GM Polyplast IPO Details
GM 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 |
|
GM Polyplast’s financial performance (in INR crore) |
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| Â | Â | FY2018 | FY2019 | FY2020 |
| Revenue | Â | 55.5 | 68.3 | 63.4 |
| Expenses | Â | 54.2 | 66.4 | 60.3 |
| Net income | Â | 0.9 | 1.4 | 2.3 |
| Â | Â | Â | Â | Â |
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:Â +91 22 6263 8200Â Â
Email:Â [email protected]
Website: www.bigshareonline.com
Valuation of GM Polyplast IPO (FY2020)
Earnings Per Share (EPS): INR14.49 Price/Earnings (PE ratio): 10.97Â 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 statusÂ
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)
