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Time Technoplast IPO is a book build issue of ₹123.53 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹123.53 crore.
Time Technoplast IPO bidding started from May 18, 2007 and ended on May 23, 2007. The shares got listed on BSE, NSE on Jun 13, 2007.
Time Technoplast IPO price band is set at ₹315.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,800 (20 shares). The lot size investment for sNII is 32 lots (640 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (3,180 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 2,61,100 shares for employees offered at a discount of ₹0.00 to the issue price.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Time Technoplast IPO RHP for detailed Information.
| IPO Date | May 18, 2007 to May 23, 2007 |
| Listing Date | June 13, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹290 to ₹315 per share |
| Issue Price Final | ₹315 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,21,500 shares (aggregating up to ₹123.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,70,05,000 shares |
| Share Holding Post Issue | 2,09,26,500 shares |
Time Technoplast IPO offers total 39,21,500 shares. Out of which 21,96,240 (56.01%) allocated to QIB, 3,66,040 (9.33%) allocated to NII, 10,98,120 (28.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 21,96,240 (56.01%) | NA |
| NII (HNI) Shares Offered | 3,66,040 (9.33%) | NA |
| Retail Shares Offered | 10,98,120 (28.00%) | 54,906 |
| Employee Shares Offered | 2,61,100 (6.66%) | NA |
| Total Shares Offered | 39,21,500 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Time Technoplast IPO opens on May 18, 2007, and closes on May 23, 2007.
| IPO Open Date | Fri, May 18, 2007 |
| IPO Close Date | Wed, May 23, 2007 |
| Tentative Listing Date | Wed, Jun 13, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 23, 2007 |
Investors can bid for a minimum of 20 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 | 20 | ₹6,300 |
| Retail (Max) | 31 | 620 | ₹1,95,300 |
| S-HNI (Min) | 32 | 640 | ₹2,01,600 |
| S-HNI (Max) | 158 | 3,160 | ₹9,95,400 |
| B-HNI (Min) | 159 | 3,180 | ₹10,01,700 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Time Technoplast Limited (TTL) is in business of manufacturing technology based polymer products for Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction and Infrastructure related products.
TTL has manufacturing facilities spread over 6 strategic locations and equipped with 11 regional / area marketing offices. TTL serve over 500 institutional clients and its distribution network spread to reach 345 cities and towns. For FY05-06, TTL revenue was Rs 3045 million.
TTL’s product portfolio include following popular brands:
Time Mauser : Packaging Product – Drums / Containers
Conipails: Packaging – Pails
Ecopet: Packaging – PET Sheet
Meadowz: Lifestyle – Turf,
DuroTurf: Duro Soft Lifestyle – Entrance Mattings
Regal: Lifestyle – Garden Furniture
3S: Auto Components – Anti Spray Device
Genex: Healthcare – Medical Devices
| KPI | Values |
|---|---|
| RoNW | 18.3% |
The Company Time Technoplast IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up of new project at Thane (H.P.) for Disposable Medical Devices | 352.34 |
| 2 | Setting up integrated injection moulding facilities at Silvassa (U.T.) for augmenting production capacity for plastic Pails and Auto Components | 153.71 |
| 3 | Setting up of new project in Mid East (Sharjah – UAE) for Packaging (Plastic drums & containers and coni Pails) and Life Style Products (Garden Furniture) | 275.00 |
| 4 | Setting up production facilities in Europe (Poland) for Auto Components (Anti Spray Devices) and Life Style Products (Entrance Matting and Turf) | 121.01 |
| 5 | To acquire entire 49% holding of Time Securities Services Pvt. Ltd. in the Singapore based Joint Venture Mauser Holding Asia Pte. Ltd. with Mauser Holding Netherlands B.V. holding remaining 51% | 191.97 |
| 6 | General corporate purpose | |
| 7 | Issue Expenses |
| Listing Date | June 13, 2007 |
| BSE Script Code | 532856 |
| NSE Symbol | TIMETECHNO |
| ISIN | INE508G01029 |
| Final Issue Price | ₹315 per share |
| BSE Listing Group | B1 |
Time Technoplast Ltd.
Time Technoplast Limited,
213, Sabari Kachigam,
Daman (U.T.) - 396210. India
Daman, Dadra and Nagar Haveli and Daman and Diu
Phone: +91-260-2240156
Email: investors@timemauser.com
Website: http://www.timetechnoplast.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: timetechno.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Time Technoplast IPO is a main-board IPO of 39,21,500 equity shares of the face value of ₹10 aggregating up to ₹123.53 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 20.
The IPO opens on May 18, 2007, and closes on May 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Time Technoplast IPO using UPI as a payment gateway. Zerodha customers can apply in Time Technoplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Time Technoplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Time Technoplast IPO opens on May 18, 2007 and closes on May 23, 2007.
Time Technoplast IPO lot size is 20, and the minimum amount required for application is ₹6,300.
You can apply in Time 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 Time Technoplast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Time Technoplast IPO allotment status.
The Time Technoplast IPO listing date is on Wednesday, June 13, 2007.
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