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SME IPO Status: Listed [13th Aug 2024 to 16th Aug 2024]
Solve Plastic Products IPO, a SME IPO of ₹11.85 Cr was launced on 13-08-2024 to 16-08-2024 and the shares got listed on NSE SME on 21-08-2024.
The public issue of Solve Plastic Products IPO (BALCO) was offered at ₹91.00 per share and the ipo was listed at ₹102.00. It has delivered listing gain of 12.09%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 13200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 13th Aug 2024 |
| SME IPO Issue Closing Date: | 16th Aug 2024 |
| SME IPO Issue Price: | ₹91.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹11.85 Cr |
| Fresh Issue: | ₹11.85 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 90.22% |
| Promoter Holding Post IPO: | 63.33% |
| Allotment Status: | Allotment Status |
| NSE Code: | BALCO |
Get important updates regarding Solve Plastic Products SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Aug 2024 |
| Refunds Initiation* | 20th Aug 2024 |
| Credit of Shares to Demat* | 20th Aug 2024 |
| SME IPO Listing Date* | 21st Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹91.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹109200 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹218400 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-08-2024 | 91.00 | 7 | 6400 | ₹98 (7.69%) | 21-Aug-2024 10:29 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Solve Plastic Products Limited was incorporated in Oct 1994, the company manufactured a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. Their Company is committed towards constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.
Their company has 3 (three) well-equipped manufacturing facilities in Kerala and 1 (one) well-equipped manufacturing facility in Tamil Nadu. It has the latest technology and equipment that helps produce high-quality uPVC pipes and Electrical Conduits of different sizes.
The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organisations i.e. Central Public Works Department (CPWD) of Chennai & Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. They are registered vendors with government organizations such as Chennai Port Authority and Southern Railway.
At Balco Pipes, they have 4 (four) manufacturing facilities, equipped with an advanced R&D Lab, dedicated towards providing superior quality products. Solve Plastic Products Pipes has been successfully manufacturing and marketing its products under the brand name “Balco Pipes” and is well known for its commitment to quality and service
| Incorporation | Sector | IPO Issue Size | Website |
| 1994 | Plastic Products - Industrial | ₹11.85 Cr | https://www.balcopipes.com/ |
The company intends to utilize the funding for the following objectives:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 618,000 (50%) | 618,000 (50%) | 1,236,000 | |
| 1 | 13th Aug 2024 19:32 | 0.42x | 4.18x | 2.30x |
| 2 | 14th Aug 2024 19:31 | 1.86x | 13.30x | 7.58x |
| 3 | 16th Aug 2024 18:21 | 19.47x | 46.76x | 34.23x |
Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 2,211.53 | 1,874.27 | 1,822.99 | |||||||||||||||||||||||||||
| Revenue | 4,715.73 | 6,225.43 | 5,577.89 | |||||||||||||||||||||||||||
| Profit After Tax | 142.48 | 120.27 | -40.71 | |||||||||||||||||||||||||||
| Net Worth | 438.79 | 192.56 | 72.29 | |||||||||||||||||||||||||||
| Reserves and Surplus | 132.16 | -110.94 | -231.21 | |||||||||||||||||||||||||||
| Total Borrowing | 1,136.42 | 1,053.42 | 1,030.43 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Solve Plastic Products Limited | 4.66 | 14.31 | 19.52 | 32.47 | ||
| Captain Pipes Ltd | 0.27 | 1.73 | 67.81 | 15.61 | ||
| Rungta Irrigation Ltd | 4.47 | 43.6 | 22.34 | 6.5 | ||
| Dutron Polymers Ltd. | 4.08 | 44.05 | 42.97 | 9.26 | ||
| Aik Pipes And Polymers Ltd | 6.69 | 34.46 | 24.12 | 15.56 |
Last Updated on 25-Aug-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Solve Plastic Products SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Solve Plastic Products SME IPO with Zerodha.
Alternate approch to apply in Solve Plastic Products SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Solve Plastic Products SME IPO Review and Important Updates
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To subscribe or apply in Solve Plastic Products SME IPO, you can use the following methods:
| Solve Plastic Products SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Solve Plastic Products SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Solve Plastic Products SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Solve Plastic Products SME IPO. Most of the Syndicate Banks provide access to apply in Solve Plastic Products IPO via ASBA process. You must have your net banking access, DP ID information to apply in Solve Plastic Products SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Solve Plastic Products SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Solve Plastic Products SME IPO Review and Important Updates
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Solve Plastic Products SME IPO is going to be list on 21-08-2024. NSE Code for Solve Plastic Products is BALCO.
Other relevant questions:
When Solve Plastic Products SME IPO will be listing? Solve Plastic Products SME IPO NSE listing date?Solve Plastic Products SME IPO date of listing
Solve Plastic Products SME IPO Allotment Date is 19-08-2024.
Other relevant questions:
Solve Plastic Products SME IPO share allotment date?Solve Plastic Products SME IPO allotment date?
