Solve Plastic Products Limited IPO

NSE SME

Listed On: Aug 21, 2024 at ₹ 102.0

₹ 109200 /1200 Shares

Check Allotment

Solve Plastic Products IPO Details

13 Aug, 2024

Open Date

16 Aug, 2024

Close Date

19 Aug, 2024

Allotment Date

21 Aug, 2024

Listing Date

Issue Price

₹91 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Integrated Registry Management Services Private Limited

List Price

102.0

Listing Date

2024-08-21

Market Lot

1200 Shares (₹109,200/-)

Lead Manager

Finshore Management Services Limited

Issue Size

Fresh Issue of 1,302,000 shares (aggregating up to ₹11.85 Cr)

Retail Portion

50%

Subscription

33.17 times

IPO Docs

DRHP RHP

Solve Plastic Products IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	618,000	618,000	1,236,000
Day 1 - 13-08-24 06:00 PM	0.42 x	4.18 x	2.30 x
Day 2 - 14-08-24 06:00 PM	1.86 x	13.30 x	7.58 x
Day 3 - 16-08-24 06:00 PM	19.58 x	46.76 x	33.17 x

Total No. of Applications: 24,080 (Approx)

Solve Plastic Products Valuations

EPS Pre IPO

₹3.92

EPS Post IPO

₹3.24

P/E Pre IPO

23.2

P/E Post IPO

28.12

RoNW

15.56%

Solve Plastic Products Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71

About The Company

Solve Plastic Products Limited, founded in the year 1994, offers a wide range of uPVC pipes—unplasticized polyvinyl chloride—and Rigid PVC electrical conduits, marketing them under the brand name "BALCOPIPES".

The company has its 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The manufactured products are approved by various authorities like Bureau of Indian Standards and also by organizations like Central Public Works Department of Chennai and Kochi, Military Engineer Services, Integral Coach Factory, Public Works Department of Kerala and Tamil Nadu and Tamil Nadu Housing Board. It mostly sells its products in the state of Kerala itself.

The company has a range of the following products:

Solvent cement
Water tank
Garden hoses
Rigid PVC electrical cables PVC pipes

The number of employees on its payroll is 165, excluding the managing directors.

Solve Plastic Products - Promoter(s)

Pre Issue Share Holding: 90.22%

Post Issue Share Holding: 49.87%

Company Promoter(s)

Mr. Sudheer Kumar Balakrishnan Nair
Mr. Susil Balakrishnan Nair
Mr. Balakrishnan Nair

Solve Plastic Products IPO - Issue Objectives

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

Other Details

Company Contact Details

Solve Plastic Products

Door No XIII/690/ABC, Tholicode, Punalur, Kollam - 691333

Phone: +91 99956 31001

Email: cs@balcopipes.com

Website: https://www.balcopipes.com/

Registrar Contact Details

Integrated Registry Management Services Private Limited

Phone: 044 - 28140801 to 28140803

Email: smeipo@integratedindia.in

Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1

Solve Plastic Products IPO - FAQs

Ans. Solve Plastic Products Limited IPO is a SME IPO. The issue is priced at ₹91 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 13, 2024, and closes on Aug 16, 2024. Integrated Registry Management Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Solve Plastic Products Limited IPO opens on Aug 13, 2024 and closes on Aug 16, 2024.

Ans. The size of Solve Plastic Products Limited IPO is Fresh Issue of 1,302,000 shares (aggregating up to ₹11.85 Cr).

Ans. The IPO price band is set between ₹91 per equity share.

Ans. To apply for Solve Plastic Products Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Solve Plastic Products Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Solve Plastic Products Limited IPO is Aug 19, 2024.

Ans. The Solve Plastic Products Limited IPO will be listed on Aug 21, 2024.

Ans. Follow the steps to check the allotment status for Solve Plastic Products Limited IPO here.