Technopack Polymers Limited IPO Detail

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 EndedTotal Assets(Lakhs)Total Revenue(Lakhs)Profit After Tax(Lakhs)Net Worth(Lakhs)Reserves and Surplus(Lakhs)Total Borrowing(Lakhs)

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 DateNov 2, 2022 to Nov 7, 2022
Listing Date[.]
Face Value₹10 per share
Price₹55 per share
Lot Size2000 Shares
Issue Size1,430,000 shares of ₹10
(aggregating up to ₹7.87 Cr)
Fresh Issue1,430,000 shares of ₹10
(aggregating up to ₹7.87 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. 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.

EventTentative Date
Opening DateNov 2, 2022
Closing DateNov 7, 2022
Basis of AllotmentNov 11, 2022
Initiation of RefundsNov 14, 2022
Credit of Shares to DematNov 15, 2022
Listing DateNov 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).

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000

Technopack Polymers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.51%

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.

CategorySubscription (times)

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

Technopack Polymers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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