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Technopack Polymers IPO is a fixed price issue of Rs 7.87 crores. The issue is entirely a fresh issue of 14.3 lakh shares.
Technopack Polymers IPO bidding started from November 2, 2022 and ended on November 7, 2022. The allotment for Technopack Polymers IPO was finalized on Friday, November 11, 2022. The shares got listed on BSE SME on November 16, 2022.
Technopack Polymers IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Technopack Polymers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Technopack Polymers IPO RHP for detailed information.
IPO Date | November 2, 2022 to November 7, 2022 |
Listing Date | November 16, 2022 |
Face Value | ₹10 per share |
Price | ₹55 per share |
Lot Size | 2000 Shares |
Total Issue Size | 1,430,000 shares (aggregating up to ₹7.87 Cr) |
Fresh Issue | 1,430,000 shares (aggregating up to ₹7.87 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Market Maker portion | 71,500 shares |
Technopack Polymers IPO offers 1,430,000 shares. 679,250 (47.50%) to NII, 679,250 (47.50%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 71,500 (5.00%) |
Other Shares Offered | 679,250 (47.50%) |
Retail Shares Offered | 679,250 (47.50%) |
Total Shares Offered | 1,430,000 (100%) |
Technopack Polymers IPO opens on November 2, 2022, and closes on November 7, 2022.
IPO Open Date | Wednesday, November 2, 2022 |
IPO Close Date | Monday, November 7, 2022 |
Basis of Allotment | Friday, November 11, 2022 |
Initiation of Refunds | Monday, November 14, 2022 |
Credit of Shares to Demat | Tuesday, November 15, 2022 |
Listing Date | Wednesday, November 16, 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2022 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹110,000 |
Retail (Max) | 1 | 2000 | ₹110,000 |
HNI (Min) | 2 | 4,000 | ₹220,000 |
Lot Size Calculator |
Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters.
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 73.51% |
Incorporated in 2018, Technopack Polymers Limited manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the "TECHNOPET" brand name. The Company also manufactures high-quality CCM CAP.
Technopack Polymers Limited's product portfolio includes PET Polyethylene Terephthalate (PET Preforms are used by customer companies for the packaged drinking water industry, Carbonated Soft Drinks etc.), and Cap-Closure is made by HDPE plastic granules.
The Company has fully automatic machines for the manufacture of PET Preform & Cap Closure at Rajkot, Gujarat.
Strengths :
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-20 | 357.87 | 355.27 | 3.8 | 97.63 | -2.37 | 257.36 |
31-Mar-21 | 585.73 | 615.74 | 1.91 | 99.54 | -0.46 | 328.98 |
31-Mar-22 | 926.29 | 1002.87 | 210.83 | 300.37 | 200.37 | 270.78 |
31-Jul-22 | 1183.82 | 482.1 | 93.94 | 779.31 | 382.31 | 160.56 |
Amount in ₹ Lakhs |
The market capitalization of Technopack Polymers IPO is Rs 29.7 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 10.54 |
The Objects of the Net Issue is to raise funds for:
(a) Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures.
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
[Dilip Davda] The company is in the business of Pet Preforms and CCM Caps which is a highly competitive and fragmented segment. The sustainability of margins reported raises concern. Based on its recent financial performance, the issue is lucratively priced. Small equity post IPO indicates longer gestation for migration to the mainboard. Cash surplus/risk seekers may consider parking funds for the medium to long term. Read detail review...
The Technopack Polymers IPO is subscribed 19.81 times on November 7, 2022 6:58:00 PM. The public issue subscribed 19.81 times in the retail category, times in the QIB category, and 19.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 19.82 |
Retail | 19.81 |
Total | 19.81 |
Listing Date | November 16, 2022 |
BSE Script Code | 543656 |
NSE Symbol | |
ISIN | INE0MXP01015 |
Final Issue Price | ₹55 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹55.00 |
₹74.00 |
₹70.30 |
₹77.70 |
₹77.70 |
Technopack Polymers Limited
M/s Gokul Industries Rafaleshvar Industrial Estate
Nr. Rafaleshvar Rlw. Track, Morbi,
Jambudiya, Dist. Rajkot Gujarat – 363642
Phone: +91 9099070066
Email: compliance@technopackltd.com
Website: https://technopackltd.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Technopack Polymers IPO is a SME IPO of 1,430,000 equity shares of the face value of ₹10 aggregating up to ₹7.87 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on November 2, 2022, and closes on November 7, 2022.
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 Technopack Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Technopack Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technopack Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technopack Polymers IPO opens on November 2, 2022 and closes on November 7, 2022.
Technopack Polymers IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Technopack Polymers 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 Technopack Polymers IPO will be done on Friday, November 11, 2022, and the allotted shares will be credited to your demat account by Tuesday, November 15, 2022. Check the Technopack Polymers IPO allotment status.
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