Solve Plastic Products IPO Details
| IPO Size | 11.85 |
| Price Range | ₹91 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹109,200 |
| Pre IPO Promotor Holding | 90.22 |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Solve Plastic Products IPO Timelines
13/08/2024
Start Date16/08/2024
End Date20/08/2024
Refund Initiation20/08/2024
Credit of Shares to Demat Ac21/08/2024
Listing DateSolve Plastic Products IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹109,200 |
| Retail Maximum | 1 | 1200 | ₹109,200 |
| S-HNI Minimum | 2 | 2400 | ₹218,400 |
Solve Plastic Products IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 19.47 x | 46.76 x | -- | 34.23 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹102 | ₹107.10 | ₹107.10 | ₹102 |
Solve Plastic Products IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹42.38 | ₹40.49 | ₹-0.15 |
| FY 2022 | ₹55.78 | ₹53.98 | ₹-0.41 |
| FY 2023 | ₹62.25 | ₹58.81 | ₹1.20 |
| FY 2024 (9M) | ₹34.92 | ₹32.16 | ₹1.06 |
About Company
Founded in 1994, Solve Plastic Products Limited is a leading manufacturer of uPVC pipes and Rigid PVC electrical conduits, marketed under the brand name “BALCOPIPES.” The company operates four manufacturing units, three in Kerala and one in Tamil Nadu. The products are widely approved by prestigious organisations such as the Bureau of Indian Standards (BIS), Central Public Works Department (CPWD), Military Engineer Services (MES), and several state public works departments.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1994 | Plastic Products | Sudheer Kumar Balakrishnan |
Know Before Investing
Solve Plastic Products IPO Strengths
- Long-standing customer relationships drive revenue growth and satisfaction.
- Experienced management with over 35 years of industry expertise.
- ISO 9001:2015 and BIS-certified for superior quality assurance.
Solve Plastic Products IPO Risks
- Ongoing legal proceedings may adversely impact business and finances.
- Expansion delays could increase costs and affect growth prospects.
- High inventory levels strain financial resources and cash flow.
Swot Analysis for Solve Plastic Products IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Solve Plastic Products Limited
Door No XIII/690/ABC,
Tholicode, Punalur,
Kollam – 691333
Phone: +91 99956 31001
Email: [email protected]
Website: www.balcopipes.com
IPO Registar Details
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: [email protected]
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
FAQs
The key objectives of Solve Plastic Products IPO are:
- 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
Finshore Management Services Ltd. is the book-running lead managers for the Solve Plastic Products IPO.