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Ideal Technoplast Industries Marks Strong Market Debut with 9.25% Premium on NSE SME

Ideal Technoplast Industries had a successful market debut on August 28, with shares listing at ₹132.10 on NSE SME, a 9.25% premium over the issue price of ₹121.
Ideal Technoplast Industries Marks Strong Market Debut with 9.25% Premium on NSE SME

Ideal Technoplast Industries had a solid market debut on August 28, with its shares listing at ₹132.10 on NSE SME, marking a 9.25% premium over the issue price of ₹121.

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The ₹16.03 crore SME IPO, open from August 21 to August 23, 2024, saw robust demand, with subscriptions 116.75 times the offer. Bids totaled 14.68 crore shares versus 12.58 lakh available, with the Retail Investor category subscribed 115.57 times and ‘others’ 108.49 times.

The company specializes in rigid plastic packaging, serving various sectors including paints, agro, and food. Its Surat facility, covering 20,000 sq. ft., features advanced automation and In-Mould Labelling (IML). With over 12 years of experience, the promoters emphasize innovation and high-quality manufacturing, supported by specialized units for production, R&D, quality control, and screen printing.

Ideal Technoplast Industries Limited’s IPO aims to utilize the proceeds for capital expenditure and general corporate purposes.

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