Ideal Technoplast Industries IPO: Review, Valuation, Date & GMP

Ideal Technoplast Industries IPO-Complete Overview

Ideal Technoplast Industries IPO an SME IPO is a fixed price issue of Rs.16.03 crore by Ideal Technoplast Industries Ltd. which was founded in 2012. The company deals in rigid plastic packaging and sells its goods to both domestic and foreign markets (via third parties and export companies).

It provides industrial packaging solutions for the paint, agro, chemical, cosmetic, adhesive, lubricant, food, and edible oil industries, including round and square containers, twist containers, and bottles. The business uses cutting-edge manufacturing technologies, such as internal printing and design capabilities. The 20,000 sq-ft, multi-story production facility in Surat features cutting-edge technology, including a completely automated line.

The company plans to launch its SME IPO on August 21, 2024. 

Ideal Technoplast Industries IPO Overview

The Rs.16.03 crore Ideal Technoplast Industries Ltd. IPO consists of a fresh issue of 13.25 lac Shares totaling Rs.16.03 crore, out of which 50% is to retail investors, and 50% to other investors portion is reserved.

Ideal Technoplast Industries IPO date is from August 21 to August 23, 2024. The expected IPO listing date is Wednesday, August 28, 2024, on NSE and SME. Ideal Technoplast Industries IPO price is Rs.121 for each Share.

To open a demat account and apply for the IPO, Click Here.

Company Financial

Below is the synopsis of the company's financial data for the period that concluded on 29 Feb 2024.

• The total assets of the company are Rs.1,508.51 lac.

• The total revenue of the company is Rs.2,424.11 lac.

• PAT of the company is Rs.326.61 lac.

• The net worth of the company is Rs.743.07 lac.

• The company’s EBITDA is Rs.398.04 lac.
  
  

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Product-wise Revenue Breakdown

(Amount in lac)

 

State-wise Revenue Breakdown

(Amount in lac)

 

Industry-wise Revenue Breakdown

(Amount in lac)

 The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To fulfill working capital needs

• General corporate purposes.

Peers of Ideal Technoplast Industries Ltd. 

 

 

Evaluation

The IPO price is Rs.121 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 29 Feb 2024 with an EPS of Rs.23.29 from the last year, the resulting P/E ratio is 5.20x.

Considering the weighted EPS of Rs.2.18 for the last three years, the P/E ratio is 55.46x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is not available in the DRHP & RHP of the company.

IPO's Strengths 

• The company offers a wide range of rigid plastic packaging solutions.

• Specialized in square packaging

• Advanced manufacturing technologies

• Automated precision

• High customer retention

• In-house design and printing technology

• An experienced promoter and management team. 

IPO’s Weaknesses

• The company’s major part of the revenue is generated from a few States. So the company’s operations might be impacted if any of these big states face any instability.

• The company's raw material purchases are reliant on a small number of suppliers. Its operations may be impacted if any of these major suppliers were to go.

• Except for bonus issues, the company has issued some securities in the past 12 months at a price below the issue price.

• It relies on outside transportation companies to deliver completed goods to its customers and raw materials from its suppliers. Any failure on the part of these service providers to fulfill their commitments could materially harm its operations, finances, and business.

• In previous years, the company's cash flows were negative. A continuously negative cash flow could hinder the company's expansion and growth. 

Ideal Technoplast Industries IPO GMP Today

Ideal Technoplast Industries IPO GMP today is Rs.15.

IPO Timetable (Tentative)

The IPO date is from August 21 to August 23, 2024, with allotment on August 26, refund initiation on August 27, and listing on August 28, 2024.

 

Ideal Technoplast Industries IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on August 21, 2024, close on August 23, 2024, and offer a total issue size of 1,325,000 Shares (aggregating up to Rs.16.03 Cr) comprising a whole fresh issue size of 1,325,000 Shares (totaling up to Rs.16.03 Cr).

Ideal Technoplast Industries IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,21,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.2,42,000.

 

Ideal Technoplast Industries IPO Reservation

Promoters And Management of Ideal Technoplast Industries Ltd.

• Mr. Prafulbhai Karshanbhai Vaghasia

• Mrs. Vaishnavi Prafulbhai Vaghasiya

• Mr. Vipulbhai Dulabhai Mendapara

• Mrs. Mitulaben Vipulbhai Mendapara

• Mr. Gauravbhai Chhaganbhai Gopani

• Mrs. Ashaben Gauravbhai Gopani.
  
  

 

IPO Lead Managers

• Swastika Investmart Ltd.

Dividend Policy

The company has not declared dividends since incorporation. 

Conclusion

The company has experienced negative cash flow in financing and investing activities in the last fiscal years. The company’s revenue, total assets, net worth, reserves & surplus, and PAT have increased in the period FY 31 Mar 2023 to 28 Feb 2024, and total borrowings have also decreased. So the company has performed well in the last FY. To achieve its goals, the company is currently launching an IPO for the general public

We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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