Solve Plastic Products IPO
Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES" The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.
| Issue Open | 13-08-2024 |
| Issue Close | 16-08-2024 |
| Allotment Date | 19-08-2024 |
| Listing Date | 21-08-2024 |
| IPO Price Band | ₹- to ₹91 |
| Minimum Share Bid | 1200 |
| Minimum Investment Amount | ₹109200 |
| Total Issue Size | 13,02,000 shares (up to ₹11.848 Cr) |
| Fresh Issue | 13,02,000 shares (up to ₹11.848 Cr) |
| Offer For Sale | - |
| Face Value | ₹10 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | - |
| High Networth Individual [HNI] | 50% |
| Retail Individual Investor [RII] | 50% |
| Listed on | NSE SME |
| Listing Date | 21-08-2024 |
| BSE Code | - |
| NSE Code | BALCO |
| ISIN Code | INE0U0201016 |
| IPO Price | ₹ 91 |
| Lot Size | 1200 |
| Expected Listing Price | ₹ 110 to ₹ 125 |
| Book Profit | ₹ 139 |
| Stop Loss | ₹ 99 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| FY-2021 | - | - | - | - |
| FY-2022 | 18.22 | 55.77 | 53.98 | -0.4 |
| FY-2023 | 18.74 | 62.25 | 58.8 | 1.2 |
| FY-2023 | 22.11 | 47.15 | 43.49 | 1.42 |
| Earnings Per Share [EPS] | ₹ 3.92 |
| Price/Earnings [P/E] Ratio | 23.2 |
| Return on Net Worth [RoNW] | 15.56 % |
| Net Asset Value [NAV] | ₹ 14.31 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 1,200 | ₹ 1,09,200 |
| Retail Max | 1 | 1,200 | ₹ 1,09,200 |
| Small HNI | 2 | 2,400 | ₹ 2,18,400 |
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