Ideal Technoplast Industries IPO
#1. Quick Intro to Ideal Technoplast Industries IPO
The initial public offering (IPO) of Ideal Technoplast Industries will open for subscription on August 21 and close on August 23, comprising fresh issues of Rs.16.03 crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on August 28, 2024.
Ideal Technoplast Industries Limited (2023) is a prominent manufacturer and supplier of rigid plastic packaging. The company also export globally (indirectly through export houses and third parties). The company provide industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. Our Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant along with In-House Design & Printing Technology and The company has specialisation in manufacturing square packaging containers, known for their ruggedness, durability and ease of handling heavy items.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Ideal Technoplast Industries
The company intends to use the IPO Funds for the following purposes:
- Funding towards the capital expenditure requirement of the company
- General corporate purposes and issue expenses.
#3. Ideal Technoplast Industries Core Strengths
- In-housing design & Printing technology
- Advance Manufacturing Technologies
- High customer retention
- Diverse product range
- Experienced management team
#4. Ideal Technoplast Industries IPO Review & Rating
| Issue Size | Rs.16.03 crore |
| Issue Price | Rs.121 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Latest) | Rs.326.61 Lakhs |
| ROE (%) | 43.95 |
| RONW (%) | 32.95 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | Two |
#5. Ideal Technoplast Industries IPO Dates, Price Band & Details
Ideal Technoplast Industries IPO will open on August 21, 2024, and close on August 23, 2024. The IPO is to be listed on August 28, 2024.
| Type of issue | Fixed Issue IPO |
| Issue Size | Rs.16.03 crore |
| Price Brand | Rs.121 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| IPO Allotment Date | August 26, 2024 |
| Refund Date | August 27, 2024 |
| Share Credit Date | August 27, 2024 |
| Listing Date | August 28, 2024 |
#6. Ideal Technoplast Industries IPO Offer Details
Ideal Technoplast Industries IPO’s total issue size is 13,25,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 13,25,000 | Rs.16.03 |
| Offer for Sale (OFS) | – | – |
#7. Ideal Technoplast Industries Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Feb 2024 | March 2023 | March 2022 |
| Total Revenue | 2424.11 | 1199.30 | 567.81 |
| Net Worth | 743.07 | 188.60 | 137.98 |
| Profit | 326.61 | 50.62 | 10.53 |
| Total Borrowings | 456.89 | 586.04 | 146.56 |
_Click here for the previous SME IPO_
#8. Ideal Technoplast Industries Quantitative Factors
The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.
| Category | Feb 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 23.29 | 3.63 | 0.75 |
| RoNW (%) | 43.95 | 26.84 | 7.63 |
| NAV (Rs.) | 20.22 | 13.51 | 9.88 |
#9. Ideal Technoplast Industries Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| Mold Tek Packg. | 73130.11 | 14.40 | 168.46 |
| Time Technoplast. | 429319.00 | 9.61 | 102.92 |
#10. Ideal Technoplast Industries Company Promoters
The company has six promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (TOP-2)
| Sr. No. | Name of Promoters |
| 01. | Praful Bhai Krashunbhai Vaghasia |
| 02. | Vaishnavi Prafulbhai Vagasia |
#11. Ideal Technoplast Industries Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 73.50 |
#12. Ideal Technoplast Industries IPO Reservation Details
Ideal Technoplast Industries IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 50% of the Net Offer |
| NII Shares Offered | – |
#13. Ideal Technoplast Industries IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,21,000 |
| Retail (Max.) | 1 | 1000 | 1,21,000 |
| HNI (Min.) | 2 | 2000 | 2,42,000 |
#14. Ideal Technoplast Industries IPO – Prospectus Copy
An investor can download/view the Ideal Technoplast Industries prospectus copy, which the company filed to exchange, details are as follows.
| Ideal Technoplast Industries IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Ideal Technoplast Industries IPO Registrar
Bigshare Services Private Limited
Website: www.bigshareonline.com
#16. Ideal Technoplast Industries IPO Lead Managers
Swastika Investmart Limited
Website: www.swartika.co.in
#17. Ideal Technoplast Industries IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Ideal Technoplast Industries IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Ideal Technoplast Industries Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Ideal Technoplast Industries Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Ideal Technoplast Industries Company Details
Ideal Technoplast Industries Limited
Registered Office: Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Vill. Olpad, Ta.Olpad, Surat, Gujarat, India, 394540
Email: cs@idealtechnoplast.com
Website: www.idealtechnoplast.com
#19. Ideal Technoplast Industries Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Ideal Technoplast Industries Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Praful Bhai Krashunbhai Vaghasia |
| 02. | Vaishnavi Prafulbhai Vagasia |
Ideal Technoplast Industries IPO – Frequently Asked Questions (FAQs)
| #1. What is an Ideal Technoplast Industries IPO?
Ideal Technoplast Industries brings its IPO of 16.03 crore, on August 21, 2024, with a price band of Rs.121 per share. |
| #2. What is the Ideal Technoplast Industries IPO Open date?
Ideal Technoplast Industries IPO’s opening date is August 21, 2024. |
| #3. What is the Ideal Technoplast Industries IPO Close Date?
Ideal Technoplast Industries IPO’s closing date is August 23, 2024. |
| #4. What is the Ideal Technoplast Industries IPO Listing date?
Ideal Technoplast Industries’s IPO listing date is August 28, 2024. |
| #5. What is the Ideal Technoplast Industries IPO Minimum investment amount?
Ideal Technoplast Industries IPO’s minimum investment amount is Rs.1,21,000 |
| #6. What is the Ideal Technoplast Industries IPO offer issue Size?
Ideal Technoplast Industries offers an issue size of Rs. 16.03 crore. |
| #7. What is the Ideal Technoplast Industries IPO Price Band?
Ideal Technoplast Industries’s IPO price band is Rs.121 per share. |
| #8. Is Ideal Technoplast Industries IPO mainboard IPO or SME IPO?
Ideal Technoplast Industries IPO is an SME IPO. |
I keep listening to the news update speak about getting free online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i find some?
Great line up. We will be linking to this great article on our site. Keep up the good writing.
I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye
In the grand pattern of things you’ll get a B+ with regard to hard work. Where you actually lost us was first in the particulars. You know, it is said, details make or break the argument.. And that couldn’t be more correct in this article. Having said that, let me say to you just what exactly did deliver the results. The article (parts of it) is definitely quite convincing which is possibly why I am making the effort in order to comment. I do not really make it a regular habit of doing that. 2nd, whilst I can easily see the leaps in reason you come up with, I am not certain of exactly how you appear to connect your points which make your final result. For the moment I will subscribe to your position but wish in the near future you actually connect the facts better.