Incorporated in 2018, Technopack Polymers Limited produces premium PET preform using a 48 cavity, cutting-edge Milacron machine and an elite ACME mould under the “TECHNOPET” brand. Additionally, the business produces premium CCM CAP.
PET Polyethylene Terephthalate is part of Technopack Polymers Limited’s product line (PET Preforms are utilised by customer businesses for the packaged drinking water sector, Carbonated Soft Drinks, etc.), and Cap-Closure is constructed of HDPE plastic granules.
For the production of PET Preform & Cap Closure, the company has completely automatic machinery in Rajkot, Gujarat.
Key Strengths :
- The Factory and the Manufacturing Process
- Raw material storage
- Folding and slitting
- Counting and packaging
- Customers and Marketing Plan
- Experienced Promoters and a well-trained workforce
Objects of the Issue :
- (a) Part funding for the purchase and installation of an additional SACMI CCM24S-F plant for the production of HDPE beverage closures.
- (b) Requirement for Additional Working Capital
- (c) General Corporate Goals
Technopack Polymers IPO Details :
| IPO Date | Nov 2, 2022 to Nov 7, 2022 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Fresh Issue | 1,430,000 shares of ₹10 (aggregating up to ₹7.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Kalpeshkumar Ishwarlal Pandya and Mr. Chetankumar Ishvarlal Pandya are the company promoters. |
IPO Tentative Timetable :
The IPO for Technopack Polymers begins on November 2, 2022 and ends on November 7, 2022. The IPO bid date for Technopack Polymers is November 2, 2022 at 10 a.m. until November 7, 2022 at 5.00 p.m. The deadline for UPI Mandate confirmation is 5 p.m. on the day the issue closes.
IPO Lot Size :
The lot size for the Technopack Polymers IPO is 2000 shares. Individual retail investors can apply for up to 1 lot (2000 shares or 110,000).
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
IPO Promoter Holding :
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
IPO Form :
There are two ways to apply for Technopack Polymers IPO. The first is through ASBA, which is available in your bank account. You must log in to your online bank account, select Technopack Polymers IPO in the Invest section, and apply using your bank account.
Another option is to apply for Technopak Polymers IPO via NSE and BSE IPO form download. Check out the Technopack Polymers IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and send it to your bank or broker.