IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Solve Plastic Products Ltd

Registered Office : Door No.XIII/690/ABC,Tholicode Punalur,Kollam Kerala 691333 Phone : +91 99956 31001
Fax :

Email : cs@balcopipes.com

Website : www.balcopipes.com

initial public offer of 13,02,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Solve Plastic Products Limited (the "Company" or the "Issuer") for cash at a price of Rs. 91/- per equity share, including a share premium of Rs. 81/- per equity share (the "Issue Price"), aggregating to Rs. 11.85 crores ("The Issue"), of which 66,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 91/- per equity share, aggregating to Rs. 0.60 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 12,36,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 91/- per equity share, aggregating to Rs. 11.25 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 29.81% and 28.30% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 91/- each i.e., 9.1 times of the face value of the equity shares. The minimum lot size is 1,200 equity shares

Issue

Opens On

Closes On

13-Aug-2024

16-Aug-2024

Money Payable On

Application

Allotment

91.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

10.23

11.85

4.37

91.00

Finshore Management Services Ltd

Projects

Funding capital expenditure towards purchase of additional plant and machinery

Working capital requirements

General Corporate Purposes

Promoted By

Sudheer Kumar Balkrishnan Nair

Susil Balakrishnan Nair

Balakrishnan Nair

Listing At

NSE - SME

Registrar to the Issue

Integrated Registry Mgt Ser.Pv