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Company Contact Information
Solve Plastic Products Ltd
Registered Office: Door No.XIII/690/ABC, Tholicode Punalur, Kollam - 691333, Kerala
Phone: +91 99956 31001
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
IPO Details
Issue Money Payable On
Opens On Closes On Application Allotment
13-Aug-2024 16-Aug-2024 ₹ 91.00 ₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0
(₹)Cr. Lead Managers to the Issue
Project Cost 10.23 Finshore Management Services Ltd
Project Financed through Current Offer 11.85
Post Issue Equity Share Capital 4.37
Issue Price ₹91.00
Projects
Projects
Funding capital expenditure towards purchase of additional plant and machinery
Working capital requirements
General Corporate Purposes
Promoted By
Promoted By
Sudheer Kumar Balkrishnan Nair
Susil Balakrishnan Nair
Balakrishnan Nair
Listing At
Listing At
NSE - SME
Registrar to the Issue
Registrar to the Issue
Integrated Registry Mgt Ser.Pv

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