Ideal Technoplast Industries IPO

Ideal Technoplast Industries Limited was established as a partnership firm under the Partnership Act, 1932, on 24 August 2012. It was later converted into a limited company under the Companies Act, 2013, on 23 November 2023, and now operates with the Corporate Identification Number U22203GJ2023PLC146444.

Ideal Technoplast Industries Limited specialises in manufacturing rigid plastic packaging solutions. The company serves various sectors, including paints, agrochemicals, cosmetics, adhesives, lubricants, food, and edible oil. Its facility in Surat spans 20,000 sq. ft. and is equipped with advanced technologies such as fully automated machinery, In-Mould Labelling (IML), and robotic automation.

The company employs cutting-edge manufacturing processes, including In-House Design and printing Technology. Square containers are a key product, known for their durability and ease of handling. The manufacturing process integrates automatic machines and robotic arms, reducing manual intervention and ensuring high production efficiency.

The company is promoted by a team of experienced professionals, with Mr. Prafulbhai Karshanbhai Vaghasia co-founding the firm in 2012 and leading its growth into a key player in the plastic packaging sector.

Ideal Technoplast is committed to sustainability, with a focus on recycling plastic waste. The company uses shredded and ground plastic waste as raw material, which is reprocessed into new containers. This eco-friendly approach demonstrates its commitment to environmental responsibility.

Their manufacturing facility covers 3,000 square meters, providing substantial capacity for producing various sizes and types of square containers. The products are recognised for their robustness and suitability for heavy items, enhancing their appeal across multiple industry segments.

Ideal Technoplast Industries IPO Strengths

• Ideal Technoplast maintains a diversified industrial client portfolio, ensuring continuous production demand, especially in the food and agriculture sectors.
• The company offers a diverse range of rigid plastic packaging solutions, contributing to a stable revenue stream with products for various industries.
• The company leverages advanced manufacturing technologies to enhance production efficiency, reduce costs, and maintain high-quality standards.
• Ideal Technoplast Industries has an in-house design and printing facility, allowing for superior product customisation and a strong brand identity.
• Ideal Technoplast ensures high customer retention with its commitment to excellent service and consistent product quality.
• The company specialises in square packaging, providing durable and reliable containers that cater to heavy and industrial items.

Ideal Technoplast Industries IPO Risks

• Ideal Technoplast relies heavily on a few key customers, and losing any significant clients could significantly impact its revenue.
• The company faces risks from high costs associated with new product innovations, potentially reducing customer acceptance and revenue.
• Ideal Technoplast Industries depends on a limited number of states and suppliers for raw materials, making it vulnerable to disruptions in these areas.
• The company does not have long-term supply agreements with vendors, which risks disruptions in raw material supply and impacts business continuity.
• Ideal Technoplast Industries is controlled by its promoters, which might lead to conflicts of interest and affect business decisions and shareholder value.
• The company has unsecured loans from directors repayable on demand, which could strain liquidity and impact financial stability if repayment demands are made.