Ideal Technoplast Industries Ltd

Ideal Technoplast Industries Ltd IPO

IPO Price Range: ₹121 - 121

Ideal Technoplast Industries Limited stands as a prominent manufacturer and supplier of rigid plastic packaging. The Company also exports globally (indirectly through export houses and third parties). The Company provides industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. Its Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant along with In-House Design & Printing Technology and it has specialization in manufacturing square packaging containers, known for their ruggedness, durability and ease of handling heavy items, has positioned it as a trusted and recognized player in the market. The Company has also developed innovative Ideal Eco Tiles and Ideal Eco Basin, not only eliminating plastic but also enhancing aesthetics to enrich the surroundings.

Min Investment

₹1,21,000

IPO Size

₹16 Cr

IPO Status

Closed

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Ideal Technoplast Industries Ltd

Open Date21 Aug 2024
Close Date23 Aug 2024
Allotment Date26 Aug 2024
Listing Date28 Aug 2024

Key Statistics

Bid Opening DateBid Opening Date21 Aug 2024
Bid Closing DateBid Closing Date23 Aug 2024
Allotment DateAllotment Date26 Aug 2024
Issue SizeIssue Size₹16.03Cr
Quantity in 1 lotQuantity in 1 lot1000

Strength and risks

Strength

Strength

  • Experienced Promoter and Management Team.

  • Diversified Range of rigid plastic packaging solutions.

  • Advanced Manufacturing Technologies.

  • Automated Precision.

  • High Customer Retention.

  • Specialization in Square Packaging.

  • In-House Design and Printing Technology.


Risk

Risk

  • The companys business is substantially dependent on its key customers from whom the company derives a significant portion of its revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.

  • The Company is dependent on few States. Loss of any of this large States may affect its business operations.

  • The Company is dependent on few numbers of suppliers for purchase of raw material. Loss of any of this large Suppliers may affect its business operations.

  • The Company are majorly dependent on two states i.e. Haryana and Gujarat for purchase of raw material. In case of uncertainties and adverse developments in these states can affect the business of the companys ability to procure raw materials and to carry on the business.

  • The company will continue to be controlled by its Promoters and certain related entities after the completion of the Issue.

  • The company has to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.

  • There are no long-term supply agreements with its vendors/suppliers. The companys Business may be adversely affected if there is any disruption in the raw material supply or due to non-availability of raw material.

  • The companys business is dependent on its continuing relationships with the company clients, with whom the company has not entered into long term arrangements.

  • Increase in the prices of its raw material may have an adverse effect on the companys business.

  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

Promoters Holding

Investors Holdings %
Prafulbhai Karshanbhai Vaghasi18%
Vaishnaviben Prafulbhai Vaghas11.34%
Vipulbhai Dulabhai Mendapara15%
Mitulaben Vipulbhai Mendapara13.33%
Gauravbhai Chhaganbhai Gopani15%

About Ideal Technoplast Industries Ltd

OrganisationIdeal Technoplast Industries Ltd
HeadquartersSurat
IndustryPackaging

Frequently Asked Questions

  • What is the size of the Ideal Technoplast Industries Ltd IPO?

    The size of the Ideal Technoplast Industries Ltd IPO is ₹16.03Cr .

  • What is 'pre-apply' for Ideal Technoplast Industries Ltd IPO?

    'Pre-apply' for Ideal Technoplast Industries Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Ideal Technoplast Industries Ltd IPO order be placed?

    Your Ideal Technoplast Industries Ltd IPO order will be placed on 21 Aug 2024.

  • What are the open and close dates of the Ideal Technoplast Industries Ltd IPO?

    The open and close dates of the Ideal Technoplast Industries Ltd IPO are 21 Aug 2024 to 23 Aug 2024.

  • What is the lot size and minimum order quantity of the Ideal Technoplast Industries Ltd IPO?

    The lot size and minimum order quantity of the Ideal Technoplast Industries Ltd IPO are 1000 and 1000 respectively.

  • What would be the listing gains on the Ideal Technoplast Industries Ltd IPO?

    The potential listing gains on the Ideal Technoplast Industries Ltd IPO will depend on various market factors and cannot be predicted with certainty.