IPO Details
Bidding Dates
21 Aug 24 - 23 Aug 24
Price Range ₹
121 - 0
Total Equity
₹ 16.03Cr
Lot Size
1000
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
21 Aug 2024
Offer end
23 Aug 2024
Allotment
26 Aug 2024
Refund initiation
27 Aug 2024
Demat transfer
27 Aug 2024
Listing
28 Aug 2024
Offer start
21 Aug 2024
Offer end
23 Aug 2024
Allotment
26 Aug 2024
Refund initiation
27 Aug 2024
Demat transfer
27 Aug 2024
Listing
28 Aug 2024
About Company
Founded in 2012, Ideal Technoplast Industries Limited specializes in manufacturing rigid plastic packaging, catering to both domestic and international markets (indirectly through export companies and third parties). Ideal Technoplast provides industrial packaging solutions, including round and square containers, twist containers, and bottles, serving industries such as paints, agriculture, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. The company is equipped with advanced manufacturing technologies, including in-house design and printing capabilities. Its production facility in Surat covers a multi-story area of 20,000 square feet and features state-of-the-art technology, including a fully automated production line. As of March 31, 2024, Ideal Technoplast Industries Limited employs a total of 28 people.
Year Founded
23-11-2023
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.5 |
| Share Capital | 3675000 | 3675000 |
Offer to Public
13,25,000.00 Cr
Project Details
- To Meet Capital Expenditure - 136.27cr
- General Corporate Purpose - 8.05cr
Objectives
- To Meet Capital Expenditure.General Corporate Purpose.
Highlights
- The company is backed by a seasoned promoter and a highly skilled management team, ensuring strategic leadership and operational excellence. Their expertise plays a crucial role in driving innovation, efficiency, and long-term growth.
- The company offers a broad range of rigid plastic packaging solutions, catering to various industries. This diversity not only meets the unique needs of different sectors but also positions the company as a one-stop shop for its customers, leading to a higher fulfillment ratio and customer satisfaction.
- Equipped with state-of-the-art manufacturing technologies and robotic automation, the company ensures high precision and quick service. This technological edge allows for efficient production processes and helps maintain a competitive advantage in the market.
- With a strong focus on customer retention, the company has built lasting relationships with its clients. It specializes in square packaging and uses in-house design and printing technology, offering unique and innovative solutions that give it an edge over competitors.
- The company has adopted several quality certifications, including ZED (Zero Defect Zero Effect), SA 8000 (Social Accountability 8000), and EPR (Extended Producer Responsibility). These certifications enhance brand credibility and facilitate entry into the MNC and export markets. Additionally, the company is actively building an international distributor network to expand its global reach.
Challenges
- The company heavily relies on a small number of key customers for a significant portion of its revenue. The loss of any major client could severely impact its business and financial performance. Similarly, the company is dependent on a limited number of suppliers for raw materials, particularly in Haryana and Gujarat. Any disruptions or adverse developments in these regions could hinder the company's ability to procure necessary materials and continue operations.
- The company’s operations are largely dependent on a few key states, such as Haryana and Gujarat, for the procurement of raw materials. Any adverse events or uncertainties in these regions could negatively affect the company’s supply chain and overall business operations. Additionally, the absence of long-term supply agreements with vendors heightens the risk of supply disruptions.
- Even after the completion of the IPO, the company will remain under the control of its Promoters and certain related entities. This concentration of control may limit the influence of new investors and could affect corporate governance and decision-making processes.
- The company has not secured alternative arrangements for meeting its capital requirements for the objectives of the issue. Additionally, it has not identified any backup sources of financing. Any shortfall in raising the required funds could adversely impact the company’s growth plans, operations, and financial performance.
- The company’s business is sensitive to fluctuations in raw material prices, which could negatively affect its profitability. Moreover, the company’s insurance coverage may not fully protect it against certain operational risks, potentially leading to financial losses if unforeseen events occur.
