G M Polyplast Ltd. IPO Details

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GM Polyplast is a Mumbai-based manufacturer of high-grade sheets such as PVC sheets, HIPS sheets, HDPE sheets, A.B.S. sheets, and others.

Bidding Dates
30 Sep 2020 - 06 Oct 2020
Subscription
1.6x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,27,20011800508.8 K₹15973.54 %₹80.9 MRHP DOC

G M Polyplast IPO SUBSCRIPTION STATUS

06 Oct '20
Total1.6x
Retail Individual Investor1.07x
HNI (NII) Investors2.13x
Qualified Institutional Buyers-

G M Polyplast IPO overall subscription rate was 1.6 times the total available shares

G M Polyplast IPO retail subscription rate was 1.07 times in the retail segment

G M Polyplast IPO non-institutional investor subscription rate was 2.13 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
02 Oct 2020
(Day 3)
0.06x0.28x-
05 Oct 2020
(Day 4)
0.52x1.36x-
06 Oct 2020
(Day 5)
1.07x2.13x-
30 Sep 2020
(Day 1)
0.02x0.09x-
01 Oct 2020
(Day 2)
0.06x0.28x-

G M Polyplast 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)
FY20 23.2 631.5 29.5 22.7
FY19 13.8 681.2 15.9 6.5
FY18 9.2 554.7 24.4 15.0

G M Polyplast IPO SUBSCRIPTION STATUS DETAILS

G M Polyplast had 508.8 K shares on offer

G M Polyplast IPO offer price was ₹159

G M Polyplast IPO minimum Investment was ₹127200

G M Polyplast IPO issue size was ₹ 80.9 M

G M Polyplast had a minimum lot size of 800 Shares per application

G M Polyplast NUMBER OF SHARES ON OFFER

Total508.8 K
Fresh Issue322.8 K
Offer for Sale186.0 K
Post Issue Promoter Holding %73.54 %

G M Polyplast IPO IMPORTANT DATES

Issue Open Date30 Sep 2020
Issue close Date06 Oct 2020
Allotment Date09 Oct 2020
Refund Date13 Oct 2020
Demat Account Credit Date13 Oct 2020
Listing Date14 Oct 2020
Listing on Exchange(s)BSE
G M Polyplast Allotment StatusExchange

G M Polyplast IPO subscription opened on 30 Sep 2020, and closed on 06 Oct 2020

IPO allotment for G M Polyplast was finalized on Friday, 09 Oct 2020

IPO listing for G M Polyplast was on BSE on Wednesday, 14 Oct 2020

G M Polyplast IPO LISTING GAINS

Issue Price (adjusted)22.7
Listing Open Price160.0
Listing Close Price167.5
Listing Gain%0.6%
Current Gain%217.0%

G M Polyplast Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
G M Polyplast Ltd.7213.811.7-0.10.117.413.9103.17.28.3116.1-84.1
Supreme Industries Ltd.344243722.742.42.63.915.512.211262.57.2954-0.781.316
Astral Ltd.144438793.172.329.65.913.29.26615.912.6536.62.4202.4
Shaily Engineering Plastics Ltd.3162.314531.682.21.614.223.714.8998.426.5169.982.538.551.3
Finolex Industries Ltd.164.410202.516.60.32.69.67.94324.8-1.5599-25.19.954.8
Time Technoplast Ltd.204.910113.620.611.611.58.36114.411.9468.720.89.921.3

G M Polyplast INFORMATION ON IPO ISSUE

About G M Polyplast

GM Polyplast is a Mumbai-based manufacturer of high-grade sheets such as PVC sheets, HIPS sheets, HDPE sheets, A.B.S. sheets, and others.

Object of the Issue

  1. To meet the working capital requirements of the company.
  2.  To meet general corporate purposes.

G M Polyplast - PROMOTERS

Name
Dinesh Balbirsingh Sharma
Sarita Dinesh Sharma

G M Polyplast Lead Manager

Gretex Corporate Services Pvt Ltd

info@gretexgroup.com

G M Polyplast Registrar to the Offer

Gretex Corporate Services Pvt Ltd

ipo@bigshareonline.com

G M Polyplast Strengths

Rich management experience

The promoters and management have substantial experience in the plastic industry for approximately two decades.

Strength

Product quality

The company is ISO 9001:2015 certified company

Strength

Semi-automated units

The manufacturing facility at which the company operates is a semi-automated unit and the manufacturing process is managed through automatic machines and experienced manpower

Strength

G M Polyplast Risks

Legal proceedings

There are outstanding legal proceedings involving the company, promoters, and directors

Risk

Contingent liabilities

The company has certain contingent liabilities that have not been provided for in financials which if materialized, could adversely affect financial conditions

Risk

IPO FAQs

  • G M Polyplast Ltd. IPO listing opened at Rs 160.00 while the issue price was Rs 159.00 giving 0.63% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 22.71 giving 217.04% gains since its IPO listing.

  • This IPO consists of an offer for sale of up to Rs 3.0 crore, of 186,000 shares. It also consists of a fresh issue of Rs 5.1 crore.

  • The promoters of the company are Dinesh Balbirsingh Sharma and Sarita Dinesh Sharma.

  • 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 159.0 - 159.0.

  • The IPO application opens on Sep 30, 2020 and closes on Oct 06, 2020.

  • The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.

  • For all category investors, the minimum application amount for this IPO is Rs. 127,200.0, the maximum value for this IPO is Rs 127,200.0.

  • This IPO will be allotted on Oct 09, 2020.

  • The refund will be credited to your account on Oct 13, 2020.

  • The allotted shares will be credited to your demat on Oct 13, 2020.

  • G M Polyplast Ltd.’s shares listed on the stock exchanges on Oct 14, 2020.