Technopack Polymers Limited IPO : Key Dates and Other Info.

 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 :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Technopack Polymers Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.