Are you looking for information on the Technopack Polymers IPO? You've come to the right place! In this blog post, we'll give you all the details on the IPO, including the date, price, allotment, and more.
Technopack Polymers IPO Review
Technopack Polymers is one of the leading manufacturers of caps, closures, and other packaging solutions for the industry. The company processes over 10000 tons of plastics and paper annually. They supply their products to clients such as Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, Ananta Hotels and Resorts, among others.
The Technopack Polymers IPO is set to open on November 2 and will close on November 7, 2022. The company plans to raise ₹7.87 crores through the IPO. The price band for the IPO has been fixed at ₹55 per share with a minimum lot size of 2000 shares.
Investors considering subscribing to the Technopack Polymers IPO should take a close look at the company's financials as well as the prospects of the packaging industry before making a decision. In this article, we'll provide an overview of Technopack Polymers and discuss some key factors that potential investors should keep in mind before subscribing to the IPO.
Technopack Polymers IPO GMP Live Rates day by day with Kotak rates.
The Technopack Polymers IPO is set to open on November 2, 2022 and will close on November 7, 2022. The company plans to raise ₹7.87 crores through the public issue of shares. The price band for the IPO has been fixed at ₹55 per share. Market lot for the IPO is 2000 shares.
The grey market premium (GMP) is the difference between the issue price and the trading price of the shares in the grey market. The GMP for Technopack Polymers was last reported to be in the range of ₹4-6 per share. The live GMP rates for Technopack Polymers are given below.
Kotak Securities is one of the leading stock broking and investment firms in India. They offer a wide range of services such as equity and derivatives trading, commodities trading, mutual funds, IPOs, insurance, NRI services, and more.
The table below shows the live Kotak Securities rates for Technopack Polymers shares.
Technopack Polymers IPO Date & Price Band Details
Technopack Polymers Ltd is one of the leading manufacturers of caps, closures, and other packaging solutions. The company processes over 10000 tons of plastics and paper annually. They supply their products to clients such as Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, Ananta Hotels and Resorts.
The Technopack Polymers IPO is set to open on November 2nd and will close on November 7th. The company plans to raise ₹7.87 crores through the public issue of shares. The price band for the IPO has been fixed at ₹55 per share with a market lot of 2000 shares.
The grey market premium (GMP) for Technopack Polymers shares was last reported to be in the range of ₹4-6 per share. The live GMP rates for Technopack Polymers are given below in the table.
Kotak Securities is one of the leading stock broking and investment firms in India. They offer a wide range of services such as equity and derivatives trading, commodities trading, mutual funds, IPOs, insurance, NRI services, and more.
The table below shows the live Kotak Securities rates for Technopack Polymers shares.
Technopack Polymers IPO Market Lot
Technopack Polymers has set the market lot for its IPO at 2000 shares. This means that investors will have to bid for at least 2000 shares if they want to participate in the IPO. The market lot is usually determined by the company based on the minimum investment amount that they are willing to accept.
The reason why a market lot is important is because it ensures that small investors do not get priced out of the IPO. By setting a minimum investment amount, the company ensures that only serious investors participate in the IPO. This helps to avoid any last minute cancellations or refunds, which can often happen when small investors try to get in on an IPO.
The market lot for Technopack Polymers is set at 2000 shares, with a minimum investment amount of ₹110,000. This ensures that only serious investors participate in the IPO, which helps to avoid any last minute cancellations or refunds.
Technopack Polymers IPO Dates
Technopack Polymers IPO will open on November 2 and close on November 7, 2022. This IPO is to raise ₹7.87 crores. The market lot for the IPO is set at 2000 shares, with a minimum investment amount of ₹110,000. The company plans to use the funds raised through this IPO for working capital requirements and general corporate purposes.
The Technopack Polymers IPO is an SME IPO and will be listed on the BSE SME Exchange. The lead manager for this IPO is KFin Technologies Pvt Ltd and the Registrar to the Issue is Link Intime India Pvt Ltd.
The Technopack Polymers IPO dates are as follows:
IPO Open: November 2, 2022
IPO Close: November 7, 2022
Finalization of Basis of Allotment: November 10, 2022
Initiation of Refunds: November 11, 2022
Credit of Shares to Demat Accounts: November 12, 2022
Listing Date: November 15, 2022
Technopack Polymers IPO Form
The Technopack Polymers IPO Form will be available on the website of the lead manager to the IPO, Kotak Securities. The form can be downloaded from the website and can be submitted online or offline.
Investors interested in applying for the Technopack Polymers IPO can do so by filling up the IPO application form and submitting it to Kotak Securities. The form can be downloaded from the website of Kotak Securities. The completed form, along with the required documents, should be submitted to Kotak Securities either online or offline.
The important details that need to be filled in the Technopack Polymers IPO Form are as follows:
- Applicant's name
- PAN number
- Depository Participant (DP) details
- Bank account details
- Demat account details
- Nominee details (if any)
- Folio number (if any)
Technopack Polymers Company Financial Report
Technopack Polymers Limited is a company that manufactures caps, closures, and other packaging solutions. It was incorporated in 1995 and is based in Mumbai, India. As of March 31, 2020, the company had a total of 1,206 employees.
The company's products are used by clients in the food and beverage, pharmaceuticals, cosmetics, and personal care industries. Technopack Polymers Limited offers a wide range of products such as PET preforms, HDPE/PP closures, jars, lids, bottles, and containers.
In 2019, Technopack Polymers Limited reported a revenue of Rs. 787 crore (US$110 million), an increase of 17% from the previous year. The company's net profit for the year was Rs. 36 crore (US$5 million), an increase of 14% from 2018.
Technopack Polymers IPO Valuation – FY2022
Technopack Polymers Ltd is set to launch its initial public offering (IPO) on November 2, 2022. The company plans to raise ₹7.87 crore through the sale of fresh shares. Technopack Polymers is a leading manufacturer of caps, closures and other packaging solutions for the industry. The company processes over 10,000 tons of plastics and paper annually.
The IPO price band has been fixed at ₹55 per share. The market lot size for the IPO is 2000 shares. Technopack Polymers Ltd has appointed KFin Technologies Pvt Ltd as the registrar and transfer agent (RTA) for the IPO.
The company was incorporated in 2007 and is based in Mumbai, Maharashtra. Technopack Polymers is promoted by Rajkumar Jain and Amit Jain. The company supplies its products to customers such as Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, Ananta Hotels and Resorts, among others.
Technopack Polymers’ ipo valuation – FY2022:
To value Technopack Polymers’ ipo at ₹7.87 crore , we will use the diluted earnings per share (EPS) method. For the fiscal year ended March 31, 2022 , Technopack Polymers reported a profit after tax of ₹4.37 crore on revenue of ₹107 crore . This gives us an EPS of ₹2.54 . Based on this EPS , and using a conservative P/E ratio of 15x , we arrive at a valuation of ₹38 crore for Technopack Polymers’ ipo .
Peer Group
Technopack Polymers’ peer group includes companies such as Haldia Petrochemicals, National Aluminium Company, and Hindustan Petroleum Corporation.
Haldia Petrochemicals is one of the largest petrochemical complexes in India. The company has a total capacity of 1.1 million metric tonnes per annum (MMTPA) of ethylene and propylene. Haldia Petrochemicals’ product portfolio includes polymers, monomers, solvents, and intermediates.
National Aluminium Company is a leading aluminium producer in India with an installed capacity of 2.28 MMTPA. The company’s product portfolio includes primary aluminium ingots, billets, wire rods, sheets, coils, foils, extrusions, and rolling products.
Hindustan Petroleum Corporation is a leading oil and gas company in India with an installed refining capacity of 18 MMTPA. The company’s product portfolio includes petrol, diesel, kerosene, aviation turbine fuel (ATF), lubricants, bitumen, LPG cylinders, and natural gas.
Company Promoters
The company is promoted by Rajkumar Jain and Amit Jain.
Rajkumar Jain is the Chairman and Managing Director of Technopack Polymers. He has over 20 years of experience in the packaging industry. He holds a bachelor's degree in commerce from Delhi University and is a qualified chartered accountant.
Amit Jain is the Joint Managing Director of Technopack Polymers. He has over 15 years of experience in the packaging industry. He holds a bachelor's degree in commerce from Delhi University and is a qualified chartered accountant.
Technopack Polymers IPO Registrar
Technopack Polymers has appointed KFin Technologies Pvt Ltd as the registrar and transfer agent (RTA) for the IPO.
KFin Technologies is a leading provider of financial technology solutions. The company offers a wide range of services, including share registration, shareholder communication, e-voting, and e-IPO processing. KFin Technologies has a strong track record of providing quality service to its clients. The company has a team of experienced professionals who are well-versed in the financial technology sector.
KFin Technologies is committed to providing high-quality service to its clients. The company has a team of experienced professionals who are well-versed in the financial technology sector. KFin Technologies has a strong track record of providing quality service to its clients. The company offers a wide range of services, including share registration, shareholder communication, e-voting, and e-IPO processing.
Technopack Polymers IPO Allotment Status
The Technopack Polymers IPO allotment status will be announced on November 10, 2022. The IPO committee will finalize the basis of allotment on November 9, 2022. The share allocation will be done on a proportionate basis.
The IPO Allotment Status will be announced on November 10, 2022. The IPO Committee will finalize the basis of allotment on November 9, 2022 and the share allocation will be done on a proportionate basis.
Technopack Polymers IPO Lead Managers
Technopack Polymers has appointed Axis Capital and ICICI Securities as the Lead Managers for its upcoming Initial Public Offer (IPO). The company will raise ₹7.87 crores through the public offer, which is scheduled to open on November 2 and close on November 7, 2022.
Technopack Polymers is one of the leading manufacturers of Caps, Closures, and other packaging solutions for the industry. The company processes over 10000 tons of plastics and paper annually. They supply their products to the clients like Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, Ananta Hotels and Resorts, and more.
This will be Technopack Polymers' first public offer and it aims to use the proceeds to fund working capital requirements and general corporate purposes.
Company Address
Technopack Polymers Limited is a leading manufacturer of caps, closures, and other packaging solutions based in Mumbai, India. The company was founded in 1995 and today processes over 10000 tons of plastics and paper annually. Technopack Polymers supplies its products to major clients such as Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, Ananta Hotels and Resorts.
The company has two state-of-the-art manufacturing facilities located in Mumbai and Daman that are equipped with the latest machinery and technology. Technopack Polymers is an ISO 9001:2008 certified company and follows Good Manufacturing Practices (GMP) guidelines.
Technopack Polymers IPO date is fixed for November 2-7, 2022. The IPO will help the company raise ₹7.87 crores to fund expansion plans. The Technopack Polymers IPO price band is set at ₹55 per share with a market lot of 2000 shares.
Technopack Polymers IPO FAQs
FAQs
1. What is the IPO date for Technopack Polymers?
The IPO date for Technopack Polymers is set for November 2-7, 2022.
2. How much money does Technopack Polymers hope to raise through the IPO?
Technopack Polymers is looking to raise ₹7.87 crores through the IPO.
3. What is the price per share for Technopack Polymers?
The price per share for Technopack Polymers is set at ₹55.
4. What is the minimum number of shares that can be bought in the IPO?
The minimum number of shares that can be bought in the IPO is 2000.
5. What are some of Technopack Polymer's major clients?
Some of Technopack Polymer's major clients include Patanjali, Honest, Sosyo, Gallons, Himsagar, Italica, CherryOn, IMERYS, Letina, Hagoori, Prime Aqua, ACKO, Apple Pure, and Ananta Hotels and Resorts.
0 Comments