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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹11.85 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹11.85 Cr |
| Fresh Issue | ₹11.25 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹91.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | BALCO |
| Registrar | Integrated Registry Management Services... |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES"
The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala.
The company's product portfolio includes:
The company has a total of 165 employees (excluding the managing directors).
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 5.53 |
| 2 | Working Capital Requirements | 3.83 |
| 3 | Issue Related Expenses | 1.62 |
| 4 | General Corporate Expenses | 0.88 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 22.12 | 18.74 | 18.23 |
| Total Income | 47.16 | 62.25 | 55.78 |
| Profit After Tax | 1.42 | 1.20 | -0.41 |
| NET Worth | 4.39 | 1.93 | 0.72 |
| Reserves and Surplus | 1.32 | -1.11 | -2.31 |
| Total Borrowing | 11.36 | 10.53 | 10.30 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| Debt / Equity | 2.83% |
| RoNW | 32.47% |
| PAT Margin | 9.13% |
| Price to Book Value | 6.36 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.92 | 3.24 |
| P/E (x) | 23.2 | 28.12 |
| Promoter Holding | 90.22% | 63.33% |
| Market Cap | ₹39.75 Cr. | |
