Ideal Technoplast Industries IPO will open for subscription from 21 August 2024. The company aims for an issue size of ₹16.03 Cr through this IPO.
Company Overview
| Full name | Ideal Technoplast Industries Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://idealtechnoplast.com/ |
About Company
Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging. The company also exports globally through export houses and third parties. It provides industrial packaging solutions for various sectors, including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. The company offers various rigid plastic packaging solutions using advanced manufacturing technologies and in-house design and printing capabilities. Specializing in the production of square packaging containers, known for their ruggedness, durability, and ease of handling heavy items, the company has positioned itself as a trusted and recognized player in the market.
Its facility in Surat spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. The company utilizes In-Mould Labelling (IML) via robotic automation, leading to industry-leading output capacity. Specialized units include production, R&D, quality control, and automated screen printing. As of 31 March 2024, the company employed 28 people.
The Objectives of the Issue
- To Meet Capital Expenditure;
- General Corporate Purpose.
Ideal Technoplast Industries IPO Timetable
| IPO Opening date | 21 August 2024 |
| IPO Closing | 23 August 2024 |
| Basis of Allotment | 26 August 2024 |
| Initiation Refund | 27 August 2024 |
| Credit to Demat Account | 27 August 2024 |
| Listing Date | 28 August 2024 |
Ideal Technoplast Industries IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.03 Cr – 1,325,000 shares |
| Fresh Issue | ₹16.03 Cr – 1,325,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹121 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 67,000 shares |
| Shareholding pre-issue | 3,675,000 |
| Shareholding post-issue | 5,000,000 |
| Listing Exchange | NSE SME |
Ideal Technoplast Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
Ideal Technoplast Industries Offer Documents
Ideal Technoplast Industries IPO Reservation Details
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 1 Apr – 22 Nov 2023 | 23 Nov 2023 – 29 Feb 2024 | |
| Revenue | 5.69 | 5.68 | 11.99 | 15.13 | 9.11 |
| Expenses | 5.59 | 5.59 | 11.48 | 13.38 | 7.64 |
| Net income | 0.10 | 0.11 | 0.51 | 1.91 | 1.35 |
Ideal Technoplast Industries Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.70 | 0.75 | 3.63 |
| PE ratio | – | – | 33.33 |
| RONW (%) | 7.70 | 7.63 | 26.84 |
| NAV | 9.13 | 9.88 | 13.51 |
| ROCE (%) | 10.20 | 9.05 | 12.09 |
| EBITDA (%) | 5.52 | 5.75 | 9.51 |
| Debt/Equity | 1.36 | 1.58 | 4.07 |
Company Promoters
- Mr. Prafulbhai Karshanbhai Vaghasia
- Mrs. Vaishnavi Prafulbhai Vaghasiya
- Mr. Vipulbhai Dulabhai Mendapara
- Mrs. Mitulaben Vipulbhai Mendapara
- Mr. Gauravbhai Chhaganbhai Gopani
- Mrs. Ashaben Gauravbhai Gopani
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.50% |
Ideal Technoplast Industries Offer GMP Update
Coming Soon
Ideal Technoplast Industries IPO Subscription Update
Coming Soon
Ideal Technoplast Industries IPO Allotment Status
Ideal Technoplast IPO allotment status will be available on the Bigshare Services website. Click on this link to get allotment status.
Ideal Technoplast Industries IPO Listing Details
| Listing Date | 28 August 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
Ideal Technoplast Industries IPO Lead Manager(s)
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Ideal Technoplast Industries Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Ideal Technoplast Industries Contact Details
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, Gujarat, India, 394540
Phone: 0261-2769409
E-mail: cs@idealtechnoplast.com
Website: www.idealtechnoplast.in
Ideal Technoplast Industries IPO FAQs
What is the Ideal Technoplast offer size?
Ideal Technoplast offer size is ₹ 16.03 crores.
What is the Ideal Technoplast offer price band?
Ideal Technoplast public offer price is ₹ 121 per share.
What is the lot size of the Ideal Technoplast IPO?
Ideal Technoplast offer a lot size is 1,000 shares.
What is Ideal Technoplast IPO GMP today?
Ideal Technoplast IPO GMP today is ₹ NA per share.
What is the Ideal Technoplast kostak rate today?
Ideal Technoplast kostak rate today is ₹ NA per application.
What is Ideal Technoplast Subject to the Sauda rate today?
Ideal Technoplast is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Ideal Technoplast Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
