Ideal Technoplast Industries IPO: Diving Into the Detail

• Ideal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores.
• This upcoming IPO bidding opens on August 21 and closes on August 23, 2024.
• Ideal Technoplast Industries SME IPO price is set at Rs 121 per share.
• The minimum investment required is Rs 1,21,000.

Ideal Technoplast Industries IPO: Synopsis 

Ideal Technoplast Industries IPO is open for subscription starting Wednesday, August 21, 2024, and closing on Friday, August 23, 2024. This upcoming IPO's price is Rs 121 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. 

The minimum investment required for retail category investors is Rs 1,21,000 (121 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,000 (121 x 2000 shares).

Ideal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores. This upcoming IPO’s fresh issue of 13.25 lakh equity shares.The allotment for this new IPO is expected to be finalised on Monday, August 26, 2024. 

Ideal Technoplast Industries IPO will be listed on NSE SME on Wednesday, August 28, 2024. Swastika Investment Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Sunflower Broking is the market maker for this IPO.

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Ideal Technoplast Industries IPO: About the Company

Ideal Technoplast Industries Limited, established in 2012, is a plastic packaging manufacturer offering its products to both domestic and international markets. Ideal Technoplast offers industrial packaging solutions, including round and square containers, twist containers and bottles for industries such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. 

The company has advanced manufacturing technologies, including in-house design and printing technology. The production facility in Surat spans several floors over an area of 20,000 square feet. The company has a total team of 28 employees. 

Ideal Technoplast Industries IPO: Objectives

The funds received from this IPO will be allocated to meet the capital expenditure requirements. The remaining will be used to fulfill general corporate purposes.

Ideal Technoplast Industries IPO: Other Important Details

Time-Table of Ideal Technoplast Industries IPO

Ideal Technoplast Industries IPO: Financial Metrics (Amt in Rs Lakhs)

Ideal Technoplast Industries posted revenue of Rs 910.91 lakhs and net profit of Rs 135.40 lakhs for the period ending on 31 Mar 2024. Earlier, in the period ending on 31 Mar 2023, the company reported a revenue of 1,199.79 lakhs and net profit of Rs 50.62 lakhs.

Minimum Investment: Lot Size Details 

Promoters of Ideal Technoplast Industries Limited and Their Holdings

The promoters of Ideal Technoplast Industries are Prafulbhai Karshanbhai Vaghasia, Vaishnavi Prafulbhai Vaghasiya, Vipulbhai Dulabhai Mendapara, Mitulaben Vipulbhai Mendapara, Gauravbhai Chhaganbhai Gopani and Ashaben Gauravbhai Gopani. 

The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline to 73.50%.

Ideal Technoplast Industries: Strength of Company

1. Ideal Technoplast Industries offers industrial packaging solutions, including round and square containers, twist containers and bottles.

2. The company has advanced manufacturing technologies, including in-house design and printing technology. 

3. Ideal Technoplast Industries profit margin remains high 13.47%.

FAQs

1. What are the details of the Ideal Technoplast Industries IPO?

Ideal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores. This upcoming IPO’s fresh issue of 13.25 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, August 26, 2024. 

2. Who are the lead managers for the Ideal Technoplast Industries IPO?

Swastika Investment Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Limited is the registrar for Ideal Technoplast Industries Limited, handling the IPO's administrative aspects.

4. How can I apply for the Ideal Technoplast Industries IPO?

The public subscription of this new IPO will open on August 21, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

Ideal Technoplast Industries IPO is a fixed price issue of Rs 16.03 crores. This upcoming IPO’s fresh issue of 13.25 lakh equity shares.The allotment for this new IPO is expected to be finalised on Monday, August 26, 2024. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Ideal Technoplast Industries Limited IPO by visiting here. For further updates follow Bigul. 

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