Solve IPO

Solve Plastic Products Ltd

₹1,09,200 /1200 sharesMinimum Investment

Solve IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹91.00₹102.00₹11.00 (12.09%)

Solve IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Aug ‘24 - 16 Aug ‘24₹1,09,2001,200₹91 - ₹91
Issue SizeIPO Doc
11.85Cr
RHP PDF

About Solve

Solve Plastic Products is a manufacturer of an array of uPVC (unplasticised polyvinyl chloride) pipes and rigid PVC electrical conduits. Their product portfolio includes uPVC pipes, rigid PVC electric conduits, garden hoses, solvent cement, and water tanks. The company operates four manufacturing facilities—three in Kerala and one in Tamil Nadu. These facilities are fully automated. Solve Plastic Products markets its offerings under the ‘BALCOPIPES’ brand through a network of 255 authorised dealers and distributors spread across three states: Kerala, Karnataka, and Tamil Nadu.;
Founded in
1994
Managing director
Mr. Sudheer Kumar Balakrishnan Nair
Parent organisation
Solve Plastic Products Ltd

Strengths & Financials of Solve

Strengths
Risks
Solve Plastic Products is ISO 9001:2015 certified for quality management systems. The company also holds Bureau of Indian Standards’ (BIS) 4985:2021, 3419:1988, and 9537:Part 3:1983 certifications.
The company’s products are approved by several major governmental organisations, including the Central Public Works Department (CPWD) in Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, and the Public Works Department (PWD) of Kerala and Tamil Nadu, along with the Tamil Nadu Housing Board.
The company operates four manufacturing facilities that have state-of-the-art research and development (R&D) labs.
Solve Plastic Products has seen a consistent increase in revenue from operations, which increased from Rs 41.72 crore in FY21 to Rs 55.06 crore in FY22 and Rs 60.77 crore in FY23.

Solve Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Solve IPO

Apply asPrice bandApply upto
Regular91 - 91₹2 Lakh
High Networth Individual91 - 91₹2 - 5 Lakh
For Solve IPO, eligible investors can apply as Regular.
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