Ideal Technoplast Industries is launching an IPO with a fresh issue of 13,25,000 shares worth INR 16.03 crores. The company aims to meet its capital expenditure and general corporate purposes.
Ideal Technoplast Industries Limited IPO – Important Dates
| Ideal Technoplast Industries Limited IPO Date | August 21, 2024 to August 23, 2024 |
| Ideal Technoplast Industries Limited IPO Listing Date | August 28, 2024 |
| Ideal Technoplast Industries Limited IPO Price | INR 121 per share |
| Ideal Technoplast Industries Limited IPO Lot Size | 1000 Shares |
| Ideal Technoplast Industries Limited IPO Total Issue Size | INR 16.03 crores |
| Ideal Technoplast Industries Limited IPO Basis of Allotment | August 26, 2024 |
| Ideal Technoplast Industries Limited IPO Initiation of Refunds | August 27, 2024 |
| Ideal Technoplast Industries Limited IPO Credit of Shares to Demat | August 27, 2024 |
| Ideal Technoplast Industries Limited IPO Issue Type | Fixed Price Issue |
| Ideal Technoplast Industries Limited IPO Listing At | NSE SME |
Ideal Technoplast Industries Limited IPO – Company Profile
The company is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets (indirectly through export houses and third parties). The company provides industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.
The surat facility spans multiple floors, covering an area of 20,000 sq. ft., and features advanced technology, including a fully automated plant. The company employs In-Mould Labelling (IML) via robotic automation that enhances the output capacity. Additionally, it has
specialized units for production, R&D, quality control, and automated screen printing.
The promoters of the company have a collective experience spanning over 12 years, focusing on innovation and manufacturing diverse plastic packaging products. The manufacturing facility is fully automated, enabling us to deliver products with high-quality finishes that meet market expectations.
Ideal Technoplast Industries Ltd IPO Fundamental Analysis
Ideal Technoplast’s revenue initially increased but later decreased. Equity and PAT grew significantly, with improved EPS and RoNW. Assets expanded, liabilities stabilized, and the debt-equity ratio improved. Inventory turnover fell.
- Revenue: The company’s revenue increased from ₹567.81 lakhs in March 2022 to ₹1,199.30 lakhs in March 2023 but then decreased to ₹910.86 lakhs by February 2024.
- Equity: Equity has shown consistent growth, from ₹188.60 lakhs in March 2022 to ₹743.07 lakhs by February 2024. This increase in equity is a positive sign, indicating that the company is successfully expanding its capital base.
- Expenses: Expenses have grown along with revenue but at a slightly slower rate, particularly in the latest period. This suggests the company is managing costs effectively, contributing to the increase in profitability.
- Profit and Loss After Tax (PAT): PAT has grown significantly from ₹10.53 lakhs in March 2022 to ₹135.40 lakhs by February 2024. This sharp increase reflects improved profitability and operational efficiency.
- Diluted EPS: The Earnings Per Share (EPS) has seen substantial growth from ₹0.75 in March 2022 to ₹9.65 by February 2024, indicating an increase in profitability on a per-share basis.
- Return on Net Worth (RoNW): RoNW has improved dramatically from 7.63% in March 2022 to 43.95% by February 2024, suggesting that the company is generating higher returns on its equity.
- NAV per Equity Share: The Net Asset Value (NAV) per share has increased from ₹9.88 in March 2022 to ₹20.22 by February 2024, reflecting the growth in the company’s asset base relative to its liabilities.
- Total Assets and Total Liabilities: Total assets have grown significantly from ₹356.78 lakhs in March 2022 to ₹1,508.51 lakhs by February 2024, while total liabilities initially increased but then stabilized. The increase in assets suggests growth, though the company’s liabilities need careful management.
- Debt-Equity Ratio: The debt-equity ratio peaked at 4.07 in March 2023, indicating high leverage at that time, but improved to 1.03 by February 2024. This reduction in leverage is a positive development, signaling better debt management.
- Current Ratio: The current ratio has remained relatively stable, hovering around 1.25 to 1.36, indicating that the company has maintained its ability to cover short-term liabilities with its short-term assets.
- Inventory Turnover Ratio: The inventory turnover ratio has decreased from 5.13 in March 2022 to 1.82 by February 2024, which may indicate slowing inventory movement or potential challenges in sales, requiring closer scrutiny.
Ideal Technoplast Industries Limited IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 29 February 2024 |
| Revenue (₹ in lakhs) | 567.81 | 1199.30 | 910.86 |
| Equity (₹ in lakhs) | 188.60 | 379.81 | 743.07 |
| Expenses (₹ in lakhs) | 559.07 | 1148.45 | 763.68 |
| Profit and Loss After Tax (₹ in lakhs) | 10.53 | 50.62 | 135.40 |
| Diluted EPS only (₹) | 0.75 | 3.63 | 9.65 |
| Return on Net Worth (%) | 7.63 | 26.84 | 43.95 |
| NAV per Equity Share (₹) | 9.88 | 13.51 | 20.22 |
| Total Assets (in lakhs) | 356.78 | 978.00 | 1508.51 |
| Total Liabilities (in lakhs) | 128.80 | 789.40 | 765.44 |
| Debt Equity Ratio | 1.59 | 4.07 | 1.03 |
| Current Ratio (in times) | 1.34 | 1.25 | 1.36 |
| Inventory Turnover Ratio | 5.13 | 4.65 | 1.82 |
Ideal Technoplast Industries Limited IPO Peer Comparison
Ideal Technoplast demonstrates solid profitability with a strong RoNW, Mold-Tek, and Time Technoplast lead in scale, income, and EPS, though with different equity efficiency. TPL Plastech, with its high P/E, suggests market expectations of growth despite lower profitability metrics.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Ideal Technoplast Industries Limited | 1,199.79 | 10 | 33.33 | 3.63 | 26.84 | 13.51 |
| Mold-Tek Packaging Limited | 73,130.11 | 5 | 34.41 | 24.40 | 14.40 | 168.46 |
| Time Technoplast Limited | 4,29,319.00 | 1 | 28.38 | 9.69 | 9.61 | 102.92 |
| TPL Plastech Limited | 27,184.24 | 2 | 46.82 | 2.06 | 13.89 | 14.79 |
Ideal Technoplast Industries Ltd IPO Objective
The main objectives of Ideal Technoplast Industries IPO are to invest INR 13.63 crores in a new manufacturing unit targeting small containers for dairy and ice cream and allocate INR 2.40 crores for general corporate purposes and issue expenses.
- Funding Capital Expenditure towards new manufacturing unit: The Company is planning to target a new segment of small containers used in dairy products and ice cream and also to meet the demand of the customers as quickly as the company can by establishing a new manufacturing facility. The company plans to utilise INR 13.63 crores from the funds raised for this purpose.
- General Corporate and Issue Expense Purpose: The company will allocate the balance funds INR 2.40 crores to general corporate goals, including strategic initiatives, brand building, addressing unforeseen contingencies, and other purposes to support overall business growth and operations.
Ideal Technoplast Industries Limited IPO Risks And Challenges
Ideal Technoplast Industries’ risks include heavy reliance on Haryana and Gujarat for raw materials, potential revenue loss from top 10 customers, and adverse effects from electricity or water shortages on manufacturing operations.
- The company is majorly dependent on 2 states- Haryana and Gujarat for its purchase of raw materials. In case of uncertainties and adverse developments in these states can affect the business of the company’s ability to procure raw materials and to carry on the business.
- The top 10 customers contribute almost 48% of the total revenue of the company. The loss of any significant clients may have a material and adverse effect on the business and results of operations.
- A shortage or non-availability of electricity or water may adversely affect the manufacturing operations and harm the business, results of operations, and financial conditions.
Ideal Technoplast Industries Ltd IPO – Industry & Market Potential
The India Rigid Plastic Packaging market segmentation, based on material, includes PE, PET, PS, PP, PVC, EPS, Bioplastics, and Others. The PE segment dominated the market mostly. Heat sealing and vapor resistance are two features of polyethylene, a leak-proof polymer. It costs less and is quite lightweight. The segment’s growth is further aided by other advantages such as the high durability and ease of recycling.
Major players in the rigid plastic packaging market are attempting to increase market demand by investing in research and development operations, including Pearl Polymers Limited, Time Technoplast Ltd., Sintex Plastics Technology Limited, Mold-Tek Packaging Limited, Hitech Corporation Limited, Manjushree Technopack Limited, Parekhplast India Limited, Amcor Rigid Plastics India Private Limited, EPL Limited, and other prominent players.
Ideal Technoplast Industries Limited IPO – Type of Offer
Ideal Technoplast Industries is launching an IPO featuring a fresh issue of 13.25 lakh shares valued at INR 16.03 crores. The company plans to use the proceeds for capital expenditure and general corporate purposes.
Ideal Technoplast Industries Limited IPO Offer Size
The offer size for Ideal Technoplast Industries’ IPO is INR 16.03 crores, with a fresh issue of 13.25 lakh shares. The company aims to utilize the proceeds for capital expenditure and general corporate purposes.
Ideal Technoplast Industries Limited IPO Allotment Structure
Ideal Technoplast Industries IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 67,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 67,000 shares for this purpose.
How to apply for the Ideal Technoplast Industries Limited IPO?
To apply for the Ideal Technoplast Industries IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Ideal Technoplast Industries IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Ideal Technoplast Industries IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Ideal Technoplast Industries Limited IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Ideal Technoplast Industries IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Ideal Technoplast Industries IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Ideal Technoplast Industries IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Ideal Technoplast Industries IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Ideal Technoplast Industries Ltd IPO Offer Registrar
The registrar for the Ideal Technoplast Industries IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri – East, Mumbai – 400093
Website: www.bigshareonline.com
Ideal Technoplast Industries Limited IPO – FAQs
1. What is the allotment date of the Ideal Technoplast Industries IPO?
The allotment date of the Ideal Technoplast Industries IPO is August 26, 2024.
2. What is the price band of the Ideal Technoplast Industries IPO?
The price band of the issue is INR 121 per share.
3. What is the size of the Ideal Technoplast Industries IPO?
The offer size for Ideal Technoplast Industries’ IPO is INR 16.03 crores, with a fresh issue of 13.25 lakh shares. The company aims to utilize the proceeds for capital expenditure and general corporate purposes.
4. What is the listing date of the Ideal Technoplast Industries IPO?
The listing date of Ideal Technoplast Industries’s IPO is August 28, 2024.
