Solve Plastic Products Ltd
Price Range
₹91
-
Min. Quantity
1,200
Closes on
16 August 2024
-
Min. investment
₹1,09,200/1,200 Shares
Solve Plastic Products Ltd IPO Timeline
Solve Plastic Products Limited was originally incorporated as Solve Plastic Products Private Limited' on October 04, 1994 issued by Registrar of Companies, Ernakulam. Subsequently, Company converted into Public Limited and the name was changed to 'Solve Plastic Products Limited' vide a fresh Certificate of Incorporation dated March 05, 2024 issued by Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Solve Plastic Products Ltd IPO Opening Date | 13 August 2024 |
| Solve Plastic Products Ltd IPO Closing Date | 16 August 2024 |
| Basis of Allotment | 19 August 2024 |
| Initiation of Refunds | 20 August 2024 |
| Credit of Shares to Demat | 20 August 2024 |
| Solve Plastic Products Ltd IPO Listing Date | 21 August 2024 |
Solve Plastic Products Ltd IPO Details
| Solve Plastic Products Ltd IPO Date | 13 August 2024 to 16 August 2024 |
| Solve Plastic Products Ltd IPO Face Value | ₹10 per share |
| Solve Plastic Products Ltd IPO Price | ₹91 to ₹0 per share |
| Solve Plastic Products Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹11.85 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹11.85 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sudheer Kumar Balkrishnan Nair, Susil Balakrishnan Nair, Balakrishnan Nair |
Solve Plastic Products Ltd IPO Lot Size
The Solve Plastic Products Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,09,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,09,200 |
| Maximum | 1 | 1,200 | ₹1,09,200 |
- Strengths
- Risks
- Opportunities
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Company Financials
Solve Plastic Products Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 22.12 | 47.16 | 1.42 |
| 03-2023 | 18.74 | 62.25 | 1.20 |
| 03-2022 | 18.23 | 55.78 | -0.41 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards purchase of additional plant and machinery
- Working capital requirements
- General Corporate Purposes
Solve Plastic Products Ltd IPO Promoter Holding
| Pre Issue Share Holding | 58.27% |
| Post Issue Share Holding | 40.9% |
Solve Plastic Products Ltd IPO Subscription Status (Bidding Detail)
The Solve Plastic Products Ltd IPO is subscribed 0 times on 16 August 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Solve Plastic Products Ltd IPO Prospectus
Solve Plastic Products Ltd IPO Listing Date
| BSE Script | 93132 |
| NSE Symbol | BALCO |
| Listing In | NSE - SME |
| ISIN | INE0U0201016 |
| IPO Price | ₹91 |
| Face Value | ₹10 |
Company Contact Information
Door No.XIII/690/ABCTholicode Punalur,Kollam-691333
Phone: +91 99956 31001
Email: cs@balcopipes.com
Website: www.balcopipes.com
Solve Plastic Products Ltd IPO Registrar
Solve Plastic Products Ltd IPO Lead Manager(s)
- Finshore Management Services Ltd
FAQ
What is the issue size of Solve Plastic Products Ltd IPO?
I have pre-applied for Solve Plastic Products Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.