Ideal Technoplast Industries Limited IPO

NiftyTrader • August 20, 2024

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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

IPO Date	August 21, 2024 to August 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹121 per share
Lot Size	1000 Shares
Total Issue Size	1,325,000 shares (aggregating up to ₹16.03 Cr)
Fresh Issue	1,325,000 shares (aggregating up to ₹16.03 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Shareholding pre-issue	3,675,000
Shareholding post-issue	5,000,000

Ideal Technoplast Industries IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹121,000
Retail (Max)	1	1000	₹121,000
S-HNI (Min)	2	2,000	₹242,000

Ideal Technoplast Industries IPO Objectives

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

General Corporate Purpose
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

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,508.51	978	356.78	300.86
Revenue	2,424.11	1,199.79	568.13	569.47
Profit After Tax	326.61	50.62	10.53	9.82
Net Worth	743.07	188.6	137.98	127.45
Reserves and Surplus	375.57	48.95	-1.67	-12.19
Total Borrowing	456.89	586.04	146.56	118.62
				Amount in ₹ Lakhs

Ideal Technoplast Industries IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

Ideal Technoplast Industries IPO Timeline

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

IPO Open Date	Wednesday, August 21, 2024
IPO Close Date	Friday, August 23, 2024
Basis of Allotment	Monday, August 26, 2024
Initiation of Refunds	Tuesday, August 27, 2024
A credit of Shares to Demat	Tuesday, August 27, 2024
Listing Date	Wednesday, August 28, 2024
Cut-off time for UPI mandate confirmation	5 PM 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.