Solve Plastic Products Limited
Fixed Price IPO · NSE
- Price band
- ₹91 - ₹91
- Lot size
- 1,200 shares
- Issue amount
- ₹11.85 cr
- Total subscription
- 33.99×
- Opens
- 13 Aug 2024
- Closes
- 16 Aug 2024
- Allotment
- 19 Aug 2024
- Listing
- 21 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 13,02,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,09,200
- Fresh issue
- ₹11.85 cr
- Offer for sale
- ₹0 cr
- Registrar
- Integrated Registry Management Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,09,200
- Issue type
- Fixed Price IPO
- Shares before issue
- 30,66,250
- Shares after issue
- 43,68,250
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,09,200 |
| HNI | 2 | 2,400 | ₹2,18,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.62 | 271.22 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.66 | 3.96 | -1.34 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 32.47 | 62.46 | -56.31 |
| PRE IPO(PE) | 23.2 | 0 | 0 |
| POST IPO(PE) | 28.1 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Solve Plastic Products Limited, founded in 1994, is a well-known manufacturer of uPVC pipes and Rigid PVC electrical conduits under the brand "BALCOPIPES." With three production units in Kerala and one in Tamil Nadu, the company offers a wide range of products, including solvent cement, water tanks, garden hoses, and electrical cables. Approved by BIS and various government organizations like CPWD, MES, and PWD, its products are trusted for quality. Primarily serving the Kerala market, the company employs 165 professionals and continues to be a reliable name in the industry.
Strengths
- Trusted Industry Presence: Since 1994, Solve Plastic Products Limited has built a strong reputation for quality with its "BALCOPIPES" brand.
- Experienced Leadership: Guided by seasoned promoters, the company has navigated market challenges and achieved steady growth.
- Skilled Team: A dedicated management team and a motivated workforce of 165 employees help ensure high standards and continued success.
Risk factors
- Legal Risks: The company and its key members are involved in legal proceedings. Any negative outcomes could impact business operations and financial stability.
- Expansion Challenges: If the company faces delays or difficulties in executing its growth plans, it could affect operations and financial performance.
- Procurement Delays: The company hasn’t yet ordered the machinery needed for its manufacturing expansion. Any delays in procurement could push back the timeline, increase costs, and slow down operations.
Promoters
Mr. Sudheer Kumar Balakrishnan Nair
Mr. Susil Balakrishnan Nair
Mr. Balakrishnan Nair
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Integrated Registry Management Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Door No XIII/690/ABC, Tholicode, Punalur, Kollam - 691333
+91 99956 31001
[email protected]Company website ↗Understanding BALCO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.