Polymac Thermoformers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,040,000 (47%) | — | ₹364 Cr |
| Retail | — | 1,040,000 (47%) | — | ₹364 Cr |
| Market Maker | — | 120,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 2,200,000 (100%) | — | ₹7,700 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹140,000 |
| Retail (Max) | 13 | 52,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 268,000 | ₹9,380,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Capital Expenditure on Existing Manufacturing Capacity – 4.00
- 2 Meet the margin for working capital requirement – 2.00
- 3 Brand Building & General Corporate purposes – 1.10
- 4 Issue Expenses – 0.60
Company Overview
Incorporated in 1999, Polymac Thermoformers Ltd is engaged in the business of manufacturing disposable plastic products such as plastic glasses, cups, bowls.
These disposable plastic utensils are manufactured by thermoforming technique and are increasingly used in Ice-cream industry, hotels, restaurants, canteens, etc. against conventional glass-wares or ceramic cups. Company's manufactured disposable cups, glasses are mainly used for food items and are made out of polypropylene or polystyrene sheets.
Company's manufacturing produce is sold to wholesalers and some of the major customers are Maa Mansa Age, A.H. Printers, Varun Traders, B.P.L. Dumka, Bola Store, J.P. Plastic, Sushil Kumar Kundu, Magleshwar Mahadev Store, Komal Devi Mukesh Kumar Co. and Aditya Sales Agency.