Ideal Technoplast Industries is scheduled to hit the market on August 21, 2024 and close on August 23, 2024. Ideal Technoplast Industries plans to raise around ₹16.03 Cr through an IPO with a sale of up to 1,325,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Ideal Technoplast Industries Limited, established in 2012, specializes in manufacturing rigid plastic packaging for both domestic and international markets, utilizing export companies and third parties for international reach. The company provides a range of industrial packaging solutions, including round and square containers, twist containers, and bottles, catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
With advanced manufacturing technologies in-house, Ideal Technoplast features design and printing capabilities that enhance its product offerings. The Surat production facility spans 20,000 sq. ft. and is equipped with state-of-the-art technology, including a fully automated production line. As of March 31, 2024, the company employs a total of 28 staff members.
Ideal Technoplast Industries IPO Details
Ideal Technoplast Industries IPO opens on August 21, 2024, and closes on August 23, 2024. The Listing date for Ideal Technoplast Industries IPO is on August 28, 2024. The price band for IPO is ₹121 per share and lot size of 1000 Shares.
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28, 2024 |
| Price | ₹121 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹16.03 Cr |
| Face Value | ₹10 per share |
Ideal Technoplast Industries IPO Tentative Timetable
Ideal Technoplast Industries opening date is August 21, 2024 and close date is August 23, 2024. The IPO allotment date is August 26, 2024. Therefund initiation of IPO is on August 27, 2024. The credit of shares in demat account is on August 27, 2024. The listing date is on August 28, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 21, 2024 |
| IPO Closing | August 23, 2024 |
| IPO Allotment Date | August 26, 2024 |
| Refund Initiation | August 27, 2024 |
| Shares Credit to Demat | August 27, 2024 |
| Lisiting Date | August 28, 2024 |
Ideal Technoplast Industries IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹121,000 |
| Retail(Maximum) | 1 | 1000 | ₹121,000 |
| HNI (Minimum) | 2 | 2000 | ₹242,000 |
Ideal Technoplast Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.50% |
Ideal Technoplast Industries IPO Review
Ideal Technoplast Industries Ltd. (ITIL) is an important player in the rigid plastic packaging market, providing specialized packaging for different sectors like paints, agrochemicals, cosmetics, lubricants, and food products. The company uses advanced manufacturing techniques, including In-Mould Labelling (IML) with robotic automation, which helps improve production efficiency and ensures consistent quality. This technology enables ITIL to create strong and reliable packaging, particularly square containers that can hold heavy materials. ITIL maintains high quality by testing everything from raw materials to finished products, performing checks like weight tests, drop tests, and leak tests. The company operates with a small team of 28 employees as of March 31, 2024, relying heavily on automation and technology.
Financially, ITIL's performance has been mixed in recent years, with steady revenue in FY21 and FY22. However, there was a significant increase in both income and profits in FY23 and the first 11 months of FY24. In FY23, the total income was ₹12.00 crore, and the net profit was ₹0.51 crore, showing some improvement. But in the first 11 months of FY24, revenues jumped to ₹24.25 crore, and net profits increased to ₹3.27 crore. This sharp rise has raised questions about whether this growth can be maintained, especially in a tough and competitive industry like rigid plastic packaging. Investors are wondering if these results are sustainable or just a one-time occurrence.
Now, ITIL is looking to raise ₹16.03 crore through its first Initial Public Offering (IPO), offering 1,325,000 equity shares at a fixed price of ₹121 per share. The money raised will mainly be used for capital investment and general company expenses. The IPO will represent 26.50% of the company’s post-IPO paid-up capital, and the shares will be listed on the MSE SME Emerge platform. Despite the strong recent financial performance, the IPO is priced high based on annualized earnings for FY24, with a price-to-earnings (P/E) ratio of 16.97 based on FY24 earnings and a much higher P/E of 119.80 based on FY23 earnings. This valuation reflects ITIL's recent success but also indicates potential risks if the strong performance in FY24 does not continue. Investors should approach this IPO carefully, considering possible earnings fluctuations and the competitive nature of the industry. Savvy investors might think about investing moderate amounts for the medium to long term while keeping in mind the risks linked to the company’s sudden financial growth.
Ideal Technoplast Industries IPO Subscription Status (Bidding Details)
Table not foundIdeal Technoplast Industries IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Ideal Technoplast Industries IPO FAQs
What is Ideal Technoplast Industries IPO?
Ideal Technoplast Industries is issuing 1,325,000 equity shares with a face value of ₹10 each, totaling up to ₹16.03 Cr. The shares are being offered at a price of ₹121 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Ideal Technoplast Industries IPO will open?
Ideal Technoplast Industries will open on August 21, 2024 for QIB, NII, and Retail Investors.
When Ideal Technoplast Industries IPO will end?
Ideal Technoplast Industries will end on August 23, 2024.
What is Ideal Technoplast Industries IPO Size?
Ideal Technoplast Industries IPO size is ₹16.03 Cr.
What is Ideal Technoplast Industries IPO Price Band?
Ideal Technoplast Industries price band is ₹121 per share.
What is the Ideal Technoplast Industries IPO Allotment Date?
Ideal Technoplast Industries allotment date is August 26, 2024.
What is the Ideal Technoplast Industries IPO Listing Date?
Ideal Technoplast Industries listing date is August 28, 2024. The IPO is to be listed on BSE and NSE.
How to Ideal Technoplast Industries IPO through Zerodha?
To apply for the IPO “Ideal Technoplast Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Ideal Technoplast Industries IPO through Upstox?
To apply for the IPO “Ideal Technoplast Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Ideal Technoplast Industries IPO Allotment Status?
For Ideal Technoplast Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Ideal Technoplast Industries IPO GMP?
You can check out here: Ideal Technoplast Industries IPO GMP