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G M Polyplast Limited IPO (GM Polyplast IPO) Detail

September 30, 2020 - October 6, 2020

GM Polyplast IPO is a fixed price issue of Rs 8.09 crores. The issue is a combination of fresh issue of 3.23 lakh shares aggregating to Rs 5.13 crores and offer for sale of 1.86 lakh shares aggregating to Rs 2.96 crores.

GM Polyplast IPO bidding started from September 30, 2020 and ended on October 6, 2020. The allotment for GM Polyplast IPO was finalized on Friday, October 9, 2020. The shares got listed on BSE SME on October 14, 2020.

GM Polyplast IPO price is ₹159 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹127,200.

Gretex Corporate Services Limited is the book running lead manager of the GM Polyplast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to GM Polyplast IPO RHP for detailed information.

GM Polyplast IPO Details

IPO Date September 30, 2020 to October 6, 2020
Listing Date October 14, 2020
Face Value ₹10 per share
Price ₹159 per share
Lot Size 800 Shares
Total Issue Size508,800 shares
(aggregating up to ₹8.09 Cr)
Fresh Issue322,800 shares
(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
Market Maker portion26,000 shares

GM Polyplast IPO Reservation

GM Polyplast IPO offers 509,200 shares. 241,600 (47.45%) to NII, 241,600 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered26,000 (5.11%)
Other Shares Offered241,600 (47.45%)
Retail Shares Offered241,600 (47.45%)
Total Shares Offered509,200 (100%)

GM Polyplast IPO Timeline (Tentative Schedule)

GM Polyplast IPO opens on September 30, 2020, and closes on October 6, 2020.

IPO Open Date Wednesday, September 30, 2020
IPO Close Date Tuesday, October 6, 2020
Basis of Allotment Friday, October 9, 2020
Initiation of Refunds Tuesday, October 13, 2020
Credit of Shares to Demat Tuesday, October 13, 2020
Listing Date Wednesday, October 14, 2020
Cut-off time for UPI mandate confirmation 5 PM on October 6, 2020

GM Polyplast IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

GM Polyplast IPO Promoter Holding

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

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

About G M Polyplast Limited

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 (GM Polyplast IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 October 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)
Other2.13
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 Details

Listing Date October 14, 2020
BSE Script Code 543239
NSE Symbol
ISIN INE0E2801015
Final Issue Price ₹159 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹159.00
₹160.00
₹153.20
₹168.00
₹167.50

Check IPO Performance…

G M Polyplast Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

GM Polyplast IPO - Buy or Not

GM Polyplast IPO Recommendation Summary

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

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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 September 30, 2020, and closes on October 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 September 30, 2020 and closes on October 6, 2020.

GM Polyplast IPO lot size is 800 Shares, and the minimum amount required is ₹127,200.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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20 Comments

15. Splendid |   Link |  Bookmark |October 14, 2020 11:51:50 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Stellar Listing
14. IPOANALYSIS |   Link |  Bookmark |October 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 |  Bookmark |October 8, 2020 2:47:14 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
GOOD FOR THOSE WHO HAVE NOT APPLIED
12. Carn Mohan |   Link |  Bookmark |October 5, 2020 1:15:21 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Mr. Agarwal I think you are new.
Otherwise you don't ask this type questions ????
11. Chem cho |   Link |  Bookmark |October 4, 2020 12:02:00 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
better stay away
10. IPOANALYSIS |   Link |  Bookmark |October 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 |  Bookmark |October 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 |  Bookmark |October 1, 2020 1:28:02 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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 |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |October 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 |  Bookmark |September 28, 2020 11:07:13 PM
Why company agents coming for promotion here.
5. Aniketiaf |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 27, 2020 4:30:45 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
I only subscribe if subscribed more than 50 times.
4.1. MR AGARWAL |   Link |  Bookmark |September 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 |  Bookmark |September 26, 2020 11:45:18 PM
If it is Subscribe more than 20 times then I will apply.
2. Jasvinder Singh |   Link |  Bookmark |September 25, 2020 2:22:19 PM
Where are the experts?
Please give reviews on this IPO
Everyone welcome
1. AnupAG |   Link |  Bookmark |September 24, 2020 2:24:15 PM
Guys save your capital take proper decision, i have not applied yet and will not apply.......