IPO

Ideal Technoplast Industries Limited IPO

NSE SME

Listed On: Aug 28, 2024 at ₹ 132.1

₹ 242000 /2000 Shares
*Min Investment

Check Allotment

21 Aug, 2024

Open Date

23 Aug, 2024

Close Date

26 Aug, 2024

Allotment Date

28 Aug, 2024

Listing Date
Ideal Technoplast Industries IPO Issue Details
  • Issue Price ₹121 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 13,25,000 shares(aggregating up to ₹16.03 crore)
  • Fresh Share 13,25,000 shares(aggregating up to ₹16.03 crore)
  • Listing at NSE SME
  • List Price 132.1
  • Listing Date 2024-08-28
  • Lead Manager Swastika Investmart Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11000₹1,21,000
Retail(max)11000₹1,21,000
NII (min) 22000₹2,42,000
Ideal Technoplast Industries IPO Reservation

Ideal Technoplast Industries IPO offers total 1,325,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,629,000 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered67,000 (5.06%)
Retail Shares Offered629,000 (47.47%)
Total Shares Offered1,325,000 (100%)
Ideal Technoplast Industries IPO Documents
DRHP
Ideal Technoplast Industries IPO Details


Ideal Technoplast Industries Limited IPO is an SME IPO, priced at ₹121 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 13,25,000 equity shares, aggregating up to ₹16.03 crores..

The IPO bidding window is open from Aug 21, 2024 to Aug 23, 2024. The allotment is expected to be finalized on Aug 26, 2024, and the tentative listing date is Aug 28, 2024.

The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,21,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,42,000.

Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Ideal Technoplast Industries IPO Subscription Analysis And Details
Retail
115.57x
Total
112.08x
As onQIB / NIIRetailTotal
Shares Offered / Reserved629,000629,0001,258,000
Day 1 21-08-24 06:00 PM
2.29 x8.74 x5.51 x
Day 2 22-08-24 06:00 PM
3.47 x19.52 x11.49 x
Day 3 23-08-24 06:00 PM
108.60 x115.57 x112.08 x
Total No of Applications
72,694
Ideal Technoplast Industries Valuations
EPS Pre IPO ₹1.38/-
EPS Post IPO ₹2.95/-
P/E Pre IPO 87.85
P/E Post IPO 40.96
ROE 43.95
ROCE 32.95
RoNW 43.95
PAT Margin 13.47
Price to Book Value 5.98
Ideal Technoplast Industries Company Financials
In Lakhs
In Lakh
29-Feb-2431-Mar-2331-Mar-22
Assets1,508.51978.00356.78
Revenue2,424.111,199.79568.13
Profit After Tax326.6150.6210.53
Net Worth743.07188.6137.98
Reserves & Surplus375.5748.95-1.67
Total Borrowing456.89586.04146.56
About Ideal Technoplast Industries Company

Ideal Technoplast Industries Limited was established in 2012 and is a rigid plastic packaging manufacturer, offering its products to both the domestic and international markets (indirectly through export companies and third parties).

Ideal Technoplast offers industrial packaging solutions in round and square containers, twist containers and bottles for industries like paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

The company has advanced manufacturing technologies, which include in-house design and printing technology. The production facility is spread over multiple floors in an area of 20,000 sq. ft. and has state-of-the-art technology, including a fully automated line.

As of 31st March, 2024, the company has a total of 28 employees.

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Ideal Technoplast Industries - Promoter(s)

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

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.50%

Ideal Technoplast Industries IPO - Issue Objectives
1

To Meet Capital Expenditure

2

General Corporate Purpose.

Ideal Technoplast Industries IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Ideal Technoplast Industries Limited3.63N/A13.5133.3326.849.31Standalone
Mold-tek Packaging Limited24.4N/A168.4634.4114.4N/AStandalone
Time Technoplast Ltd.9.69N/A102.9228.389.61N/AStandalone
Tpl Plastech Ltd.2.06N/A14.7946.8213.89N/AStandalone

Notes:

  1. Basic & diluted Earnings per share (EPS) is calculated on the weighted average number of shares.
  2. The price-to-earning (P/E) Ratio of Ideal Technoplast Industries Limited is in relation to the offer price of ₹121/- per share.
  3. The price-to-earning (P/E) Ratio of peer companies is based on the closing price of equity shares on NSE on April 25, 2024, divided by the Basic EPS as on March 31, 2023.
  4. The Issue Price of ₹121/- is determined by Ideal Technoplast Industries Limited in consultation with the Lead Manager and is justified based on the above accounting ratios.
Contact Details

Ideal Technoplast Industries

Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Vill. Olpad, Ta.Olpad, Surat - 3945

0261-2769409

cs@idealtechnoplast.com

http://www.idealtechnoplasts.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html