Last updated on August 22, 2024
Check out Solve Plastic Products IPO GMP, Kostak rates, and Subject to Sauda rates with the latest updates. Solve Plastic Products IPO GMP activity started ahead of the public offer. The latest GMP for Broach Lifecare IPO is INR NA per share, indicating an expected profit of NA on the listing.
Before going ahead, please note that the IPO grey market is an unofficial and unregulated market with much volatility. Therefore, your investment decision should not be completely based on Solve Plastic Products IPO premium movement.
Solve Plastic Products IPO GMP Trend
| Date | IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Solve Plastic Products IPO is scheduled to open on 13 to 16 August 2024. The public offer involves a fresh issue of 13,02,000 shares, priced in the range of INR 91 per share. In total, Solve Plastic Products IPO size is pegged at INR 11.85 crore.
Solve Plastic Products manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) pipes and rigid PVC electrical conduits. The company is committed to constant innovations in drinking water piping solutions and electrical conduit fitting technologies to meet the ever-increasing demands. Solve Plastic Products markets its products under the brand name “BALCOPIPES” through its network of authorized dealers and distributors. As of August 2024, the company has 260 authorized dealers and distributors across three states: Kerala, Karnataka, and Tamil Nadu.
Solve Plastic Products operates three well-equipped manufacturing facilities in Kerala and one in Tamil Nadu. The company plans to enhance the plant capacity of electrical conduits from 2,760 MT (2,760,000 kg) per annum to 4,860 MT (4,860,000 kg) per annum at its existing facility in Unit 4, Tirunelveli, Tamil Nadu. In response to the demand for HDPE pipes, the company also proposes to expand its product portfolio by establishing a manufacturing facility for HDPE pipes with a capacity of 2,160 MT (2,160,000 kg) per annum at its existing manufacturing facility in Unit 2, Kollam, Kerala. The overall project cost for this proposed expansion is estimated at INR 5.53 crore.
The company has a total of 165 employees (excluding the managing directors).
Promoters of Solve Plastic Products – Mr. Sudheer Kumar Balakrishnan Nair, Mr. Susil Balakrishnan Nair, Mr. Balakrishnan Nair, Mr. Govind Vinodkumar, Mr. Aravind Sudheer Kumar, and Mr. Shankar Sudheer Kumar
Table of Contents
Solve Plastic Products IPO Details
| Solve Plastic Products IPO Dates | 13 – 16 August 2024 |
| Solve Plastic Products Issue Price | INR 91 per share |
| Fresh issue | 13,02,000 shares (INR 11.85 crore) |
| Offer For Sale | NIL |
| Total IPO size | 13,02,000 shares (INR 11.85 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,09,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Solve Plastic Products Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 55.07 | 60.77 | 46.19 |
| Expenses | 53.98 | 58.81 | 43.50 |
| Net income | (0.41) | 1.20 | 1.42 |
All Standalone Data
Solve Plastic Products Offer News
- Solve Plastic Products RHP
- Solve Plastic Products Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Solve Plastic Products Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (1.33) | 3.92 | 4.65 |
| PE ratio | – | – | 19.58 |
| RONW (%) | (56.31) | 62.46 | 32.47 |
| NAV | 2.36 | 6.28 | 14.31 |
| ROCE (%) | 19.00 | 47.00 | 35.00 |
| EBITDA (%) | 1.90 | 3.19 | 5.60 |
| Debt/Equity | 17.02 | 6.35 | 2.83 |
Solve Plastic Products IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 6,18,000 | 6,18,000 | 12,36,000 |
| 16 Aug 2024 | 19.58 | 46.76 | 33.17 |
| 14 Aug 2024 | 1.95 | 12.97 | 7.46 |
| 13 Aug 2024 | 0.39 | 3.89 | 2.14 |
The market maker reservation portion of 66,000 shares is not included in the above calculations.
Solve Plastic Products IPO Allotment Status
Solve Plastic Products IPO allotment status will be available on the website of Integrated Registry Management Services. Click on this link to get allotment status.
Solve Plastic Products IPO Dates & Listing Performance
| IPO Opening Date | 13 August 2024 |
| IPO Closing Date | 16 August 2024 |
| Finalization of Basis of Allotment | 19 August 2024 |
| Initiation of refunds | 20 August 2024 |
| Transfer of shares to demat accounts | 20 August 2024 |
| IPO Listing Date | 21 August 2024 |
| Opening Price on NSE SME | INR 102 per share (up 12.09%) |
| Closing Price on NSE SME | INR 107.10 per share (up 17.69%) |
Solve Plastic Products Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Solve Plastic Products Offer Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
No. 30, Ramana Residency, 4th Cross Sampige Road,
Malleswaram, Bengaluru – 560003, India
Phone: +91-80-23460815/816/817/818
Email: [email protected]
Website: www.integratedindia.in
Solve Plastic Products IPO Contact Details
SOLVE PLASTIC PRODUCTS LIMITED
2nd Floor, BALCO Building, XXIX/456,
PowerhouseWard, Tholicode P.O.
Punalur, Kollam, Kerala -691333
Phone: +91 99956 31001
E-mail: [email protected]
Website: www.balcopipnes.com
IPO GMP Dashboard – IPO Discussion
You can check the latest GMP of all current and recently closed IPOs on our IPO GMP Dashboard. Please note that the dashboard includes data for both Mainboard and SME IPOs and is updated regularly. This is helpful to investors looking for expected listing gains of all IPOs in one place.
IPO GMP is the per share premium an IPO commands in the grey market before the listing of shares. In simple terms, this IPO premium indicates the price gray market buyers are willing to pay over and above the allotment price asked by the company. As such, GMP indicates that the offer is likely to list at higher prices and reward successful applicants. On the other hand, an IPO grey market discount indicates that the offer is likely to list at lower rates.
IPO FAQs
What is the Solve Plastic Products offer size?
Solve Plastic Products’ offer size is INR 11.85 crores.
What is the Solve Plastic Products offer price band?
Solve Plastic Product’s public offer price is INR 91 per share.
What is the lot size of the Solve Plastic Products IPO?
Solve Plastic Products offer a lot size is 1,200 shares.
What is Solve Plastic Products IPO GMP today?
Solve Plastic Products IPO GMP today is INR NA per share.
What is the Solve Plastic Products kostak rate today?
Solve Plastic Products kostak rate today is INR NA per application.
What is Solve Plastic Products Subject to Sauda Rate Today?
Solve Plastic Products is Subject to the Sauda rate today is INR NA per application.
What are Solve Plastic Products IPO’s expected listing price and return?
As per the prevailing grey market premium, Solve Plastic Products IPO’s expected listing price is INR per share while the return is likely to be %.
