Ideal Technoplast Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Ideal

CMP

95.75

-4.15 (-4.15%)

  • DRHP
₹121

Offer Price

₹ 16.03 Cr

Issue Size

₹ 1,21,000

Min Investment

1,000

Lot size

Time Line

  • 21
    Aug 2024
    Open
  • 23
    Aug 2024
    Close
  • 26
    Aug 2024
    Finalisation of Basis of Allotment
  • 27
    Aug 2024
    Initiation of Refunds
  • 27
    Aug 2024
    Transfer of Shares to Demat Account
  • 28
    Aug 2024
    Listing Date

Objects of the Offer

  • Diversified Industrial Client Portfolio allows continuous production ensures continuous production demand. Prime focus is on food industry that has continuous demand.

  • Product Range with multiple SKU`s (Stock Keeping Units) has lead the company to be one-stop shop solutions for customers leading to higher fulfilment ratio.

  • Latest on the product label printing technology and unique designs providing an edge over competitors.

  • Adoption of ZED (Zero Defect Zero Effect), SA 8000 (Social Accountability 8000), EPR (Extended Producer Responsibility) and other quality certification for brand enhancement and enter MNC clients and exports market.

  • Quick Service due to advanced machinery and robotic automation.

Products & Services

  • Ideal Technoplast Industries Limited provides industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

Strengths

  • Experienced Promoter and Management Team.

  • Diversified Range of rigid plastic packaging solutions.

  • Advanced Manufacturing Technologies.

  • Automated Precision.

  • High Customer Retention.

Risks

  • The company`s business is substantially dependent on its key customers from whom the company derives a significant portion of its revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.

  • The Company is dependent on few States. Loss of any of this large States may affect its business operations.

  • The Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect its business operations.

  • The Company are majorly dependent on two states i.e. Haryana and Gujarat for purchase of raw material. In case of uncertainties and adverse developments in these states can affect the business of the company`s ability to procure raw materials and to carry on the business.

  • The company will continue to be controlled by its Promoters and certain related entities after the completion of the Issue.

Company Promoters

Promoters Holding

Issue For IPO
26.50%
Pre Holding

100.00%

Post Holding

73.50%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Feb-2024 3-Yr trend
Revenue 5.68 (-0.20%) 11.99 (111.10%) 9.11 (-24.00%)
Gross Profit 0.17 (0.00%) 0.74 (335.30%) 1.60 (116.20%)
Net Income 0.11 (10.00%) 0.51 (363.60%) 1.35 (164.70%)
Assets 2.85 (15.90%) 7.75 (171.90%) 12.00 (54.80%)
Liabilities 1.47 (24.60%) 5.86 (298.60%) 4.56 (-22.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Mold-Tek Packaging Ltd 698.65 66.59 819.82 819.82 11.20 20.07 178.86 8.12 0.21
Time Technoplast Ltd 4,992.50 310.44 4,113.99 4,113.99 12.16 13.67 115.31 7.54 0.29
TPL Plastech Ltd 312.91 19.85 231.81 231.81 15.22 2.54 16.71 8.56 0.19

Book Running Managers

  • Swastika Investmenrt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Plot#.1-4 & 78-81 Block #572 &,
-572/B Madhav Ind.Este.V Olpad,
Surat - 394540
Phone : 0261 2769 409 Email : cs@idealtechnoplast.com www.idealtechnoplast.in

Offer Related Information

Initial public issue of 13,25,000 equity shares of face value of Rs. 10/- each of Ideal Technoplast Industries Limited ("Ideal" or the "Company" or the "Issuer") for cash at a price of Rs. 121/- per equity share including a share premium of Rs. 111/- per equity share (the "Issue Price") aggregating to Rs. 16.03 crores ("The Issue"), of which 67,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 121/- per equity share including a share premium of Rs. 111/- per equity... More

Ideal FAQ's

The shares of Ideal were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Ideal IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Ideal public issue was 125 shares.

The price band of the IPO of Ideal was Rs. 114 to Rs. 120 per equity share.

Ideal IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Ideal IPO.

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