Ideal Technoplast IPO description – Ideal Technoplast Industries is a leading manufacturer and supplier of rigid plastic packaging. The company also exports globally through export houses and third parties. It provides industrial packaging solutions for various sectors, including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
The company offers various rigid plastic packaging solutions using advanced manufacturing technologies and in-house design and printing capabilities. Specializing in the production of square packaging containers, known for their ruggedness, durability, and ease of handling heavy items, the company has positioned itself as a trusted and recognized player in the market.
Its facility in Surat spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. The company utilizes In-Mould Labelling (IML) via robotic automation, leading to industry-leading output capacity. Specialized units include production, R&D, quality control, and automated screen printing. As of 31 March 2024, the company employed 28 people.
Promoters of Ideal Technoplast Industries – Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, Mr. Vipulbhai Dulabhai Mendapara, Mrs. Mitulaben Vipulbhai Mendapara, Mr. Gauravbhai Chhaganbhai Gopani, Mrs. Ashaben Gauravbhai Gopani
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Ideal Technoplast Industries IPO Details
| Ideal Technoplast IPO Dates | 21 – 23 August 2024 |
| Ideal Technoplast Issue Price | INR 121 per share |
| Fresh issue | 13,25,000 shares (INR 16.03 crore) |
| Offer For Sale | NIL |
| Total IPO size | 13,25,000 shares (INR 16.03 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,21,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Ideal Technoplast Financial Performance
|  | FY 2021 | FY 2022 | FY 2023 | 1 Apr – 22 Nov 2023 | 23 Nov 2023 – 29 Feb 2024 |
| Revenue | 5.69 | 5.68 | 11.99 | 15.13 | 9.11 |
| Expenses | 5.59 | 5.59 | 11.48 | 13.38 | 7.64 |
| Net income | 0.10 | 0.11 | 0.51 | 1.91 | 1.35 |
Ideal Technoplast Offer News
- Ideal Technoplast RHP
- Ideal Technoplast Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Ideal Technoplast Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.70 | 0.75 | 3.63 |
| PE ratio | – | – | 33.33 |
| RONW (%) | 7.70 | 7.63 | 26.84 |
| NAV | 9.13 | 9.88 | 13.51 |
| ROCE (%) | 10.20 | 9.05 | 12.09 |
| EBITDA (%) | 5.52 | 5.75 | 9.51 |
| Debt/Equity | 1.36 | 1.58 | 4.07 |
Ideal Technoplast IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 August 2024 | 18 | – | 15,000 |
| 26 August 2024 | 18 | – | 15,000 |
| 24 August 2024 | 18 | – | 15,000 |
| 23 August 2024 | 18 | – | 15,000 |
| 22 August 2024 | 20 | – | 18,500 |
| 21 August 2024 | 18 | – | 17,500 |
Ideal Technoplast IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 6,27,000 | 6,31,000 | 12,58,000 |
| 23 Aug 2024 | 108.94 | 115.20 | 112.08 |
| 22 Aug 2024 | 3.57 | 19.01 | 11.31 |
| 21 Aug 2024 | 2.27 | 8.46 | 5.37 |
The market maker reservation portion of 67,000 shares is not included in the above calculations.
Ideal Technoplast IPO Dates & Listing Performance
| IPO Opening Date | 21 August 2024 |
| IPO Closing Date | 23 August 2024 |
| Finalization of Basis of Allotment | 26 August 2024 |
| Initiation of refunds | 27 August 2024 |
| Transfer of shares to demat accounts | 27 August 2024 |
| IPO Listing Date | 28 August 2024 |
| Opening Price on NSE SME | INR 132 per share (up 9.17%) |
| Closing Price on NSE SME | INR 138.7 per share (up 14.63%) |
Ideal Technoplast Offer Lead Manager
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email:Â [email protected]
Website:Â www.swastika.co.in
Ideal Technoplast Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Ideal Technoplast Issue Contact Details
IDEAL TECHNOPLAST INDUSTRIES LIMITED
Plot No. 1 to 4 and 78 to 81, Block No.572 & 572/B
Madhav Industrial Estate, Vill. Olpad,
Ta. Olpad, Surat, Gujarat, India, 394540
Phone: 0261-2769409
E-mail: [email protected]
Website: www.idealtechnoplast.in
IPO FAQs
What is the Ideal Technoplast offer size?
Ideal Technoplast offer size is INR 16.03 crores.
What is the Ideal Technoplast offer price band?
Ideal Technoplast public offer price is INR 121 per share.
What is the lot size of the Ideal Technoplast IPO?
Ideal Technoplast offer a lot size is 1,000 shares.
What is Ideal Technoplast IPO GMP today?
Ideal Technoplast IPO GMP today is INR 18 per share.
What is the Ideal Technoplast kostak rate today?
Ideal Technoplast kostak rate today is INR NA per application.
What is Ideal Technoplast Subject to the Sauda rate today?
Ideal Technoplast is Subject to the Sauda rate today is INR 15,000 per application.
