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All You Need to Know About Solve Plastic Products IPO: Price Band ₹91 per share

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The Solve Plastic Products IPO is set to revolutionise the market with its consistent price band of ₹91 per share. This offers a straightforward investment opportunity in the growing plastic production industry.

Introduction to Solve Plastic Products and Its IPO

Overview of Solve Plastic Products

Solve Plastic Products has established itself as a prominent player in the plastic manufacturing sector, known for its innovative solutions and sustainable practices. The company has consistently expanded its product line to cater to diverse industries, aiming to lead the market with eco-friendly alternatives.

Key Details of the IPO

IPO Date

August 13, 2024 to August 16, 2024

Listing Date

August 21, 2024 

Face Value

₹10 per share

Price Range

₹91 per share

Lot Size

1200 Shares

Total Issue Size

  1,302,000 shares (₹11.85 Cr)

Fresh Issue

  1,302,000 shares (₹11.85 Cr)

Offer for Sale

Not applicable

Issue Type

Fixed Price Issue IPO

Listing On

NSE SME

Pre-IPO Shareholding

3,066,250 shares

Allotment Date

August 19, 2024

Refund Initiation

August 20, 2024

Credit to Demat Accounts

August 20, 2024

UPI Mandate Cut-off

5 PM on August 16, 2024

Retail investors can apply for a minimum of 1200 shares and in multiples of 1200 thereafter.

Understanding the Price Band of ₹91 per shares

How the Price Band is Determined

The price band of ₹91 was strategically chosen based on a detailed valuation of the company’s market position and future growth prospects. This pricing aims to attract investors by offering value and potential for substantial returns.

Significance of the Price Range for Investors

This fixed price range is significant as it simplifies investment decisions, presenting a clear value proposition. It's tailored to attract both small and large investors, fostering broader participation in the company's growth journey.

Timeline and Important Dates for the Solve Plastic Products IPO

IPO Opening and Closing Dates

The initial public offering will open on August 13, 2024 and close on August 16, 2024, providing a limited window for investors to partake. These dates are crucial for those looking to invest early and capitalise on the initial offering.

Listing Date and Allotment Process

Post-IPO, the shares of Solve Plastic Products will be listed on major stock exchanges. The allotment process will be transparent, with an emphasis on fair distribution among all investor categories.

Company Financials and Performance Metrics

Revenue Growth and Profitability

Solve Plastic Products has demonstrated a mixed financial performance over recent years.

Despite the decline in revenue, the company managed to achieve a profit after tax (PAT) of ₹142.48 lakhs, marking an 18% increase from the previous year. This improvement in profitability, despite lower revenues, highlights the company’s effective cost management and operational efficiency.

Period Ended

31 Mar 2024

31 Mar 2023

31 Mar 2022

Assets

2,211.53

1,874.27

1,822.99

Revenue

4,715.73

6,225.43

5,577.89

Profit After Tax

142.48

120.27

-40.71

Net Worth

438.79

192.56

72.29

Reserves and Surplus

132.16

-110.94

-231.21

Total Borrowing

1,136.42

1,053.42

1,030.43

Amount in ₹ Lakhs

Key Financial Ratios and Indicators

The financial health of Solve Plastic Products is further emphasised by key performance indicators. The company’s debt-to-equity ratio stands at 0.23, reflecting a relatively low level of leverage. The Return on Net Worth (RoNW) is 15.56%, indicating a strong return on shareholders' equity. Additionally, the Price to Book Value (P/BV) ratio is 6.36, suggesting that the stock is fairly valued relative to its book value. These financial metrics provide investors with insights into the company’s financial stability and growth potential.

Use of IPO Proceeds by Solve Plastic Products

Planned Investments and Expansions

The funds raised will be strategically invested in expanding production capacity and developing new products, supporting the company’s long-term growth objectives.

Debt Repayment and Other Allocations

A portion of the IPO proceeds will be used to repay debts, enhance financial health, and allocate resources to other critical areas like R&D and marketing.

How to Apply for Solve Plastic Products IPO

Steps to Apply Through Demat Account

Investors can apply for the Positron Energy IPO through their demat accounts by following a straightforward application process, ensuring all required documents are accurately submitted.

Head over to the broker’s website or download their trading app from the Android or Apple app store and follow these steps:

  1. Login to your demat account
  2. Choose ‘IPO’ from the menu
  3. Select the Solve Plastic Products IPO and click ‘Apply’
  4. Enter the quantity (lot size)
  5. Enter your UPI ID to block the required amount
  6. Submit your application

Guidelines for Retail and Institutional Investors

Specific guidelines will be provided for both retail and institutional investors, ensuring a clear understanding of the application process and investment terms.

Risks and Opportunities Associated with Solve Plastic Products IPO

Potential Risks for Investors

Investors should consider market volatility and industry-specific risks associated with the plastic sector, including regulatory changes and market competition.

Growth Opportunities in the Energy Sector

Despite potential risks, the IPO presents substantial growth opportunities in the burgeoning energy sector, where Solve Plastic Products aims to expand its footprint.

Expert Opinions and Market Predictions

Analyst Ratings and Recommendations

Financial analysts have given positive ratings to the initial public offering, citing the company’s strong market position and potential for growth.

Market Sentiment and Future Outlook

The market sentiment is optimistic, with predictions of strong performance driven by the company’s strategic initiatives and industry trends.

Conclusion

Investing in the Solve Plastic Products IPO offers an accessible entry point into a promising sector, with potential for significant returns as the company continues to innovate and expand its market reach.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What is the Solve Plastic Products IPO and why is it significant?

Answer Field

The Solve Plastic Products IPO represents a critical growth step for the company, allowing public investment at a price of ₹91 per share, aimed at funding future expansions.

What is the price band for the Solve Plastic Products IPO, and how was it determined?

Answer Field

The IPO is uniquely priced at ₹91 per share, a strategic decision to attract a broad investor base while reflecting the company's value and growth potential.

What are the key risks and rewards of investing in the Solve Plastic Products IPO?

Answer Field

Investing in the IPO comes with market risks but also potential rewards from the company’s growth in the innovative plastic sector.

When will the Solve Plastic Products shares be listed, and what is the expected market response?

Answer Field

Shares will be listed shortly after the IPO closes, with expectations of a positive market response given the company’s solid fundamentals and growth trajectory.

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