Ideal Technoplast IPO Subscription Status

Ideal Technoplast Industries IPO - Day 3 Subscription at 24.66 Times

Ideal Technoplast Industries IPO closed on 23rd August 2024. The company's shares are likely to be listed on 28th August 2024 and will make a trading debut on the NSE SME platform.

On 23rd August 2024, Ideal Technoplast Industries IPO received bids for 3,10,18,000 shares than the available 12,58,000 shares. This means the IPO was oversubscribed by 24.66 times by the end of day 3.

Here are the subscription details for Ideal Technoplast Industries IPO as of Day 3 (23rd August 2024 at 12:05:59 PM):

The Ideal Technoplast Industries IPO saw significant interest, primarily driven by retail investors, who were the most active participants. High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) followed closely, contributing to the overall demand, though to a lesser extent than retail investors. Qualified Institutional Buyers (QIBs), typically large entities such as mutual funds and insurance companies, showed little to no interest during the subscription period. It's common for QIBs and HNIs/NIIs to increase their participation closer to the close of the IPO, though in this case, their involvement remained minimal. 

The market-making segment was steady, reflecting stable but limited engagement. Overall, individual investors heavily supported the IPO, with institutional backing being considerably lighter.
 

Subscription Status of Ideal Technoplast Industries IPO for Days 1,2 and 3:

On day 1, Ideal Technoplast Industries IPO was subscribed 5.51 times. By the end of day 2, the subscription status had risen to 11.49 times, and on day 3, it reached 24.66 times.

Here are the complete subscription details for the Ideal Technoplast Industries IPO by category as of Day 3 ( 23rd August 2024 at ):

Ideal Technoplast Industries IPO received a varied response from different investor categories. The Market Maker subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.00 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 9.16 times, and Retail Investors at 40.15 times. Overall, Ideal Technoplast IPO was subscribed by 24.66 times.
 

Ideal Technoplast Industries IPO- Day 2 Subscription at 11.27 Times

At the end of Day 2, Ideal Technoplast IPO subscribed 11.27 times. The public issue subscribed 19.09 times in the retail category, 0.00 times in QIB, and 3.45 times in the NII category on 22nd August 2024 

Here are the subscription details of Ideal Technoplast Industries IPO as of Day 2 (22nd August 2024 at 5:07:59 PM):

The Ideal Technoplast Industries IPO saw a diverse response from various investor categories, with retail investors and High Net-Worth Individuals (HNIs) showing significant interest. Non-Institutional Investors (NIIs) followed closely, contributing to the overall demand for the issue. The Qualified Institutional Buyers (QIBs), however, did not participate in the subscription process. Typically, QIBs and HNIs/NIIs tend to boost their subscriptions during the final hours of the last day of the IPO, but this was not observed in this case. 

The Market Maker segment maintained a steady subscription rate, ensuring stability within the offering. The final figures reflect a balanced demand driven primarily by individual and non-institutional investors, with institutional interest remaining subdued.
 

Here are the complete subscription details for the Ideal Technoplast Industries IPO as of Day 2(22nd August, 2024 at 5:07:59 PM):

On day 1, Ideal Technoplast Industries IPO was subscribed to 5.40 times. By day 2, the subscription status had risen to 11.27 times. The final status will be clear after the end of day 3. Ideal Technoplast Industries IPO received a varied response from different investor categories. The Market Maker subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.00 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 3.45 times, and Retail Investors at 19.09 times. Overall, Esprit Stones Limited IPO was subscribed by 11.27 times.

Ideal Technoplast Industries IPO - Day-1 Subscription at 5.40 Times

Ideal Technoplast Industries IPO will close on 23rd August 2024. Shares of Ideal Technoplast Industries are likely to be listed on 28 August and will make their trading debut on the NSE SME platform.

On August 21st, 2024, the Ideal Technoplast Industries IPO received bids for 67,96,000 shares, much more than the 12,58,000 shares available. This means that by the end of Day 1, the IPO had been oversubscribed 5.40 times.
 

Here are the subscription details for Ideal Technoplast Industries IPO as of Day 1 (21st August, 2024 at 5:10:00 PM):

Ideal Technoplast IPO saw a strong response, primarily driven by interest from HNI/NII investors, followed by significant participation from retail investors. While there was no notable activity from Qualified Institutional Buyers (QIBs) in this round, the overall subscription was robust, with HNI/NIIs and retail investors leading the way. Typically, QIBs and HNIs/NIIs tend to increase their participation in the final hours of the last day, indicating strategic timing in their investment decisions. The total subscription figures presented do not account for the anchor portion or the market-making segment of the IPO, reflecting the core investor activity within these categories.

Here are the subscription details for Ideal Technoplast Industries IPO by category as of Day 1 (21st August, 2024 at 5:10:00 PM):

On day 1, Ideal Technoplast Industries' IPO was subscribed 5.40 times. Qualified Institutional Buyers (QIBs) did not show any subscriptions, with a rate of 0.00 times. The HNIs / NIIs portion subscribed 2.27 times, while Retail Investors subscribed 8.54 times. Overall, the IPO was subscribed 5.40 times.

About Ideal Technoplast Industries

Ideal Technoplast Industries Limited, a rigid plastic packaging producer, was founded in 2012 and sells its goods to domestic and foreign markets (via third parties and export companies).

For the paint, agro, chemical, cosmetic, adhesive, lubricant, food, and edible oil industries, Ideal Technoplast provides industrial packaging solutions, including round and square containers, twist containers, and bottles.

The business uses cutting-edge manufacturing technologies, such as internal printing and design capabilities. The 20,000-square-foot, multi-story production facility in Surat features cutting-edge technology, including a completely automated line. As of March 31, 2024, 28 workers were employed by the company.
 

Highlights of the Ideal Technoplast Industries

• IPO price band: ₹121 per share.
• Minimum application lot size: 1000 shares.
• Minimum investment for retail investors: ₹121,000.
• Minimum investment for High Net-worth Investors (HNI): 2 lots (2,000 shares), ₹242,000.
• Registrar: Bigshare Services Pvt Ltd.