Solve Plastic Products SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Solve Plastic Products IPO. Explore Solve Plastic Products IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Solve Plastic Products Limited is a manufacturer specializing in the production of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. Originally incorporated as a private limited company in 1994 in Kerala, the company operates four state-of-the-art manufacturing facilities across Kerala and Tamil Nadu. Solve Plastic Products markets its products under the brand name BALCOPIPES through a robust network of authorized dealers and distributors.
Key Points:
- Manufacturing Facilities:
- Four manufacturing units: Three in Kerala and one in Tamil Nadu.
- Automated production lines with advanced technology for producing uPVC pipes and electrical conduits.
- Expansion plans to increase production capacity for Rigid PVC Electrical Conduits and introduce HDPE Pipes.
- Product Portfolio: Specializes in uPVC Pipes, Rigid PVC Electrical Conduits, Garden Hoses, Solvent Cement and Water Tank.
- Market Presence:
- Strong network of 260 authorized dealers/distributors across Kerala, Karnataka, and Tamil Nadu.
- Products approved by various government agencies and departments.
- Plans to expand market presence across India.
- Environmental Commitment:
- Prioritizes the use of non-hazardous materials, reducing wastage, and eliminating lead in products.
- Ethical disposal of waste materials and continuous innovation to minimize environmental impact.
Objects of the Issue
- Funding Capital Expenditure towards purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 Aug - 16 Aug 2024 |
| IPO Price Band | ₹ 91 per share |
| Fresh Issue | 13,02,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 11.85 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 Aug 2024 |
| IPO Closing Date | 16 Aug 2024 |
| Basis Of Allotment | 19 Aug 2024 |
| Refunds | 20 Aug 2024 |
| Demat Transfer | 20 Aug 2024 |
| IPO Listing Date | 21 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 42.38 | 55.78 | 62.25 | 47.16 |
| Total Expenses | 40.49 | 53.98 | 58.81 | 43.50 |
| Net Profit/Loss | -0.15 | -0.41 | 1.20 | 1.42 |
| NPM (*) | -0.36 | -0.73 | 1.93 | 3.02 |
| Total Assets | 21.33 | 18.23 | 18.74 | 22.12 |
| Total Liabilities | 20.20 | 17.51 | 16.82 | 17.73 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -0.51 | -1.34 | 3.96 | 4.66 |
| ROE (%) | -5 | -13 | 40 | 46 |
| ROCE (%) | 10 | 19 | 47 | 35 |
| D/E Ratio | 13.66 | 17.02 | 6.35 | 2.83 |
| Current Ratio | 1.01 | 0.85 | 0.91 | 1.03 |
| EBITDA MARGIN (%) | 2.80 | 1.90 | 3.19 | 5.60 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Solve Plastic Products Limited | 46.19 | 19.52 | 4.66 | 32.47 | 14.31 |
| Captain Pipes Limited | 76.35 | 67.81 | 0.27 | 15.61 | 1.73 |
| Rungta Irrigation Limited | 148.77 | 22.34 | 4.47 | 6.50 | 43.60 |
| Dutron Polymers Limited | 119.24 | 42.97 | 4.08 | 9.26 | 44.05 |
| AIK Pipes and Polymers Limited | 37.27 | 24.12 | 6.69 | 15.56 | 34.46 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 19.47 |
| Retail Individual Investor (RII) | 46.76 |
| Total | 34.23 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Integrated Registry Management Services Private limited
Phone: 080-23460815/816/817/818
Email: smeipo@integratedindia.in
Website: www.integratedregistry.in
Company Promoters
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
- Mr. Govind Vinodkumar
- Mr. Aravind Sudheer Kumar
- Mr. Shankar Sudheer Kumar
Lead Managers
- FINSHORE MANAGEMENT SERVICES LIMITED
Company Address
Solve Plastic Products Limited
Door No XIII/690/ABC, Tholicode, Punalur, Kollam, Kerala- 691333, India
Phone: +91 99956 31001
Email: cs@balcopipes.com
Website: www.balcopipes.com
FAQs
- What is the issue size of the Solve Plastic Products SME IPO?The Solve Plastic Products SME IPO has an issue size of Approx ₹ 11.85 crore. This includes a fresh issue of 13,02,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Solve Plastic Products IPO?The price band for the Solve Plastic Products IPO is ₹ 91 per share.
- What are the bidding dates for the Solve Plastic Products IPO?The Solve Plastic Products IPO will open for bidding on 13 Aug 2024 and close on 16 Aug 2024.
- What is the allotment date for the Solve Plastic Products IPO?The allotment date for the Solve Plastic Products IPO is 19 Aug 2024.
- What is the listing date for the Solve Plastic Products IPO?The listing date for the Solve Plastic Products IPO is 21 Aug 2024.
- What is the Solve Plastic Products IPO grey market premium?The grey market premium (GMP) for the Solve Plastic Products IPO is currently at ₹7, with an expected listing gain of approximately 7.69%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.