Ideal Technoplast Industries SME IPO Date, Review, Price, Allotment Details
Ideal Technoplast Industries SME IPO : The SME IPO for Ideal Technoplast Industries is available for subscription from August 21, 2024, to August 23, 2024. Below are the important specifics:
– Issue Size : ₹16.03 crores
– Cost: ₹121 for each share
– Size of lot: 1000 shares
– Retail investors must invest at least ₹121,000.
– Date of Listing: August 28, 2024, on the NSE SME platform
Lead Manager: Swastika Investmart Ltd.
Registrar is Bigshare Services Pvt Ltd.
– Sunflower Broking is the market maker.
The initial public offering consists of only new shares totaling 13.25 lakh. The money raised will be utilised for capital expenses and overall operational needs.
Are you considering investing in Ideal Technoplast Industries SME IPO ?
Table of Contents
Ideal Technoplast Industries SME IPO Details
| Detail | Information |
| Issue Size | ₹16.03 crores |
| Price | ₹121 per share |
| Lot Size | 1000 shares |
| Minimum Investment | ₹121,000 |
| Subscription Dates | August 21, 2024 – August 23, 2024 |
| Listing Date | August 28, 2024 |
| Exchange | NSE SME platform |
| Lead Manager | Swastika Investmart Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Market Maker | Sunflower Broking |
| Purpose | Capital expenditure and general corporate purposes |
Ideal Technoplast Industries SME IPO important Dates :
| Event | Date |
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| Basis of Allotment | August 26, 2024 |
| Initiation of Refunds | August 27, 2024 |
| Credit of Shares to Demat | August 27, 2024 |
| Listing Date | August 28, 2024 |
Ideal Technoplast Industries IPO GMP :
Below is a chart outlining the Grey Market Premium (GMP) for the Ideal Technoplast Industries IPO.
| Date | GMP (₹) | Kostak Rate (₹) | Subject to Sauda (₹) |
| August 21, 2024 | ₹15 | ₹- | ₹10,000 |
| August 20, 2024 | ₹15 | ₹- | ₹- |
| August 19, 2024 | ₹- | ₹- | ₹- |
| August 16, 2024 | ₹- | ₹- | ₹- |
The GMP indicates a premium of ₹15 over the issue price of ₹121 per share.
What is the business of Ideal Technoplast Industries?
Ideal Technoplast Industries is a well-known producer and provider of rigid plastic packaging solutions. Their products are designed for a range of industries, such as:
- Colors in liquid form for artistic purposes.
- Farming or the cultivation of crops.
- Substances derived from the field of chemistry
- Beauty products
- Glues
- Oils and fluids that reduce friction and wear in machinery.
- Food and Cooking Oil
The company also participates in exports by working with export houses and third-party vendors. They offer adaptable and long-lasting industrial packaging solutions to meet the requirements of various industries.
What is the financial performance of Ideal Technoplast Industries?
Ideal Technoplast Industries has shown a consistent strong financial results achieved in the last few years. Below are several important financial indicators for the fiscal year ending in February 2024.
- Overall income: ₹24.24 crore
- Profit After Tax (PAT) stands at Rs 3.26 crores.
- Aggregate assets: ₹15.08 crores
- Total value of assets: ₹7.43 crores
- Earnings Before Interest, Taxes, Depreciation, and Amortization: 3.98 crore Indian Rupees
- Average EPS for the past three fiscal years is ₹2.18.
- Return on Net Worth (RoNW) has averaged 17.25% over the past three fiscal years.
The firm has sustained a solid profit margin and a robust return on equity, showcasing effective management and profitability.
History of Ideal Technoplast industries?
Ideal Technoplast Industries was initially formed as a partnership firm on August 24, 2012, operating under the title “M/s. “Ideal Technoplast Industries” can be considered as the perfect company in the plastic industry.
The company has developed into a well-known producer of rigid plastic packaging solutions, serving different sectors like paints, agriculture, chemicals, cosmetics, adhesives, lubricants, and food.
The company runs a cutting-edge production plant in Surat, equipped with modern manufacturing technologies and automated production lines.
Ideal Technoplast Industries has broadened its market presence over time by providing products domestically and internationally through third-party suppliers and export houses.
Risk associated with ideal technoplast industries?
There are various risks that investors should take into account when considering Ideal Technoplast Industries SME IPO :
Raw material costs greatly impact profit margins at the company, as it relies heavily on them.
Market Impact: Only a small footprint worldwide, with the majority of profits coming from local markets.
Customer dependence: Relying heavily on a small number of key customers, which can result in fluctuations in revenue.
Businesses that require significant investments of capital can put a strain on financial resources due to the continuous need for funding.
Competitive Market: Competing in a very competitive and divided sector.
Sustainability of growth is in question due to sudden increases in top and bottom lines.
Operational Risks: Reliance on particular areas for raw materials and possible consequences from shortages of electricity or water.
Understanding these dangers can assist you in forming a more knowledgeable investment choice in Ideal Technoplast Industries SME IPO .
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