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Ideal Technoplast Industries Limited IPO And Its GMP
Ideal Technoplast Industries Limited stands as a prominent manufacturer and supplier of rigid plastic packaging. Our company is also exported globally (indirectly through export houses and third parties). They provide industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food and edible oil.
Its Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. Our Company has In-Mold Labeling (IML) via robotic automation that has led to industry-leading output capacity. It also has specialized units like production, R&D, quality control, and automated screen printing. It does quality testing, beginning from raw material sourcing to the final product, encompassing tests like weight checks, drop tests, finishing evaluations, and leak tests.
Issue Size: ₹16.03 crores
Fresh Issue: 13.25 lakh shares
Issue Price: ₹121 per share
Lot Size: Minimum application of 1000 shares
Subscription Period: August 21, 2024 to August 23, 2024
Book Running Lead Manager: Swastika Investmart Ltd
Registrar: Bigshare Services Pvt Ltd
Market Maker: Sunflower Broking
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Ideal Technoplast Industries Limited IPO And Its GMP GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-27 | 121 | 15.0 (12%) | 2024-08-27 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Ideal Technoplast Industries Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,675,000 |
| Shareholding post issue | 5,000,000 |
| Market Maker portion | 67,000 shares Sunflower Broking |
Ideal Technoplast Industries Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Ideal Technoplast Industries Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2000 | ₹242,000 |
Ideal Technoplast Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | 73.50% |
Company & Financials
Established in 2012, Ideal Technoplast Industries Limited is a rigid plastic packaging manufacturer offering its products to both domestic and international markets (indirectly through export companies and third parties). Ideal Technoplast offers industrial packaging solutions including round and square containers, twist containers and bottles for industries such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food and edible oil. The company has advanced manufacturing technologies, including in-house design and printing technology. The production facility in Surat spans several floors over an area of 20,000 sq. ft. and has state-of-the-art technology, including a fully automated line.
Competitive Strength:
- -
Ideal Technoplast Industries Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 Feb 2024 | 1,508.51 | 910.91 | 135.4 | 743.07 | - | 456.89 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 978 | 1,199.79 | 50.62 | 188.6 | - | 586.04 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 356.78 | 568.13 | 10.53 | 137.98 | - | 146.56 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 300.86 | 569.47 | 9.82 | 127.45 | - | 118.62 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.95 |
| ROCE | 32.95 |
| RoNW | 43.95 |
| P/BV | 8.96 |
| PAT Margin (%) | 13.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.38 | 2.95 |
| P/E (x) | 87.85 | 40.96 |
Objectives of Ideal Technoplast Industries IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Capital Expenditure.
- 2. General Corporate Purpose.
Ideal Technoplast Industries IPO Review
The company is operating in a highly competitive and fragmented segment. It marked static top lines for FY21 and FY22, but the sudden boost in its top lines from FY23 onwards raised eyebrows. Boosted bottom line for 11M-FY24 raises concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Small equity capital post-IPO indicates a longer gestation period for migration. Well-informed investors may park moderate funds for the medium to long term.
RHP:
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Frequently Asked Questions (FAQs)
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What is an Ideal Technoplast Industries IPO?
Ideal Technoplast IPO is an NSE SME IPO. They are going to raise ₹16.03 Crores via IPO. The issue is priced at ₹121 per equity share. The IPO is to be listed on NSE.
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When will Ideal Technoplast Industries IPO open?
The IPO will open on August 21, 2024, for QIB, NII, and Retail Investors.
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What is an Ideal Technoplast Industries IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50% and Retail is 50%.
-
What is the Ideal Technoplast Industries IPO Size?
The ideal Technoplast IPO size is ₹16.03 crores.
-
What is the Ideal Technoplast Industries IPO Price Band?
The ideal Technoplast IPO Price Band is ₹121 per equity share.
