Technopack Polymers IPO will open for subscription from 02 November 2022. the company aims for an issue size of ₹7.87 Cr through this Fixed price issue IPO.
Technopack Polymers Limited
The company manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the “TECHNOPET” brand name. Preforms are used to make bottles for Water, Juice, Soda, Oil, etc. A preform is made by a “finish” (bottleneck), which will not change in the blowing process. The Company also manufactures high-quality CCM CAP.
It manufactures 3 types of PET preform for the packaged drinking water industry. a) Alaska 28 mm 3 starts 8.20 gram – 250 ml b) Alaska 28 mm 3 starts 12.70 gram – 500 ml c) Alaska 28 mm 3 starts 17.80 gram – 1000 ml Cap-Closure is made by HDPE plastic granules. It manufactures CAP-Closure with a world-class continuous compression molding system. Alaska 27 mm 3 start – 1.35-gram cap closure suitable for 28 mm Alaska pet preforms in many different colors.
Basic details about the company
| Full name | Technopack Polymers Limited |
| Sector | Plastic products |
| Industry | Plastic products |
| Company Website | http://www.technopackltd.com/ |
Major competitive strengths
- good Customer base & Marketing Set-Up.
- Experienced Promoters and a well-trained employee base.
- High-class Factory setup & Manufacturing Process.
Objects of the Issue
- Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures.
- Additional Working Capital Requirement.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 02 November 2022 |
| IPO Closing | 07 November 2022 |
| Basis of Allotment | 11 November 2022 |
| Initiation Refunds | 14 November 2022 |
| Credit to Demat Account | 15 November 2022 |
| Listing Date | 17 November 2022 |
Technopack Polymers IPO Details
| IPO Date | Nov 2, 2022 to Nov 7, 2022 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Fresh Issue | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Technopack Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
Technopack Polymers IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Technopack Polymers Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 319.75 | 577.56 | 998.18 |
| Expenses | 352.42 | 613.37 | 705.12 |
| Net income | 3.80 | 1.91 | 210.83 |
Company Promoters
- Mr. Kalpeshkumar Ishwarlal Pandya
- Mr. Chetankumar Ishvarlal Pandya
Technopack Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Lead Manager(s)
- ISK Advisors Pvt Ltd
Technopack Polymers Offer Registrar
BIGSHARE SERVICES PVT. LTD.
1st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Phone: +91 22 62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Technopack Polymers Contact Details
TECHNOPACK POLYMERS LIMITED
M/s. Gokul Industries,
Rafaleshvar Industrial Estate,
Nr. Rafaleshvar Rlw. Track,
Morbi, Jambudiya, Rajkot, Gujarat
Phone: +91 9099070066
E-mail: compliance@technopackltd.com
Website: www.technopackltd.com
Technopack Polymers IPO Allotment Status
Technopack Polymers IPO allotment will be available on Bigshare Services’ website.
Click on this link to get allotment status.
Final thoughts
Technopack Polymers IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
