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15 Days Price Change

Solve Plastic Prod IPO

Closing In

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WEBSITE Inc. Year: 1994 Industry: Plastic Products Listed Page

Profile
Issue Size --
Profile
Price Range 91  to  91 per share
Profile
Min Investment ₹91
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Solve Plastic Products Limited is a manufacturing company specializing in the production of plastic goods. Established to address the growing demand for durable and versatile plastic products, the company offers a wide range of items used in various industries, including packaging, construction, and consumer goods. Their product line includes items such as containers, plastic films, pipes, and fittings, designed to meet both industrial and everyday needs. The company emphasizes quality control and sustainability, utilizing modern manufacturing techniques to ensure high standards while minimizing environmental impact. With a focus on innovation, Solve Plastic Products Limited continuously develops new products to cater to emerging market needs. The company serves a diverse clientele, ranging from large industrial firms to small businesses, and is committed to providing reliable, cost-effective solutions in the plastic manufacturing sector. Read More

Basic Info

Face Value 10 per share

Price 91  to  91 per share

P/E (x) -7.3

Sales( Cr.) 41

PAT( Cr.) -5

EPS -12.4

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Sudheer Kumar Balakrishnan Nair Mr. Susil Balakrishnan Nair Mr. Balakrishnan Nair.

Pre Issue Share Holding 90.22%

Post Issue Share Holding 49.87%

Listing Details:

Listing Price: 102

Listing Gain: 10.78%

Current Price: 20.4

Gain On Issue: 20.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 13, 2024
Closing Date Aug 16, 2024
Allotment Aug 19, 2024
Refund Aug 20, 2024
Delivery of Shares Aug 20, 2024
Listing Date Aug 21, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 109,200
Retail (Max) 1 1200 109,200
S-HNI (Min) 2 2400 218,400
S-HNI (Max) 9 10800 982,800
B-HNI (Min) 10 12000 1,092,000

Objective of the Issue

1. Funding Capital Expenditure towards the purchase of additional plant and machinery 2. To meet the Working Capital Requirements 3. To meet the Issue Expenses 4. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 651000 12674970 19.5x
Retail 651000 30440760 46.8x
EMP 0 0 0x
Total 1302000 44567460 34.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Solve Plastic Prod Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 42 55 61 46 41
Other Income 1 1 1 1 0
Total Income 42 56 62 47 42
Total Expenditure 40 54 59 43 45
Operating Profit 2 2 3 4 -4
Interest 2 1 1 2 1
Depreciation 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -1 -1 1 1 -6
Provision for Tax -1 -0 0 0 -1
Profit After Tax -0 -0 1 1 -5
Adjustments 0 0 0 0 0
Profit After Adjustments -0 -0 1 1 -5
Adjusted Earnings Per Share -0.5 -1.3 4 4.6 -11

Solve Plastic Prod Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 1 2 4 10
Minority's Interest 0 0 0 0 0
Borrowings 5 3 3 3 3
Other Non-Current Liabilities -1 -1 -0 -0 -1
Total Current Liabilities 14 13 13 14 11
Total Liabilities 20 17 18 21 22
Fixed Assets 6 5 5 5 6
Other Non-Current Assets 0 0 0 1 1
Total Current Assets 14 11 12 14 16
Total Assets 20 17 18 21 22

Solve Plastic Prod Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities 2 5 2 2 -3
Cash Flow from Investing Activities -0 -1 -1 -2 -1
Cash Flow from Financing Activities -2 -5 -1 -0 7
Net Cash Inflow / Outflow -0 0 -0 0 3
Closing Cash & Cash Equivalent 0 0 0 0 3

Solve Plastic Prod Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.51 -1.34 3.96 4.65 -10.96
CEPS(Rs) 3.38 1.63 6.69 7.16 -8.79
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 3.72 2.38 6.34 14.31 22.84
Core EBITDA Margin(%) 2.95 1.97 3.23 5.97 -9.54
EBIT Margin(%) 1.69 1.63 4.31 6.4 -10.92
Pre Tax Margin(%) -2.3 -0.96 2.03 3.13 -13.3
PAT Margin (%) -0.37 -0.74 1.98 3.08 -11.55
Cash Profit Margin (%) 2.46 0.9 3.34 4.75 -9.26
ROA(%) -0.76 -2.18 6.95 7.39 -22.13
ROE(%) -13.6 -43.94 90.82 45.13 -66.66
ROCE(%) 4.25 6.07 19.27 19.1 -24.72
Receivable days 43.92 31.48 25.82 36.24 41.72
Inventory Days 60.92 43.71 38.79 56.53 60.06
Payable days 20.8 20.49 18.04 22.96 24.9
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 1.09
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.44 0.28 0.25 0.33 0.43
EV/Core EBITDA(x) 9.79 8.52 4.43 4.15 -4.98
Net Sales Growth(%) 0 31.98 10.36 -23.99 -10.24
EBIT Growth(%) 0 27.42 191.5 12.86 -253.2
PAT Growth(%) 0 -164.87 395.43 18.47 -436.05
EPS Growth(%) 0 -164.89 395.42 17.26 -335.89
Debt/Equity(x) 13.66 17.02 6.35 2.83 0.99
Current Ratio(x) 1.01 0.85 0.91 1.03 1.49
Quick Ratio(x) 0.53 0.39 0.41 0.48 0.92
Interest Cover(x) 0.42 0.63 1.89 1.96 -4.59
Total Debt/Mcap(x) 0 0 0 0 0.9

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% -9% 0% 0%
Operating Profit CAGR -200% NAN% 0% 0%
PAT CAGR -600% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -41% NA% NA% NA%
ROE Average -67% 23% 2% 2%
ROCE Average -25% 5% 5% 5%

Company Contact Information

Solve Plastic Products Ltd.

Door No X I I I / 690 / A B C Tholicode Punalur

IPO Lead Manager(s)

Solve Plastic Products Ltd.

Finshore Management Services Ltd.

Registrar Info

Solve Plastic Products Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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