Ideal Technoplast Industries Ltd

Ideal Technoplast Industries IPO

Ideal Technoplast Industries Ltd

₹1,21,000 /1000 sharesMinimum investment

IPO details

Minimum investment
₹1,21,000
Price range
₹121 - ₹121
Lot size
1,000
Issue size
16.03 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

21 Aug 2024
IPO open date
23 Aug 2024
IPO close date
26 Aug 2024
Allotment date
26 Aug 2024
Funds unblock or debit
28 Aug 2024
Tentative listing date

About

Ideal Technoplast Industries is a manufacturer and supplier of rigid plastic packaging. The company provides its products and services to the paints, agriculture, chemicals, cosmetics, adhesives, lubricants, food, and edible oil sectors. It also undertakes exports through export houses and third parties. The company has a unit in Surat, Gujarat, spread over 20,000 square feet of space, consisting of a fully automated plant. It uses robotic automation technology for in-mould labelling (IML).;
Founded in
2012
MD/CEO
Mr. Vipulbhai Dulabhai Mendapara
Parent organisation
Ideal Technoplast Industries Ltd

Ideal Technoplast Industries Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
5.695.6811.99202120222023

Strengths & Risks

Strengths
Risks
Ideal Technoplast Industries offers a wide range of rigid plastic packaging solutions, including industrial containers for products such as adhesives, lubricants, and oils.
The company specialises in manufacturing square packaging containers known for their ruggedness, durability, and ease of handling heavy items.
The company’s manufacturing facility is fully automated, allowing it to deliver high-quality products.
The company holds ISO 9001:2015 certification for quality management systems.
The company’s top 10 customers accounted for 48.36% (Rs 11.72 crore), 42.86% (Rs 5.14 crore), 54.83% (Rs 3.11 crore), and 69.07% (Rs 3.93 crore) of the total revenue generated as of 29 February 2024, 31 March 2023, 2022, and 2021 respectively. Any loss of business from these customers would adversely impact the company’s business.
The key raw materials used by the company in its production process are recycled plastic and other related products. Any increase in the cost of these raw materials will affect the company’s ability to maintain the quality of its products.
As of February 29, 2024, the company’s total outstanding borrowings amounted to Rs 4.57 crore. Any inability to service or repay this amount in time could hurt the company’s prospects.
The top five suppliers of the company accounted for Rs 12.34 crore (71.07%), Rs 8.53 crore (76.38%), Rs 4.68 crore (96.47%), and Rs 4.01 crore (85.21%) of total raw materials purchased as of 29 February, 2024, 31 March, 2023, 2022, and 2021 respectively.

Application details

For Ideal Technoplast Industries IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹121 - ₹121₹2 - ₹5 Lakhs1000
High Networth Individual₹121 - ₹121₹2 - ₹5 Lakhs1000

Frequently Asked Questions