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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
IPO Timeline
Ideal Technoplast Industries Ltd IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
21-Aug-2024 | - | 2.28 | 8.68 | 5.48 |
22-Aug-2024 | - | 3.47 | 19.40 | 11.43 |
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.
Contact Information
Ideal Technoplast Industries Ltd
Ideal Technoplast Industries Limited
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat - 3945
Phone: 0261-2769409
Email: cs@idealtechnoplast.com
Website: http://www.idealtechnoplasts.com/
Ideal Technoplast Industries Ltd IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html