Technopack Polymers was incorporated on August 9, 2018. The company manufactures high-quality PET preform on 48 cavity state-of-art, world-class milacron machines and ACME Mould with “TECHNOPET” brand name.
| Bidding Dates |
|---|
| 02 Nov 2022 - 07 Nov 2022 |
| Subscription |
|---|
| 19.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 2000 | 1.4 M | ₹55 | 73.52 % | ₹78.7 M | RHP DOC |
Technopack Polymers IPO SUBSCRIPTION STATUS
07 Nov '22Technopack Polymers IPO overall subscription rate was 19.79 times the total available shares
Technopack Polymers IPO retail subscription rate was 19.77 times in the retail segment
Technopack Polymers IPO non-institutional investor subscription rate was 19.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Nov 2022 (Day 4) | 19.77x | 19.82x | - |
04 Nov 2022 (Day 3) | 4.81x | 1.78x | - |
03 Nov 2022 (Day 2) | 2.61x | 1.09x | - |
02 Nov 2022 (Day 1) | 0.83x | 0.48x | - |
Technopack Polymers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY23 | 9.4 | 48.2 | -8.5 | -8.5 | 31.1% |
| FY22 | 21.1 | 99.8 | 7.2 | 5.0 | 37.9% |
| FY21 | 0.2 | 57.8 | 5.4 | -13.6 | 16.5% |
| FY20 | 0.4 | 32.0 | 0.5 | -2.6 | 20.1% |
Technopack Polymers IPO SUBSCRIPTION STATUS DETAILS
Technopack Polymers had 1.4 M shares on offer
Technopack Polymers IPO offer price was ₹55
Technopack Polymers IPO minimum Investment was ₹110000
Technopack Polymers IPO issue size was ₹ 78.7 M
Technopack Polymers had a minimum lot size of 2000 Shares per application
Technopack Polymers NUMBER OF SHARES ON OFFER
Technopack Polymers IPO IMPORTANT DATES
| Issue Open Date | 02 Nov 2022 |
| Issue close Date | 07 Nov 2022 |
| Allotment Date | 11 Nov 2022 |
| Refund Date | 14 Nov 2022 |
| Demat Account Credit Date | 15 Nov 2022 |
| Listing Date | 16 Nov 2022 |
| Listing on Exchange(s) | BSE |
| Technopack Polymers Allotment Status | Exchange |
Technopack Polymers IPO subscription opened on 02 Nov 2022, and closed on 07 Nov 2022
IPO allotment for Technopack Polymers was finalized on Friday, 11 Nov 2022
IPO listing for Technopack Polymers was on BSE on Wednesday, 16 Nov 2022
Technopack Polymers IPO LISTING GAINS
| Issue Price (adjusted) | 27.5 |
| Listing Open Price | 74.0 |
| Listing Close Price | 77.7 |
| Listing Gain% | 34.5% |
| Current Gain% | -56.2% |
Technopack Polymers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Technopack Polymers Ltd. | 12 | 6.5 | 10.8 | -0.2 | 0.8 | 5.7 | 4.9 | 8.5 | -51.1 | 1.2 | -29.6 | 1.1 | -64.8 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Technopack Polymers INFORMATION ON IPO ISSUE
About Technopack Polymers
Technopack Polymers was incorporated on August 9, 2018. The company manufactures high-quality PET preform on 48 cavity state-of-art, world-class milacron machines and ACME Mould with “TECHNOPET” brand name.
Object of the Issue
- Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE beverages closures
- Additional working capital requirement
- General corporate purpose
Technopack Polymers - PROMOTERS
| Name |
|---|
| Kalpeshkumar Ishwarlal Pandya |
| Chetankumar Ishvarlal Pandya |
Technopack Polymers Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Technopack Polymers Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Technopack Polymers Strengths
Factory and manufacturing process
The company has fully automatic machines for the manufacture of PET preform and cap closure
Experienced promoters and a well-trained employee base
The Promoters and Directors have significant industry experience and have been instrumental in the consistent growth of the group. They are ably supported by staff and other co-directors.
Awards
The company has been awarded for compliance with the requirements of the standard ISO 9001: 2015 for Quality Management System after due Audit by ICV Assessments Private Limited, an accredited entity from EGAC
Technopack Polymers Risks
Legal proceedings
The company is a party to certain legal proceedings under Civil Laws and Negotiable Instruments Act and any adverse decision in such proceedings may have an effect on business, results of operations and financial condition
Concerns over Plastic Ban
The company uses polyethylene terephthalate and high-density polyethylene for producing ‘Bottle Caps’ as Raw Materials and restriction on the use of recyclable PET and HDPE products for packing may adversely affect the business
Credit facilities
The company's lenders have charge over its movable assets in respect of finance availed by it.
IPO FAQs
Technopack Polymers Ltd. IPO listing opened at Rs 74.00 while the issue price was Rs 55.00 giving 34.55% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 27.50 giving -56.18% gains since its IPO listing.
The promoters of the company are Kalpeshkumar Ishwarlal Pandya and Chetankumar Ishvarlal Pandya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 55.0 - 55.0.
The IPO application opens on Nov 02, 2022 and closes on Nov 07, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Nov 11, 2022.
The refund will be credited to your account on Nov 14, 2022.
The allotted shares will be credited to your demat on Nov 15, 2022.
Technopack Polymers Ltd.’s shares listed on the stock exchanges on Nov 16, 2022.