G M Polyplast IPO – Review, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the G M Polyplast IPO release date, IPO offer price, subscription, G M Polyplast Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs 160
Listing AtBSE SME
Min. Order Quantity800
Listing Date NA
Offer for SaleRs 297.60 LAKH
Fresh IssueRs 512.00 LAKH
IPO SizeRs 809.60 LAKH
Tick SizeNA

The G M Polyplast IPO is listed at Rs.150 premium, check out the live share price by clicking on the below link.

G M Polyplast Share Price – Live Performance

G M Polyplast IPO – Summary

G M Polyplast IPO

They started their operations way back in the year 2003 in the name of G. M. Polyplast Private Limited. They are engaged in the business of manufacturing of H.I.P.S, A.B.S & P.E.T sheets, along with sheets they also manufacture the raw material used to manufacture the sheets called as granules.

The Promoters of this company are MR. DINESH BALBIRSINGH SHARMA AND MS. SARITA DINESH SHARMA. The lead manager to the issue is GRETEX CORPORATE SERVICES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


G M Polyplast IPO Date

The opening and the closing date of IPO of G M Polyplast Limited is Sep 30, 2020 and Oct 6, 2020.


G M Polyplast Limited IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Sep 300.09x0.02x0.06x
2nd Day –  Oct 10.28x0.06x0.17x
3rd Day – Oct 2
4th Day – Oct 3
5th Day – Oct 4
6th Day – Oct 5
7th Day – Oct 6
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


G M Polyplast Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

G M Polyplast Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

G M Polyplast IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.160


G M Polyplast IPO Equity Size

This Initial Public Issue of 5,06,000 Equity Shares of Rs.10 each for cash at a price of Rs.160 per equity share aggregating to Rs.809.60 lakh.


G M Polyplast IPO Share Offering

Fresh Issue: The Fresh Issue of 3,20,000 Equity Shares by their Company, aggregating to Rs.512.00 Lakh,

Issue Size: 5,06,000 Equity Shares of Rs.10 each, aggregating to Rs.809.60 Lakh

Offer for Sale: Offer for sale consists of Up to 1,86,000 Equity Shares of face value of Rs.10 each, aggregating Rs.297.60 Lakh.


G M Polyplast IPO – Live Performance

The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – G M Polyplast Share Price

G M Polyplast IPO Grey Market Premium

The G M Polyplast Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


G M Polyplast IPO – Company Overview

Their Company was originally incorporated as G. M. Polyplast Private Limited on November 17, 2003 at Mumbai, Maharashtra. Subsequently, their Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of their Company held on July 06, 2020 and the name of their Company was changed to “G M Polyplast Limited”.

Their Company is known in the industry for manufacturing and supplying of high-grade Sheets and Granules in India. Their Company believes in the phrase “Innovation as key to future” and they have been keeping pace with modernization in all sphere of development, manufacturing, and marketing, emphasis on product quality & client satisfaction.

A professional approach and constant interaction ensure client requirement is met with high standard within the agreed guideline of time and cost. Its impressive growth has been largely due to confidence in its own capability and impressive infrastructure it has created over the years.

Their company has been steadily diversifying as well as adding new products to its portfolio, besides adding additional infrastructure for increasing its manufacturing capability for its existing products.

G M Polyplast IPO Products Line-up

Their product range includes Acrylonitrile Butadiene Styrene (ABS) Plastic Sheets, High Impact Polystyrene (HIPS) Sheets, PET (Polyethylene Terephthalate) Sheets / Rolls, Amorphous Polyethylene Terephthalate (A-PET) Sheet, Recycled Polyethylene Terephthalate (R-PET) Sheet, HDPE (High Density Polyethylene) Sheets / Rolls, PP (Polypoplyne) Sheets / Rolls, Electrostatic discharge materials (ESD materials).


G M Polyplast IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & lakhs)
31-Mar-20Mar-1931-Mar-18
Total Assets2,482.682,537.032,533.25
Total Revenue6,342.986,834.505,551.24
Total Expense6,026.116,642.965,422.85
Profit After Tax231.80138.0492.20

Earnings per Equity Share (in lakhs)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted14.499.14921.98

Their total revenue increased from Rs.5,551.24 Lakhs in Fiscal 2018 to Rs.6,342.98 Lakhs in Fiscal 2020, representing a growth of 14.26%. The EBIDTA increased from Rs.205.10 Lakhs in Fiscal 2018 to Rs.403.22 Lakhs in Fiscal 2020, representing a growth of 96.60%. Their Restated PAT increased from Rs.92.20 Lakhs in Fiscal 2018 to Rs.231.80 Lakhs in Fiscal 2020, representing a growth of 151.42%.


G M Polyplast Limited IPO – Promoters

The Promoter of this company are:

  1. MR. DINESH BALBIRSINGH SHARMA
  2. MS. SARITA DINESH SHARMA

List of Related Parties (Key Managerial Personnel)

  • Mr. Tushar Nitinchandra Pandya, Chief Financial Officer
  • Ms. Dimple Amrit Parmar, Company Secretary and Compliance Officer

Competitive Strengths of G M Polyplast Limited

  • Rich Management Experience
  • Product Quality
  • Semi-Automated Units
  • Diversified Product Portfolio
  • Needs of Customers
  • Existing distribution and sales networks

G M Polyplast Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 5,06,000 Equity Shares aggregating up to Rs.809.60 Lakh
of which:
Fresh issueUp to 3,20,000 Equity Shares aggregating up to Rs.512 lakh
Offer For Sale
Up to 1,86,000 Equity Shares aggregating up to Rs. 297.60 lakh
Of which:
Market Maker Reservation Portion26,000 Equity Shares aggregating to Rs.41.60 Lakh
Net Offer to the Public4,80,000 Equity Shares aggregating to Rs.768.00 Lakh
 Equity Shares outstanding prior to the Issue16,00,000 Equity Shares
 Equity Shares outstanding after the Issue19,20,000 Equity Shares

G M Polyplast IPO Issue Object

The Object for which their Company intends to use the Net Proceeds is:

1. To Meet Working Capital Requirement

2. General Corporate Purposes

Business strategies of G M Polyplast Limited

  • Optimum Utilization of Resources
  • Increase Brand awareness
  • Building-up as a Professional Organisation
  • Develop cordial relationship with their Suppliers, Customer and employees
  • Focus on dealing in quality standard products
  • Increase their presence in Global Market

G M Polyplast Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Rich Management Experience
  • Product Quality
  • Semi-Automated Units
  • Diversified Product Portfolio Offering Affordable Apparels Across Various Price Segments
  • Needs of customers
  • Existing distribution and sales networks

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-2014.4929.19
31-Mar-199.1424.3337.57
31-Mar-18921.9821.4749.64

G M Polyplast IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)Revenue from
Operations
(Rs. in Lakh)
G M Polyplast Limited1011.0414.4929.1949.646,314.53
Listed Peers
Axel Polymers Limited1036.760.224.714.632,289.84
Supreme Industries Limited222.2339.0823.28167.885,51,127.00
Astral Poly Technik Limited169.3613.3315.0888.392,04,280.00

G M Polyplast IPO Lead Managers

Lead Manager
GRETEX CORPORATE SERVICES PRIVATE LIMITED
Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur
Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 4002 5273 / 98368 22199/ 98368 21999
Email: info@gretexgroup.com/ mbk@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Ms. Amina Khan
SEBI Registration No: INM000012177
CIN: U74999MH2008PTC288128

G M Polyplast IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Arvind Tandel
SEBI Registration No.: INR000001385
CIN: U99999MH1994PTC076534

G M Polyplast IPO – Other Details

  • Statutory Auditor – Anay Gogte & Co.
  • Legal Counsel to the Company – M V Kini, Law Firm
  • Bankers to the Company –  [●]


G M Polyplast Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Subscribe to G M Polyplast IPO

    Fill the Details Below
    1. Subscribe to IPOOpen Demat Account


    G M Polyplast Limited IPO News

    News 1 – G M Polyplast Limited IPO RHP Download

    Calculate your return on investment!



    Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
    IPO
    Equity
    Savings
    Real Estate
    Gold
    Bonds
    Fixed Deposit
    Mutual Fund

    Market Guide

    What is IPO?
    IPO Investment
    IPO Valuation
    Upcoming IPOs

    Featured Topics

    Best Discount Broker in India
    Top 10 Sub Broker Partner in India
    Best Stock Broker in India
    Sub Broker Franchise
    Best Demat Account
    Brokerage Calculator
    Best Full Service Broker in India
    Broking Franchisee
     Best Intraday Trading Brokers in India

     

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Get 100% IPO Allotment Guarantee! Subscribe to IPO
    ×

    Share your details & Become Sub Broker Now!

      1. Become Sub Broker

      Offer valid for limited time.

      ×

      Share your details & Open Demat A/C Now!

        1. Open Demat Account

        Offer valid for limited time.

        ×

        Share your details & Get IPO Allotment Now!

          1. Invest in IPO

          Offer valid for limited time.

          ×

          Share your details & Invest in PMS Now!

            1. Invest in PMS / AIF / PCG

            Offer valid for limited time.