Ideal Technoplast IPO Details: The Ideal Technoplast IPO is scheduled, with the offer opening on August 21 and closing on August 23. This NSE SME IPO aims to raise ₹16.03 crores, with a fixed price band of ₹121 per share and a lot size of 1,000 shares.
Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging, catering to both domestic and international markets through export houses and third parties. The company provides industrial packaging solutions across various sectors, including paints, agrochemicals, cosmetics, adhesives, lubricants, food, and edible oil. Their Surat-based facility spans 20,000 square feet, equipped with cutting-edge technology, including a fully automated plant. The company utilizes In-Mould Labelling (IML) via robotic automation, significantly boosting production capacity. Additionally, they maintain dedicated units for production, R&D, quality control, and automated screen printing. Their rigorous quality control processes encompass every stage, from raw material sourcing to final product checks, including weight assessments, drop tests, finishing inspections, and leak tests.
Ideal Technoplast offers a diverse range of rigid plastic packaging solutions, leveraging advanced manufacturing technologies such as In-House Design & Printing. They are renowned for producing square packaging containers that are durable, rugged, and designed for easy handling of heavy items. The manufacturing process is highly automated, with robotic arms minimizing human intervention. The technology also includes in-mold labeling and heat transfer molding, enabling direct printing on containers instead of traditional labeling. This approach ensures consistent product quality and enhances production efficiency. The company’s expertise in square container manufacturing is further supported by custom-designed molds tailored to meet specific customer requirements.
Ideal Technoplast IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Capital Expenditure;
- General Corporate Purpose.
Ideal Technoplast IPO Review (Apply or Not)
- Update soon
Ideal Technoplast IPO Date & Price Band Details:
| IPO Open: | August 21, 2024 |
| IPO Close: | August 23, 2024 |
| IPO Size: | Approx ₹16.03 Crores, 13,25,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ideal Technoplast IPO Lot Size:
The minimum market lot for the Ideal Technoplast IPO is set at 1,000 shares, requiring an application amount of ₹121,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹121,000 |
| Retail Maximum | 1 | 1000 | ₹121,000 |
| S-HNI Minimum | 2 | 2000 | ₹242,000 |
Ideal Technoplast IPO Timeline:
The Ideal Technoplast IPO is set to open on August 21 and will close on August 23. The allotment of shares is scheduled for August 26, with the IPO likely to be listed on August 28.
| IPO Open Date: | August 21, 2024 |
| IPO Close Date: | August 23, 2024 |
| Basis of Allotment: | August 26, 2024 |
| Refunds: | August 27, 2024 |
| Credit to Demat Account: | August 27, 2024 |
| IPO Listing Date: | August 28, 2024 |
Ideal Technoplast IPO GMP Today:
The last Grey Market Premium (GMP) for Ideal Technoplast Industries’ SME IPO is ₹15. With a price band set at ₹121, the estimated listing price is projected to be ₹136 (cap price plus today’s GMP). This suggests an expected gain of 12.40% per share.
Ideal Technoplast Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹5.69 | ₹5.59 | ₹0.10 |
| 2022 | ₹5.68 | ₹5.59 | ₹0.11 |
| 2023 | ₹12.00 | ₹11.48 | ₹0.51 |
| Feb 2024 | ₹24.24 | ₹21.01 | ₹3.27 |
Ideal Technoplast IPO Valuation – FY2023
Check Ideal Technoplast IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.63 per Equity Share |
| Price/Earning P/E Ratio: | 3.63 |
| Return on Net Worth (RoNW): | 26.84% |
| Net Asset Value (NAV): | ₹13.51 per Equity Share |
Peer Group
- Mold-Tek Packaging Limited
- Time Technoplast Limited
- TPL Plastech Limited
Company Promoters
- Mr. Prafulbhai Karshanbhai Vaghasia
- Mrs. Vaishnavi Prafulbhai Vaghasiya
- Mr. Vipulbhai Dulabhai Mendapara
- Mrs. Mitulaben Vipulbhai Mendapara
- Mr. Gauravbhai Chhaganbhai Gopani
- Mrs. Ashaben Gauravbhai Gopani
Ideal Technoplast IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Ideal Technoplast IPO Allotment Status
Check Ideal Technoplast IPO allotment status on Bigshare website URL. Click Here
Ideal Technoplast IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
Ideal Technoplast Industries Limited
Plot No. 1 to 4 and 78 to 81, Block No.572 & 572/B
Madhav Industrial Estate, Vill. Olpad,
Ta. Olpad, Surat, Gujarat, India, 394540
Phone: 0261-2769409
E-mail: cs@idealtechnoplast.com
Website: www.idealtechnoplast.in
Ideal Technoplast IPO FAQs
1. What are the Ideal Technoplast IPO dates?
- The Ideal Technoplast IPO opens on August 21, 2024, and closes on August 23, 2024.
2. What is the price band for the Ideal Technoplast IPO?
- The price band for the Ideal Technoplast IPO is ₹121 per share.
3. What is the market lot size for the Ideal Technoplast IPO?
- The minimum market lot size is 1,000 shares, requiring an application amount of ₹121,000.
4. When will the Ideal Technoplast IPO allotment be finalized?
- The allotment date for the Ideal Technoplast IPO is August 26, 2024.
5. When is the Ideal Technoplast IPO expected to list?
- The Ideal Technoplast IPO is likely to list on August 28, 2024.
6. What is the Grey Market Premium (GMP) for the Ideal Technoplast IPO?
- As of August 20th, 2024, the last GMP for the Ideal Technoplast IPO was ₹15.
7. What is the estimated listing price of the Ideal Technoplast IPO?
- Based on the current GMP, the estimated listing price is around ₹136 per share.
8. What is the expected percentage gain/loss for the Ideal Technoplast IPO?
- The expected percentage gain per share is approximately 12.40%.
9. What are the key highlights of Ideal Technoplast Industries?
- Ideal Technoplast Industries is a manufacturer and supplier of rigid plastic packaging, serving various sectors such as paints, agrochemicals, cosmetics, adhesives, and more. They operate a state-of-the-art facility in Surat with advanced manufacturing technologies, including In-Mould Labelling (IML) and robotic automation.
10. How can I apply for the Ideal Technoplast IPO?
- You can apply for the Ideal Technoplast IPO through your stockbroker using the ASBA (Application Supported by Blocked Amount) process, available via online and offline methods.
11. What are the risks associated with investing in the Ideal Technoplast IPO?
- As with any investment, there are risks involved. Investors should consider market conditions, company performance, and industry trends before applying. It’s advisable to read the company’s prospectus and consult with financial advisors.
