Chittorgarh.com Logo
Loading...

G M Polyplast Limited IPO (GM Polyplast IPO) Detail

Sep 30, 2020 - Oct 6, 2020

Incorporated in 2003, GM Polyplast is a Mumbai-based manufacturer of high-grade sheets such as PVC sheets, HIPS sheets, HDPE sheets, A.B.S. sheets, and others. The company not just manufactures various types of sheets but also manufactures raw material used to prepare the sheets called granules.

Since establishment, it has added innovative products to its product portfolio and currently it includes Acrylonitrile Butadiene Styrene (ABS) plastic sheets, High Impact Polystyrene (HIPS) sheets, PET sheets, A-PET sheets, R-PET sheets, HDPE sheets, PP sheets, ESD material, etc.

The company has a modernized manufacturing unit in Dadra & Nagar Haveli embedded with advanced equipment and technology to deliver high-quality sheets to clients. In the domestic market, it supplies products across states such as Maharashtra, Gujrat, West Bengal, Tamil Nadu, Puducherry, UP, MP, Delhi, Telangana, Karnataka, Goa, Chhattisgarh, and many others. It also exports its products in the overseas market such as the UAE, Israel, Hong Kong, and Jordan.

Competitive Strength

• Semi-automated manufacturing unit with advanced machines.
• High product quality standard.
• Well-diversified product portfolio.
• Strong distribution and sales network.
• Highly experienced management.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lacs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,482.68 2,537.03 2,533.25
Total Revenue 6,342.98 6,834.50 5,551.24
Profit After Tax 231.80 138.04 92.20

Objects of the Issue

The net proceeds from the IPO will be used towards the following objectives;
• To meet the working capital requirements of the company.
• To meet general corporate purposes.

GM Polyplast IPO Details

IPO Date Sep 30, 2020 to Oct 6, 2020
Listing Date Wednesday, October 14, 2020
Face Value ₹10 per share
Price ₹159 per share
Lot Size 800 Shares
Issue Size508,800 shares of ₹10
(aggregating up to ₹8.09 Cr)
Fresh Issue322,800 shares of ₹10
(aggregating up to ₹5.13 Cr)
Offer for Sale186,000 shares of ₹10
(aggregating up to ₹2.96 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Dinesh Balbirsingh Sharma and Ms. Sarita Dinesh Sharma are the promoters of the company.

GM Polyplast IPO Tentative Timetable

GM Polyplast IPO opens on Sep 30, 2020, and closes on Oct 6, 2020. The GM Polyplast IPO bid date is from Sep 30, 2020 10.00 A.M. to Oct 6, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 30, 2020
Closing Date Oct 6, 2020
Basis of Allotment Oct 9, 2020
Initiation of Refunds Oct 13, 2020
Credit of Shares to Demat Oct 13, 2020
Listing Date Oct 14, 2020

GM Polyplast IPO Lot Size

The GM Polyplast IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹127,200).

Application Lots Shares Amount
Retail (Min) 1 800 ₹127,200
Retail (Max) 1 800 ₹127,200

GM Polyplast IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.65%

GM Polyplast IPO Review

GMPL has posted steady growth in bottom lines. Issue appears reasonably priced considering P/E and P/BV parameters. Investors may consider investment with a long term perspective. (Subscribe for long term). Read detail review...


GM Polyplast IPO Subscription Status (Bidding Detail)

The GM Polyplast IPO is subscribed 1.60 times on Oct 6, 2020 6:50:01 PM. The public issue subscribed 1.07 times in the retail category, times in the QIB category, and 2.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.13
Retail1.07
Total1.60

GM Polyplast IPO Prospectus

GM Polyplast IPO Rating

79
2.8
Rating:Rated 2.8 stars
Vote Here ...

GM Polyplast IPO Listing Date

Listing Date Wednesday, October 14, 2020
BSE Script Code 543239
NSE Symbol
Listing In MT Group of Securities
ISIN INE0E2801015
IPO Price ₹159 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹159.00
₹160.00
₹153.20
₹168.00
₹167.50

Company Contact Information

G M Polyplast Limited
A-66, New Empire Industrial Estate
Kondivita Road, Andheri East
Mumbai-400059
Phone: 91-022-2820 9552
Email: info@gmpolyplast.com
Website: http://www.gmpolyplast.com/

GM Polyplast IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

GM Polyplast IPO Review

GM Polyplast IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

GM Polyplast IPO FAQs

GM Polyplast IPO is a SME IPO of 508,800 equity shares of the face value of ₹10 aggregating up to ₹8.09 Crores. The issue is priced at ₹159 per share. The minimum order quantity is 800 Shares.

The IPO opens on Sep 30, 2020, and closes on Oct 6, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in GM Polyplast IPO using UPI as a payment gateway. Zerodha customers can apply in GM Polyplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in GM Polyplast IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'GM Polyplast IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The GM Polyplast IPO opens on Sep 30, 2020 and closes on Oct 6, 2020.

GM Polyplast IPO lot size is 800 Shares and the minimum order quantity is .

You can apply in GM Polyplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for GM Polyplast IPO will be done on Oct 9, 2020, and the allotted shares will be credited to your demat account by Oct 13, 2020. Check the GM Polyplast IPO allotment status.

The GM Polyplast IPO listing date is on Wednesday, October 14, 2020.
Open an Instant Account with Zerodha

GM Polyplast IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

20 Comments

15. Splendid |   Link |Oct 14, 2020 11:51:50 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Stellar Listing
14. IPOANALYSIS |   Link |Oct 13, 2020 9:54:58 PM
It was priced well. Company has been growing vertically. Let's see if it can perform as have good turnover and profits.
13. Chem cho |   Link |Oct 8, 2020 2:47:14 PM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
GOOD FOR THOSE WHO HAVE NOT APPLIED
12. Carn Mohan |   Link |Oct 5, 2020 1:15:21 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Mr. Agarwal I think you are new.
Otherwise you don't ask this type questions ????
11. Chem cho |   Link |Oct 4, 2020 12:02:00 PM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
better stay away
10. IPOANALYSIS |   Link |Oct 1, 2020 4:42:41 PM
Business is shady for HPE sheets
Price of 160 rs is very high. Last time Waa solar came at 160 rs is now ruling at 40 rs. Just avoid and save capital
10.1. spars |   Link |Oct 2, 2020 7:03:34 PM
Expecting a tepid listing.

I dislike sme ipo if priced above 60.

Waa solar is good example so is sirca paints...

Looks like clean valuation parameters but price and lot size affects the most ....

I will not apply.
9. Dilip Davda |   Link |Oct 1, 2020 1:28:02 AM
Lead Manager to this issue garbled on many count for the documentation and the regulatory announcements for this IPO. First, it issued an ad for 506000 shares at Rs. 160 with a market lot of 1000 shares (the lot was wrong). Then it revised the ad to correct the lot but then increased the size by mere 2800 shares to make it Rs. 8.09 cr. for the issue of 508800 shares. With a reduction of just Re. 1 in the issue price, what benefit is being passed on by the lead manager to the new investors, is better known to them only.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

8. MR. KUMAR |   Link |Sep 30, 2020 7:20:09 PM
Moral of the story is if any IPO whether SME or MAINLINE . IF IT WILL SUBSCRIBE MORE THAN 20 TIMES THEN THINK ABOUT APPLY. OTHERWISE LEAVE IT FOR COMPANY AGENT . THEY WILL APPLY.
8.1. traderji |   Link |Sep 30, 2020 8:55:52 PM
Right
All company agents apply and give their application id then I will also apply.
7. MR. KUMAR |   Link |Sep 30, 2020 7:17:30 PM
Mr.AGGRAWAL

1. ANI INTEGRATED SERVICE - 100 TIMES
2. ICE MAKE REFRIGERATION - 72 TIMES
3. PULZ ELECTRONICS
4.DP ABHUSAN
5. E2E NETWORK
6. MAHICKRA
7. SHARE INDIA
8. RANJEET MECHTRONICS
ETC

THESE ARE THE SOME EXAMPLE OF SME IPO WHICH SUBSCRIBED MORE THAN 50 TIMES AND ALL GAVE MINIMUM 20% OF LISTING GAINS AND MANY MORE. JUST CHECK IT AND IMPROVE YOUR KNOWLEDGE
7.1. AJAY MOOTHA |   Link |Oct 23, 2020 12:48:56 AM
kumar bhai your observation is super. from where to read detail about sme ipo company as iam beginner in this .thanks in advance
6. IPOANALYSIS |   Link |Sep 28, 2020 11:07:13 PM
Why company agents coming for promotion here.
5. Aniketiaf |   Link |Sep 27, 2020 9:11:28 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Again a fundamentally good company at very reasonable price.
But
I will not apply.
5.1. Adityaa.s |   Link |Sep 28, 2020 6:43:36 PM
Why not! It has shown a good progress over the years and it’s going to benefit in long term!
4. Carn Mohan |   Link |Sep 27, 2020 4:30:45 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
I only subscribe if subscribed more than 50 times.
4.1. MR AGARWAL |   Link |Sep 28, 2020 1:29:23 PM
Sir , Wanted to know If SME IPOs in the past have subscribed more than 50 times . If yes than can you pls tell the some SME IPOs which were subscribed more than 50 times .
3. MR. KUMAR |   Link |Sep 26, 2020 11:45:18 PM
If it is Subscribe more than 20 times then I will apply.
2. Jasvinder Singh |   Link |Sep 25, 2020 2:22:19 PM
Where are the experts?
Please give reviews on this IPO
Everyone welcome
1. AnupAG |   Link |Sep 24, 2020 2:24:15 PM
Guys save your capital take proper decision, i have not applied yet and will not apply.......