Solve Plastic Products is engaged in manufacturing a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits and markets them under the brand name “BALCOPIPES”. The company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands. The company’s product portfolio includes Solvent cement, Water tanks, Garden hoses, Rigid PVC electrical cables PVC pipes, etc.
The company has 3 (three) well-equipped manufacturing facilities in Kerala and 1 (one) well-equipped manufacturing facility in Tamil Nadu. The company has the latest technology and equipment to help produce high-quality uPVC pipes and electrical conduits of different sizes. Their manufacturing facilities are fully automated. The company also has a well-trained team of engineers, technicians, and operators who help in the production and quality control of the products.
Objects of the Issue:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Solve Plastic Products IPO Review
- Avoid
Solve Plastic Products IPO Date & Price Band Details
| IPO Open: | August 13, 2024 |
| IPO Close: | August 16, 2024 |
| IPO Size: | Approx ₹11.85 Crores, 1,302,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹91 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | 00% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Solve Plastic Products IPO Market Lot
The Solve Plastic Products IPO minimum market lot is 1200 shares with a ₹109,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹109,200 |
| Retail Maximum | 1 | 1200 | ₹109,200 |
| S-HNI Minimum | 2 | 2400 | ₹218,400 |
Solve Plastic Products IPO Dates
The Solve Plastic Products IPO date is August 13 and the IPO close date is August 16. The IPO allotment date is August 19 and the IPO might list on August 21.
| IPO Open Date: | August 13, 2024 |
| IPO Close Date: | August 16, 2024 |
| Basis of Allotment: | August 19, 2024 |
| Refunds: | August 20, 2024 |
| Credit to Demat Account: | August 20, 2024 |
| IPO Listing Date: | August 21, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Solve Plastic Products IPO Form
How to apply Solve Plastic Products IPO? You can apply Solve Plastic Products IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Solve Plastic Products IPO in the Invest section. The other option you can apply Solve Plastic Products IPO via IPO forms download via the NSE website. Check out the Solve Plastic Products forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Solve Plastic Products Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹55.78 | ₹53.98 | ₹-0.41 |
| 2023 | ₹62.25 | ₹58.81 | ₹1.20 |
| 2024 | ₹47.16 | ₹43.50 | ₹1.42 |
Solve Plastic Products IPO Valuation – FY2024
Check Solve Plastic Products IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.66 per Equity Share |
| Price/Earning P/E Ratio: | 19.52 |
| Return on Net Worth (RoNW): | 32.47% |
| Net Asset Value (NAV): | ₹14.31 per Equity Share |
Peer Group
- Captain Pipes Limited
- Rungta Irrigation Limited
- Dutron Polymers Limited
- AIK Pipes and Polymers Limited
Company Promoters
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
Solve Plastic Products IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: [email protected]
Website: https://www.integratedregistry.in/
Solve Plastic Products IPO Allotment Status
Check Solve Plastic Products IPO allotment status on Integrated Registry website URL. Click Here
Solve Plastic Products IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Solve Plastic Products Limited
Door No XIII/690/ABC,
Tholicode, Punalur,
Kollam – 691333
Phone: +91 99956 31001
Email: [email protected]
Website: www.balcopipes.com
