Established in 2012, Ideal Technoplast Industries Limited is one of the upcoming IPOs. It is a leading manufacturer of rigid plastic packaging, serving both domestic and international markets through export companies and third parties.
The company provides industrial packaging solutions such as round and square containers, twist containers, and bottles for industries including paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
Ideal Technoplast boasts advanced manufacturing technologies with in-house design and printing capabilities. The Surat facility covers 20,000 sq. ft. and features a fully automated production line. As of March 31, 2024, the company employs 28 people. Read this article to know more about this recently listed IPO, Ideal Technoplast Industries IPO date, and how you can apply IPO online.
The Ideal Technoplast Industries upcoming IPO is a fixed price offering with a total value of Rs 16.03 crores. This IPO includes a fresh issue of 13.25 lakh shares, priced at ₹121 each. It opened for subscription from today, i.e. August 21, 2024, and closes on August 23, 2024. The allotment is anticipated to be finalised on August 26, 2024, with the Ideal Technoplast Industries listing date scheduled on NSE SME on August 28, 2024.
Ideal Technoplast Industries Limited has a strong reputation in the plastic manufacturing industry. Its diverse product portfolio caters to various sectors, reducing reliance on a single industry.
The company's strong R&D capabilities drive innovation and lead to advanced product offerings. Strategically located manufacturing units help lower logistics costs. Additionally, the experienced management team brings extensive industry knowledge, contributing to the company's operational success and efficiency.
For retail investors, the minimum investment is ₹121,000, which corresponds to the Ideal Technoplast IIndustries IPO lot size of 1,000 shares. High-net-worth individuals (HNIs) must apply for a minimum of 2 lots, totalling 2,000 shares, with an investment of ₹242,000.
Swastika Investmart Ltd is the book-running lead manager, Bigshare Services Pvt Ltd serves as the registrar and Sunflower Broking is the market maker for this SME IPO. The market capitalisation of the Ideal Technoplast IPO is ₹60.5 Cr, based on the issue price and the total number of shares.
| Ideal Technoplast Industries IPO open date | Wednesday, August 21, 2024 |
| Ideal Technoplast Industries IPO close date | Friday, August 23, 2024 |
| Ideal Technoplast Industries IPO allotment date | Monday, August 26, 2024 |
| Refund initiation | Tuesday, August 27, 2024 |
| Crediting shares to DEMAT account | Tuesday, August 27, 2024 |
| Ideal Technoplast Industries IPO listing date | Wednesday, August 28, 2024 |
| Maximum Time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Investors can place bids starting from a minimum of 1,000 shares and in multiples of that amount. The table below illustrates the minimum and maximum investments for both retail investors and high-net-worth individuals (HNIs), showing the corresponding number of shares and investment amounts.
| Application | Lots | Total Shares | Amount(in ₹) |
| Retail (Minimum) | 1 | 1000 | 121,000 |
| Retail (Maximum) | 1 | 1000 | 121,000 |
| HNI (Minimum) | 2 | 2,000 | 242,000 |
A company's GMP or grey market price indicates the market sentiment and investor interest before the actual listing takes place. Ideal Technoplast IPO GMP as of August 20 stands at ₹15, and the subscription ratio stands at 1.5X. Overall, the revenue growth and profit margins have increased multifold from FY21 to FY24. Take a look at the company financials in the table given below:
| Period Ended | Feb 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
| Total Assets | 1,508.51 | 978 | 356.78 | 300.86 |
| Total Revenue | 2,424.11 | 1,199.79 | 568.13 | 569.47 |
| Profit After Tax | 326.61 | 50.62 | 10.53 | 9.82 |
| Net Worth | 743.07 | 188.6 | 137.98 | 127.45 |
| Reserves and Surplus | 375.57 | 48.95 | -1.67 | -12.19 |
| Total Borrowing | 456.89 | 586.04 | 146.56 | 118.62 |
*Amount in ₹ Lakhs
The allotment structure for Ideal Technoplast Industries Limited's IPO includes three main categories:
The Ideal Technoplast Industries IPO aims to use ₹13.63 crores to build a new manufacturing unit for small containers used in dairy products and ice cream. This facility will help meet customer demand efficiently.
Additionally, ₹2.40 crores will be allocated for general corporate purposes, including strategic initiatives, brand building, and covering unforeseen expenses. This funding will support the company's overall business growth and operations.
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