The Ideal Technoplast Industries IPO is a fixed-price offering of ₹16.03 crores, consisting entirely of a fresh issue of 13.25 lakh shares.
The subscription period for the Ideal Technoplast Industries IPO runs from August 21, 2024, to August 23, 2024. The allotment of shares is expected to be finalized on Monday, August 26, 2024. The IPO will be listed on the NSE SME, with a tentative listing date set for Wednesday, August 28, 2024.
Each share of the Ideal Technoplast Industries IPO is priced at ₹121. The minimum lot size for applications is 1,000 shares, requiring a minimum investment of ₹121,000 for retail investors. For HNIs, the minimum investment is 2 lots (2,000 shares), totaling ₹242,000.
Below are the details of Ideal Technoplast Industries Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
Track All IPOs opening and closing today on our comprehensive list of IPO Watchlist 2024!
Ideal Technoplast Industries Limited IPO Details
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,675,000 |
| Share holding post issue | 5,000,000 |
| Market Maker portion | 67,000 shares |
Ideal Technoplast Industries Limited IPO Timeline
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Ideal Technoplast Industries Limited IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| HNI (Min) | 2 | 2,000 | ₹242,000 |
Ideal Technoplast Industries Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries Limited IPO Promoter Holdings
Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, Mr. Vipulbhai Dulabhai Mendapara, Mrs. Mitulaben Vipulbhai Mendapara, Mr. Gauravbhai Chhaganbhai Gopani, and Mrs. Ashaben Gauravbhai Gopani are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Ideal Technoplast Industries Limited IPO Financial Information
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,508.51 | 978 | 356.78 | 300.86 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,424.11 | 1,199.79 | 568.13 | 569.47 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 326.61 | 50.62 | 10.53 | 9.82 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 743.07 | 188.6 | 137.98 | 127.45 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 375.57 | 48.95 | -1.67 | -12.19 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 456.89 | 586.04 | 146.56 | 118.62 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Ideal Technoplast Industries Limited IPO Review
Founded in 2012, Ideal Technoplast Industries Limited specializes in manufacturing rigid plastic packaging for both domestic and international markets (indirectly through export companies and third parties).
Ideal Technoplast provides industrial packaging solutions, including round and square containers, twist containers, and bottles, catering to industries such as paints, agriculture, chemicals, cosmetics, adhesives, lubricants, food, and edible oils.
The company boasts advanced manufacturing capabilities, including in-house design and printing technology. Its production facility in Surat spans multiple floors across 20,000 sq. ft. and features state-of-the-art technology, including a fully automated production line.
As of March 31, 2024, the company employs a total of 28 people.