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).
Solve Plastic Products IPO – Details
| IPO Opening Date | 13 August 2024 |
| IPO Closing Date | 16 August 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 13,02,000 Shares Worth ₹11.85 Crore Fresh Issue: 13,02,000 Shares Worth ₹11.85 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Integrated Registry Management Services Private Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Solve Plastic Products IPO – Date Schedule
| IPO Open Date | 13 August 2024 |
| IPO Close Date | 16 August 2024 |
| Basis of Allotment | 19 August 2024 |
| Initiation of Refund | 20 August 2024 |
| Credit of Shares to Demat Account | 20 August 2024 |
| IPO Listing Date | 21 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 16, 2024 |
Solve Plastic Products IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,09,200 |
| Retail (Max) | 1 | 1200 | ₹1,09,200 |
| HNI (Min) | 2 | 2,400 | ₹2,18,400 |
Competitive Strengths
- 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
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 55.77 | 53.98 | -0.40 | 10.30 |
| 31 March 2023 | 62.65 | 58.80 | 1.20 | 10.53 |
| 31 March 2024 | 47.15 | 43.49 | 1.42 | 11.36 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 0.23 |
| RoNW | 15.56% |
| P/BV | 6.36 |
| PAT Margin (%) | 9.13 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.92 | 3.24 |
| P/E (x) | 23.2 | 28.12 |
Object Of The Issue
- 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.
Solve Plastic Products IPO Promoter Holding
| Pre Issue Share Holding | 90.22% |
| Post Issue Share Holding | 49.87% |
Solve Plastic Products IPO Prospectus
Company Contact Information
| Solve Plastic Products Limited Door No XIII/690/ABC, Tholicode, Punalur, Kollam – 691333 Phone: +91 99956 31001 Email: cs@balcopipes.com Website: https://www.balcopipes.com/ |
Solve Plastic Products IPO Registrar
| Integrated Registry Management Services Private Limited Phone: 044 – 28140801 to 28140803 Email: smeipo@integratedindia.in Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1 |
Solve Plastic Products IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Solve Plastic Products IPO FAQs
| What is Solve Plastic Products IPO? Solve Plastic Products IPO is a SME IPO. The issue is priced at ₹91 per equity share. The IPO is to be listed on NSE SME. |
| When Solve Plastic Products IPO will open? The IPO is to open on 13 August 2024 for Others and Retail Investors. |
| What is Solve Plastic Products IPO Investors Portion? The investors’ portion for Other – 50%, and Retail – 50%. |
| How to Apply the Solve Plastic Products IPO? You can apply Solve Plastic Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Solve Plastic Products IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Solve Plastic Products IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Solve Plastic Products IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Solve Plastic Products IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Solve Plastic Products IPO Size? Solve Plastic Products IPO size is ₹11.85 Crore. |
| What is Solve Plastic Products IPO Price Band? Solve Plastic Products IPO Price Band is ₹91. |
| What is Solve Plastic Products IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,09,200 amount while the maximum bid is 1200 Shares with ₹1,09,200. |
| What is the Solve Plastic Products IPO Allotment Date? Solve Plastic Products IPO allotment date is 19 August 2024. |
| What is the Solve Plastic Products IPO Listing Date? Solve Plastic Products IPO listing date is 21 August 2024. The IPO is to be listed on BSE SME. |
