IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size14,30,000 shares (aggregating up to ₹7.87 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 02 Nov 2022
Subscription CloseMon, 07 Nov 2022
Anchor AllotmentTue, 01 Nov 2022
Basis of AllotmentFri, 11 Nov 2022
Initiation of RefundsMon, 14 Nov 2022
Credit of Shares to DematTue, 15 Nov 2022
Listing DateWed, 16 Nov 2022
UPI Mandate Deadline2022-11-07
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 2,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 4,000 shares
P/E Ratio (Pre-IPO)10.54x
Net Offer to Public13,58,500 shares (aggregating up to ₹7.47 Cr)
Reserved for Market Maker71,500 shares (aggregating up to ₹0.3933 Cr)
Pre-IPO Promoter Holding39,70,000 shares
Post-IPO Promoter Holding54,00,000 shares
About Technopack Polymers Ltd.
Incorporated in 2018, Technopack Polymers Limited manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the "TECHNOPET" brand name. The Company also manufactures high-quality CCM CAP.Technopack Polymers Limited's product portfolio includes PET Polyethylene Terephthalate (PET Preforms are used by customer companies for the packaged drinking water industry, Carbonated Soft Drinks etc.), and Cap-Closure is made by HDPE plastic granules.The Company has fully automatic machines for the manufacture of PET Preform & Cap Closure at Rajkot, Gujarat.Strengths :Factory & Manufacturing Process.Storage of Raw material.Slitting and Folding.Counting & Packing.Customers & Marketing Set-Up.Experienced Promoters and a well-trained employee base.
Objects of the Issue
Technopack Polymers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 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)
6.38
2
2 Working Capital Requirement
0.74
3
3 General Corporate Purpose
0.25
Shareholding & Lock-in
Pre-IPO Promoter Holding
39,70,000 shares
Post-IPO Promoter Holding
54,00,000 shares