IPO Details
Bidding Dates
26 Sept 24 - 30 Sept 24
Price Range ₹
60 - 64
Total Equity
₹ 24.17Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
About Company
Founded: May 2010 Business: Manufactures Recycled Polyester Staple Fiber (R-PSF) and Recycled Pellets Certifications: * ISO 9001:2015 (Quality Management System) * ISO 14001:2015 (Environmental Management System) Business Verticals: * Recycled Fiber: Produces R-PSF from post-consumer PET bottles * Recycled Pellets: Manufactures pellets from recycled PET materials Manufacturing Facility: * Located in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal * Capacity: 8,030 metric tons per annum for fiber, 4,320 metric tons per annum for pellets Employees: Approximately 83 as of August 31, 2024
Year Founded
03-05-2010
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.06 | 69.24 |
| Share Capital | 9905714 | 9905714 |
Offer to Public
37,76,000.00 Cr
Project Details
- Purchase of Plant and Machinery - 170.371cr
Objectives
- To meet out the Capital Expenditure.To meet out the General Corporate Purposes.To meet out the Issue Expenses.
Highlights
- The company's focus on recycling and environmental consciousness aligns with current market trends and sustainability goals.
- Cordial relations with customers demonstrate a commitment to customer satisfaction and loyalty.
- A focus on delivering quality products ensures customer trust and repeat business.
- The company's plans to increase manufacturing capacity and capitalize on the recycled polyester market indicate a growth-oriented approach.
- A commitment to meeting quality standards and customer acquisition efforts demonstrates a focus on operational efficiency and market expansion.
Challenges
- The company's reliance on a single manufacturing location and dependence on a limited number of key customers expose it to significant operational and financial risks.
- Ongoing legal proceedings and potential regulatory non-compliance could harm the company's reputation and financial performance.
- A history of negative cash flows and potential working capital challenges indicate financial fragility.
- Changes in technology and potential disruptions in the industry could impact the company's competitiveness and profitability.
- The company's operational inefficiencies, as evidenced by underutilized facilities and record-keeping issues, could hinder its growth and profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,767.74 | 500.00 | 52.91 | 52.91 | 0.5388 |
| 2023 | 1,938.64 | 500.00 | 52.91 | 52.91 | 0.5388 |
| 2021 | 2,081.18 | 500.00 | 52.91 | 52.91 | 0.5388 |
| 2024 | 2,412.11 | 526.54 | 237.80 | 237.80 | 2.2581 |
