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- Ideal Technoplast Industries Ltd
Ideal Technoplast Industries Ltd
Two experienced and technically sound promoters as well as directors Mr. Vipulbhai Dulabhai Mendapara and Mr. Prafulkumar Karsanbhai Vaghasiya, both residing in Surat, lead the foundation of the Company. The Company stands as a prominent manufacturer and supplier of rigid plastic packaging. It export globally (indirectly through export houses and third parties). It provide industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. The Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant along with In-House Design & Printing Technology and Company has specialization in manufacturing square packaging containers, known for their ruggedness, durability and ease of handling heavy items, has positioned it as a trusted and recognized player in the market. The Company also developed innovative Ideal Eco Tiles and Ideal Eco Basin, not only eliminating plastic but also enhancing aesthetics to enrich the surroundings.
Additionally, under Manufacturing Facility, the factory boasts an extensive setup sprawling over 3,000 square meters plot area, ensuring ample production capacity and under Niche Product, Specialised manufacturer of square packaging containers in various sizes and variants, accepted and recognised by different industry segments and best known for the ruggedness, durability, easy handling of heavy items also convenient to stack and store.
The Company is proposing the Initial Public Offer of 13,25,000 Equity Shares by raising capital aggregating Rs 16.03 Crore.
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Ideal Technoplast Industries Ltd IPO Timeline
Ideal Technoplast Industries Ltd IPO opens on 21-Aug-2024, and closes on 23-Aug-2024. The Ideal Technoplast Industries Ltd IPO bid date is from 21-Aug-2024 to 23-Aug-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Ideal Technoplast Industries Ltd IPO Opening Date | 21-Aug-2024 |
| Ideal Technoplast Industries Ltd IPO Closing Date | 23-Aug-2024 |
| Basis of Allotment | 26-Aug-2024 |
| Initiation of Refunds | 27-Aug-2024 |
| Credit of Shares to Demat | 27-Aug-2024 |
| Ideal Technoplast Industries Ltd IPO Listing Date | 28-Aug-2024 |
Ideal Technoplast Industries Ltd IPO Lot Size
Ideal Technoplast Industries Ltd IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or 121000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹121000 |
| Maximum | 1 | 1000 | ₹121000 |
Ideal Technoplast Industries Ltd IPO Details
| Ideal Technoplast Industries Ltd IPO Date | 21-Aug-2024 to 23-Aug-2024 |
| Ideal Technoplast Industries Ltd IPO Face Value | Shares of ₹10 per share |
| Ideal Technoplast Industries Ltd IPO Price | ₹121 per share |
| Ideal Technoplast Industries Ltd IPO Lot Size | 1000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹16.03 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹16.03 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Prafulbhai Karshanbhai Vaghasi, Vaishnaviben Prafulbhai Vaghas, Vipulbhai Dulabhai Mendapara. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 To meet capital expenditure
- 2 General corporate purposes
Company Financials
Ideal Technoplast Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 02-2024 | 15.09 | 9.11 | 1.35 |
| 03-2023 | 9.78 | 12.00 | 0.51 |
| Amount in ₹ Crore | |||
- Experienced Promoter and Management Team.
- Diversified Range of rigid plastic packaging solutions.
- Advanced Manufacturing Technologies.
- Automated Precision.
- High Customer Retention.
- Specialization in Square Packaging.
- In-House Design and Printing Technology.
- The company's business is substantially dependent on its key customers from whom the company derives a significant portion of its revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.
- The Company is dependent on few States. Loss of any of this large States may affect its business operations.
- The Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect its business operations.
- The Company are majorly dependent on two states i.e. Haryana and Gujarat for purchase of raw material. In case of uncertainties and adverse developments in these states can affect the business of the company's ability to procure raw materials and to carry on the business.
- The company will continue to be controlled by its Promoters and certain related entities after the completion of the Issue.
- The company has to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.
- There are no long-term supply agreements with its vendors/suppliers. The company's Business may be adversely affected if there is any disruption in the raw material supply or due to non-availability of raw material.
- The company's business is dependent on its continuing relationships with the company clients, with whom the company has not entered into long term arrangements.
- Increase in the prices of its raw material may have an adverse effect on the company's business.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the "Objects of the Issue". Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- The company inability to expand or effectively manage its growing sales network may have an adverse effect on its business, results of operations and financial condition.
- The company has issued some of the securities within the last twelve months at a price lower than the issue price (other than bonus issues).
- The company has unsecured loans from directors and relatives of directors, which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its liquidity and business operations.
- Its insurance coverage may not adequately protect the company against certain operating risks and this may have an adverse effect on the results of its business.
- A slowdown or shutdown in its manufacturing operations could have an adverse effect on the company business, results of operations and financial condition.
- If the company is unable to maintain and enhance its brand and reputation, the sales of the company products may suffer which would have a material adverse effect on its business operations.
- The company is dependent on third party transportation providers for delivery of raw materials to it from the company suppliers and delivery of finished goods to its clients. Any failures on part of such service providers to meet their obligations could have a material adverse effect on the company's business, financial condition and results of operation.
- Failures to manage the company stocks could have an adverse effect on its net sales, profitability, cash flow and liquidity.
- The company could be exposed to risks arising from misconduct, fraud and trading errors by its employees and Business Associates.
- A shortage or non-availability of electricity or water may adversely affect its manufacturing operations and have an adverse effect on the company's business, results of operations and financial condition.
- Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategy could have an adverse effect on the company's business, results of operations and financial condition.
- The Company operates under several statutory and regulatory permits, licenses and approvals. The company failures to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.
- Dependence on debt and outflow of finance cost leads to outflow of cash flows and reduce overall profitability.
- The company participate and operates in competitive markets with low barriers to entry which may increase competition and have a material adverse effect on its business, financial condition and results of operations.
- Risk associated with orders not having been placed for plant and machinery in relation to the objects of the issue, indicating the percentage and value terms of the plant and machinery for which orders are yet to be placed.
- Conditions and restrictions imposed on it by the agreements governing its indebtedness could adversely affect its ability to operates the company's business.
- Its manufacturing activities are dependent upon availability of skilled and unskilled labour.
- Excessive dependence on any Key Managerial Personnel for the project for which the issue is being made.
- Its Promoters, Directors and Key Managerial Personnel may have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoters and Directors, they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Group Companies / Entities.
- The Company has in the past entered into related party transactions and may continue to do so in the future and the company cannot assure you that its could not have achieved more favourable terms if such transactions had not been entered into with related parties. And will not have an adverse effect on its financial conditions and result of operations.
- Strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees/workmen in future could adversely affect its business and results of operations.
- Compliance with and changes in safety, health and environmental laws and various labour, workplace and related laws and regulations impose additional costs and may increase its compliance costs and a such adversely affect the company results of operations and its financial condition.
- The company management has discretion in how it may use the proceeds of the Issue. Any variation in the 24tilization of its Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- Its Object has not been appraised by any Bank or Financial Institution. Any significant deviation in the Object could adversely impact its operations and sustainability in absence of any independent monitoring agency.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by its Audit Committee.
- The average cost of acquisition of Equity shares in the Company by its Promoters is lower than the Issue price.
- Its success largely depends on the company Board, Key Managerial Personnel and Senior Management and its ability to attract and retain them. Any loss of the company director, key managerial personnel and senior management could adversely affect its business, operations and financial conditions.
- Certain information contained in this Draft Prospectus are based on management estimates and the company cannot assure you of the completeness or accuracy of the data.
- Diversified Industrial Client Portfolio allows continuous production ensures continuous production demand. Prime focus is on food industry that has continuous demand.
- Product Range with multiple SKU's (Stock Keeping Units) has lead the company to be one-stop shop solutions for customers leading to higher fulfilment ratio.
- Latest on the product label printing technology and unique designs providing an edge over competitors.
- Adoption of ZED (Zero Defect Zero Effect), SA 8000 (Social Accountability 8000), EPR (Extended Producer Responsibility) and other quality certification for brand enhancement and enter MNC clients and exports market.
- Quick Service due to advanced machinery and robotic automation.
- Building international distributor network for exports.
Ideal Technoplast Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 86.00% |
| Post Issue Share Holding | 63.22% |
Ideal Technoplast Industries Ltd IPO Subscription Status (Bidding Detail)
The Ideal Technoplast Industries Ltd IPO is subscribed 5.1026 times on Aug 23, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | 5.1026 |
Ideal Technoplast Industries Ltd IPO Prospectus
Ideal Technoplast Industries Ltd IPO Listing Date
| Listing Date | 28 Aug 24 |
| BSE Script | 93188 |
| NSE Symbol | IDEALTECHO |
| Listing In | NSE - SME |
| ISIN | INE0T9I01011 |
| IPO Price | ₹121 |
| Face Value | ₹10 |
Ideal Technoplast Industries Ltd IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200;
Email: investor@bigshareonline.com;
Website: www.bigshareonline.com
Ideal Technoplast Industries Ltd IPO Lead Manager(s)
- Swastika Investmenrt Ltd
FAQs on Ideal Technoplast Industries Ltd IPO
Ideal Technoplast Industries Ltd IPO, which opens for subscription from 21-Aug-2024 to 23-Aug-2024 has an issue size of ₹16.03 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Ideal Technoplast Industries Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
Ideal Technoplast Industries Ltd IPO Opens for subscription from 21-Aug-2024 to 23-Aug-2024.
The lot size of Ideal Technoplast Industries Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹121000 and ₹121000 respectively.
Allotment date for Ideal Technoplast Industries Ltd is 26-Aug-2024 and refund of application amount (in case allotment is not received) will begin from 27-Aug-2024. If your allotment goes through, then shares will be credited in your Demat account by 27-Aug-2024.
The registrar for Ideal Technoplast Industries Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.
The shares of Ideal Technoplast Industries Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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