Solve Plastic Products IPO is going to open to the public on August 13, 2024 and it will open until August 16, 2024. The share allotment date of the Solve Plastic Products IPO is August 19, 2024 and the listing date is August 21, 2024. This is a fresh-issue, SME book-built initial public offering (IPO), with a total value of ₹11.85 crore for 13 lakh shares. The price band of the Solve Plastic Products Energy IPO is set at Rs. 91 per share, and the lot size is 1200 shares per lot.
Table of Contents
Solve Plastic Products IPO Details
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | Wednesday, August 21, 2024 |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,302,000 shares (aggregating up to ₹11.85 Cr) |
| Fresh Issue | 1,302,000 shares (aggregating up to ₹11.85 Cr) |
| Offer for Sale | No Offer |
| Overall Subscription | 34.21x |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,066,250 |
| Share holding post issue | 4,368,250 |
| Market Maker portion | 66,000 shares |
Solve Plastic Products IPO Dates: Important Dates
| IPO Open Date | Tuesday, August 13, 2024 |
| IPO Close Date | Friday, August 16, 2024 |
| Basis of Allotment | Monday, August 19, 2024 |
| Initiation of Refunds | Tuesday, August 20, 2024 |
| Credit of Shares to Demat | Tuesday, August 20, 2024 |
| Listing Date | Wednesday, August 21, 2024 |
Solve Plastic Products IPO GMP Today
The last updated Grey Market Premium (GMP) for the Solve Plastic Products Limited IPO is ₹28. The following table displays the trend of the Solve Plastic Products IPO GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| August 21, 2024 | ₹91 | ₹28 |
| August 20, 2024 | ₹91 | ₹43 |
| August 19, 2024 | ₹91 | ₹43 |
| August 18, 2024 | ₹91 | ₹40 |
| August 17, 2024 | ₹91 | ₹40 |
| August 16, 2024 | ₹91 | ₹43 |
| August 15, 2024 | ₹91 | ₹52 |
| August 14, 2024 | ₹91 | ₹52 |
| August 13, 2024 | ₹91 | ₹54 |
| August 12, 2024 | ₹91 | ₹54 |
| August 11, 2024 | ₹91 | ₹52 |
| August 10, 2024 | ₹91 | ₹53 |
Solve Plastic Products IPO Lot Size
Solve Plastic’s IPO offers a minimum of 1200 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
Solve Plastic Products IPO Investor Reservations
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Solve Plastic Products IPO Promoter Holdings
| Share Holding Pre Issue | 90.22% |
| Share Holding Post Issue | 49.87% |
Solve Plastic Products Limited Financials
| Particular | FY 2024 | FY 2023 |
| Assets | ₹22.11 crore | ₹18.74 crore |
| Revenue | ₹47.16 crore | ₹62.25 crore |
| Profit After Tax (PAT) | ₹1.42 crore | ₹1.20 crore |
| Net Worth | ₹4.39 crore | ₹1.92 crore |
| Total Surplus | ₹1.32 crore | ₹-1.11 crore |
| Total Debt | ₹11.36 crore | ₹10.53 crore |
Key Performance Indicator
.
KPI as of FY2023-2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.23 |
| RoNW | 15.56% |
| P/BV | 6.36 |
| PAT Margin (%) | 9.13 |
Solve Plastic Products Limited Company Overview
Solve Plastic Products Limited, based in Punalur, Kerala, is a manufacturer and supplier of PVC pipes, fittings, electric conduits, solvent cement, and more. They market these products under the brand name BALCOPIPES. The company was founded in 1994, and now it has 3 manufacturing units in Kerala State.
Solve Plastic Products Limited Contact Details
Door No. XIII/690/ABC,
Tholicode, Punalur,
Kollam: PIN Code: 691333
Phone: +91-9995631001
Email: [email protected]
FAQs
1. What is the GMP price of the Solve Plastic Products Limited IPO?
The current GMP price of the Solve Plastic Products IPO is ₹28.
2. On which exchange will the Solve Plastic Products Limited IPO be listed?
Solve Plastic Products IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Solve Plastic Products IPO?
The allotment date of the Solve Plastic Products IPO is August 19, 2024.
4. What are the opening and closing dates of the Solve Plastic Products Limited IPO?
Solve Plastic Products IPO will open on August 13, 2024 & close on August 16, 2024.
5. When is the listing date for the Solve Plastic Products Limited IPO?
Solve Plastic Products IPO’s listing date is August 21, 2024.
Conclusion
Solve Plastic Products Limited, based in Punalur, Kerala, is a manufacturer and supplier of PVC pipes, fittings, electric conduits, solvent cement, and more. They market these products under the brand name “BALCOPIPES.”. Solve Plastic Products Limited experienced a revenue decline of 24.25%, while its profit after tax (PAT) increased by 18.47% between the financial years ending March 31, 2024, and March 31, 2023.
To get more information and regular updates on the Solve Plastic Products Limited IPO, keep in touch with The Invest Advisory.