Ideal Technoplast Industries Limited IPO

Ideal Technoplast Industries IPO includes a fresh issue of 13.25 lakh shares worth INR 16.03 Cr. Funds will be used for capital expenditure and general corporate purposes.

Important Details

Open Date : August 21, 2024 Close Date : August 23, 2024 Allotment Date: August 26, 2024 Listing Date: August 28, 2024

Important Details

IPO Price: INR 121 per share Lot Size: 1000 Shares Total Issue Size: INR 16.03 crores

Fundamental Analysis

Ideal Technoplast Industries IPO shows mixed performance: 1. Revenue increased then decreased. 2. Equity, PAT, EPS, and RoNW improved. 3. Assets grew; liabilities stabilized. 4. Better debt-equity ratio. 5. Falling inventory turnover.

Peer Comparison

Ideal Technoplast: strong profitability and RoNW. Mold-Tek and Time Technoplast : excel in scale, income &  EPS but differ in equity efficiency. TPL Plastech: high P/E reflects growth expectations despite lower profitability.

Objective

Ideal Technoplast Industries IPO Objective: 1. Invest INR 13.63 crores in a new manufacturing unit for small containers. 2. Allocate INR 2.40 crores for general corporate purposes and issue expenses.

Risks And Challenges

Ideal Technoplast Industries IPO Risks: 1. Reliance on Haryana and Gujarat for raw materials. 2. Risk of revenue loss from top 10 customers. 3. Impact of electricity or water shortages on manufacturing.