Technopack Polymers IPO

Technopack Polymers IPO

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 nameTechnopack Polymers Limited
SectorPlastic products
IndustryPlastic products
Company Website

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 date02 November 2022
IPO Closing07 November 2022
Basis of Allotment11 November 2022
Initiation Refunds14 November 2022
Credit to Demat Account15 November 2022
Listing Date17 November 2022

Technopack Polymers IPO Details

IPO DateNov 2, 2022 to Nov 7, 2022
Face Value₹10 per share
Price₹55 per share
Lot Size2000 Shares
Issue Size1,430,000 shares of ₹10
(aggregating up to ₹7.87 Cr)
Fresh Issue1,430,000 shares of ₹10
(aggregating up to ₹7.87 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Technopack Polymers IPO Lot Size

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000

Technopack Polymers IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Technopack Polymers Financial Performance

 FY 2020FY 2021FY 2022
Net income3.801.91210.83
(Figures are in ₹Lakhs)

Company Promoters

  • Mr. Kalpeshkumar Ishwarlal Pandya
  • Mr. Chetankumar Ishvarlal Pandya

Technopack Polymers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.51%

Lead Manager(s)

  • ISK Advisors Pvt Ltd

Technopack Polymers Offer Registrar

1st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Phone: +91 22 62638200

Technopack Polymers Contact Details

M/s. Gokul Industries,
Rafaleshvar Industrial Estate,
Nr. Rafaleshvar Rlw. Track,
Morbi, Jambudiya, Rajkot, Gujarat
Phone: +91 9099070066

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

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