Solve Plastic Products IPO

Solve Plastic Products IPO raises ₹11.85 cr via fresh issue of 13.02 lakh shares to fund plant, working capital & general corporate needs.

Important Details

Open Date : August 13, 2024 Close Date : August 16, 2024 Allotment Date: August 19, 2024 Listing Date: August 21, 2024

Important Details

IPO Price: INR 91 per share Lot Size: 91 Shares Total Issue Size: INR 11.85 crores

Fundamental Analysis

Solve Plastic Products IPO  shows mixed performance: 1. Revenue: Steadily increased, Equity: Grown. 2. Profitability & EPS: Improved, RoNW: Rising. 3. Inventory Turnover: Decreased (potential sales/inventory challenges)

Peer Comparison

Solve Plastic Products Ltd: Moderate EPS, strong RoNW. Captain Pipes Limited & Dutron Polymers Ltd: Higher EPS, varied profitability and asset returns.

Objective

Objective of Solve Plastic Products Limited: 1. Fund capital expenditure for new plants and machinery. 2. Meet working capital requirements.

Risks And Challenges

Solve Plastic Products IPO Risks: 1. Machinery procurement delays or cost overruns. 2. Counterfeit products affecting revenue and reputation. 3. Dependence on a single segment impacting stability.