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.
