Solve Plastic Products Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 618,000 (47%) | — | ₹562 Cr |
| Retail | — | 618,000 (47%) | — | ₹562 Cr |
| Market Maker | — | 66,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 1,302,000 (100%) | — | ₹11,848 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 | 1,200 | ₹109,200 |
| Retail (Max) | 13 | 15,600 | ₹1,419,600 |
| S-HNI (Min) | 14 | 16,800 | ₹1,528,800 |
| B-HNI (Min) | 67 | 80,400 | ₹7,316,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 4,716 | 6,225 | 5,578 |
| Profit After Tax | 142 | 120 | -41 |
| Net Worth | 439 | 193 | 72 |
| Total Assets | 2,212 | 1,874 | 1,823 |
| Reserves & Surplus | 132 | -111 | -231 |
| Total Borrowing | 1,136 | 1,053 | 1,053 |
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
- Funding Capital Expenditure towards the purchase of additional plant and machinery –
- To meet the Working Capital Requirements –
- To meet the Issue Expenses –
- General Corporate Purposes –
Company Overview
Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES"
The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.
The company's product portfolio includes:
- Solvent cement
- Water tank
- Garden hoses
- Rigid PVC electrical cables PVC pipes
The company has a total of 165 employees (excluding the managing directors).