Technopack Polymers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Technopack Polymers IPO release date, IPO offer price, subscription, Technopack Polymers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 55 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Nov 17, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 786.50 Lakh |
| IPO Size | Rs 786.50 Lakh |
| Tick Size | 1 |
Technopack Polymers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Technopack Polymers IPO – Summary
Their company was incorporated as Technopack Polymers Private Limited on August 09, 2018, under the Companies Act, of 1956.
Further, the name of the company was subsequently changed to “Technopack Polymers Limited” pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on July 11, 2022.
A fresh certificate of incorporation consequent upon the change of name was issued on July 15, 2022, by the Registrar of Companies, Ahmedabad.
The Promoter of this company is Mr Kalpeshkumar Ishwarlal Pandya and Mr Chetankumar Ishvarlal Pandya. The lead manager to the issue is ISK ADVISORS PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Technopack Polymers IPO Date
The opening and closing date of Technopack Polymers IPO are Nov 2, 2022, and Nov 7, 2022, respectively.
Technopack Polymers IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 2nd Nov | 0.48x | 0.83x | 0.66x |
| 2nd Day – 3rd Nov | 1.09x | 2.61x | 1.85x |
| 3rd Day – 4th Nov | 1.78x | 4.81x | 3.29x |
| 4th Day – 7th Nov | |||
| Shares Offered or Net Issue | 679,250 | 679,250 | 1,358,500 |
The shares subscribed by the public will be updated here.
Technopack Polymers 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.
Technopack Polymers Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 11, 2022 |
| Refunds Initiation | Nov 14, 2022 |
| Credit of Shares to Demat Account | Nov 15, 2022 |
| Share Listing Date | Nov 17, 2022 |
Technopack Polymers IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.55
Technopack Polymers IPO Equity Size
This Initial Public Issue of 14,30,000 Equity Shares of Rs.10 each for cash at a price of Rs.55 per equity share aggregating to Rs.786.50 Lakh.
Technopack Polymers IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,430,000 Equity Shares of Rs.10/ each.
Issue Size: 14,30,000 Equity Shares of Rs.10 each, aggregating to Rs.786.50 Lakh
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Technopack Polymers IPO – Live Performance
The listing date of this IPO is Nov 17, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Technopack Polymers Share Price |
Technopack Polymers IPO Grey Market Premium
The Technopack Polymers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Technopack Polymers IPO – Company Overview
The Company believes that the quality of their product and services are up to the mark and that’s the major reason for being awarded with the orders.
Their Company has a skilled team for marketing which personally indulges in formation of marketing strategies apt for the right promotion of the products manufactured by them.
Their marketing team through their experience and good networking with clients owing to timely and quality delivery of service plays an instrumental role in creating and expanding a work platform for their Company.
To retain their customers, their team, regularly interacts with them and focuses on gaining an insight into the additional needs of customers.
Technopack Polymers IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Jul-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 1183.82 | 926.29 | 585.73 | 357.87 |
| *Total Revenue | 482.10 | 1002.87 | 615.74 | 355.27 |
| Total Expense | 351.70 | 705.12 | 613.37 | 352.42 |
| Profit After Tax | 93.94 | 210.83 | 1.91 | 3.80 |
Earnings per Equity Share (in Lakh)
| 31-Jul-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 3.41 | 21.08 | 0.19 | 0.38 |
Further, their PAT for the period ended on July 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 93.94 Lakh, Rs. 210.83 Lakh, Rs. 1.91 Lakh and Rs. 3.80 Lakh respectively.
Technopack Polymers IPO – Promoters
The Promoter of this company is:
- Mr. Kalpeshkumar Ishwarlal Pandya
- Mr. Chetankumar Ishvarlal Pandya
List of Related Parties (Key Managerial Personnel)
- Kalpesh Ishwarlal Pandya, CFO & Promoter
- Chetankumar Ishvarlal Pandya, Managing Director & Promoter
- Dipali Mehul Shukla, Independent Director
- Hardik Hargovindbhai Nanghanoja, Independent Director
- Rameshchandra Shivshanker Rajyaguru, Independent Director
Technopack Polymers IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post Issue Share Holding – 73.51%
Technopack Polymers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 14,30,000 Equity Shares aggregating up to Rs.786.50 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 71,500 Equity Shares aggregating up to Rs.39.325 Lakh |
| Net Issue to the Public | Up to 6,79,250 Equity Shares aggregating up to Rs.2.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 39,70,000 Equity Shares |
| Equity Shares outstanding after the Issue | 54,00,000 Equity Shares |
Technopack Polymers IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures (Compression moulding machine fully equipped with all ancillaries)
2. Additional Working Capital Requirement
3. General Corporate Purpose
Technopack Polymers IPO – Business Strategy
- Their ability to identify new markets to expand;
- Their ability to maintain the quality of our products;
- Changes in the Indian regulatory environment in field
Technopack Polymers IPO – Basis of 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:
- Existing Customer Base
- Good orders and enquiries for the product.
- Good market prospects for products
- Qualified and Experienced Promoters
- Plan to use more automation
- Optimal Utilization of Resources
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 6.45 | 70.19 | 30.04 |
| 31-Mar-21 | 0.06 | 1.91 | – |
| Mar-20 | 0.12 | 3.89 | – |
Technopack Polymers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Technopack Polymers Limited | 10 | 2.61 | 21.08 | 70.19 | 1,002.87 |
| Listed Peers | |||||
| Cool Caps Industries Limited | 10 | 11.12 | 3.73 | 11.91 | 1412.39 |
Technopack Polymers IPO Lead Managers
| Lead Managers |
| ISK ADVISORS PRIVATE LIMITED 501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050 Tel No.: +91 – 22 – 26431002 Email: ncmpl@ncmpl.com Website: www.iskadvisors.com Investor Grievance Email: enquiry@ncmpl.com Contact Person: Mr. Ronak I. Kadri SEBI Registration No. INM000012625 |
Technopack Polymers IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PVT. LTD. 1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Babu Rapheal SEBI Registration No.: INR000001385 |
Technopack Polymers IPO – Other Details
- Statutory Auditor – Karia & Associates, Chartered Accountants
- Legal Counsel to the Company – MR. AYAAN A. PATEL, ADVOCATE
- Bankers to the Company – INDIAN OVERSEAS BANK and ICICI BANK LIMITED
Technopack Polymers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Technopack Polymers Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Technopack Polymers IPO Review FAQs
Check out various FAQs related to Technopack Polymers IPO:
What is the Issue Size of Technopack Polymers IPO?
The Company is making an initial public offer of 1,430,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Technopack Polymers IPO?
The price band for this particular IPO ranges between Rs. 55. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Technopack Polymers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 2, 2022, while the closing date is set at Nov 7, 2022.
What is the Technopack Polymers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 11, 2022, refund initiation is on Nov 14, 2022, credit of shares is on Nov 15, 2022, and share listing date is on Nov 17, 2022.
What is the Technopack Polymers IPO Listing Date?
Shares of this company shall be listed in the exchanges on Nov 17, 2022. The date, when the listing would be done, is stagnant on Nov 17, 2022.
Who is the Registrar of Technopack Polymers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Technopack IPO?
Here are the promoters of this IPO – : Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Technopack IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Technopack IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Technopack Polymers Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 210.83, 2021 is 1.91, 2020 is 3.80. PAT from Sep 2022 is 93.94.
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