Solve Plastic Products Ltd IPO

Solve Plastic Products Limited is an ISO 9001:2015 and Bureau of Indian Standards IS 4985:2021, 3419:1988, 9537:Part 3:1983 certified company engaged in manufacturing of comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. Our Company is committed towards constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

Open Demat Account

50years

Solve Plastic Products Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 13.02 LTBA₹ 6.18 L₹ 21.79 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
13 Aug, 2416 Aug, 241200 TBA Fixed Price - SME21 Aug, 24

Solve Plastic Products Ltd IPO Dates

  • 13 Aug 2024

    Opening date

  • 16 Aug 2024

    Closing date

  • 19 Aug 2024

    Basis of
    Allotment

  • 20 Aug 2024

    Initiation of
    Refunds

  • 20 Aug 2024

    Credit of
    Shares

  • 21 Aug 2024

    Listing date

Details

SectorType
SectorPlastics Products
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x01372800
NII17.54x61800010839600
Retail48.23x61800029804400
Employee0x00
Total32.27x130200042016800

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Solve Plastic Products Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations2.222.060.37
EBITDA2.992.891.27
PAT1.421.20-0.41
Total Assets15.5013.2412.61
Share Capital3.073.043.04
Total Borrowings15.2314.6414.19
Operating Activities (Net Cash)2.192.030.49
Investing Activities (Net Cash)-0.890.000.00
Financing Activities (Net Cash)15.2314.6414.19
Net Cashflow0.010.010.02

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Solve Plastic Products Ltd

Our Company was originally incorporated as `Solve Plastic Products Private Limited' on October 04, 1994 under the provision of the Companies Act, 1956 bearing Corporate Identification Number U25209KL1994PTC008231 issued by Registrar of Companies - Ernakulam. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to Solve Plastic Products Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated March 05, 2024 bearing Corporate Identification Number U25209KL1994PLC008231 issued by Registrar of Companies - Central Processing Centre.

The Indian plastic industry is one of the leading sectors in the country's economy. The history of the plastic industry in India dates back to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90% belong to small and medium enterprises. India manufactures various products such as plastics and linoleum, houseware products, cordage, fishnets, floor coverings, medical items, packaging items, plastic films, pipes, raw materials, etc. The country majorly exports plastic raw materials, films, sheets, woven sacks, fabrics, and tarpaulin. The Government of India intends to take the plastic industry from a current level of Rs. 3 lakh crore (US$ 37.8 billion) of economic activity to Rs. 10 lakh crore (US$ 126 billion) in 4-5 years. In FY24 (Until February 2024), India's plastic exports stood at US$ 10.43 billion. During this period, the exports of human hair & related products, medical items, plastic pipes and FRP & composites grew by 12.7%, 8.9%, and 13.8%, respectively, over the same period last year. The cumulative exports of plastics and related materials during 2022-23 were valued at US$ 11.96 billion. This was a 10.4% decrease from the 2021-22 exports valued at US$ 13.35 billion. Plastic raw materials were the largest exported category and constituted 27.76% of the total exports in 2022-23; it recorded a growth of 21.5% over the previous year. Plastic films and sheets were the second largest category, comprising 15.13% of the total exports, but declined by 10.6% over the previous year. In February 2024, the exports of plastics and linoleum from India were valued at US$ 996.9 million. During the same period, medical items of plastics; FRP & composites; packaging items; cordage fishnets & monofilaments and floorcoverings, leathercloth, & laminates recorded strong growth. The cumulative exports for April-February 2024 declined by 4.4% year-on-year (YoY) to US$ 10.43 billion.

Solve Plastic Products Limited is an ISO 9001:2015 and Bureau of Indian Standards IS 4985:2021, 3419:1988, 9537:Part 3:1983 certified company engaged in manufacturing of comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. Our Company is committed towards constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

Peer Comparison:

  • Captain Pipes Ltd
  • Rungta Irrigation Ltd
  • Dutron Polymers Ltd
  • Aik Pipes & Polymers Ltd

Solve Plastic Products Ltd IPO Key Points

Strengths

  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with our customers.
  • Quality Assurance & Control.

Risk

  • The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • If the company is unable to successfully implement its proposed expansion plans; its results of operations and financial condition could be adversely affected.
  • The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

Strategy

  • Expand our Current Business Relationships.
  • Improving operational efficiencies.
  • Optimal Utilization of Resources.
  • Improve capacity utilization.
  • Enhancing existing production and product quality.
  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with our customers.
  • Quality Assurance & Control.

How To Apply for Solve Plastic Products Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Solve Plastic Products Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 13, 2024 and ends on Aug 16, 2024.

The price of Solve Plastic Products Ltd IPO ranges between NA to NA per share.

The Solve Plastic Products Ltd IPO opens on Aug 13, 2024 and closes on Aug 16, 2024.

The allotment for the Solve Plastic Products Ltd IPO will be finalised on Aug 19, 2024. The shares will be listed on BSE and NSE on Aug 21, 2024.

The minimum lot size for Solve Plastic Products Ltd IPO is 1200 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Solve Plastic Products Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Solve Plastic Products Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Solve Plastic Products Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 13, 2024, and closes on Aug 16, 2024. The allotment is finalised on Aug 19, 2024.

To apply for the Solve Plastic Products Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.