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Technopack Polymers Limited IPO (Technopack Polymers IPO) Detail

November 2, 2022 - November 7, 2022

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.

Technopack Polymers IPO Details

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 Size1,430,000 shares
(aggregating up to ₹7.87 Cr)
Fresh Issue1,430,000 shares
(aggregating up to ₹7.87 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion71,500 shares

Technopack Polymers IPO Reservation

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 Offered71,500 (5.00%)
Other Shares Offered679,250 (47.50%)
Retail Shares Offered679,250 (47.50%)
Total Shares Offered1,430,000 (100%)

Technopack Polymers IPO Timeline (Tentative Schedule)

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

Technopack Polymers IPO Lot Size

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

Technopack Polymers IPO Promoter Holding

Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.51%

About Technopack Polymers Limited

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 :

  • Factory & Manufacturing Process.
  • Storage of Raw material.
  • Slitting and Folding.
  • Counting & Packing.
  • Customers & Marketing Set-Up.
  • Experienced Promoters and a well-trained employee base.

Company Financials

Technopack Polymers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20357.87355.273.897.63-2.37257.36
31-Mar-21585.73615.741.9199.54-0.46328.98
31-Mar-22926.291002.87210.83300.37200.37270.78
31-Jul-221183.82482.193.94779.31382.31160.56
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Technopack Polymers IPO is Rs 29.7 Cr.

Pre IPO Post IPO
P/E (x) 10.54

Objects of the Issue (Technopack Polymers IPO Objectives)

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

Technopack Polymers IPO Review (May apply)

[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...


Technopack Polymers IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other19.82
Retail19.81
Total19.81

Technopack Polymers IPO Prospectus

Technopack Polymers IPO Rating

353
3.8
Rating:Rated 3.8 stars
Vote Here ...

Technopack Polymers IPO Listing Details

Listing Date November 16, 2022
BSE Script Code 543656
NSE Symbol
ISIN INE0MXP01015
Final Issue Price ₹55 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹55.00
₹74.00
₹70.30
₹77.70
₹77.70

Check IPO Performance…

Technopack Polymers Limited Contact Details

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/

Technopack Polymers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Technopack Polymers IPO - Buy or Not

Technopack Polymers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 4 0 0

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Technopack Polymers IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Technopack Polymers 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 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.

The Technopack Polymers IPO listing date is on November 16, 2022.
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Technopack Polymers IPO Message Board

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205 Comments

93. Meetborsadiya |   Link |  Bookmark |December 2, 2022 9:47:27 PM
Any suggestions regarding technopack can i sold or hold? I bought 2 lots @70.70.
93.1. Rahul Katare |   Link |  Bookmark |December 4, 2022 11:37:43 AM
You can see that the stock is in uptrend and company has good Financials.... Then why would you sell? These are the kind of stocks that make you money, don't sell unselss 4 to 5x returns
92. Riyansh |   Link |  Bookmark |December 1, 2022 9:41:11 AM (200+ Posts)
@Chiitorgarh Admin, How to Paste Screenshot?
Thanks For Making best platform for Learning & Earning. Thanks all Experts for sharing your knowledge.
91. Yoga |   Link |  Bookmark |November 25, 2022 12:21:36 PM
Technopack Polymers Limited has ordered SACMI 26/22 Beverages Cap Production Line with capacity of 60000 Cap/Hour frol11 SACMIIMOLA S.c., ITALY. We already transferred 25% advance payment ofEURO 232500.00 to SACMIIMOLA S.c. total invoice amount is EURO 930000.00, Total project cost is around Rs. 108800000.00.
90. Gaurav DD dimer |   Link |  Bookmark |November 23, 2022 8:32:05 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
At LC Today (6th Day)

on 11th day circuit limit change..
So good buying starts from 8-9th day.

Smajhdar ko ishara kafi hai.
90.1. Gaurav DD dimer |   Link |  Bookmark |November 23, 2022 12:26:04 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
LC Opened Again.

Just 1 seller at LC.
89. Amit Jaipur |   Link |  Bookmark |November 21, 2022 8:24:28 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Sold in matching at 87.95. Hope it all reverses back upwards.
89.1. Amit Jaipur |   Link |  Bookmark |November 21, 2022 3:32:23 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Reversed and closed at UC.
88. Arca |   Link |  Bookmark |November 17, 2022 8:27:29 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Healthy life result is good bought 1 lot
88.1. Karups |   Link |  Bookmark |November 19, 2022 9:43:09 AM
@ Gurus, when reetech international result? Any information?
88.2. Arca |   Link |  Bookmark |November 19, 2022 9:55:09 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Reetech Result announced it wasn't good check bse site or screener.
87. Arca |   Link |  Bookmark |November 17, 2022 2:19:44 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Aashka hospitals hit upper circuit and saw huge demand today
86. IPOamar |   Link |  Bookmark |November 16, 2022 5:58:24 PM
AMBO AGRITECH BSE SME IPO

Dt - 21/11/2022 to 24/11/2022
Price - Rs 30/share
Lot size - 4000 shares
Minimum application size - Rs 1,20,000/-
Issue size - Rs 10.20 cr

Retail - 16,16,000 shares (404 lots)
HNI - 16,12,000 shares (403 lots)
Market maker - 1,72,000 shares
85. abc xyz |   Link |  Bookmark |November 16, 2022 12:31:22 PM
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
What a fantastic Debut
Now in upper ckt with all buyer.
The good thing is that most of the people gets the allotment and it have proven the Real Dark 🐴🏇🐎 horse.
84. Gaurav DD dimer |   Link |  Bookmark |November 16, 2022 9:20:38 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
One can buy this.

No much selling expected today or tomorrow
as already 4.3L shares sold out of 14.3L shares.
84.3. Gaurav DD dimer |   Link |  Bookmark |November 16, 2022 11:27:34 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Already told there is no enough sellers.
41% Qty sold already
84.4. Riyansh |   Link |  Bookmark |November 16, 2022 11:32:36 AM (200+ Posts)
At Upper Circuit ₹ 77.70 Now.
83. Riyansh |   Link |  Bookmark |November 16, 2022 11:32:09 AM (200+ Posts)
At Upper Circuit ₹ 77.70 Now.
83.7. Riyansh |   Link |  Bookmark |December 1, 2022 9:38:49 AM (200+ Posts)
@Dinesh Singh. Have u sold or Holding?
I have sold today at ₹123.
@ Amit Jaipur,. Thanks Dear your wishes worked for me. Booked Profit of ₹98000 today🙏
83.8. Amit Jaipur |   Link |  Bookmark |December 2, 2022 4:52:32 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
All the best. Enjoy your profits.
82. lokes |   Link |  Bookmark |November 15, 2022 9:37:36 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
in my view, listing may be around 62 to 65 here....below 60 it may be good buy and above 70, profit may be booked for short term....company looks good from sector and financial perspective, but recently, sme's are not performing so well so be careful before high price buying....
82.3. Takamichi |   Link |  Bookmark |November 16, 2022 10:19:44 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Ya recently the ones with good gmp r listing at lower price and then suffering
And then the ones with not so good gmp r listing at higher price and then suffering
On a wholesome pre-listing buyers r suffering in any case😅😅
82.4. Riyansh |   Link |  Bookmark |November 16, 2022 10:59:11 AM (200+ Posts)
Friends Buy this. Trend is Changed now.
81. chetan ipo |   Link |  Bookmark |November 16, 2022 9:39:33 AM
Good listing without GMP
80. abc xyz |   Link |  Bookmark |November 16, 2022 9:37:52 AM
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
Those who don't believe in GMP
but believe in Numbers ( Financial results)
Gets the fantastic returns.
No one site have given the gmp even a single rupee now trades at good level
79. abc xyz |   Link |  Bookmark |November 16, 2022 9:23:55 AM
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
Sold @ 77.70
Happy & satisfied.
78. Ajitkumar |   Link |  Bookmark |November 16, 2022 8:50:39 AM
Sold @74 in pre open
77. SachinK |   Link |  Bookmark |November 15, 2022 8:21:54 PM
@Mravi sir.
What's your strategy for technopack listing tomorrow, will you purchase more post listing? I haven't been alotted and am looking to buy.. any estimate of good price to buy at?
Thanks
76. chetan ipo |   Link |  Bookmark |November 15, 2022 4:19:37 PM
@admin listing on 16th, updated on BSESME site, plz update
75. Trueinfo |   Link |  Bookmark |November 15, 2022 3:40:32 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listing expected with about 10% gain. Has the potential to go up post listing like cool caps.
74. bAAz |   Link |  Bookmark |November 15, 2022 12:23:21 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
GMP Nil