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Technopack Polymers IPO Detail

Technopack Polymers IPO Detail

The IPO for Technopack Polymers begins on November 2, 2022 and ends on November 7, 2022. Founded in 2018. The company produces high-quality PET preforms under the “TECHNOPET” brand name on a 48-cavity state-of-the-art Milacron machine and ACME mould.The company also manufactures high-quality CCM CAPs.
Technopack Polymers Limited’s product portfolio includes

  • PET (Polyethylene Terephthalate) Preforms are used by customer companies for the packaged drinking water industry, carbonated soft drinks, etc., and
  • Cap-Closure is made of HDPE plastic granules.

Objects of issue

  • Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures (Compression moulding machine fully equipped with all ancillaries).
  • Additional Working Capital Requirement
  • General corporate purposes.

Financial Highlights

ParticularsAs of July 31, 2022FY 2021-22FY 2020-21FY 2019-20
Share Capital 397100100100
Reserves & Surplus 382.31200.37(0.46)(2.37)
Net-Worth 779.31300.3799.5497.63
Total Assets1183.82926.29585.73357.87
Total Revenue 481.79998.18577.56319.75
Profit After Tax 93.94210.831.913.80
Earnings Per Share
Basic & Diluted (Post Bonus) (In Rs)3.4121.080.190.38
Net Asset Value Per Share (`in lakhs) – Based on actual no. of equity shares at the end of the year19.63 30.049.959.76
Total Borrowings 160.56270.78328.98257.36
(Rs in Lakhs)

Technopack Polymers IPO: Detail

Issue TypeFixed Price Issue IPO
IPO PriceRs 55 per share
Face ValueRs 10 per share
Market Lot2000 shares
Issue Size14,30,000 shares of Rs 10 (aggregating up to Rs 7.87 Crore)
Fresh Issue14,30,000 shares of Rs 10 (aggregating up to Rs 7.87 Crore)
NII (HNI) Shares Offered50% of the net offer
Retail shares offered50% of the net offer
Listing AtBSE SME
PromotersMr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya

Important dates for Technopack Polymers IPO

IPO opens onNov 2, 2022
IPO closes onNov 7, 2022
Basis of Allotment publication dateNov 11, 2022
Credit of shares to Demat AccountNov 15, 2022
Initiation of RefundNov 14, 2022
IPO listingNov 16, 2022

Technopack Polymers IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)12,000Rs 1,10,000
Retail (Max)12,000Rs 1,10,000

Technopack Polymers IPO: Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.51%

Technopack Polymers IPO: SWOT Analysis

SRENGHTH

  1. Strong presence in Indian as well as Global Market:
  2. Product Acceptability: SACMI closures are approved and are in demand by all beverages leaders viz. Coca-Cola, PEPSI, Bisleri, AMUL etc.

OPPORTUNITY

  1. The company is to import new machinery from overseas which will enhance the capacity of manufacturing of the company to Four-Fold.

WEAKNESS

  1. Extensive dependency on third party suppliers.
  2. Company business is subject to season volatility due to packaged mineral water and soft drinks sales in summer and winter seasons.

THREADS

  1. Concerns over Plastic Ban and Environment for packaged water bottles: They use i) PET (Polyethylene Terephthalate) for producing ‘PET Preforms’ and ii) HDPE (High Density Polyethylene) for producing ‘Bottle Caps’ as Raw Materials. Both of these materials are one of the safest plastics and can be recycled very easily. Therefore, not likely to be banned, however if in future any restriction on the use of recyclable PET and HDPE products for packing may adversely affect their business.
  2. Changes in technology may render company current technologies obsolete or require us to make substantial capital investments.
  3. Environmental and safety regulations impose additional costs and may affect Company’s results of operations.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAddress: M/s. Gokul Industries, Rafaleshvar Industrial Estate,
Near Rafaleshvar Rly. Track, Morbi, Jambudiya, Dist. Rajkot – 363642.
Tel No: +91- 9099070066
Email: [email protected]
Website: www.technopackltd.com
IPO RegistrarBIGSHARE SERVICES PVT. LTD.
1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 62638200 Fax: +91 22 62638299
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Manager(s)ISK ADVISORS PRIVATE LIMITED

FAQ’s

Technopack Polymers IPO lot size is 2000 Shares and the minimum order quantity is one lot of 2000 shares of Rs 1,10,000.

On Nov 11, 2022 is the date of IPO allotment.

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