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Solve Plastic Products Ltd

Plastic products

Offer Period :

13th to 16th Aug 2024

Solve Plastic Products Limited, founded in 1994, manufactures uPVC pipes and Rigid PVC electrical conduits under the "BALCOPIPES" brand. Read more... With four manufacturing units in Kerala and Tamil Nadu, their BIS-approved products are distributed primarily in Kerala, including solvent cement, water tanks, and garden hoses.Read less

Solve Plastic Products Ltd IPO Details

IPO Date 13th to 16th Aug 2024 Minimum Investment ₹109200 / 1 Lots
Listing Date 2024-08-21 Maximum Investment ₹109200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹11.85 Crores
Price ₹91 to ₹91 per share Fresh Issue ₹11.85 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 13th to 16th Aug 2024
Listing Date 2024-08-21
Face Value ₹10 per share
Price ₹91 to ₹91 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹109200 / 1 Lots
Maximum Investment ₹109200 / 1 Lots
Total Issue Size ₹11.85 Crores
Fresh Issue ₹11.85 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

13th Aug

IPO Starts

16th Aug

IPO Ends

19th Aug

Allotment Date

20th Aug

Initiation of Refund

20th Aug

Credit of Shares to Demat Account

21st Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 71.05 49.87
Public Group 28.95 50.13

Solve Plastic Products Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 618000(47.47%)
Retail Shares Offered 618000(47.47%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1302000
Total Shares With Anchor Investor 1302000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Solve Plastic Products Ltd IPO Registrar

Integrated Registry Mgt Ser.Pv
Phone Number 080-23460815/816/817/818
Email Id smeipol@integratedindia.in
Our Website www.integratedindia.in

Solve Plastic Products Ltd IPO Lead Manager

1. Finshore Management Services Ltd

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Solve Plastic Products Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Solve Plastic Products Ltd

1. Established and proven track record.

2. Leveraging the experience of our Promoters.

3. Experienced management team and a motivated and efficient work force.

4. Cordial relations with our customers.

5. Quality Assurance & Control.

Risks Involved

1. The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. If the company is unable to successfully implement its proposed expansion plans; its results of operations and financial condition could be adversely affected.

3. The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

4. The availability of look-alikes, counterfeit products, primarily in its domestic markets, manufactured by other companies and passed off as its products, could adversely affect the company goodwill and results of operations.

5. Its revenue is dependent on single business segment i.e. PVC Pipe & Electrical Conduit. An inability to anticipate or adapt to evolving upgradation of these products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.

6. The Company maintains high level of inventory for uninterrupted production activities.

7. Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of its major customers would have a material effect on the company's business operations and profitability.

8. The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.

9. Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

10. The Company had incurred loss in one of the last three financial year. Any losses in future could adversely impact its business, financial condition and results of operations.

Solve Plastic Products IPO Objectives

The primary aim of the Solve Plastic Products IPO is to secure funding for capital expenditures, specifically the acquisition of new machinery and equipment to boost production capabilities. Additional financial resources will be directed towards covering the expenses associated with the issue and ensuring adequate working capital to support ongoing operations. The IPO also includes a provision for general corporate purposes, which will assist in the strategic development of the company's infrastructure and operational frameworks. This financial initiative is designed to enhance the company's competitive stance in the manufacturing of uPVC and Rigid PVC pipes, paving the way for sustainable growth.

How to Check the Allotment Status of the Solve Plastic Products IPO?

Investors looking to check the allotment status of the Solve Plastic Products IPO can do so by visiting the registrar's website, Integrated Registry Management Services Private Limited. On the site, they should input their PAN number or application number to retrieve the status. Allotment results are typically published shortly after the IPO closes, providing timely updates for participants.

FAQs

  1. Who is the CEO of Solve Plastic Products Limited?

    The CEO of Solve Plastic Products Limited is Sudheer Kumar Balakrishnan Nair. He is also one of the directors of the company.

  2. What is the purpose of the Solve Plastic Products Ltd IPO?

    The purpose of the Positron Energy Ltd IPO is to gather funds for expanding operational capacity, investing in new projects, reducing debt, and supporting general corporate activities. This financial strategy aims to strengthen the company's competitive edge in the energy sector.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Solve Plastic Products Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-21 93132 BALCO
INE0U0201016
₹91 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹91 ₹91
Open ₹0 ₹102
Low ₹0 ₹102
High ₹0 ₹107.1
Low ₹0 ₹102

Frequently Asked Questions

What is Solve Plastic Products Ltd IPO?

Answer Field

Solve Plastic Products Ltd IPO is a SME IPO of 13,02,000 equity shares of a face value of ₹10 aggregating up to ₹11.85 Crores. The issue is priced at ₹91 to ₹91 per share. The minimum order quantity is 1200 Shares. The IPO opens on August 13, 2024, and closes on August 16, 2024. Integrated Registry Mgt Ser.Pv is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Solve Plastic Products Ltd IPO will open?

Answer Field

The Solve Plastic Products Ltd IPO opens on August 13, 2024 and closes on August 16, 2024.

What is the lot size of Solve Plastic Products Ltd?

Answer Field

Solve Plastic Products Ltd lot size is 1200 shares, and the minimum amount required is ₹1,09,200.

How to apply for Solve Plastic Products Ltd IPO?

Answer Field

You can apply in Solve Plastic Products Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Solve Plastic Products Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Solve Plastic Products Ltd IPO will be done on August 19, 2024, and the allotted shares will be credited to your demat account by August 20, 2024.

When is Solve Plastic Products Ltd IPO listing date?

Answer Field

The Solve Plastic Products Ltd listing date is August 21, 2024.

Who is the registrar of Solve Plastic Products Ltd IPO?

Answer Field

The registrar of Solve Plastic Products Ltd IPO is Integrated Registry Mgt Ser.Pv

Which company is the book-running lead manager of the IPO?

Answer Field

Finshore Management Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Solve Plastic Products Ltd IPO?

Answer Field

The fresh issue size is ₹11.85 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Solve Plastic Products Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,09,200 amount.

How can I approve the UPI mandate request for Solve Plastic Products Ltd IPO?

Answer Field

To apply for Solve Plastic Products Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Solve Plastic Products Ltd?

Answer Field

The price of each Solve Plastic Products Ltd share will be ranging in between ₹91 to ₹91 per share.

What is the cut-off time for the UPI mandate for Solve Plastic Products Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 16, 2024.

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