Ideal Technoplast Industries IPO Overview: Ideal Technoplast Industries Limited is a Surat-based plastic packaging manufacturer, supplier, and exporter. It manufactures, supplies, and exports food plastic containers and agroplastic buckets in India and across the globe.
Ideal Technoplast Industries Ltd. is going to be open to the public on August 21, 2024 and the closing date of the IPO is August 23, 2024. The share allotment date of the Ideal Technoplast Industries IPO is August 26, 2024 and the listing date is Wednesday, August 28, 2024. This is a fresh-issue and SME book-built initial public offering (IPO), with a total fresh issue size of ₹16.03 crore for 23.25 lakh shares. The price band of the Ideal Technoplast Industries IPO is set at ₹121 per share.
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Ideal Technoplast Industries IPO Details
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the IPO.
| IPO Date | August 21, 2024, to August 23, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Face Value | ₹10 per share |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 1,325,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Overall Subscription | 116.75x |
| Share holding pre issue | 3,675,000 |
| Share holding post issue | 5,000,000 |
| Market Maker portion | 67,000 shares |
Ideal Technoplast Industries Important Dates
Ideal Technoplast Industries IPO’s opening date is Wednesday, August 21, 2024 and the offer will close on Friday, August 23, 2024. IPO’s allotment date is Monday, August 26, 2024 and the listing date is Wednesday, August 28, 2024.
All the important dates regarding the Ideal Technoplast Industries Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
Ideal Technoplast Industries IPO GMP Today
Ideal Technoplast IPO reached overall 116.75 times subscription. Today, the live updated Grey Market Premium (GMP) for the Ideal Technoplast Industries Limited IPO is up to ₹21. The offering price for the Ideal Technoplast Industries IPO is ₹121 per share.
The following table displays the trend of the Ideal Technoplast Industries Limited IPO’s GMP over the past few days.
Idea Technoplast listed at ₹21 premium.
| GMP Date | IPO Price | GMP Price |
| August 27, 2024 | ₹121 | ₹21 |
| August 26, 2024 | ₹121 | ₹43 |
| August 25, 2024 | ₹121 | ₹42 |
| August 24, 2024 | ₹121 | ₹33 |
| August 23, 2024 | ₹121 | ₹34 |
| August 22, 2024 | ₹121 | ₹38 |
| August 21, 2024 | ₹121 | ₹44 |
| August 20, 2024 | ₹121 | ₹44 |
| August 19, 2024 | ₹121 | ₹43 |
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Ideal Technoplast Industries IPO Lot Size
Ideal Technoplast Industries Limited’s IPO offers 1,000 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 and a maximum of 4 lots.
The below table represents the minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,21,000 |
| Retail (Max) | 1 | 1000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
| HNI (max) | 4 | 4,000 | ₹4,84,000 |
Ideal Technoplast Industries IPO Reservastion Quota
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Ideal Technoplast Industries Limited IPO Promoter Holdings
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Ideal Technoplast Industries Limited Financial Reports
PAT (Profit After Tax):
- FY 2022-23: ₹50.62 lakh
- FY 2023-24: ₹3.26 crore
Debt:
- FY 2022-23: ₹5.86 crore
- FY 2023-24: ₹4.57 crore
- Ideal Technoplast Industries Limited reported revenue growth of approximately 102% year-over-year, indicating a significant improvement in the company’s financial performance.
| Particulars | FY2024 | FY2023 |
| Assets | ₹15.08 crore | ₹9.78 crore |
| Revenue | ₹24.24 crore | ₹12 crore |
| Profit After Tax | ₹3.26 crore | ₹50.62 lakhs |
| Net Worth | ₹7.43 crore | ₹1.88 crore |
| Reserves and Surplus | ₹3.76 crore | ₹4.90 crore |
| Total Debts | ₹4.57 crore | ₹5.86 crore |
Key Performance Indicator
KPI of FY 2023-2024:-
- Return on Equity (ROE): 43.95%, – indicates high profitability relative to shareholders’ equity.
- Return on Capital Employed (ROCE): 32.95% – the efficient use of capital in generating profits.
- Return on Net Worth (RoNW): 43.95% reinforces strong profitability and high returns for shareholders.
- Price to Book Value (P/BV): 5.98, which suggests the stock is trading at a premium, possibly due to high growth expectations.
- Profit After Tax (PAT) Margin: 13.47%—shows effective cost management and a healthy portion of revenue retained as profit.
| ROE | 43.95% |
| ROCE | 32.95% |
| RoNW | 43.95% |
| P/BV | ₹5.98 |
| PAT Margin | 13.47% |
Ideal Technoplast Industries Limited Contact Details
Plot No. 1 to 4 and 78 to 81,
Block No. 572 & 572/B Madhav Industrial Estate,
Vill. Olpad, Ta.Olpad, Surat, 394540
Phone: 0261-2769409
Email: [email protected]
FAQs
1. What is the GMP price of the Ideal Technoplast Industries Limited IPO?
The current GMP price of the Ideal Technoplast Industries IPO is ₹41.
2. On which exchange will the Ideal Technoplast IPO be listed?
Ideal Technoplast Industries IPO shares are to be listed on the NSE SME.
3. When is the allotment date for the Ideal Technoplast Industries IPO?
The allotment date of the Ideal Technoplast Industries IPO is Monday, August 26, 2024.
4. What are the opening and closing dates of the Ideal Technoplast Industries Limited IPO?
Ideal Technoplast Industries IPO will open on August 21, 2024 & close on August 23, 2024.
5. When is the listing date for the Ideal Technoplast Industries Limited IPO?
Ideal Technoplast Industries IPO’s listing date is August 28, 2024.
Conclusion
The financial reports of Ideal Technoplast Industries Limited represent 102% revenue growth from ₹12 crore in FY2023 to ₹24.24 crore in FY2024. Debt decreased from ₹5.86 crore in FY 2022–23 to ₹4.57 crore in FY 2023–24. It give a strong signal to investors for Ideal Technoplast Industries IPO subscription.
To get more information and regular updates on the Ideal Technoplast Industriess Limited IPO, keep in touch with The Invest Advisory.