August 28, 2024
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Ideal Technoplast IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Ideal Technoplast listing Review
The scrip is listed at Rs. 131.10 on 28 August 2024, at premium of 9.17% over the issue price Rs. 121. The listing is marginally below the expectations of the grey market.
Ideal Technoplast IPO allotment Link
What was the last grey market premium of Ideal Technoplast IPO?
Premium Rs. 15
Subscription status of Ideal Technoplast IPO
Ideal Technoplast IPO (Closed)Price Rs. 121 Lot 1000 shares, Rs. 15.22 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 108.49 | 115.57 | 116.75 | 72,694 (115.57x) | |
| Amount wise bids recd. Rs. 1776.94 Crore | ||||
| Note: | ||||
What is the business of Ideal Technoplast?
Leading Manufacturer and Supplier of Rigid Plastic Packaging
The company excels in manufacturing and supplying rigid plastic packaging, serving both domestic and international markets through export houses and third parties. It offers a variety of industrial packaging solutions tailored to sectors such as paints, agrochemicals, cosmetics, adhesives, lubricants, food, and edible oil.
Its state-of-the-art facility in Surat spans 20,000 square feet across multiple stories and is equipped with advanced technology, including a fully automated plant. It utilizes In-Mould Labelling (IML) with robotic automation to boost its production capacity. The facility also features specialized units for production, research and development, quality control, and automated screen printing.
Quality is at the core of its operations. Its rigorous testing procedures encompass every stage, from raw material sourcing to final product inspection. It conducts thorough weight checks, drop tests, finishing evaluations, and leak tests to ensure the highest standards.
In addition to its manufacturing capabilities, we offer advanced in-house design and printing technology. Its expertise lies in producing square packaging containers renowned for their durability, ruggedness, and capacity to handle heavy items with ease. Through continuous innovation and quality assurance, it delivers reliable and efficient packaging solutions to meet diverse industry needs.
Get more information about the company @ : http://www.idealtechnoplasts.com/
Ideal Technoplast IPO Details |
|
| IPO opens on | 21 August 2024 |
| IPO closes on | 23 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1325000 Shares / Rs 16.03 Crore |
| * Fresh Issue | 1325000 Shares / Rs 16.03 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 67000 Shares |
| Net offer to Public | 1258000 Shares/ Rs.15.22 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.121 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 629000 | 7.61 |
| RII (50%) | 629000 | 7.61 |
| Total Shares | 1258000 | 15.22 |
| Retail portion will be oversubscribed by | 629 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.121000 |
| Min HNI Application | 2000 Shares | Rs.242000 |
Who are the Promoters of Ideal Technoplast IPO?
Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, Mr. Vipulbhai Dulabhai Mendapara, Mrs. Mitulaben Vipulbhai Mendapara, Mr. Gauravbhai Chhaganbhai Gopani, and Mrs. Ashaben Gauravbhai Gopani are the promoters of the company.
What are the Objects of Ideal Technoplast IPO?
The Offer comprises of only fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Capital Expenditure;
- General Corporate Purpose.
Tentative timetable |
|
| IPO opens on | 21 August 2024 |
| IPO Closes on | 23 August 2024 |
| IPO Allotment on | 26 August 2024 |
| Refund Initiation | 27 August 2024 |
| Credit of Shares | 27 August 2024 |
| Listing on | 28 August 2024 |
| Registered Office of the Company 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 |
| Who is the Lead Manager of this IPO? Swastika Investmart Ltd |
|
Who is the Registrar to IPO? |
Ideal Technoplast IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Ideal Technoplast IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 5.68 | 0.11 | 0.70 | 7.70 |
| 2022-23 | 11.99 | 0.51 | 0.71 | 7.63 |
| 2023-24 11M | 9.11 | 1.35 | 3.63 | 26.84 |
| Book Value of the Share on 29.02.2024 |
Rs | 20.22 | ||
| BV of the Share at cap price after IPO |
Rs. | 46.93 | ||
| Offer Price/upper band | Rs. | 121 | ||
IPO
|
|
| Price/EPS of 23-24 | 33.33 |
| Price/BV Ratio | 5.98 |
| Price/BV after IPO | 2.58 |
How Ideal Technoplast IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Ideal Technoplast | 10 | 12 | 33.33 |
| Moldtech Plastic | 5 | 731 | 34.41 |
| Time Technoplast | 1 | 4293 | 28.38 |
| TPL Plasttech | 2 | 272 | 46.82 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ideal Technoplast IPO Review
The company excels in manufacturing and supplying rigid plastic packaging, serving both domestic and international markets through export houses and third parties. It offers a variety of industrial packaging solutions tailored to sectors such as paints, agrochemicals, cosmetics, adhesives, lubricants, food, and edible oil.
Size: Net size of the IPO is Rs.15.22 crore, comprising of 1258000 shares. Huge oversubscription is not ruled out.
Financial Snapshot: The shares are offered at reasonable valuation
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Ideal Technoplast IPO GMP today allotment, review?
Ideal Technoplast IPO GMP grey market premium
Ideal Technoplast IPO FAQs
What is Ideal Technoplast IPO?
This is a SME IPO of 1325000 equity shares of the face value of Rs. 10 aggregating up to Rs.16.03 Crores. The issue is priced at Rs.121 per share. The minimum order quantity is 1000 Shares.
When will Ideal Technoplast IPO subscription open?
Ideal Technoplast IPO opens on August 21, 2024, and closes on August 23, 2024.
What is the lot size of Ideal Technoplast IPO?
Ideal Technoplast IPO lot size is 1000 Shares, and the minimum amount required is Rs.121000
How to apply for Ideal Technoplast IPO?
You can apply in Ideal Technoplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Ideal Technoplast IPO allotment?
The finalization of Basis of Allotment for Ideal Technoplast IPO will be done on August 26, 2024, and the allotted shares will be credited to your demat account by August 27, 2024.
When is Ideal Technoplast IPO listing date?
Ideal Technoplast IPO listing date is August 28, 2024.
