Contents
- 1 Solve Plastic Products IPO Details
- 2 Solve Plastic Products IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Solve Plastic Products IPO GMP (Grey Market Premium)
- 6 Solve Plastic Products IPO Subscription Status
- 7 Solve Plastic Products IPO Allotment Status
- 8 Know About Company
- 9 Solve Plastic Products Limited Financial Information
- 10 Solve Plastic Products Limited’s KPI
- 11 Objects of the Issue
- 12 Peer Group
- 13 Solve Plastic Products Limited IPO Registrar
- 14 Solve Plastic Products Limited IPO Lead Manager
- 15 Solve Plastic Products Limited Contact
- 16 Solve Plastic Products Limited IPO Application Form PDF
- 17 Analyses Of Solve Plastic Products Limited IPO
- 18 FAQs For Solve Plastic Products IPO Details
Solve Plastic Products is set to launch its IPO, which is a fixed price offering amounting to ₹11.85 crores. The IPO includes a fresh issuance of 13,02,000 Equity Shares, with no shares available for sale from existing shareholders.
The subscription period for the Solve Plastic Products IPO will commence on August 13, 2024, and conclude on August 16, 2024. Allotment results are anticipated to be finalized on August 19, 2024, with the shares expected to be listed on the NSE SME platform on August 21, 2024.
The issue price is fixed at ₹91 per share. Retail investors must apply for a minimum of 1,200 shares, necessitating an investment of ₹109,200. High Net Worth Individuals (HNIs) are required to apply for at least two lots, totalling 2,400 shares, which amounts to ₹218,400.
Ref. Doc –Solve Plastic Products IPO DRHP
Solve Plastic Products IPO Details
| Open Date | August 13, 2024 |
| Close Date | August 16, 2024 |
| IPO Size | Aggregating ₹11.85 crores through 13.03 lakh shares |
| Fresh Issue | 13,02,000 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹91 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1200 Shares |
| OFS | N.A |
| Share Offered to Retail | 50% |
| Share Offered to QIB | -% |
| Share Offered to HNI | 50% |
Solve Plastic Products IPO Date
- IPO Open Date: August 13, 2024
- IPO Close Date: August 16, 2024
- Allotment: August 19, 2024
- Refunds: August 20, 2024
- Shares Credit to Demat: August 20, 2024
- Listing Date: August 21, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
Promoter Holding
The promoters of the company are Mr. Sudheer Kumar Balakrishnan Nair, Mr. Susil Balakrishnan Nair, and Mr. Balakrishnan Nair. The shareholding of the promoters before the issue is 90.22%.
Solve Plastic Products IPO GMP (Grey Market Premium)
If you want to knowSolve Plastic Products IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Solve Plastic Products IPO Subscription Status
Solve Plastic Products IPO subscription starts on August 13, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Solve Plastic Products IPO Allotment Status
To check the Solve Plastic Products IPO allotment status go to the IPO registrar website ” INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LTD” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Solve Plastic Products Limited has a clear mission and vision that guide its operations and strategic goals.
Mission
- Quality Commitment: To manufacture high-quality plastic products that meet the diverse needs of customers.
- Innovation: To continuously innovate and improve manufacturing processes, ensuring efficiency and sustainability.
- Customer Focus: To build strong relationships with customers by providing exceptional service and support.
- Sustainability: To promote environmental responsibility through sustainable practices in production and resource management.
Vision
- Industry Leadership: To become a leading player in the plastic manufacturing industry, recognized for quality and innovation.
- Global Reach: To expand market presence beyond local boundaries, aiming for international markets.
- Community Impact: To contribute positively to the communities in which the company operates, enhancing social and economic development.
Business Model
- Manufacturing Focus: The company specializes in producing a variety of plastic products, including water pipes, fittings, and PVC pipes.
- Diverse Product Range: Offers products such as conduits, UPVC pipes, hoses, and solvent cement, catering to various industries including construction and electrical.
- Revenue Generation: Revenue is primarily generated from the sale of manufactured products to a broad customer base, including contractors and retailers.
- Quality Assurance: Maintains stringent quality control measures to ensure that all products meet industry standards.
- Customer Engagement: Engages with customers through excellent service, technical support, and timely delivery of products.
This mission, vision, and business model reflect Solve Plastic Products Limited’s commitment to growth, quality, and customer satisfaction.
Solve Plastic Products Limited Financial Information
The financial information for Plastic Products Limited is formatted into a table:
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹1,975.71 Lakhs | ₹1,874.27 Lakhs | ₹1,822.99 Lakhs | ₹2,133.28 Lakhs |
| Revenue | ₹3,492.14 Lakhs | ₹6,225.43 Lakhs | ₹5,577.89 Lakhs | ₹4,237.84 Lakhs |
| Profit After Tax | ₹106.01 Lakhs | ₹120.27 Lakhs | -₹40.71 Lakhs | -₹15.37 Lakhs |
| Net Worth | ₹402.32 Lakhs | ₹192.56 Lakhs | ₹72.29 Lakhs | ₹113.01 Lakhs |
| Total Borrowing | ₹1,067.73 Lakhs | ₹1,053.42 Lakhs | ₹1,030.43 Lakhs | ₹1,271.55 Lakhs |
Note: The figure for Net Worth for 31 Mar 2022 was given as ₹72,29,000. Assuming this is ₹72.29 Lakhs, I’ve formatted it accordingly. If it’s a different value, please adjust accordingly.
Solve Plastic Products Limited’s KPI
Here’s a table summarizing the Financial KPIs of your company:
| Particulars | 31-12-2023 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|
| Total Income (₹ Lakhs) | 3,492.14 | 6,225.43 | 5,577.89 |
| Growth (%) | -43.91% | 11.61% | 31.62% |
| Revenue from Operation (₹ Lakhs) | 3,420.63 | 6,077.17 | 5,506.51 |
| EBITDA (Operating Profit) (₹ Lakhs) | 197.74 | 193.80 | 104.52 |
| EBITDA Margin (%) | 5.78% | 3.19% | 1.90% |
| PAT (₹ Lakhs) | 106.01 | 120.27 | -40.71 |
| PAT Growth (%) | -11.86% | -395.41% | 164.91% |
| PAT Margin (%) | 3.04% | 1.93% | -0.73% |
| EPS (Basic & Diluted) (₹) | 3.47 | 3.96 | -1.34 |
| Total Borrowings (₹ Lakhs) | 1,189.99 | 1,222.02 | 1,230.21 |
| Total Net Worth (TNW) (₹ Lakhs) | 402.32 | 192.56 | 72.29 |
| RONW (%) | 26.35% | 62.46% | -56.31% |
| Debt Equity Ratio | 2.96 | 6.35 | 17.02 |
Objects of the Issue
- 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
Peer Group
- Captain Pipes Limited
- Rungta Irrigation Limited
- Dutron Polymers Limited
- AIK Pipes and Polymers Limited
Solve Plastic Products Limited IPO Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LIMITED
No 30, Ramana Residency, 4th Cross, Sampige Road,
Malleswaram, Bengaluru – 560003, India
Telephone: 080-23460815/816/817/818
Email: smeipol@integratedindia.in
Contact Person: S Giridhar
Website: www.integratedregistry.in
Solve Plastic Products Limited IPO Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
Telephone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar
Website: www.finshoregroup.com
Solve Plastic Products Limited Contact
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 Limited IPO Application Form PDF
To download the Solve Plastic Products Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Analyses Of Solve Plastic Products Limited IPO
The IPO seems to be a decent opportunity for investors looking to participate in the growth of the plastic manufacturing sector. The company has a clear mission, vision, and business model focused on producing high-quality plastic products, innovating manufacturing processes, and engaging with customers.
However, there are a few factors to consider before investing:
- The company’s revenue and profit figures show mixed performance, with revenue growing but profits fluctuating. More consistent financial performance would be ideal.
- The debt-equity ratio is quite high, indicating the company relies heavily on borrowings. Reducing debt should be a priority.
- The IPO is a small issue size of ₹11.85 crores, which may limit liquidity post-listing.
- The company operates in a competitive industry with many players.
Overall, the IPO seems reasonably priced, but investors should carefully evaluate the company’s financials, industry outlook, and growth prospects before making an investment decision. The company’s mission and vision are promising, but more consistent financial performance and lower debt levels would make the investment case stronger.
FAQs For Solve Plastic Products IPO Details
The Solve Plastic Products IPO is a fixed price offering aimed at raising ₹11.85 crores through the issuance of 1.302 million shares.
The IPO will open for subscription on August 13, 2024, and will close on August 16, 2024.
The issue price for the Solve Plastic Products IPO is set at ₹91 per share.
Retail investors must apply for a minimum of 1,200 shares, which requires an investment of ₹109,200.
HNIs must apply for at least two lots, totaling 2,400 shares, which amounts to ₹218,400.
The allotment of shares is expected to be finalized on August 19, 2024.
The shares are expected to be listed on the NSE SME on August 21, 2024.
No, the IPO comprises only a fresh issue of shares with no offer for sale from existing shareholders.
Disclaimer: Investing in IPOs involves significant risks, including potential loss of principal. Past performance is not indicative of future results. Please conduct thorough research and consult with a financial advisor before investing. The information provided is for informational purposes only and does not constitute investment advice.
