Solve Plastic Products Limited
ListedSMEMaterials / Capital Goods · NSE
Solve Plastic Products Limited, founded in 1994, is a well-known manufacturer of uPVC pipes and Rigid PVC electrical conduits under the brand "BALCOPIPES." With three production units in Kerala and one in Tamil Nadu, the company offers a wide range of products, including solvent cement, water tanks, garden hoses, and electrical cables. Approved by BIS and various government organizations like CPWD, MES, and PWD, its products are trusted for quality. Primarily serving the Kerala market, the company employs 165 professionals and continues to be a reliable name in the industry.
Price Band
₹91
Issue Size
₹11.85 Cr
Lot Size
1200 shares
GMP
₹7
+7.7%
Est. Listing
₹98
at current GMP
Subscribed
33.99x
overall
Open
13 Aug 2024
Close
16 Aug 2024
Allotment
19 Aug 2024
Refund
20 Aug 2024
Demat Credit
21 Aug 2024
Listing
21 Aug 2024
Last updated 5 months ago
Official Registrar Verification
Solve Plastic Products Limited Allotment Status
Designated Registrar: Integrated Registry Management Services Private Limited
Allotment Date
19 Aug 2024
Basis finalization
Refunds Initiate
20 Aug 2024
Mandate release
Demat Credit
21 Aug 2024
Shares in demat
Listing Debut
21 Aug 2024
Trading begins
How to Check Solve Plastic Products Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Integrated Registry Management Services Private Limited's allotment portal.
- Select Solve Plastic Products Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Solve Plastic Products Limited Public Issue & Market Profile
Solve Plastic Products Limited is bringing an initial public offering (IPO) in the Materials / Capital Goods sector with an aggregate issue size of ₹11.85 Crores. The shares are offered at a price band of ₹91 to ₹91 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,09,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Integrated Registry Management Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-21, while un-allotted funds or UPI block mandates will be released on 2024-08-20.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.