Solve Plastic Products Limited IPO
NSE SMEListed On: Aug 21, 2024 at ₹ 102.0
₹ 109200 /1200 Shares
Check Allotment13 Aug, 2024
Open Date16 Aug, 2024
Close Date19 Aug, 2024
Allotment Date21 Aug, 2024
Listing DateIssue Price
₹91 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Integrated Registry Management Services Private LimitedList Price
102.0Listing Date
2024-08-21Market Lot
1200 Shares (₹109,200/-)Lead Manager
Finshore Management Services LimitedIssue Size
Fresh Issue of 1,302,000 shares (aggregating up to ₹11.85 Cr)Retail Portion
50%Subscription
33.17 timesSolve Plastic Products IPO Details
Solve Plastic Products Limited IPO is an SME IPO, priced at ₹91 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 13,02,000 equity shares, aggregating up to ₹11.85 crores..
The IPO bidding window is open from Aug 13, 2024 to Aug 16, 2024. The allotment is expected to be finalized on Aug 19, 2024, and the tentative listing date is Aug 21, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,09,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,18,400.
Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Integrated Registry Management Services Private Limited, and Black Fox Financial Private Limited will act as the market maker for this issue.
Solve Plastic Products IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 618,000 | 618,000 | 1,236,000 |
| Day 1 - 13-08-24 06:00 PM | 0.42 x | 4.18 x | 2.30 x |
| Day 2 - 14-08-24 06:00 PM | 1.86 x | 13.30 x | 7.58 x |
| Day 3 - 16-08-24 06:00 PM | 19.58 x | 46.76 x | 33.17 x |
Solve Plastic Products Valuations
EPS Pre IPO
₹3.92EPS Post IPO
₹3.24P/E Pre IPO
23.2P/E Post IPO
28.12Debt/Equity
2.83RoNW
32.47%PAT Margin
9.13Price to Book Value
6.36Solve Plastic Products Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,211.53 | 1,874.27 | 1,822.99 |
| Revenue | 4,715.73 | 6,225.43 | 5,577.89 |
| Profit After Tax | 142.48 | 120.27 | -40.71 |
| Net Worth | 438.79 | 192.56 | 72.29 |
| Reserves & Surplus | 132.16 | -110.94 | -231.21 |
| Total Borrowing | 1,136.42 | 1,053.42 | 1,030.43 |
About The Company
Solve Plastic Products Limited was established in 1994. The company manufactures a full range of uPVC pipes (unplasticized polyvinyl chloride) and rigid PVC electrical conduits and sells them under the brand name BALCOPIPES.
The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured have been approved by various authorities including the Bureau of Indian Standards (BIS) and also from organizations like Central Public Works Department (CPWD) Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company is distributing its products mainly in the state of Kerala.
The following are the company's product offerings:
Solvent cement
Water tank
Garden hoses
Rigid PVC electrical cables PVC pipes
The company has 165 employees on its rolls of which are the managing directors excluded.
Solve Plastic Products - Promoter(s)
Pre Issue Share Holding: 90.22%
Post Issue Share Holding: 49.87%
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
Solve Plastic Products IPO - Issue 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
Other Details
Solve Plastic Products
Door No XIII/690/ABC, Tholicode, Punalur, Kollam - 691333Integrated Registry Management Services Private Limited
Phone: 044 - 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
Solve Plastic Products IPO - FAQs
Ans. Solve Plastic Products Limited IPO is a SME IPO. The issue is priced at ₹91 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 13, 2024, and closes on Aug 16, 2024. Integrated Registry Management Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Solve Plastic Products Limited IPO opens on Aug 13, 2024 and closes on Aug 16, 2024.
Ans. The size of Solve Plastic Products Limited IPO is Fresh Issue of 1,302,000 shares (aggregating up to ₹11.85 Cr).
Ans. The IPO price band is set between ₹91 per equity share.
Ans. To apply for Solve Plastic Products Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Solve Plastic Products Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Solve Plastic Products Limited IPO is Aug 19, 2024.
Ans. The Solve Plastic Products Limited IPO will be listed on Aug 21, 2024.
Ans. Follow the steps to check the allotment status for Solve Plastic Products Limited IPO here.
