Ideal Technoplast Industries IPO Opens Tomorrow at ₹121 per Share: Discover GMP, Key Dates, and More!
The initial public offering (IPO) of Ideal Technoplast Industries will open for subscription on Wednesday, August 21, and close on Friday, August 23. The price for each share has been set at ₹121, and the lot size is 1,000 shares.
About Ideal Technoplast Industries
Ideal Technoplast Industries, established in 2012, specializes in rigid plastic packaging. They supply packaging solutions to various sectors, including paint, agriculture, chemicals, cosmetics, adhesives, lubricants, food, and edible oils. The company’s products include round and square containers, twist containers, and bottles. Their production facility in Surat is equipped with modern technology, including automated lines.
IPO Details
- IPO Value: ₹16.03 crore
- New Issue: 1,325,000 equity shares with a face value of ₹10 each
- No Offer for Sale: The IPO does not include shares being sold by existing shareholders.
Key Dates
- Basis of Allotment: August 26
- Refunds Issued: August 27
- Shares Credited: August 27
- Listing Date: August 28
GMP and Market Info
The grey market premium (GMP) for Ideal Technoplast Industries IPO is currently ₹15. This means shares are trading at ₹136 in the grey market, which is 12.4% higher than the IPO price of ₹121.
Management and Services
- Book Running Lead Manager: Swastika Investmart Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Sunflower Broking
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