Solve Plastic Products IPO Date, Review, Price, Allotment Details

Solve Plastic Products IPO Details: Solve Plastic Products IPO date is fixed, The IPO will open on August 13 and will close on August 16. Solve Plastic Products is a NSE SME IPO to raise ₹11.85 crores via IPO. The Solve Plastic Products IPO price band is fixed at ₹91 with a market lot of 1200 shares.

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.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹109,200
Retail Maximum11200₹109,200
S-HNI Minimum22400₹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
YearRevenueExpensePAT
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

Solve Plastic Products IPO FAQs


What is Solve Plastic Products IPO?

Solve Plastic Products IPO is an NSE SME IPO. They are going to raise ₹11.85 Crores via IPO. The issue is priced at ₹91 per equity share. The IPO is to be listed on NSE.

When Solve Plastic Products IPO will open?

The IPO is to open on August 13, 2024 for QIB, NII, and Retail Investors.

What is Solve Plastic Products IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Solve Plastic Products IPO?

You can apply Solve Plastic Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Solve Plastic Products IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Solve Plastic Products”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Solve Plastic Products IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Solve Plastic Products IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Solve Plastic Products”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Solve Plastic Products IPO Size?

Solve Plastic Products IPO size is ₹11.85 crores.

What is Solve Plastic Products IPO Price Band?

Solve Plastic Products IPO Price Band is ₹91 per equity share.

What is Solve Plastic Products IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹109,200.

What is Solve Plastic Products IPO Allotment Date?

Solve Plastic Products IPO allotment date is August 19, 2024.

What is Solve Plastic Products IPO Listing Date?

Solve Plastic Products IPO listing date is August 21, 2024. The IPO to list on NSE SME.

Note: The Solve Plastic Products IPO details are announced officially. The IPO grey market premium (Solve Plastic Products IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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