Technopack Polymers Limited initiated its business operations in 2018. The company specialises in high quality CCM CAP and manufactures PET on 48 state of the art, Milacron Machine. The entire manufacturing for the company is set up in Rajkot with automated machinery.
IPO DETAILS
Technopack Polymers Limited IPO is set to launch on 2nd Nov., 2022. The subscription timeline extends till 7th Nov., 2022. The size for the IPO is 7.87 Crore Rs.. Shares issued through fresh issues are worth 7.87 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 2000 shares and the price range is 55 share. The company is going to get listed at BSE SME. The face value per share is Rs. 10 and this is a price fixed issue. The registrar for the company is BigShare Services Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
IPO OPENING DATE | 2nd Nov., 2022 |
CLOSING DATE FOR IPO | 7th Nov., 2022 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 55 Rs. |
LOT SIZE | 2000 shares |
MINIMUM ORDER QUANTITY | 2000 shares |
ISSUE SIZE | 7.87 Crore Rs. |
OFFER FOR SALE | No shares Issued |
FRESH ISSUE | 7.87 Crore Rs. |
LISTING AT | BSE SME |
LISTING DATE | 17th Nov., 2022 |
IMPORTANT DATES
IPO OPENING DATE | 2nd Nov., 2022 |
CLOSING DATE FOR IPO | 7th Nov., 2022 |
IPO ALLOTMENT DATE | 11th Nov., 2022 |
REFUNDS | 14th Nov., 2022 |
DEMAT A/C CREDITED ON | 15th Nov., 2022 |
IPO LISTING DATE | 17th Nov., 2022 |
Technopack Polymers Limited IPO begins for subscription from 2nd Nov., 2022. The IPO subscription would continue till 7th Nov., 2022. The allotment status for the shareholders who applied would come on 11th Nov., 2022. The refunds for the ones who did not get allotment would be initiated on 14th Nov., 2022. The DEMAT accounts of shareholders would be credited on 15th Nov., 2022. The listing of the company would be accompanied on 17th Nov., 2022.
Lead Managers
The lead managers are :
- ISK Advisors Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 110000 Rs.. The maximum lot size is decided at 2000 shares. This amounts to 110000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 2000 shares | 110000 Rs. |
Maximum | 2000 shares | 110000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- One part of the funding will be used for setting up a new plant to manufacture HDPE beverage closure Bags.
- The funds may also be used towards working capital requirements.
COMPANY FINANCIALS
Particularly (in Lakh Rs.) | 2021-22 | 2020-21 | 2019-20 |
ASSETS | 926 | 585 | 357 |
Revenue | 1003 | 616 | 355 |
PAT | 211 | 2 | 4 |
The financials of the company are not fit based on the profitability. The company has a great asset balance with 357 Lakhs of it in 2020 and 926 Lkah of the same by the end of March 2022. This adds up to almost 200 Lakh increase in assets every year. The revenue generation is also excellent based on asset investment. The company generated a revenue of 355 Lakh Rs in 2020 and 616 Lakhs Rs in 2021. Also the revenue for 2022 was recorded at 1003 Lakh Rs. This is excellent revenue generation. However the problem kicks in when profitability is taken into consideration.
The profit in 2020 was 4 Lakh Rs only even after generating a revenue of 355 Lakh Rs. Similarly in 2021 during COVID the company’s revenue growth was quite good at 616 Lakh Rs which is almost 100% growth in the same. However the profitability stood at just 2 Lakh Rs. In 2022 the company generated a revenue of 1003 Lakh Rs and the profit showed up at 211 Lakh Rs. This means that the company has the potential to generate greater revenue but the previous two years fail to justify the consistency in financials of the company.
PROS
- The company has its own manufacturing facility.
- It uses the state of the art Milacron Machine for manufacturing PET material.
- Technopack Polymers Limited specialises in manufacturing high quality CCM CAP.
CONS
- The company’s financials are not stable given the 2021 performance. However the same was because of the COVID effect. Also the company operates in a highly competitive segment.
Technopack Polymers Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Technopack Polymers Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.