Ideal Technoplast Industries Limited IPO  

Ideal Technoplast Industries Limited IPO  opens on August 21, 2024, and closes on August 23, 2024. The allotment for the Ideal Technoplast Industries Limited IPO   is anticipated to be completed on Monday, August 26, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Wednesday, August 28,2024.

The Ideal Technoplast Industries Limited IPO’s price band is Rs 121 per share. The IPO is a book-built issue of Rs 16.03 crores crores, an entirely new issue of 13.25 Lakhs shares.

Ideal Technoplast Industries IPO Details

Ideal Technoplast Industries IPO Lot Size

Ideal Technoplast Industries IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. General Corporate Purpose
2. To Meet Capital Expenditure

About Ideal Technoplast Industries Limited

Founded in 2012, Ideal Technoplast Industries Limited specializes in the manufacturing of rigid plastic packaging, catering to both domestic and international markets. However, its global presence is facilitated indirectly via export companies and third-party distributors. The company’s diverse product range includes industrial packaging solutions such as round and square containers, twist containers, and bottles, serving a variety of sectors including paints, agrochemicals, cosmetics, adhesives, lubricants, food, and edible oils.

Ideal Technoplast Industries operates a highly advanced production facility located in Surat, spread across multiple floors with a total area of 20,000 sq. ft. The facility is equipped with state-of-the-art technology, including an in-house design and printing unit, as well as a fully automated production line. As of March 31, 2024, the company employs 28 people, who support its mission to deliver high-quality packaging solutions with a strong emphasis on technological innovation and efficiency.

Ideal Technoplast Industries Limited Financial Information

Ideal Technoplast Industries IPO Reservation

Ideal Technoplast Industries IPO Timeline

Ideal Technoplast Industries IPO opens on August 21, 2024, and closes on August 23, 2024.

Conclusion

The Ideal Technoplast Industries Limited IPO, set to open on August 21, 2024, offers a unique investment opportunity for a company specializing in rigid plastic packaging. With a price band of Rs 121 per share, the IPO is a fixed price issue aiming to raise Rs 16.03 crores through the issuance of 13.25 lakh shares. The funds raised will support general corporate purposes and capital expenditures. The company, known for its advanced production facility in Surat and diverse product range, has shown strong financial growth, making it an attractive option for investors. The IPO will be listed on the NSE SME, with trading expected to begin on August 28, 2024.