Cool Caps Industries is engaged in the business of manufacturing a range of plastic bottle caps and closures such as plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps. It further manufactures embossed, debossed, and printed closures as per customers’ specifications. The firm also manufactures face masks i.e., Mask on Plus N95 FFP 2 Mask, Mask on N95 FFP2 Mask, and N95 FFP2 Mask. The firm also engages in the trading of plastic granules such as Polypropylene Granule, High-Density Polyethylene (HDPE) Granules, Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE) Granules, etc.
Competitive strengths
- The well-established manufacturing facility at Howrah, West Bengal, and Kotdwar, Uttarakhand.
- Highly experienced management and workforce.
- Cost leadership in procurement leads to cost-effective manufacturing.
- A strong relationship with customers.
Company Promoters:
Rajeev Goenka, Vanshay Goenka, and M/s. Purv Flexipack Pvt Ltd are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Lakh) | |
|---|---|---|
| 30-Sep-21 | 31-Mar-21 | |
| Total Assets | 5,691.53 | 4,996.78 |
| Total Revenue | 1,910.61 | 3,129.84 |
| Profit After Tax | 134.41 | 286.68 |
Objects of the Issue:
The IPO aims to utilize the net proceeds towards the following purposes;
- Fund working capital requirements.
- Meet general corporate purposes.
Cool Caps IPO Details
| IPO Opening Date | Mar 10, 2022 |
| IPO Closing Date | Mar 15, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 to ₹38 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 3,060,000 Eq Shares of ₹10 (aggregating up to ₹11.63 Cr) |
Cool Caps IPO Tentative Timetable
The Cool Caps IPO open date is Mar 10, 2022, and the close date is Mar 15, 2022. The issue may list on Mar 24, 2022.
| IPO Open Date | Mar 10, 2022 |
| IPO Close Date | Mar 15, 2022 |
| Basis of Allotment Date | Mar 21, 2022 |
| Initiation of Refunds | Mar 22, 2022 |
| Credit of Shares to Demat Account | Mar 23, 2022 |
| IPO Listing Date | Mar 24, 2022 |
Cool Caps IPO Lot Size
The Cool Caps IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹114,000 |
| Maximum | 1 | 3000 | ₹114,000 |
Cool Caps IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
3rd Party IPO Application
SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank.
Cool Caps IPO Review
The company is operating in a highly competitive and fragmented segment. Though its top-line marked growth, its bottom line witnessed pressure on margins. Based on its current financial data, the issue is fully priced. Risk seeker/cash surplus investors may consider parking of funds, others may ignore.
Company Contact Information
Cool Caps Industries Limited
23 Sarat Bose Road, Flat No. 1C,
1st Floor, Kolkata – 700020
Phone: +91– 9903921338
Email: cs@coolcapsindustries.in
Website: http://www.coolcapsindustries.in/
Cool Caps IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: coolcaps.ipo@linkintime.co.in
Website: https://linkintime.co.in/