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
| Particulars | As of July 31, 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Share Capital | 397 | 100 | 100 | 100 |
| Reserves & Surplus | 382.31 | 200.37 | (0.46) | (2.37) |
| Net-Worth | 779.31 | 300.37 | 99.54 | 97.63 |
| Total Assets | 1183.82 | 926.29 | 585.73 | 357.87 |
| Total Revenue | 481.79 | 998.18 | 577.56 | 319.75 |
| Profit After Tax | 93.94 | 210.83 | 1.91 | 3.80 |
| Earnings Per Share | ||||
| Basic & Diluted (Post Bonus) (In Rs) | 3.41 | 21.08 | 0.19 | 0.38 |
| Net Asset Value Per Share (`in lakhs) – Based on actual no. of equity shares at the end of the year | 19.63 | 30.04 | 9.95 | 9.76 |
| Total Borrowings | 160.56 | 270.78 | 328.98 | 257.36 |
Technopack Polymers IPO: Detail
| Issue Type | Fixed Price Issue IPO |
| IPO Price | Rs 55 per share |
| Face Value | Rs 10 per share |
| Market Lot | 2000 shares |
| Issue Size | 14,30,000 shares of Rs 10 (aggregating up to Rs 7.87 Crore) |
| Fresh Issue | 14,30,000 shares of Rs 10 (aggregating up to Rs 7.87 Crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
| Listing At | BSE SME |
| Promoters | Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya |
Important dates for Technopack Polymers IPO
| IPO opens on | Nov 2, 2022 |
| IPO closes on | Nov 7, 2022 |
| Basis of Allotment publication date | Nov 11, 2022 |
| Credit of shares to Demat Account | Nov 15, 2022 |
| Initiation of Refund | Nov 14, 2022 |
| IPO listing | Nov 16, 2022 |
Technopack Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs 1,10,000 |
| Retail (Max) | 1 | 2,000 | Rs 1,10,000 |
Technopack Polymers IPO: Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Technopack Polymers IPO: SWOT Analysis
SRENGHTH
- Strong presence in Indian as well as Global Market:
- Product Acceptability: SACMI closures are approved and are in demand by all beverages leaders viz. Coca-Cola, PEPSI, Bisleri, AMUL etc.
OPPORTUNITY
- The company is to import new machinery from overseas which will enhance the capacity of manufacturing of the company to Four-Fold.
WEAKNESS
- Extensive dependency on third party suppliers.
- Company business is subject to season volatility due to packaged mineral water and soft drinks sales in summer and winter seasons.
THREADS
- 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.
- Changes in technology may render company current technologies obsolete or require us to make substantial capital investments.
- Environmental and safety regulations impose additional costs and may affect Company’s results of operations.
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Address: 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 Registrar | BIGSHARE 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
What is the lot size of Technopack Polymers IPO?
Technopack Polymers IPO lot size is 2000 Shares and the minimum order quantity is one lot of 2000 shares of Rs 1,10,000.
When Technopack Polymers IPO allotment?
On Nov 11, 2022 is the date of IPO allotment.
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