Technopack Polymers Limited IPO Detail
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 Promoters
Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters.IPO Details
| IPO Opening Date | Nov 02, 2022 |
| IPO Closing Date | Nov 07, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹7.87 Cr |
| Fresh Issue | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.48x | 0.83x | 0.66x | |
| Day 2 | - | - | 1.09x | 2.61x | 1.85x | |
| Day 3 | - | - | 1.78x | 4.81x | 3.29x | |
| Day 4 | - | - | 19.82x | 19.81x | 19.81x |
IPO Tentative Timetable
The Technopack Polymers Limited IPO open date is Nov 02, 2022, and the close date is Nov 07, 2022. The issue may list on Nov 17, 2022.
| IPO Open Date | Nov 02, 2022 |
| IPO Close Date | Nov 07, 2022 |
| Basis of Allotment Date | Nov 11, 2022 |
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat Account | Nov 15, 2022 |
| IPO Listing Date | Nov 17, 2022 |
IPO Lot Size
The Technopack Polymers Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110000 |
| Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 585.73 | 615.74 | 1.91 |
| 31-Mar-20 | 926.29 | 1002.87 | 210.83 |
| 31-Jul-22 | 1183.82 | 482.1 | 93.94 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Technopack Polymers Limited IPO Lead Manager(s):
ISK Advisors Pvt Ltd
Company Contact Information:
Technopack Polymers Limited
M/s Gokul Industries Rafaleshvar Industrial Estate Nr. Rafaleshvar Rlw. Track, Morbi,
Jambudiya, Dist. Rajkot Gujarat – 363642
Gujarat
