 2.57 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures (Compression moulding machine fully equipped with all ancillaries) | 6.38 |
| 2 | Working Capital Requirement | 0.74 |
| 3 | General Corporate Purpose | 0.25 |
| KPI | |
|---|---|
| RoNW | 70.19 |
| PAT Margin | 21.02% |
| EBITDA Margin | 37.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.45 | |
| P/E (x) | 10.54 | |
| Promoter Holding | 100% | 73.51% |
| Market Cap | ₹29.70 Cr. |
The Technopack Polymers IPO is subscribed 19.81 times on November 7, 2022 6:58:00 PM (Day 4). The public issue subscribed 19.81 times in the retail category, [.] times in the QIB category, and 19.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 19.82 | 6,79,250 | 1,34,60,000 |
| Retail | 19.81 | 6,79,250 | 1,34,56,000 |
| Total | 19.81 | 13,58,500 | 2,69,16,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, underwriters and other out of pocket expenses | 0.35 |
| 2 | Brokerage and selling commission | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.05 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹74.00 |
| Low | ₹70.30 |
| High | ₹77.70 |
| Last Trade | ₹77.70 |
Lead Manager Reports
Technopack Polymers IPO is a SME IPO of 14,30,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Nov 2, 2022, and closes on Mon, Nov 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 Wed, Nov 2, 2022 and closes on Mon, Nov 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 Tue, Nov 15, 2022. Check the Technopack Polymers IPO allotment status.
The Technopack Polymers IPO listing date is on Wed, Nov 16, 2022.
