Cool Caps Industries Limited IPO (Cool Caps IPO) Detail

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:

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets5,691.534,996.78
Total Revenue1,910.613,129.84
Profit After Tax134.41286.68

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 DateMar 10, 2022
IPO Closing DateMar 15, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹36 to ₹38 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size3,060,000 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 DateMar 10, 2022
IPO Close DateMar 15, 2022
Basis of Allotment DateMar 21, 2022
Initiation of RefundsMar 22, 2022
Credit of Shares to Demat AccountMar 23, 2022
IPO Listing DateMar 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).

ApplicationLotsSharesAmount (Cut-off)

Cool Caps IPO Promoter Holding

Pre Issue Share Holding100%
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

Cool Caps IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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