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 Promoters:

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

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ 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 - Oct 6, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	508,800 Eq Shares of ₹10 (aggregating up to ₹8.09 Cr)
Fresh Issue	322,800 Eq Shares of ₹10 (aggregating up to ₹5.13 Cr)
Offer for Sale	186,000 Eq Shares of ₹10 (aggregating up to ₹2.96 Cr)
Face Value	₹10 per equity share
IPO Price	₹159 per equity share
Market Lot	800 Shares
Min Order Quantity	800 Shares
Listing At	BSE SME

GM Polyplast IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 30, 2020
Bid/Offer Closes On	Oct 6, 2020
Finalisation of Basis of Allotment	Oct 9, 2020
Initiation of Refunds	Oct 13, 2020
Credit of Shares to Demat Acct	Oct 13, 2020
IPO Shares Listing Date	Oct 14, 2020

GM Polyplast IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	800	₹127,200
Maximum	1	800	₹127,200

GM Polyplast IPO Promoter Holding

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

GM Polyplast IPO Subscription Status (Bidding Detail)

GM Polyplast IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	241,600	241,600	483,200
Oct 6, 2020 18:50	2.13x	1.07x	1.60x

GM Polyplast IPO Prospectus

› GM Polyplast IPO DRHP
› GM Polyplast IPO RHP

GM Polyplast IPO Rating

2.8

Rating:

Vote Here ...

GM Polyplast IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹159.00
₹160.00
₹153.20
₹168.00
₹167.50
124,000

GM Polyplast IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

GM Polyplast IPO Lead Manager(s)

Gretex Corporate Services Pvt Ltd

Lead Manager Reports

GM Polyplast IPO FAQs

What is GM Polyplast IPO?

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 equity 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.
How to apply in GM Polyplast IPO through Zerodha?
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.
When GM Polyplast IPO will open?

The GM Polyplast IPO opens on Sep 30, 2020 and closes on Oct 6, 2020.
What is the lot size of GM Polyplast IPO?

GM Polyplast IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.
How to apply for GM Polyplast IPO?

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.
When GM Polyplast IPO allotment?

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.
When is GM Polyplast IPO listing date?

The GM Polyplast IPO listing date is on Wednesday, October 14, 2020.

GM Polyplast IPO Message Board

Ranked Members

15. Splendid

|Oct 14, 2020 10:51 Reply

Top Contributor (200+ Posts)

Stellar Listing

14. IPOANALYSIS

|Oct 13, 2020 20:54 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

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

1 |

|Oct 8, 2020 13:47 Reply

IPO Guru (1900+ Posts, 2000+ Likes)

GOOD FOR THOSE WHO HAVE NOT APPLIED

12. Carn Mohan

|Oct 5, 2020 12:15 Reply

IPO Mentor (700+ Posts, 200+ Likes)

Mr. Agarwal I think you are new.
Otherwise you don't ask this type questions 😊

11. Chem cho

|Oct 4, 2020 11:02 Reply

IPO Guru (1900+ Posts, 2000+ Likes)

better stay away

10. IPOANALYSIS

|Oct 1, 2020 15:42 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

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

|Oct 2, 2020 18:03

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

3 |

|Oct 1, 2020 00:28 Reply

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

1 |

|Sep 30, 2020 18:20 Reply

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

|Sep 30, 2020 19:55

Right
All company agents apply and give their application id then I will also apply.

7. MR. KUMAR

1 |

|Sep 30, 2020 18:17 Reply

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

6. IPOANALYSIS

|Sep 28, 2020 22:07 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

Why company agents coming for promotion here.

5. Aniketiaf

3 |

|Sep 27, 2020 20:11 Reply

IPO Guru (1200+ Posts, 7500+ Likes)

Again a fundamentally good company at very reasonable price.
But
I will not apply.

5.1. Adityaa.s

|Sep 28, 2020 17:43

New Member

Why not! It has shown a good progress over the years and it’s going to benefit in long term!

4. Carn Mohan

|Sep 27, 2020 15:30 Reply

IPO Mentor (700+ Posts, 200+ Likes)

I only subscribe if subscribed more than 50 times.

4.1. MR AGARWAL

|Sep 28, 2020 12:29

New Member

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

|Sep 26, 2020 22:45 Reply

If it is Subscribe more than 20 times then I will apply.

2. Jasvinder Singh

2 |

|Sep 25, 2020 13:22 Reply

Where are the experts?
Please give reviews on this IPO
Everyone welcome

1. AnupAG

|Sep 24, 2020 13:24 Reply

Guys save your capital take proper decision, i have not applied yet and will not apply.......

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