Ideal Technoplast Industries Limited

Company Profile
Company Name Ideal Technoplast Industries Limited
Open Date 21-08-2024
Close Date 23-08-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹121 per share
Issue Size 13,25,000 shares
Application Amount ₹1,21,000
Recommendation Avoid
Ideal Technoplast Industries Limited, established in 2012 has its registered office in Surat, Gujrat. Business Activities: The Company is a manufacturer and supplier of rigid plastic packaging serving both domestic and international markets (through exports). Customer Base: Primarily B2B serving a wide array of sectors such as Agro, Chemical, Dairy, Edible Oil, Processed Food, Lubricant Oil, Paint, and Pharma. Revenue Streams: Product-wise: The primary revenue driver is the manufacturing of square containers, representing 78.27% of total revenue in FY 2023-24. Industry-wise: The cashew industry is the largest consumer of the company's products, generating 62.74% of revenue in FY 2023-24. Geographical Reach: The company's top three states in terms of revenue contribution in FY 2023-24 are: Gujarat: 21.91% followed by West Bengal: 14.79% and Karnataka: 13.98%. The company had 28 permanent employees as of 31st March 2024.
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Financial Summary in Lakhs

KPI’s FY 21 FY 22 FY 23 Feb 24
Revenue 569.47 567.81 1,199.30 2,424.11
EBITDA 73.73 32.63 71.71 398.03
Net Profit 9.80 10.51 50.19 326.60
RoCE 30.97% 10.81% 7.57% 33.24%
ROE 7.69% 7.62% 26.61% 43.95%
P/E 172.86 161.33 33.33 12.54

Tentative Timeline

Opening Date 21-08-2024
Closing Date 23-08-2024
Basis of Allotment 26-08-2024
Initiation of Refunds 27-08-2024
Credit of Shares to Demat 27-08-2024
Listing Date 28-08-2024

Objects of the Issue

Funding the working capital requirement of the company.
General Corporate Purposes.

Contact Information

Registered Office Ideal Technoplast Industries Limited Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Vill. Olpad, Ta.Olpad, Surat - 3945
Phone 0261-2769409
Email cs@idealtechnoplast.com
Website http://www.idealtechnoplasts.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 67,000 (5.06%)
Other Shares Offered 629,000 (47.47%)
Retail Shares Offered 629,000 (47.47%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.50%

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