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Solve Plastic Products Limited IPO (Solve Plastic Products IPO) Details

Solve Plastic Products Limited

Solve Plastic Products IPO's overview

Solve Plastic Products IPO bidding started from Aug 13, 2024 and ended on Aug 16, 2024. The allotment for Solve Plastic Products IPO was finalized on Aug 19, 2024. The shares got listed on NSE on Aug 21, 2024.

Solve Plastic Products IPO price band is set at ₹0 to ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹0.

Refer to Solve Plastic Products IPO RHP for detailed information.

  • IPO date

    Aug 13,2024 - Aug 16,2024

  • Listing Date

    Aug 21,2024

  • Face value

    ₹10

  • Price Band

    0₹91 per share

  • Lot

    ₹1200 Shares

  • Total Issue Size

    13.02 Lakh (13,02,000)

    aggregating up to ₹11.85 Cr (11,84,82,000)

  • Fresh Issue

    13.02 Lakh (13,02,000)

    aggregating up to ₹11.85 Cr (11,84,82,000)

  • Issue Type

    Fixed Price

  • IPO Type

    SME

  • Listing At

    NSE

  • Tue, Aug 13, 2024

    IPO Open

  • Fri, Aug 16, 2024

    IPO Close

  • Mon, Aug 19, 2024

    Basis of Allotment

  • Tue, Aug 20, 2024

    Initiation of Refunds

  • Tue, Aug 20, 2024

    Credit of Shares to Demat

  • Wed, Aug 21, 2024

    Listing

Solve Plastic Products IPO Day-wise IPO GMP Trend

Solve Plastic Products IPO last GMP is ₹0, last updated Aug 20,2024. With the price band of 91.00, Solve Plastic Products IPO's estimated listing price is ₹91 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
20-Aug-2491.000
91(0.00%)20-Aug-2024 16:59
19-Aug-2491.000
91(0.00%)19-Aug-2024 23:32
18-Aug-2491.000
91(0.00%)18-Aug-2024 23:28
17-Aug-2491.000
91(0.00%)17-Aug-2024 23:28
16-Aug-2491.000
91(0.00%)16-Aug-2024 23:30
15-Aug-2491.000
91(0.00%)15-Aug-2024 23:25
14-Aug-2491.000
91(0.00%)14-Aug-2024 23:29
13-Aug-2491.000
91(0.00%)13-Aug-2024 23:25
12-Aug-2491.000
91(0.00%)12-Aug-2024 23:32
11-Aug-2491.000
91(0.00%)11-Aug-2024 23:32
10-Aug-2491.000
91(0.00%)10-Aug-2024 23:29
09-Aug-2491.000
91(0.00%)9-Aug-2024 23:28

Solve Plastic Products IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,200₹1.09 Lakh (1,09,200)

Retail(Max)

11,200₹1.09 Lakh (1,09,200)

HNI(Min)

22,400₹2.18 Lakh (2,18,400)

Solve Plastic Products IPO Reservation

Investor CategoryShares Offered
Offered to RII6.18 Lakh (6,18,000)
Offered to Others6.18 Lakh (6,18,000)

Solve Plastic Products IPO Financial Information (Restated Consolidated)

LabelMar 31, 2022Mar 31, 2023Mar 31, 2024
Assets1,822.991,874.272,211.53
Revenue 5,577.896,225.43 4,715.73
Profit After Tax-40.71 120.27142.48
Net Worth 72.29192.56438.79
Reserves and Surplus-231.21-110.94132.16
Total Borrowing1,030.431,053.42 1,136.42

About Solve Plastic Products Limited

Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES"

The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.

The company's product portfolio includes:

  • Solvent cement
  • Water tank
  • Garden hoses
  • Rigid PVC electrical cables PVC pipes

The company has a total of 165 employees (excluding the managing directors).

Solve Plastic Products IPO's documents

Solve Plastic Products Limited Contact Details

Solve Plastic Products Limited
Door No XIII/690/ABC,
Tholicode, Punalur,
Kollam - 691333
Phone: +91 99956 31001
Email: [email protected]
Website: https://www.balcopipes.com/

Solve Plastic Products IPO's Promoters

Mr. Sudheer Kumar Balakrishnan Nair, Mr. Susil Balakrishnan Nair, and Mr. Balakrishnan Nair are the promoters of the company.