Solve Plastic Products IPO Details: The IPO date for Solve Plastic Products has been confirmed, with the offering set to open on August 13 and close on August 16. This NSE SME IPO aims to raise ₹11.85 crores, with a price band fixed at ₹91 per share and a market lot of 1,200 shares.
Solve Plastic Products specializes in manufacturing a wide range of uPVC (Unplasticized Polyvinyl Chloride) pipes and rigid PVC electrical conduits, which are marketed under the brand name “BALCOPIPES.” The company is dedicated to continuous innovation in drinking water piping solutions and electrical conduit fitting technologies to meet growing market demands. Their product lineup includes solvent cement, water tanks, garden hoses, rigid PVC electrical cables, and PVC pipes.
The company operates three state-of-the-art manufacturing facilities in Kerala and one in Tamil Nadu. These facilities are equipped with the latest technology and machinery to produce high-quality uPVC pipes and electrical conduits in various sizes. The production process is fully automated, supported by a highly skilled team of engineers, technicians, and operators who ensure top-notch product quality and consistency.
Solve Plastic Products IPO Objectives:
The company intends to utilize the funding for the following objectives:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Solve Plastic Products IPO Review (Apply or Not)
- Avoid
Solve Plastic Products IPO Date & Price Band Details:
| IPO Open: | August 13, 2024 |
| IPO Close: | August 16, 2024 |
| IPO Size: | Approx ₹11.85 Crores, 1,302,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹91 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | 00% 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 |
Solve Plastic Products IPO Lot Size:
The minimum market lot for the Solve Plastic Products IPO is set at 1,200 shares, requiring an application amount of ₹109,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹109,200 |
| Retail Maximum | 1 | 1200 | ₹109,200 |
| S-HNI Minimum | 2 | 2400 | ₹218,400 |
Solve Plastic Products IPO Timeline:
The Solve Plastic Products IPO is scheduled to open on August 13 and close on August 16. The allotment of shares is expected to take place on August 19, with the IPO likely to be listed on August 21.
Solve Plastic Products IPO GMP Today:
the last recorded Grey Market Premium (GMP) for the Solve Plastic Products SME IPO is ₹0. With the price band set at ₹91, the estimated listing price is ₹91, which equals the cap price plus today’s GMP. This results in an expected gain or loss of 0.00% per share.
Solve Plastic Products Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹55.78 | ₹53.98 | ₹-0.41 |
| 2023 | ₹62.25 | ₹58.81 | ₹1.20 |
| 2024 | ₹47.16 | ₹43.50 | ₹1.42 |
Solve Plastic Products IPO Valuation – FY2024
Check Solve Plastic Products 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): | ₹4.66 per Equity Share |
| Price/Earning P/E Ratio: | 19.52 |
| Return on Net Worth (RoNW): | 32.47% |
| Net Asset Value (NAV): | ₹14.31 per Equity Share |
Peer Group
- Captain Pipes Limited
- Rungta Irrigation Limited
- Dutron Polymers Limited
- AIK Pipes and Polymers Limited
Company Promoters
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
Solve Plastic Products IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/
Solve Plastic Products IPO Allotment Status
Check Solve Plastic Products IPO allotment status on Integrated Registry website URL. Click Here
Solve Plastic Products IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Solve Plastic Products Limited
Door No XIII/690/ABC,
Tholicode, Punalur,
Kollam – 691333
Phone: +91 99956 31001
Email: cs@balcopipes.com
Website: www.balcopipes.com
Solve Plastic Products IPO FAQs
1. What are the IPO dates for Solve Plastic Products?
The Solve Plastic Products IPO will open on August 13, 2024, and close on August 16, 2024.
2. What is the price band for the Solve Plastic Products IPO?
The price band for the Solve Plastic Products IPO is set at ₹91 per share.
3. What is the minimum market lot for the Solve Plastic Products IPO?
The minimum market lot is 1,200 shares, which requires an application amount of ₹109,200.
4. How much is Solve Plastic Products planning to raise through this IPO?
Solve Plastic Products aims to raise ₹11.85 crores through this NSE SME IPO.
5. What is the Grey Market Premium (GMP) for the Solve Plastic Products IPO?
As of August 11, 2024, the last recorded GMP for Solve Plastic Products IPO is ₹0.
6. When will the share allotment take place?
The share allotment is expected to take place on August 19, 2024.
7. What is the estimated listing date for Solve Plastic Products?
The IPO is likely to be listed on August 21, 2024.
8. What is the estimated listing price of the Solve Plastic Products IPO?
Based on the current GMP of ₹0, the estimated listing price is ₹91 per share, equal to the cap price.
9. What is the expected gain/loss percentage for this IPO?
The expected gain or loss per share is 0.00%, given the current GMP and price band.
10. What products does Solve Plastic Products manufacture?
Solve Plastic Products specializes in uPVC pipes, rigid PVC electrical conduits, solvent cement, water tanks, garden hoses, and rigid PVC electrical cables, marketed under the brand name “BALCOPIPES.”
11. Where are the manufacturing facilities of Solve Plastic Products located?
The company operates three manufacturing facilities in Kerala and one in Tamil Nadu, all equipped with the latest technology and fully automated processes.
12. What is the main focus of Solve Plastic Products in terms of innovation?
Solve Plastic Products is committed to constant innovation in drinking water piping solutions and electrical conduit fitting technologies to meet the ever-increasing demands of the market.
