Technopack Polymers IPOTechnopack Polymers SME IPO Analysis @ Chanakyanipothi.com,
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    Guidance: The IPO size is relatively small and retail portion can get oversubscribed by 1114 forms. The turnover and profits of the company has shown strong rise during last 3 years. If the company can maintain its latest profitability, the IPO is very attractively priced, however grey market fancy is not strong. There are 50/50 chance of returns on listing.

    Subscription Trend of Day 3
    On 4.11.2022 at 5.00 pm
      No. of No. of times
      Shares offered Subscribed
    NII 679250 1.78
    Retail  679250 4.81
    Total 1358500 3.29

    Technopack Polymers Company Details

    The company manufactures high quality PET preform on 48 cavity state-of-art, world class Milacron Machine and ACME Mould with “TECHNOPET” brand name. The Company also manufactures high quality CCM CAP.

    The Major Product Ranges offered by the Company
    1. PET Preforms: The product, PET Preforms are used by customer companies for packaged drinking water industry, Carbonated Soft Drinks etc. Preform manufactured by the company is made from premium PET resin. The Pet Preforms are acclaimed for their excellent quality.

    2. HDPE Cap Closure: Cap-Closure is made by HDPE plastic granules. It is manufacturing CAP-Closure by world class continuous compression Moulding system.

    For more information, click www.technopackltd.com 

    Technopack Polymers IPO Details
    IPO opens on  02 November 2022
    IPO closes on  07 November 2022
    Issue Type Book Built Issue IPO
    Issue Size up to 14,30,000 Shares /Rs 7.87 Crore
    * Fresh Issue Rs.7.87 Cr approx.
    * Offer for Sale  Up to Rs.0 Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs. 55
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (00 %)  0 0
    NII (50 %)  715,000 3.93
    RII (50 %)  715,000 3.93
    Total Shares  38,21,200 38.98
    Retail portion will be oversubscribed by  1114
    Forms
    How much Shares to Apply?
    Min Retail Application 2000 Shares Rs. 110000
    Max Retail Application  2000 shares Rs. 110000

    Promoters of the IPO
    Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya

    Objects of the IPO:
    1. Part Funding to purchase and set up additional plant for manufacturing of HDPE Beverages Closures
    2. Working Capital Requirement

    Technopack Polymers IPO Tentative timetable
    IPO opens on 02 November,2022
    IPO Closes on 07 November,2022
    IPO Allotment on  11 November,2022
    Unblocking of ASBA  14 November,2022
    Credit to Demat Accounts  15 November,2022
    Listing on 17 November,2022
    Registered Office of Technopack Polymers
    M/s Gokul Industries Rafaleshvar Industrial Estate, Nr. Rafaleshvar Railway. Track, Morbi,
    Jambudiya, Dist. Rajkot Gujarat 363642
    Technopack Polymers IPO Lead Managers 
    ISK Advisors Pvt. Ltd.
    Registrar to Technopack Polymers IPO
    Bigshare Services Pvt Ltd.
    Technopack Polymers IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. Cr Rs. Cr Rs. %
    2019-20 3.55 0.04 0.38 3.89
    2020-21 6.16 0.02 0.19 1.91
    2021-22 10.03 2.10 21.08 70.19
    Book Value of the Share on 31.03.2022 Rs.30.04    
    Book Value of the Share after the IPO Rs.29    
    Offer Price   Rs. 55    
    Ratio Analysis
    Upper Price Band/last EPS 2.61
    Upper offer price/Book Value Ratio 1.83
    Upper offer price/BV after IPO Ratio 1.9
    Technopack Polymers IPO Peer Comparison:
    as on date of DRHP Total Income Rs. Net Profit PE Ratio
      Rs Cr. Rs. Cr  
    Cool Caps Industries Limited     59.26
           
           

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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    6 Comments on “Technopack, Listing on 16 Nov

    1. Vrajesh Thakkar

      As I read the DRHP & RHP of the company, profits were low in earlier years due to pandemic effect on “caps prices” in 2020-21 (it’s only good that company didn’t end up losing money) and before that it was just beginning of the company, and now the FG prices are back to upward trend.
      Company also got recognised with good companies in last year, so that’s a good sign.

      Reply
    2. Sudhir Mehta, Vadodara

      Cannot believe that any company can bring its IPO at such low ratio. Not possible. There is sure some solid adjustments in the profits of year 2021-22. Appears to be Avoid IPO

      Reply
    3. Jyostna Parikh, Mumbai

      The business is very huge. The company has given names of Patanjali and other manufacturers of mineral water bottles, yet the profits were too low. The latest profit figures appear to be manipulated.

      Reply
    4. Anand Sheth

      The IPO at first glance appears to be attractive. However, there is sudden rise in the profits of the year 21-22. This is suspicious. During earlier years, the company has very negligible small profits.

      Reply

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