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Ideal Technoplast Industries Ltd IPO

  • Status: Closed
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    28 Aug 2024

  • Listing Price

    ₹ 132.10

  • Listing Change

    9.17%

  • Last Traded Price

    ₹ 104.15

IPO Details

  • Open Date

    21 Aug 2024

  • Close Date

    23 Aug 2024

  • IPO Price Range

    ₹ 121

  • IPO Size

    ₹ 16.03 Cr

  • Listing Exchange

    TBA

  • Listing Date

    28 Aug 2024

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IPO Timeline

Ideal Technoplast Industries Ltd IPO Subscription Status

Last Updated: 22nd August 2024, 6:25 PM by 5paisa

Ideal Technoplast Industries IPO is set to open on 21 August 2024 and will close on 23 August 2024. The company specializes in manufacturing rigid plastic packaging.

The IPO includes a fresh issue of 13,25,000 shares aggregating up to ₹16.03 Cr. The price is ₹121 per share and the lot size is 1000 shares. 

The allotment is scheduled to be finalized on 26 August 2024. It will go public on NSE SME, with a tentative listing date of 28 August 2024.

Swastika Investmart Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. 

Ideal Technoplast IPO Size

                                                                                       
Types Size (₹Cr)
Total IPO size 16.03
Offer for sale -
Fresh issue 16.03

Ideal Technoplast IPO Lot Size

                                                                                                                                                                                               

Application Lots Shares Amount (₹)
Retail (Min) 1 1,000 1,21,000
Retail (Max) 1 1,000 1,21,000
HNI (Min) 2 2,000 2,42,000

Ideal Technoplast IPO Reservation

 

                                                                                                                                                                                                                                                   

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 3.47 6,29,000 21,81,000 26.39
Retail 19.40 6,29,000 1,22,02,000 147.64
Total 11.43 12,58,000 1,43,83,000     174.03

To Meet Capital Expenditure.
General Corporate Purpose.
 

Founded in 2012, Ideal Technoplast Industries Limited specializes in manufacturing rigid plastic packaging, catering to both domestic and international markets, primarily through export companies and third parties.

The company provides industrial packaging solutions, offering a wide range of products such as round and square containers, twist containers, and bottles for industries including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

Ideal Technoplast is equipped with advanced manufacturing capabilities, featuring in-house design and printing technology. The production facility, located in Surat, spans 20,000 sq. ft. across multiple floors and is equipped with state-of-the-art technology, including a fully automated production line.

As of March 31, 2024, the company employs 28 staff members.


Peer Comparison

TPL Plastech Ltd 
Time Technoplast Ltd 
 Mold-Tek Packaging Ltd 

Strengths

1. Ideal Technoplast serves a wide range of industries providing stability and multiple revenue streams.
2. The company's production facility in Surat is equipped with state-of-the-art technology.
3. Even though the company indirectly exports through third parties, its presence in international markets adds resilience and potential for growth.
4. With the capability to produce various types of packaging solutions like round and square containers, the company can cater to specific client needs.

Risks

1. The company’s reliance on third parties and export companies for international sales may limit its control over pricing, margins, and client relationships in global markets.
2. The plastic packaging industry is heavily dependent on the price of raw materials, which are subject to fluctuations due to market dynamics and regulations.
3. The rigid plastic packaging industry is highly competitive, with numerous players offering similar products.
 

 

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FAQs

Ideal Technoplast Industries IPO opens from 21st August to 23rd August 2024.

The size of Ideal Technoplast Industries IPO is ₹16.03 Cr.

The price of Ideal Technoplast Industries IPO is fixed at ₹121 per share. 

To apply for Ideal Technoplast Industries IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Ideal Technoplast Industries IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Ideal Technoplast Industries IPO is 1,000 shares and the investment required is ₹1,21,000.

The share allotment date of Ideal Technoplast Industries IPO is 26th August 2024.

The Ideal Technoplast Industries IPO will be listed on 28th August 2024.

Swastika Investmart Ltd is the book-running lead manager for Ideal Technoplast Industries IPO.

Ideal Technoplast Industries plans to utilize the raised capital from the IPO for:

To Meet Capital Expenditure.
General Corporate Purpose.