Ideal Technoplast Industries IPO

Ideal Technoplast Industries Ltd

₹1,21,000 /1000 sharesMinimum Investment

Ideal Technoplast Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Aug ‘24 - 23 Aug ‘24₹1,21,0001,000₹121 - ₹121
Issue SizeIPO Doc
16.03Cr
RHP PDF

About Ideal Technoplast Industries

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
Managing director
Mr. Vipulbhai Dulabhai Mendapara
Parent organisation
Ideal Technoplast Industries Ltd

Strengths & Financials of Ideal Technoplast Industries

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.

Ideal Technoplast Industries Financials

*All values are in Rs. Cr
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Application Details of Ideal Technoplast Industries IPO

Apply asPrice bandApply upto
Regular121 - 121₹2 - 5 Lakh
High Networth Individual121 - 121₹2 - 5 Lakh
For Ideal Technoplast Industries IPO, eligible investors can apply as Regular.