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
Overall Subscription
33.99x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
19.76x
High Net-Worth
Retail (RII)
48.23x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 618,000 | 12,212,400 | 19.76x |
| RETAIL | 618,000 | 29,804,400 | 48.23x |
| Total | 1,236,000 | 42,016,800 | 33.99x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 380 | 18,327 | 48.23x |
| HNIs (10L +) | 2 | 40 | 19.76x |
| HNIs (2-10L) | 12 | 237 | 19.76x |
| Total Applications | 394 | 18,604 | 47.22x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Solve Plastic Products Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Solve Plastic Products Limited IPO is ₹7 per equity share. Based on the upper price band of ₹91 to ₹91 per equity share, the estimated listing price is ₹98 (+7.7% expected listing gain).
What is the expected profit per lot for Solve Plastic Products Limited IPO?
With a lot size of 1200 shares and current GMP of ₹7, the expected profit per application lot is approx ₹8,400 (+7.7% gain). Minimum application cost is approx ₹1,09,200.
What is the issue size and price band for Solve Plastic Products Limited IPO?
The Solve Plastic Products Limited IPO aggregate issue size is ₹11.85 Crores with an equity price band set at ₹91 to ₹91 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,09,200.
How can I check Solve Plastic Products Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 33.99x (Retail: 48.23x, QIB: 0.00x, NII: 19.76x). You can track live multiples directly on our dedicated subscription page.
Where and when will Solve Plastic Products Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Integrated Registry Management Services Private Limited) and the BSE status verification website on or around 2024-08-19. Investors can verify status using PAN card or application number.
When is the listing date for Solve Plastic Products Limited IPO?
Solve Plastic Products Limited shares are scheduled to list on NSE on 2024-08-21.