Ideal Technoplast Industries Ltd. was incorporated on August 24, 2012. The company is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets. It provides industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
| Bidding Dates |
|---|
| 21 Aug 2024 - 23 Aug 2024 |
| Subscription |
|---|
| 106.42x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 1.3 M | ₹121 | 73.5 % | ₹160.3 M | RHP DOC |
Ideal Technoplast IPO SUBSCRIPTION STATUS
23 Aug '24Ideal Technoplast IPO overall subscription rate was 106.42 times the total available shares
Ideal Technoplast IPO retail subscription rate was 109.73 times in the retail segment
Ideal Technoplast IPO non-institutional investor subscription rate was 103.1 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Aug 2024 (Day 3) | 109.73x | 103.1x | - |
22 Aug 2024 (Day 2) | 18.11x | 3.38x | - |
21 Aug 2024 (Day 1) | 8.06x | 2.15x | - |
Ideal Technoplast 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 |
| 10MFY24 | 32.7 | 242.4 | 27.4 | -5.3 | 16.4% |
| FY23 | 5.1 | 119.9 | 6.3 | -32.2 | 9.5% |
| FY22 | 1.1 | 56.8 | 7.3 | 0.8 | 5.8% |
| FY21 | 1.0 | 56.9 | 1.4 | -1.4 | 5.5% |
Ideal Technoplast IPO SUBSCRIPTION STATUS DETAILS
Ideal Technoplast had 1.3 M shares on offer
Ideal Technoplast IPO offer price was ₹121
Ideal Technoplast IPO minimum Investment was ₹121000
Ideal Technoplast IPO issue size was ₹ 160.3 M
Ideal Technoplast had a minimum lot size of 1000 Shares per application
Ideal Technoplast NUMBER OF SHARES ON OFFER
Ideal Technoplast IPO IMPORTANT DATES
| Issue Open Date | 21 Aug 2024 |
| Issue close Date | 23 Aug 2024 |
| Allotment Date | 26 Aug 2024 |
| Refund Date | 27 Aug 2024 |
| Demat Account Credit Date | 27 Aug 2024 |
| Listing Date | 28 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Ideal Technoplast Allotment Status | Exchange |
Ideal Technoplast IPO subscription opened on 21 Aug 2024, and closed on 23 Aug 2024
IPO allotment for Ideal Technoplast was finalized on Monday, 26 Aug 2024
IPO listing for Ideal Technoplast was on NSE on Wednesday, 28 Aug 2024
Ideal Technoplast IPO LISTING GAINS
| Issue Price (adjusted) | 121.0 |
| Listing Open Price | 132.1 |
| Listing Close Price | 138.7 |
| Listing Gain% | 9.2% |
| Current Gain% | 50.0% |
Ideal Technoplast 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ideal Technoplast Industries Ltd. | 181.5 | 90.8 | 32.7 | -9.1 | 2.6 | 10.5 | 4.8 | 34.9 | 21.1 | 2.8 | -3.6 | 5.6 | -3.6 |
| 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 |
Ideal Technoplast INFORMATION ON IPO ISSUE
About Ideal Technoplast
Ideal Technoplast Industries Ltd. was incorporated on August 24, 2012. The company is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets. It provides industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
Object of the Issue
- To meet capital expenditure
- General corporate purpose
Ideal Technoplast - PROMOTERS
| Name |
|---|
| Praful Karsanbhai Vaghasiya |
| Vipul Dulabhai Mendapara |
| Gauravbhai Chhaganbhai Gopani |
| Vaishnavi Prafulbhai Vaghasia |
| Mitulaben Vipulbhai Mendapara |
| Ashaben Gauravbhai Gopani |
Ideal Technoplast Lead Manager of the Issue
Swastika Investmart Limited
merchantbanking@swastika.co.in
Ideal Technoplast Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Ideal Technoplast Strengths
In-House Design & Printing
The in-house design and printing technology provides the company with greater control over product customization and branding. This can be a significant advantage in meeting specific customer requirements and building a strong brand identity.
High Customer Retention
The company enjoys repeat business and positive word-of-mouth due to its commitment to delivering excellent service and maintaining product quality. This has resulted in high customer retention rates.
Diverse Product Range
Ideal Technoplast Industries offers a wide range of rigid plastic packaging solutions, including industrial containers for various products such as adhesives, lubricants, and oils. This diversification can contribute to a stable revenue stream.
Ideal Technoplast Risks
Few Suppliers
The company is dependent on a few numbers of suppliers for the purchase of raw materials. The loss of any of these large suppliers may affect its business operations.
Geograohically concentrated
The company is majorly dependent on two states i.e. Haryana and Gujarat to purchase raw materials. In case of uncertainties and adverse developments in these states can affect the business and the company’s ability to procure raw materials and to carry on the business.
IPO FAQs
The promoters of the company are Praful Karsanbhai Vaghasiya, Vipul Dulabhai Mendapara, Gauravbhai Chhaganbhai Gopani, Vaishnavi Prafulbhai Vaghasia, Mitulaben Vipulbhai Mendapara and Ashaben Gauravbhai Gopani.
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 121.0 - 121.0.
The IPO application opens on Aug 21, 2024 and closes on Aug 23, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 121,000.0, the maximum value for this IPO is Rs 121,000.0.
This IPO will be allotted on Aug 26, 2024.
The refund will be credited to your account on Aug 27, 2024.
The allotted shares will be credited to your demat on Aug 27, 2024.
Ideal Technoplast Industries Ltd.’s shares listed on the stock exchanges on Aug 28, 2024.