Technopack 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 | ||
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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.
Admin,
you provide IPO details in proper tabular form. It is welcome change at your site. Congrats.
The profit has sharply shot up. Something doubtful. May be avoided.
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
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.
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.