Ideal Technoplast Industries Limited IPO (Ideal Technoplast Industries IPO) Date, Price, GMP & Allotment 2024

Ideal Technoplast Industries Limited IPO Overview

Ideal Technoplast Industries IPO is a fixed price issue worth ₹16.03 crores. The entire issue comprises a fresh issuance of 13.25 lakh shares.

• Subscription Period: The IPO opens for subscription on August 21, 2024, and closes on August 23, 2024.
• Allotment and Listing: The share allotment is expected to be finalized on August 26, 2024. The company is set to list on the NSE SME with a tentative listing date of August 28, 2024.
• IPO Price: The issue price is ₹121 per share.
• Lot Size: The minimum application size is 1,000 shares, requiring an investment of ₹121,000 for retail investors. For High Net-Worth Individuals (HNIs), the minimum investment is ₹242,000 for 2 lots (2,000 shares).
• Key Players: Swastika Investment Ltd serves as the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar. Sunflower Broking is the market maker for this IPO.

For comprehensive details, refer to the Red Herring Prospectus (RHP) of the Ideal Technoplast Industries IPO.

Ideal Technoplast Industries IPO Important dates

Ideal Technoplast Industries IPO opens on August 21, 2024, and closes on August 23, 2024.

Ideal Technoplast Industries IPO Financial Performance

Key Performance Indicator

Ideal Technoplast Industries Limited IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Capital Expenditure;
2. General Corporate Purpose.

Ideal Technoplast Industries IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Ideal Technoplast Industries Limited IPO Details

SWOT Analysis(Strength and Weakness)

• STRENGTH
  • Diverse Product Range
  • Advanced Manufacturing Technologies
  • In-House Design & Printing Technology
  • Automated Precision
  • High Customer Retention
  • Specialization in Square Packaging
• WEAKNESS
  • Dependency on Raw Materials
  • Market Sensitivity.
• OPPORTUNITY
  • Diversification into New Industries
  • Global Market Expansion
  • Customization Demand
  • Strategic Alliances
• THREATS
  • Fluctuating Raw Material Prices
  • Intense Competition
  • Economic Downturn
  • Regulatory Changes

Ideal Technoplast Industries IPO GMP Details

Ideal Technoplast Industries SME IPO last GMP is ₹15, last updated Aug 23rd 2024 08:58 AM. With a price band of 121.00, Ideal Technoplast Industries SME IPO’s estimated listing price is ₹136 (cap price + today’s GMP). The expected percentage gain/loss per share is 12.40%.

Today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹15. Stay with us to know the daily price trend of Ideal Technoplast Industries SME IPO GMP with an expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
23-08-2024 Close	121.00	₹15	11400	₹136 (12.4%)	23-Aug-2024 8:58
22-08-2024	121.00	₹15	11400	₹136 (12.4%)	22-Aug-2024 23:32
21-08-2024 Open	121.00	₹15	11400	₹136 (12.4%)	21-Aug-2024 23:31
20-08-2024	121.00	₹15	11400	₹136 (12.4%)	20-Aug-2024 23:30
19-08-2024	121.00	₹0	—	₹121 (0%)	19-Aug-2024 23:25

IPO grey market premium (GMP)

The Grey Market Premium (GMP) is the price at which an IPO trades in the unofficial grey market before its listing. It provides an early indication of how a company’s IPO might perform on the listing day. A positive GMP suggests the IPO could list at a profit, while a negative GMP signals a potential discount on listing day.

However, it’s important to remember that IPO GMP is highly volatile. Relying solely on GMP to make investment decisions can be risky. For Ideal Technoplast Industries SME IPO, it’s crucial to consider all relevant factors, not just the GMP, before making an informed investment decision. Always assess the overall potential and risks before deciding whether to invest in the IPO.

Ideal Technoplast Industries Limited IPO subscription status 

Total Application: 19,140

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included in NII/HNI.

Ideal Technoplast Industries IPO Subscription Details (times)

Ideal Technoplast Industries IPO Allotment status 

Ideal Technoplast Industries IPO allotment is expected on August 26, 2024.

Ideal Technoplast Industries IPO allotment status is not available at this time. Ideal Technoplast Industries IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Ideal Technoplast Industries Limited’s IPO allotment status.

To check Ideal Technoplast Industries IPO allotment status, follow the steps below:

1. Click on the allotment status check button below.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Promoter and Management Team

• Mr. Prafulbhai Karshanbhai Vaghasia
• Mrs. Vaishnavi Prafulbhai Vaghasiya
• Mr. Vipulbhai Dulabhai Mendapara
• Mrs. Mitulaben Vipulbhai Mendapara
• Mr. Gauravbhai Chhaganbhai Gopani
• Mrs. Ashaben Gauravbhai Gopani.