An in-depth guide to Ideal Technoplast’s upcoming IPO, covering key dates, pricing, and allotment details.
Ideal Technoplast is a manufacturer of high-quality plastic products, specializing in industrial packaging solutions. It has published that its IPO is going to be open on 21st August and will end on 23rd August. The company aims to gather INR 16.03 crore with a fixed price band of INR 121 per share, a face value of INR 10 per share, and a market lot of 1000 shares.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Ideal Technoplast
- Allotment Dates for Ideal Technoplast
- Application Process of IPO
- Financial Analysis of Compan
- IPO Valuation
- Competitor Analysis
- Promoters And Management
- Registrar for Ideal Technoplast
- Offer Lead Manager
- Company Address
Company Overview
Ideal Technoplast deals with the manufacturing of rigid plastic packaging solutions using modernized technology, such as in-house design and printing technology. The company uses fully automatic robot arms for minimum human intervention to carry in-mold labeling and heat transfer mold labeling technology to have a direct printing option on containers to maintain the quality of the product. Ideal Technoplast established itself as one of the leading sellers and manufacturers for offering unique molds designed according to the requirements of customers with high production efficiency to gain a competitive advantage.
Company Strategy
The company’s strategy centers around gaining a competitive advantage in the plastic molding industry. The company focuses on the manufacturing of industrial packaging solutions for paints, agrochemicals, and the food sector and expanding the range of products to minimize risks in the markets. Additionally, it also focuses on IPO proceeds for production capacity ramp-up and market expansion, balancing out debt repayment and operational efficiency for financial health improvement to promote sustainable growth and competitiveness in the industry.
Details on IPO Date and Price Band
| IPO Open: | August 21, 2024 |
| IPO Close: | August 23, 2024 |
| IPO Size: | Approx INR 16.03 Crores (13,25,000 Equity Shares) |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 121 Per Equity Share |
| IPO Listing on: | NSE SME |
IPO Objective:
The main purpose of Ideal Technoplast’s IPO is to enhance financial capital expenditures for increasing production capacities and modernizing and expanding infrastructure. In addition, a portion of the proceeds will be designated for general corporate purposes, which should provide financial flexibility to support strategic initiatives to achieve operating efficiency and overall financial condition.
Market Lot Information on Ideal Technoplast IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (1,000 shares) for INR 1,21,000
- Retail Maximum: 1 lot (1,000 shares) for INR 1,21,000
- S-HNI Minimum: 2 lots (2,000 shares) for INR 2,42,000
Allotment Dates for Ideal Technoplast IPO
Ideal Technoplast IPO open date is August 21 and the IPO close date is August 23. The IPO allotment date is August 26 and the listing date is August 28.
| IPO Open Date: | August 21, 2024 |
| IPO Close Date: | August 23, 2024 |
| Basis of Allotment: | August 26, 2024 |
| Refunds: | August 27, 2024 |
| Credit to Demat Account: | August 27, 2024 |
| IPO Listing Date: | August 28, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Ideal Technoplast IPO. On the other hand, the IPO forms are also available for download on the NSE and BSE websites which the candidates can fill and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | PAT |
| 2021 | 5.69 | 5.59 | 0.10 |
| 2022 | 5.68 | 5.59 | 0.11 |
| 2023 | 12.00 | 11.48 | 0.51 |
| Feb 2024 | 24.24 | 21.01 | 3.27 |
Ideal Technoplast has shown significant financial growth over the past few years. In 2021 and 2022, the company maintained stable revenue around INR 5.69 crores and INR 5.68 crores respectively with minimal profit after tax (PAT) of INR 0.10 crores and INR 0.11 crores. However, in 2023, revenue more than doubled to INR 12.00 crores and PAT increased to INR 0.51 crores, indicating improved profitability. By February 2024, the company’s revenue surged to INR 24.24 crores and PAT reached INR 3.27 crores, reflecting robust growth driven by increased operational efficiency and expanding market presence.
IPO Valuation (FY 2023)
The company’s EPS stands at a value of INR 3.63 with a Return on Net Worth (RoNW) of 26.84% and a Net Asset Value (NAV) per share of INR 13.51 in the financial year 2023. The IPO price band range of INR 121, with an issue of 13,25,000 equity shares to raise INR 16.03 crore and a face value of INR 10 per share to meet working capital requirements and to fund general corporate purposes.
| Earnings Per Share (EPS): | INR 3.63 per Equity Share |
| Price/Earning P/E Ratio: | 3.63 |
| Return on Net Worth (RoNW): | 26.84% |
| Net Asset Value (NAV): | INR 13.51 per Equity Share |
Competitor Analysis
Here are some competitors of Ideal Technoplast
Mold-Tek Packaging Limited
Mold-Tek Packaging Limited is a well-established manufacturer of industrial hard plastic packaging solutions that is primarily fed by the food, paints, lubricants, and FMCG industries. The firm has been dubbed as the pioneer of their unique packaging solutions mainly through the use of in-mold labeling (IML) technology and robot automation that ensures its customers the best product quality in the market. Proved by the new research and development fields make Mold-Tek new and not stop till the product variety covers both local and overseas markets, characteristic of the strong reliance on good quality and innovation of the packaging industry.
Time Technoplast Limited
Time Technoplast Limited is a renowned company that is profitable and market-directed simply making polymer-based products, which are used in a variety of sectors, such as industrial packaging, lifestyle, healthcare, and automotive. The company’s product line with drums, containers, and composite cylinders is diverse in material and sustainable solutions. Time Technoplast’s multicontinental place, speed of the production process through smart manufacturing, and the order are the main reasons for the company’s status as a leader in the polymer products industry, which benefits markets all over the world: Asia, the Middle East, Europe, and the Americas.
TPL Plastech Limited
TPL Plastech Limited specializes in the production of rigid plastic packaging solutions. The company’s main products are high-quality drums, containers, jerry cans, etc. for the industry sectors that include chemicals, petrochemicals, pharmaceuticals, and food. It can be described as a company that always looks for new ways of doing things, with innovation, safety, and sustainability being the core values the company lives by. TPL Plastech takes advantage of recent manufacturing technologies to give containers that will endure for long periods and be consistently trustworthy. Through customer satisfaction and quality assurance, TPL Plastech has established excellent relationships with a wide variety of clients, both in India and internationally.
Promoters And Management
- Mr. Prafulbhai Karshanbhai Vaghasia
- Mrs. Vaishnavi Prafulbhai Vaghasiya
- Mr. Vipulbhai Dulabhai Mendapara
- Mrs. Mitulaben Vipulbhai Mendapara
- Mr. Gauravbhai Chhaganbhai Gopani
- Mrs. Ashaben Gauravbhai Gopani
Offer Lead Manager
Swastika Investmart Limited
Swastika Investment Limited is an Indian financial services provider, offering investment solutions like stock broking, wealth management, insurance, and mutual funds among others. The firm offers wealth planning and investment strategies for both individual clients and institutions with holistic, goals-based financial solutions. Swastika Investmart places a prime focus on offering customer-centric services and uses state-of-the-art technology, along with market information to deliver tailor-made financial resolutions.
Conclusion
Ideal Technoplast’s IPO opened on August 21, 2024, aiming to raise INR 16.03 crore with a fixed price of INR 121 per share. The funds will be utilized to expand production capacities, modernize infrastructure, and improve financial health. With the IPO allotment scheduled for August 26 and listing on August 28, the company is preparing to strengthen its market presence in the industrial packaging sector, offering a compelling presence in the industrial packaging sector. This offers a compelling opportunity for investors seeking growth in this niche market.
