Solve Plastic Products Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

13 Aug 2024

Close Date

16 Aug 2024

Allotment

19 Aug 2024

Listing Date

21 Aug 2024

Exchange

NSE SME

Price Band

₹91

Listing Price

See chart

Allotment Status

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Price Band

₹91

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

13,02,000 shares (aggregating up to ₹11.85 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹109,200

1 lot

Pre-IPO Holding

30,66,250 shares

Promoters

Post-IPO Holding

43,68,250 shares

Promoters

P/E (Pre)

23.2x

P/E (Post)

28.12x

EPS (Pre)

₹3.92

EPS (Post)

₹3.24

UPI Deadline

2024-08-16

Mandate

Anchor AllotmentMon, 12 Aug 2024

Basis of AllotmentMon, 19 Aug 2024

Refund InitiationTue, 20 Aug 2024

Demat CreditTue, 20 Aug 2024

Listing DayWed, 21 Aug 2024

UPI Mandate Deadline2024-08-16

Sale TypeFresh Capital

Net Offer to Public12,36,000 shares (aggregating up to ₹11.25 Cr)

Market Maker Quota66,000 shares (aggregating up to ₹0.6006 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Solve Plastic Products Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Aug 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	66,000	—	₹0.60
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,302,000	100%	₹11.85

IPO Shares Offered

Solve Plastic Products Ltd. IPO total issue size: ₹11.85 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	66,000	₹0.60	5.07%
Total	1,302,000	₹11.85	100.00%

* Based on upper price band ₹91 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹91.00

Upper Band

Min Investment

₹109,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹218,400
Retail (Max — 13 Lots)	13	15,600	₹1,419,600
S-HNI (Min — 14 Lots)	14	16,800	₹1,528,800
B-HNI (Min — 68 Lots)	68	81,600	₹7,425,600

* Issue Price ₹91 × Lot Size 1,200 shares

IPO Schedule

Anchor

12 Aug 2024

✓ Done

IPO Open

13 Aug 2024

✓ Done

IPO Close

16 Aug 2024

✓ Done

Allotment

19 Aug 2024

✓ Done

Refunds

20 Aug 2024

✓ Done

Demat Credit

20 Aug 2024

✓ Done

Listing Day

21 Aug 2024

✓ Done

₹91.00

INR · NSE

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Issue ₹91.00 Live Price

About Solve Plastic Products Ltd.

Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES"The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.The company's product portfolio includes:Solvent cementWater tankGarden hosesRigid PVC electrical cables PVC pipesThe company has a total of 165 employees (excluding the managing directors).

Objects of the Issue

Funding Capital Expenditure towards the purchase of additional plant and machinery

To meet the Working Capital Requirements

To meet the Issue Expenses

General Corporate Purposes

Solve Plastic Products Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹5,577.9

31 Mar 2022

₹6,225.4

31 Mar 2023

₹4,715.7

31 Mar 2024

Profit After Tax (PAT)

-₹40.7

31 Mar 2022

₹120.3

31 Mar 2023

₹142.5

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	4715.73	6225.43	5577.89
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Total Assets	2211.53	1874.27	1822.99
Reserves & Surplus	132.16	-110.94	-231.21
Borrowings	1136.42	1053.42	1053.42
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	9.13%	—	—

P/BV Ratio

6.36

RoNW

32.47%

PAT Margin

9.13%

Debt/Equity

2.83

Issue Structure & Shareholding

Total Shares Offered13,02,000 (100.00%)

Net Offer to Public12,36,000 shares (aggregating up to ₹11.25 Cr)

Reserved for Market Maker66,000 shares (aggregating up to ₹0.6006 Cr)

Pre-Issue Promoter Holding30,66,250 shares

Post-Issue Promoter Holding43,68,250 shares

P/BV Ratio6.36

RoEN/A

RoCEN/A

Debt / Equity2.83

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Integrated Registry Management Services Pvt.Ltd.

044 - 28140801 to 28140803

smeipo@integratedindia.in

https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Solve Plastic Products Ltd. IPO subscribed? ▲

Solve Plastic Products Ltd. IPO is subscribed 1.00 times by Aug 16, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Solve Plastic Products Ltd. IPO retail subscription status? ▼

The Solve Plastic Products Ltd. IPO retail category is subscribed 1.00 times as of 16 Aug 2024. The retail portion is oversubscribed.

How to subscribe Solve Plastic Products Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 Aug 2024 and closes 16 Aug 2024. Min investment: ₹109,200 (1 lot = 1,200 shares). UPI mandate: 2024-08-16.

How many times Solve Plastic Products Ltd. IPO subscribed? ▼

The Solve Plastic Products Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Solve Plastic Products Ltd. IPO allotment? ▼

Check allotment on the registrar website (Integrated Registry Management Services Pvt.Ltd.) at https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Aug 2024. Refunds: on 20 Aug 2024.

When Solve Plastic Products Ltd. IPO will be listed? ▼

The Solve Plastic Products Ltd. IPO listing date is 21 Aug 2024, Wednesday. Listed on: NSE SME. Issue price: ₹91. Estimated listing: ₹91. GMP: NIL.

When Solve Plastic Products Ltd. IPO close? ▼

The Solve Plastic Products Ltd. IPO closes on 16 Aug 2024, Friday. UPI mandate: 2024-08-16. Allotment: 19 Aug 2024. Listing: 21 Aug 2024.

Quick Actions

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Live Price LIVE

Last Price₹91.00

Change—

Issue Price₹91.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹91

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹109,200

GMPNIL

Est. Listing₹91

Subscribed1.00x

Open Date13 Aug 2024

Close Date16 Aug 2024

Allotment19 Aug 2024

Listing Date21 Aug 2024

ExchangeNSE SME

UPI Deadline2024-08-16