1. What is Solve Plastic Products IPO?

The Solve Plastic Products IPO is a public offering where the company is issuing new shares to raise capital from the public. The funds raised will be used to expand operations, enhance production capabilities, and support the company’s sustainability initiatives.

2. What are the key dates for the Solve Plastic Products IPO?

The key dates include the IPO opening and closing dates, the allotment date, the initiation of refunds, the date shares will be credited to Demat accounts, and the date of listing on the stock exchange. These dates will be announced closer to the offering.

3. What is the price band for the Solve Plastic Products IPO?

The price band for the IPO refers to the price range within which investors can bid for the shares. The price band will be determined based on market conditions and will be announced in the company’s IPO prospectus.

4. How can investors apply for the Solve Plastic Products IPO?

Investors can apply for the IPO through various channels, including online applications via ASBA (Application Supported by Blocked Amount) through their banks, or through the UPI method. Applications can also be made through stockbrokers or other financial institutions.

5. What are the benefits of investing in Solve Plastic Products IPO?

Investing in Solve Plastic Products offers an opportunity to participate in a company focused on sustainable practices and innovative plastic solutions. The company’s growth potential, strong market presence, and commitment to environmental sustainability make it an attractive investment opportunity.

Solve Plastic Products Limited IPO (Solve Plastic Products IPO) Date, Price, GMP & Allotment 2024

Solve Plastic Products Limited IPO Overview

Solve Plastic Products IPO is a fixed price issue of Rs 11.85 crores. The issue comprises of fresh issue of 13.02 lakh shares and an offer for sale worth Rs 0.00 crore.

Solve Plastic Products IPO opens for subscription on August 13, 2024 and closes on August 16, 2024. The allotment for the Solve Plastic Products IPO is expected to be finalized on Monday, August 19, 2024. Solve Plastic Products IPO will list on NSE SME with a tentative listing date fixed as Wednesday, August 21, 2024.

Solve Plastic Products IPO price is ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹218,400.

Finshore Management Services Limited is the book-running lead manager of the Solve Plastic Products IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue. The market maker for Solve Plastic Products IPO is Black Fox Financial.

Solve Plastic Products Limited IPO Important dates

Solve Plastic Products IPO opens on August 13, 2024, and closes on August 16, 2024.

IPO Open Date	Tuesday, August 13, 2024
IPO Close Date	Friday, August 16, 2024
Basis of Allotment	Monday, August 19, 2024
Initiation of Refunds	Tuesday, August 20, 2024
The credit of Shares to Demat	Tuesday, August 20, 2024
Listing Date	Wednesday, August 21, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 16, 2024

Solve Plastic Products Limited Financial Performance

Solve Plastic Products Limited’s revenue decreased by -24.25% and profit after tax (PAT) rose by 18.47% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹ 22.12 Cr	₹ 18.74 Cr	₹ 18.23 Cr
Revenue	₹ 47.16 Cr	₹ 62.25 Cr	₹ 55.78 Cr
Profit After Tax	₹ 1.42 Cr	₹ 1.20 Cr	₹ -0.41 Cr
Net Worth	₹ 4.39 Cr	₹ 1.93 Cr	₹ 72.29 Cr
Reserves and Surplus	₹ 1.32 Cr	₹ -1.11 Cr	₹ -2.31 Cr
Total Borrowing	₹ 11.36 Cr	₹ 10.53 Cr	₹ 10.30 Cr

Solve Plastic Products Limited Key Performance Indicator

The market capitalization of Solve Plastic Products IPO is Rs 39.75 Cr.

KPI as of March 31, 2024.

KPI	Values
Debt/Equity	0.23
RoNW	15.56%
P/BV	6.36
PAT Margin (%)	9.13

Solve Plastic Products IPO Objectives

The company intends to utilize the funding for the following objectives:

Funding Capital Expenditure towards the purchase of additional plant and machinery
To meet the Working Capital Requirements
To meet the Issue Expenses
General Corporate Purposes

Solve Plastic Products Limited IPO Details

IPO Date	August 13, 2024 to August 16, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹91 per share
Lot Size	1200 Shares
Total Issue Size	1,302,000 shares (aggregating up to ₹11.85 Cr)
Fresh Issue	1,302,000 shares (aggregating up to ₹11.85 Cr)
Offer for Sale	[.] shares of ₹10 (aggregating up to ₹0.00 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share Holding Pre-Issue	3,066,250 shares
Share Holding Post-Issue	4,368,250 shares
Market Maker Portion	66,000 shares
Market Maker	Black Fox Financial

Solve Plastic Products Limited IPO GMP Details

Solve Plastic Products SME IPO last GMP is ₹0, last updated Aug 20th 2024 10:25 AM. With the price band of 91.00, Solve Plastic Products SME IPO’s estimated listing price is ₹91 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
20-08-2024	91.00	₹0	—	₹91 (0%)	20-Aug-2024 10:25
19-08-2024 Allotment	91.00	₹0	—	₹91 (0%)	19-Aug-2024 23:32
18-08-2024	91.00	₹0	—	₹91 (0%)	18-Aug-2024 23:28
17-08-2024	91.00	₹0	—	₹91 (0%)	17-Aug-2024 23:28
16-08-2024 Close	91.00	₹0	—	₹91 (0%)	16-Aug-2024 23:30
15-08-2024	91.00	₹0	—	₹91 (0%)	15-Aug-2024 23:25
14-08-2024	91.00	₹0	—	₹91 (0%)	14-Aug-2024 23:29
13-08-2024 Open	91.00	₹0	—	₹91 (0%)	13-Aug-2024 23:25
12-08-2024	91.00	₹0	—	₹91 (0%)	12-Aug-2024 23:32

Solve Plastic Products Limited IPO subscription status

Solve Plastic Products IPO subscribed 34.23 times. The public issue subscribed 46.76 times in the retail category, and 19.47 times in the Other category by August 16, 2024.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	19.47	618,000	1,20,34,800	109.52
Retail Investors	46.76	618,000	2,88,96,000	262.95
Total *	34.23	1,236,000	4,23,03,600	384.96

Total Application: 24,080 (46.76 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 66,000 equity shares not included.

Solve Plastic Products IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 August 13, 2024	0.42	4.18	2.30
Day 2 August 14, 2024	1.86	13.30	7.58
Day 3 August 16, 2024	19.47	46.76	34.23

Solve Plastic Products Limited IPO Allotment status

Solve Plastic Products IPO allotment is expected on August 19, 2024.

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

To check Solve Plastic Products IPO allotment status, follow the steps below:

Click on the allotment status check button below.
Select Company Name.
Enter your PAN Number, Application Number or DP Client ID (Anyone).
Solve Plastic Products IPO Allotment Status

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 Integrated Registry Management Services Private Limited either by phone or email. Investors can call on 044 – 28140801 to 28140803 or send an email with all relevant details to smeipo@integratedindia.in.

About Solve Plastic Products Limited

Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name “BALCOPIPES”

The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like the Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.

The company’s product portfolio includes: