Ideal Technoplast Industries Ltd IPO

Ideal Technoplast Industries Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 (Partnership Act) in the name and style of Ideal Technoplast Industries, pursuant to a deed of partnership dated 24th August, 2012. Thereafter Ideal Technoplast Industries was converted from Partnership Firm to a Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of Ideal Technoplast Industries Limited and received a certificate of incorporation dated 23rd November, 2023 issued by the Registrar of Companies, Ahmedabad. As on date of this Draft Prospectus the Corporate Identification Number of the Company is U22203GJ2023PLC146444.

The plastic containers industry plays a crucial role in the packaging sector, offering versatile and durable solutions for various applications across different industries. Plastic containers are widely used for packaging, storing, and transporting a wide range of products, including chemicals, paints, construction materials, oils, agrochemicals, dairy products, adhesives, food items, lubricants, and inks. As a result, the demand for plastic containers is driven by diverse end-user industries, each with its unique requirements and specifications. In recent years, the Indian plastic containers industry has experienced robust growth, buoyed by several factors, including population growth, urbanization, rising disposable incomes, and changing consumer preferences. According to industry reports, the Indian packaging industry is expected to witness significant expansion, reaching a market size of USD 72.6 billion by 2025, with plastic packaging accounting for a substantial share of the market. The Make in India initiative, launched by the Government of India in 2014, has further catalyzed the growth of the manufacturing sector, positioning India as a global manufacturing hub.

Ideal Technoplast Industries Limited stands as a prominent manufacturer and supplier of rigid plastic packaging. The Company also exports globally (indirectly through export houses and third parties). The Company provides industrial packaging solutions catering to various sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil. Its Surat facility spans multiple stories, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant along with In-House Design & Printing Technology and it has specialization in manufacturing square packaging containers, known for their ruggedness, durability and ease of handling heavy items, has positioned it as a trusted and recognized player in the market. The Company has also developed innovative Ideal Eco Tiles and Ideal Eco Basin, not only eliminating plastic but also enhancing aesthetics to enrich the surroundings.