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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% | ₹122.65 (+10.00%) |
| AIK Pipes & Polymers Ltd. | SME | ₹15.02 Cr | ₹89 | 21.54 | ₹105.00 | +17.98% | ₹21.08 (-2.41%) |
| Swashthik Plascon Ltd. | SME | ₹40.76 Cr | ₹86 | 17.23 | ₹126.10 | +46.63% | ₹24.00 (+9.09%) |
| Master Components Ltd. | SME | ₹15.43 Cr | ₹140 | 27.09 | ₹140.20 | +0.14% | ₹454.75 (+3.34%) |
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
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 cement Water tank Garden hoses Rigid PVC electrical cables PVC pipes The company has a total of 165 employees (excluding the managing directors).+ Read More
Contact Details
Solve Plastic Products Ltd. AddressDoor No XIII/690/ABCTholicode, PunalurKollam, Kerala, 691333+91 99956 31001cs@balcopipes.comVisit Website