Ideal Technoplast Industries IPO Details: The Ideal Technoplast Ipo date has been fixed, with the offering set to open on August 21 and close on August 23. This IPO, listed on the NSE SME platform, aims to raise ₹16.03 crores. Furthermore, the price band for the Ideal Technoplast IPO is set at ₹121, with a market lot of 1,000 shares.
Table of contents
- Ideal Technoplast Industries IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Ideal Technoplast Industries IPO GMP (Grey Market Premium)
- Ideal Technoplast Industries IPO Application Form PDF
- Ideal Technoplast Industries IPO Subscription Status
- Ideal Technoplast Industries IPO Allotment Status
- IPO Review
- Ideal Technoplast Industries IPO Registrar
- Ideal Technoplast Industries IPO Lead Manager
- Ideal Technoplast Industries Limited Contact
- Ideal Technoplast Industries IPO FAQs
Ideal Technoplast Industries IPO Overview
| Company Name | Ideal Technoplast Industries Limited |
| Industry | Industrial Packaging Solutions |
| IPO Issue Type | Fresh issue |
| Open Date | August 21, 2024 |
| Close Date | August 23, 2024 |
| Total Issue Size | ₹16.03 Crores (13,25,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹16.03 Crores (13,25,000 Equity Shares) |
| Price Band | ₹121 Per Share |
| Listing on | NSE SME |
| Lot Size | 1000 shares |
| Offer for Sale | ₹0 |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging, serving both domestic and international markets through export houses and third parties. They offer industrial packaging solutions for various sectors, including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
Their Surat facility, covering 20,000 sq. ft., features advanced technology such as a fully automated plant. Notably, they employ In-Mould Labelling (IML) through robotic automation to boost output capacity. Furthermore, the facility includes specialized units for production, R&D, quality control, and automated screen printing. Their rigorous quality testing encompasses everything from raw material sourcing to final product evaluations, including weight checks, drop tests, finishing assessments, and leak tests.
Moreover, the company provides a range of rigid plastic packaging solutions utilizing advanced manufacturing technologies, including In-House Design & Printing Technology. They excel in producing square packaging containers known for their robustness, durability, and ease of handling heavy items. The manufacturing process employs fully automatic machines with robotic arms, significantly reducing human intervention. These machines incorporate in-mold labeling and Heat Transfer Mould Labeling Technology, enabling direct printing on containers to ensure standardized products and maintain high quality while enhancing production efficiency. Their expertise in square container manufacturing is further supported by custom-designed molds tailored to specific customer requirements.
Key Dates
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| Basis of Allotment | August 26, 2024 |
| Refunds | August 27, 2024 |
| Credit to Demat Account | August 27, 2024 |
| IPO Listing Date | August 28, 2024 |
Financials (₹ in Crores)
| Year | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹15.08 | ₹9.78 | ₹3.56 |
| Revenue | ₹24.24 | ₹11.99 | ₹5.68 |
| Profit After Tax (PAT) | ₹3.26 | ₹0.50 | ₹0.10 |
| Net Worth | ₹7.43 | ₹1.88 | ₹1.37 |
| Total Borrowings | ₹4.56 | ₹5.86 | ₹1.46 |
Objective of the Issue
- To address capital expenditure needs.
- In addition, for general corporate purposes.
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
Ideal Technoplast Industries IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Ideal Technoplast Industries IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Ideal Technoplast Industries Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Ideal Technoplast Industries IPO Application Form PDF
To download the Ideal Technoplast Industries IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Ideal Technoplast Industries IPO Subscription Status
Ideal Technoplast Industries IPO subscription kicks off on August 21, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Ideal Technoplast Industries IPO Allotment Status
To check the Ideal Technoplast Industries IPO allotment status go to the IPO registrar website Bigshare Services Private Limited or go to IPO Allotment.
To check Ideal Technoplast Industries IPO allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Next, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Ideal Technoplast serves a wide range of industries; consequently, it provides stability and generates multiple revenue streams.
- Additionally, the company’s production facility in Surat is equipped with state-of-the-art technology.
- Although the company exports indirectly through third parties, its presence in international markets enhances resilience and offers potential for growth.
- Moreover, with the capability to produce various types of packaging solutions, such as round and square containers, the company can effectively cater to specific client needs.
Risks:
- However, 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.
- Furthermore, the plastic packaging industry is heavily dependent on the price of raw materials, which are subject to fluctuations due to market dynamics and regulations.
- Additionally, the rigid plastic packaging industry is highly competitive, with numerous players offering similar products.
Ideal Technoplast Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Ideal Technoplast Industries IPO Lead Manager
Swastika Investmart Ltd
International Trade Center Building, Ring Rd, Kailash Nagar,
Majura Gate, Surat, Gujarat 395002
Phone: +91 0120-4400740
Email: hello@swastika.co.in
Website: https://www.swastika.co.in/
Ideal Technoplast Industries Limited Contact
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 IPO FAQs
The promoters of Ideal Technoplast Industries Ltd. are Praful Karsanbhai Vaghasiya, Vipul Dulabhai Mendapara, Gauravbhai Chhaganbhai Gopani, Vaishnavi Prafulbhai Vaghasiya, Mitulaben Vipulbhai Mendapara, and Ashaben Gauravbhai Gopani.
Qualified institutional buyers receive an allocation of 0.0%. Meanwhile, non-individual investors high net worth individuals, and retail investors each receive an allocation of 50.0%.
The price band for the Ideal Technoplast Industries Ltd. IPO ranges from Rs 121.0 to Rs 121.0.
The IPO application period opens on August 21, 2024, and closes on August 23, 2024.
The IPO requires a minimum lot size of 1000 shares, and the maximum lot size is also 1000 shares.
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