GM Polyplast IPO Details

GM Polyplast IPOGM Polyplast IPO description – GM Polyplast is engaged in the business of manufacturing of High Impact Polystyrene (HIPS), Acrylonitrile Butadiene Styrene (ABS) and Polyethylene Terephthalate (PET) sheets. In addition to sheets, the company also manufactures the raw material used to manufacture the sheets called as granules. The company has been steadily diversifying as well as adding new products to its portfolio, besides adding additional infrastructure for increasing its manufacturing capability for its existing products.

The company also manufactures Amorphous Polyethylene Terephthalate (A-PET) Sheet, Recycled Polyethylene Terephthalate (R-PET) Sheet, HDPE (High Density Polyethylene) Sheets / Rolls, PP (Polypoplyne) Sheets / Rolls, Electrostatic discharge materials (ESD materials). GM Polyplast’s manufacturing plant is in Dadra & Nagar Haveli which is used as the base for domestic and export markets.

Promoters of GM Polyplast – Mr Dinesh Balbirsingh Sharma and Ms Sarita Dinesh Sharma
GM Polyplast IPO details
Subscription Dates 30 September – 6 October 2020
Price Band INR159 per share
Fresh issue 322,800 shares (INR5.13 crore)
Offer For Sale 186,000 shares (INR2.96 crore)
Total IPO size 508,800 shares (INR8.09 crore)
Minimum bid (lot size) 800 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
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GM Polyplast’s financial performance (in INR crore)

    FY2018 FY2019 FY2020
Revenue   55.5 68.3 63.4
Expenses   54.2 66.4 60.3
Net income   0.9 1.4 2.3
         

Registrar of GM Polyplast IPO

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200  
Email: [email protected]
Website: www.bigshareonline.com

Valuation of GM Polyplast IPO (FY2020)

Earnings Per Share (EPS): INR14.49 Price/Earnings (PE ratio): 10.97  Return on Net Worth (RONW): 17.56% Net Asset Value (NAV): INR49.64 per share

GM Polyplast IPO Subscription Details

Day Subscription (no. of times)
Day 1 0.06
Day 2

0.17

Day 3 0.94
Day 4 1.60

GM Polyplast Contact Details

GM Polyplast Limited
A-66, New Empire Industrial Estate, Kondivita Road, Andheri East,
Mumbai- 400059
Phone: +91 022 2820 9552
Email: [email protected]
Website: www.gmpolyplast.com

GM Polyplast IPO Allotment Status

GM Polyplast IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status 

Listing Performance of GM Polyplast

IPO Opening Date: 30 September 2020
IPO Closing Date: 6 October 2020
Finalisation of Basis of Allotment: 9 October 2020
Initiation of refunds
: 13 October 2020
Transfer of shares to demat accounts
: 13 October 2020
Listing Date
: 14 October 2020
Opening Price on BSE SME: INR160 per share (up 0.63% from IPO price)
Closing Price on BSE SME: INR167.5 per share (up 5.35% from IPO price)

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