IPO Details
Bidding Dates
21 Aug '24 - 23 Aug '24
Minimum Investment
₹1,21,000/ 1 Lot (1000 Shares)
Price Range
₹121
Maximum Investment
₹1,21,000/ 1 Lot (1000 Shares)
Retail Discount
To be announced
Issue Size
₹16.03 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 21, 2024
IPO Close Date
Aug 23, 2024
Basis of Allotment
Aug 26, 2024
Initiation of Refunds
Aug 27, 2024
Credit of Shares to Demat
Aug 27, 2024
Listing Date
Aug 28, 2024
Cut-off time for UPI mandate confirmation
Aug 23, 2024
About Ideal Technoplast Industries Limited
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.
Industry Outlook:
- The global rigid plastic packaging market is expected to expand from $218.6 billion in 2022 to $342.8 billion by 2032, with a CAGR of 4.6%, driven by increased demand for durable and efficient packaging solutions across various industries.
- Growing environmental concerns and advances in recycling technologies are boosting the market by enhancing recycling rates and aligning with the increasing consumer preference for eco-friendly packaging options.
- The food and beverage industry, healthcare sector, and e-commerce growth are key drivers of market expansion, highlighting a rising need for secure, durable, and cost-effective packaging solutions tailored to these sectors.
Ideal Technoplast Industries Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To Allocate ₹1,362.76 lakh for enhancing production capabilities, upgrading facilities, and expanding operations to support growth and efficiency.
- Utilise ₹80.49 lakh toward general corporate purposes, including working capital and other operational expenses to maintain smooth business operations.
Peer Details
As per DRHP, the following are the listed peers of Ideal Technoplast Industries Limited:
- Mold-Tek Packaging Limited
- Time Technoplast Limited
- TPL Plastech Limited
How to Check the Allotment Status of the Ideal Technoplast Industries Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Ideal Technoplast Industries Limited IPO
- Registered office: Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B, Madhav Industrial Estate, Vill. Olpad, Ta.Olpad, Surat, Gujarat, India, 394540
- Phone: 0261-2769409
- E-mail: cs@idealtechnoplast.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 1,199.30 | 567.81 | 569.47 |
| Profit After Tax (PAT) (in ₹ lakh) | 50.62 | 10.53 | 9.82 |
| Cash & Cash Equivalents (in ₹ lakh) | 2.78 | 1.27 | 6.21 |
| Net Worth (in ₹ lakh) | 188.60 | 137.98 | 127.45 |
| EBITDA (in ₹ lakh) | 114.03 | 32.64 | 31.41 |
| Return on Capital Employed (RoCE) (%) | 12.09 | 9.05 | 10.20 |
| Return on Equity (ROE) (%) | 26.84 | 7.63 | 7.70 |
| Reserves and Surplus (in ₹ lakh) | 48.95 | (1.67) | (12.19) |
Know before investing
Strengths
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Ideal Technoplast maintains a diversified industrial client portfolio, ensuring continuous production demand, especially in the food and agriculture sectors.
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The company offers a diverse range of rigid plastic packaging solutions, contributing to a stable revenue stream with products for various industries.
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The company leverages advanced manufacturing technologies to enhance production efficiency, reduce costs, and maintain high-quality standards.
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Ideal Technoplast Industries has an in-house design and printing facility, allowing for superior product customisation and a strong brand identity.
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Ideal Technoplast ensures high customer retention with its commitment to excellent service and consistent product quality.
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The company specialises in square packaging, providing durable and reliable containers that cater to heavy and industrial items.
Risks
6-
Ideal Technoplast relies heavily on a few key customers, and losing any significant clients could significantly impact its revenue.
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The company faces risks from high costs associated with new product innovations, potentially reducing customer acceptance and revenue.
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Ideal Technoplast Industries depends on a limited number of states and suppliers for raw materials, making it vulnerable to disruptions in these areas.
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The company does not have long-term supply agreements with vendors, which risks disruptions in raw material supply and impacts business continuity.
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Ideal Technoplast Industries is controlled by its promoters, which might lead to conflicts of interest and affect business decisions and shareholder value.
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The company has unsecured loans from directors repayable on demand, which could strain liquidity and impact financial stability if repayment demands are made.
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Ideal Technoplast Industries IPO FAQs
Ideal Technoplast Industries Limited’s IPO is a fixed price issue IPO. It will be open from August 21, 2024, to August 23, 2024.
The Basis of Allotment will happen on Monday, August 26, 2024.
The IPO subscription window will open on August 21, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1000 shares.
The listing date for Ideal Technoplast Industries Limited is Wednesday, August 28, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
