Technopack Polymers IPO Date, Price, GMP, Review, and Details
Technopack Polymers Limited, founded in 2018, produces “TECHNOPET” PET preform using a 48-cavity, state-of-the-art, world-class Milacron Machine and ACME Mould. In addition, the company produces premium CCM CAP.
Cap-Closure is constructed from HDPE plastic granules, and PET Polyethylene Terephthalate (used by customer firms in the packaged drinking water industry, carbonated soft drinks, etc.) are also available from Technopack Polymers Limited.
The factory in Rajkot, Gujarat, where the company’s PET Preform and Cap Closure are made, is equipped with completely automatic machines.
Strengths:
- Manufacturing setup and factory environment.
- Provisioning for the Stockpiling of Raw Materials.
- To fold and slit.
- Process of counting and packing.
- Consumers and Promotional Infrastructure.
- Professionally-trained staff and seasoned Advertisers.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 357.87 | 355.27 | 3.8 | 97.63 | -2.37 | 257.36 |
| 31-Mar-21 | 585.73 | 615.74 | 1.91 | 99.54 | -0.46 | 328.98 |
| 31-Mar-22 | 926.29 | 1002.87 | 210.83 | 300.37 | 200.37 | 270.78 |
| 31-Jul-22 | 1183.82 | 482.1 | 93.94 | 779.31 | 382.31 | 160.56 |
| Amount in ₹ Lakhs | ||||||
The Problem’s Substantive Aspects
The goals of the Net Issue are to provide resources for the following:
1. Provide partial funding for the acquisition and installation of a second SACMI CCM24S-F facility for the production of HDPE Beverages Closures.
2. The Need for Extra Working Capital.
3. The Company’s Overarching Purpose.
Technopack Polymers IPO Details
| IPO Date | Nov 2, 2022 to Nov 7, 2022 |
| Listing Date | Wednesday, November 16, 2022 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Fresh Issue | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters. |
IPO tentative timetable for Technopack Polymers
The IPO for Technopack Polymers starts on November 2, 2022 and ends on November 7, 2022. The bid date for the Technopack Polymers IPO is from November 2, 2022 at 10 a.m. to November 7, 2022 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 2, 2022 |
| Closing Date | Nov 7, 2022 |
| Basis of Allotment | Nov 11, 2022 |
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat | Nov 15, 2022 |
| Listing Date | Nov 16, 2022 |
Lot Size for Technopack Polymers IPO
The size of an IPO lot for Technopack Polymers is 2000 shares. A retail investor can apply for up to 1 lot, which is equal to 2000 shares or 110,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Technopack Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Technopack Polymers IPO Subscription Status (Bidding Detail)
The Technopack Polymers IPO is subscribed 19.81 times on Nov 7, 2022, 6:58:00 PM. The public issue subscribed 19.81 times in the retail category, times in the QIB category, and 19.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 19.82 |
| Retail | 19.81 |
| Total | 19.81 |
Technopack Polymers IPO Listing Date
| Listing Date | Wednesday, November 16, 2022 |
| BSE Script Code | 543656 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0MXP01015 |
| IPO Price | ₹55 per share |
| Face Value | ₹10 per share |
Company Contact Information
M/s Gokul Industries Rafaleshvar Industrial Estate
Nr. Rafaleshvar Rlw. Track, Morbi,
Jambudiya, Dist. Rajkot Gujarat – 363642
Phone: +91 9099070066
Email: compliance@technopackltd.com
Website: https://technopackltd.com/
FAQs about Technopack Polymers’ IPO
What is the IPO for Technopack Polymers?
Technopack Polymers’ initial public offering (IPO) is a SME IPO with 1,430,000 equity shares with a face value of 10 each, for a total of 7.87 Crores. Each share of the new stock costs 55. The least you can order is 2000 Shares.
The IPO starts trading on November 2, 2022, and ends on November 7, 2022.
The IPO is being kept track of by Bigshare Services Pvt Ltd. It is planned to list the shares on BSE SME.
How to apply for an IPO through Zerodha for Technopack Polymers?
Customers of Zerodha can apply for the Technopack Polymers IPO online and pay with UPI. Customers of Zerodha can apply for the Technopack Polymers IPO by logging in to their back office, or Zerodha Console, and filling out an IPO application form.
How to apply for the Technopack Polymers IPO through Zerodha
- Log in to the Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button in the row that says “Technopack Polymers IPO.”
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will the Technopack Polymers IPO start?
The IPO for Technopack Polymers starts on November 2, 2022, and ends on November 7, 2022.
How do I apply for an IPO from Technopack Polymers?
You can use either UPI or ASBA to pay for an online application to the Technopack Polymers IPO. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
