Solve Plastic Products IPO
Solve Plastic Products is an NSE SME IPO listed on the NSE SME platform, priced at ₹91 per share. The stock debuted at ₹102, delivering a listing gain of 12.1%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,09,200.
Solve Plastic Products Limited IPO
- IPO Dates
- Aug 13, 2024 – Aug 16, 2024
- Price band
- ₹91 per equity share
- Minimum Investment
- ₹1,09,200
- Issue size
- ₹11.85 Cr
- Lot size
- 1200
- Allotment Date
- Aug 19, 2024
- Listing
- Aug 21, 2024
- Listing At
- NSE SME
IPO timeline
-
Aug 13, 2024
Open Date
Completed
-
Aug 16, 2024
Close Date
Completed
-
Aug 19, 2024
Allotment Date
Completed
-
Aug 21, 2024
Listing Date
Completed
Solve Plastic Products IPO Essentials
Solve Plastic Products IPO Details
Solve Plastic Products IPO is priced at ₹91 per share with a total issue size of 11.85 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹91 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Fresh Issue of 1,302,000 shares (aggregating up to ₹11.85 Cr)
- Total issue size
- 13,02,000 shares
(aggregating up to ₹11.85 crore) - Fresh issue
- 13,02,000 shares
(aggregating up to ₹11.85 crore) - Listing at
- NSE SME
- List price
- 102.0
- Listing date
- Registrar
- Integrated Registry Management Services Private Limited
- Lead manager
-
Finshore Management Services Limited
Market Lot Size
Investors can bid for a minimum of 1200 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,09,200 |
| Retail(max) | 1 | 1200 | ₹1,09,200 |
| NII (min) | 2 | 2,400 | ₹2,18,400 |
Solve Plastic Products IPO Reservation
Solve Plastic Products IPO reservation details show category-wise allocation of shares. Out of the total 1,302,000 shares, approximately 47.47% for retail investors, and 5.07% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 66,000 (5.07%) | |
| Retail Shares Offered | 618,000 (47.47%) | |
| Total Shares Offered | 1,302,000 (100%) |
Solve Plastic Products IPO Analytics
Solve Plastic Products IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Solve Plastic Products IPO Subscription Status
Solve Plastic Products IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹3.92
- EPS Post IPO
- ₹3.24
- P/E Pre IPO
- 23.2
- P/E Post IPO
- 28.12
Returns
- RoNW
- 32.47%
- PAT Margin
- 9.13
Fundamentals
- Debt / Equity
- 2.83
- Price / Book
- 6.36
Solve Plastic Products Financials( In Lakhs)
| 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 |
Solve Plastic Products Company & Offer Insights
About Solve Plastic Products
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)
Mr. Sudheer Kumar Balakrishnan Nair, Mr. Susil Balakrishnan Nair, Mr. Balakrishnan Nair are the company's promoters of Solve Plastic Products.
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
Solve Plastic Products IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Solve Plastic Products Limited | 4.66 | N/A | 14.31 | 19.52 | 32.47 | 6.36 | Standalone |
| Captain Pipes Ltd | 0.27 | N/A | 1.73 | 67.81 | 15.61 | 10.58 | Standalone |
| Rungta Irrigation Ltd | 4.47 | N/A | 43.6 | 22.34 | 6.5 | 2.29 | Standalone |
| Dutron Polymers Ltd. | 4.08 | N/A | 44.05 | 42.97 | 9.26 | 3.98 | Standalone |
| Aik Pipes And Polymers Ltd | 6.69 | N/A | 34.46 | 24.12 | 15.56 | 4.68 | Standalone |
Notes:
- Considering the nature and size of the business of the Company, the peers may not be exactly comparable. Hence, a strict comparison is not possible. However, the above companies have been included for broader comparison.
- The above information is based on a fully completed financial year ended on March 31, 2024, on a Restated basis.
- Source for Peer Companies: Annual Reports (figures as on March 31, 2024).
Contact Information
Contact Details
Solve Plastic Products
+91 99956 31001
Door No XIII/690/ABC, Tholicode, Punalur, Kollam - 691333
Registrar Contact Details
Integrated Registry Management Services Private Limited
044 - 28140801 to 28140803
Frequently Asked Questions
Click any question to reveal the answer
Solve Plastic Products IPO is a Fixed Priced IPO worth ₹11.85 crore. The issue price is ₹91 per share (fixed price). The IPO opens on Aug 13, 2024 and closes on Aug 16, 2024. It will be listed on NSE SME Platform. Integrated Registry Management Services Private Limited is the registrar.
The issue price of Solve Plastic Products IPO is ₹91 per share (fixed price).
The lot size of Solve Plastic Products IPO is 1200 shares.
The minimum investment for Solve Plastic Products IPO is approximately ₹1,09,200 based on the issue price .
Solve Plastic Products IPO opens on Aug 13, 2024 and closes on Aug 16, 2024.
The allotment date of Solve Plastic Products IPO is Aug 19, 2024.
Solve Plastic Products IPO is expected to be listed on Aug 21, 2024, on NSE SME Platform.
Solve Plastic Products IPO valuation snapshot: P/E 28.12, EPS ₹3.24, P/B 6.36, RoNW 32.47%, and market cap N/A.
To apply for Solve Plastic Products IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Solve Plastic Products IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Solve Plastic Products IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Solve Plastic Products IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Solve Plastic Products IPO allotment status on IPO Ji for quick and easy access.