Incorporated in 2018, Technopack Polymers Limited manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with the “TECHNOPET” brand name. The Company also manufactures high-quality CCM CAP.
Technopack Polymers Limited’s product portfolio includes PET Polyethylene Terephthalate (PET Preforms are used by customer companies for the packaged drinking water industry, Carbonated Soft Drinks etc.), and Cap-Closure is made by HDPE plastic granules.
The Company has fully automatic machines for the manufacture of PET Preform & Cap Closure at Rajkot, Gujarat.
Strengths :
- Factory & Manufacturing Process.
- Storage of Raw material.
- Slitting and Folding.
- Counting & Packing.
- Customers & Marketing Set-Up.
- Experienced Promoters and a well-trained employee base.
Company Financials
| Period Ended | Total Assets(Lakhs) | Total Revenue(Lakhs) | Profit After Tax(Lakhs) | Net Worth(Lakhs) | Reserves and Surplus(Lakhs) | Total Borrowing(Lakhs) |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 357.87 | 355.27 | 3.8 | 97.63 | -2.37 | 257.36 |
| 31-Mar-21 | 585.73 | 615.74 | 1.91 | 99.54 | -0.46 | 328.98 |
| 31-Mar-22 | 926.29 | 1002.87 | 210.83 | 300.37 | 200.37 | 270.78 |
| 31-Jul-22 | 1183.82 | 482.1 | 93.94 | 779.31 | 382.31 | 160.56 |
Objects of the Issue
The Objects of the Net Issue is to raise funds for:
(a) Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures.
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
Technopack Polymers IPO Details
| IPO Date | Nov 2, 2022 to Nov 7, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Fresh Issue | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters. |
Technopack Polymers IPO Tentative Timetable
Technopack Polymers IPO opens on Nov 2, 2022, and closes on Nov 7, 2022. The Technopack Polymers IPO bid date is from Nov 2, 2022 10.00 A.M. to Nov 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 2, 2022 |
| Closing Date | Nov 7, 2022 |
| Basis of Allotment | Nov 11, 2022 |
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat | Nov 15, 2022 |
| Listing Date | Nov 17, 2022 |
Technopack Polymers IPO Lot Size
The Technopack Polymers IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
Technopack Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Technopack Polymers IPO Review
The company is in the business of Pet Preforms and CCM Caps which is a highly competitive and fragmented segment. The sustainability of margins reported raises concern. Based on its recent financial performance, the issue is lucratively priced. Small equity post IPO indicates longer gestation for migration to the mainboard. Cash surplus/risk seekers may consider parking funds for the medium to long term.
Technopack Polymers IPO Subscription Status (Bidding Detail)
The Technopack Polymers IPO is subscribed 3.29 times on Nov 4, 2022 4:59:00 PM. The public issue subscribed 4.81 times in the retail category, times in the QIB category, and 1.78 times in the NII category.
| Category | Subscription (times) |
|---|---|
| NII | 1.78 |
| Retail | 4.81 |
| Total | 3.29 |
Company Contact Information
Technopack Polymers Limited
M/s Gokul Industries Rafaleshvar Industrial Estate
Nr. Rafaleshvar Rlw. Track, Morbi,
Jambudiya, Dist. Rajkot Gujarat – 363642
Phone: +91 9099070066
Email: compliance@technopackltd.com
Website: https://technopackltd.com/
Technopack Polymers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com