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Open
13 Aug 2024
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Close
16 Aug 2024
3
Allotment
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Listing
Wed, Aug 21, 2024
Price Band
₹91 per share
Issue Size
13,02,000 shares (agg. up to ₹12 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Aug 21, 2024
Latest GMP
₹7
Est. Gain
7.69%
✦ AI Insight
GMP Trend
21-08-2024₹7Est. ₹98+7.69%
20-08-2024₹7Est. ₹98+7.69%
19-08-2024₹0Est. ₹91+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 33.86x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 22.12 | 18.74 | 18.23 |
| Total Income | 47.16 | 62.25 | 55.78 |
| Profit After Tax | 1.42 | 1.20 | -0.41 |
| NET Worth | 4.39 | 1.93 | 0.72 |
| Reserves and Surplus | 1.32 | -1.11 | -2.31 |
| Total Borrowing | 11.36 | 10.53 | 10.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Polysil Irrigation Systems Ltd. | SME | ₹17.43 Cr | ₹54 | 47.08 | ₹54.25 | +0.46% | ₹81.35 |
| AIK Pipes & Polymers Ltd. | SME | ₹15.02 Cr | ₹89 | 21.54 | ₹105.00 | +17.98% | ₹33.20 |
| Swashthik Plascon Ltd. | SME | ₹40.76 Cr | ₹86 | 17.23 | ₹126.10 | +46.63% | ₹22.75 |
| Master Components Ltd. | SME | ₹15.43 Cr | ₹140 | 27.09 | ₹140.20 | +0.14% | ₹415.00 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 5.53 |
| 2 | Working Capital Requirements | 3.83 |
| 3 | Issue Related Expenses | 1.62 |
| 4 | General Corporate Expenses | 0.88 |
About Solve Plastic Products IPO
Updated on Aug 5, 2026
Contact Details
Solve Plastic Products Ltd. AddressDoor No XIII/690/ABCTholicode, PunalurKollam, Kerala, 691333+91 99956 31001cs@balcopipes.comVisit Website