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G M Polyplast SME IPO Review

SME IPO Status: Listed [30th Sep 2020 to 6th Oct 2020]

Rated 3/5 by Team InvestorGain
GM Polyplast SME IPO Detail

GM Polyplast SME IPO Details

SME IPO Issue Opening Date: 30th Sep 2020
SME IPO Issue Closing Date: 6th Oct 2020
SME IPO Issue Price: ₹159 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE SME
Retail Quota: TBD
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹8.09 Cr
Offer for Sale: 186,000 Eq Shares at ₹159 each [Aggregating to ₹295.74 Lakh]
Fresh Issue: 322,800 Eq Shares at ₹159 each [Aggregating to ₹513.25 Lakh]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 73.65%
BSE Code: 543239

GM Polyplast SME IPO Important Dates

Get important updates regarding GM Polyplast SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

GM Polyplast SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 9th Oct 2020
Refunds Initiation* 13th Oct 2020
Credit of Shares to Demat* 13th Oct 2020
SME IPO Listing Date* 14th Oct 2020

* - Tentative Dates

GM Polyplast SME IPO Lots

SME IPO Activity Date
Issue Price ₹159
Market Lot: 800 Shares
1 Lot Amount: ₹127200
Min HNI Lots: 1600 shares(2 lots)
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About Company - GM Polyplast

About GM Polyplast IPO

GM Polyplast SME IPO of Rs. 809.60 Lakh will be open for subscription on 30th Sep and closes on 1st October. GM Polyplast IPO lot size is 800 shares and IPO price is fixed at Rs. 159 per share that is 15.9 times of the face value of Rs. 10 per share. Let's get here the complete review of GM Polyplast IPO including IPO objectives, business overview, strengths, weaknesses, IPO allotment status, subscription, and more.

Incorporated in: 2003

Issue Size:506,000 Eq Shares at ₹160 each [Aggregating to ₹809.60 Lakh]

Website: http://www.gmpolyplast.com/

About Company - G M Polyplast Limited

G.M. Polyplast Ltd is India's one of the leading manufacturer of different kinds of sheets and granules. The key business activities of the company are to manufacture HIPS, A.B.S., PP sheets, PET sheets such as Amorphous PET, Recycled PET, and High-density Polyethylene sheets, and ESD materials.

It has set-up its manufacturing unit with advanced machines, technology, and automated and semi-automated equipment and facilities. It not just sell its products in the domestic market i.e. Delhi, Haryana, Telangana, Karnataka, Goa, West Bengal, Kerala, Gujrat, Maharashtra, Dadra & Nagar Haveli, MP, UP, Tamil Nadu, etc. but also export its products in the other countries such as Israel, Hong Kong, UAE, and Jordan.

GM Polyplast SME IPO Strengths

  • Well-integrated manufacturing unit with advanced machines and equipments.
  • Diverrsified product portfolio with different kinds of sheets.
  • Widespread geographical presence in domestic as well as international market.
  • Rich management experience.
  • Standard quality management and assurance.
Incorporation Sector IPO Issue Size Website
NULL ₹8.09 Cr http://www.gmpolyplast.com/

GM Polyplast SME IPO Objective

The key objectives to raise funds from GM Polyplast IPO are as follows:

  • To meet the working capital requirements of the business.
  • To utilize the funds for general corporate purposes.
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GM Polyplast SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 241,600 Shares
  • Retail Individual Investor: 241,600 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered241,600 (50%)241,600 (50%)483,200
11st Oct 2020 00:010.09x0.02x0.06x
22nd Oct 2020 00:010.28x0.06x0.17x
32nd Oct 2020 09:120.28x0.06x0.17x
45th Oct 2020 18:521.36x0.52x0.94x
56th Oct 2020 18:522.13x1.07x1.60x
GM Polyplast financial
GM Polyplast IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹2,482.68 Lakh ₹2,537.03 Lakh ₹2,533.25 Lakh
Total Revenue ₹6,342.98 Lakh ₹6,834.50 Lakh ₹5,551.24 Lakh
Net Profit/Loss ₹231.80 Lakh ₹138.04 Lakh ₹92.20 Lakh

Company Address

G M Polyplast Ltd
A-66, New Empire Industrial Estate,
Kondivita Road, Andheri East,,Mumbai-400059
India
Website: http://www.gmpolyplast.com/
Phone: 91-022-2820 9552
Email: [email protected]

GM Polyplast SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: [email protected]

GM Polyplast SME IPO Lead Manager

GM Polyplast SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for GM Polyplast? Should I apply in GM Polyplast SME IPO?

Last Updated on 01-Feb-2021 00:35:26


User Reviews

5. DHAMODHARA POOPATHI Sep 24 2020 01:11:35 AM Reply
GM Polyplast SME IPO expected listing gain.
4. Charan Sep 24 2020 01:11:35 AM Reply
Please confirm GM Polyplast SME IPO GMP (grey market premium) and kostak.
3. Saxena Sep 24 2020 01:11:35 AM Reply
GM Polyplast SME IPO good or bad.
2. Brahmanand Sep 24 2020 01:11:35 AM Reply
GM Polyplast SME IPO whether to invest or not.
1. Gaurav Gupta Sep 24 2020 01:11:35 AM Reply
GM Polyplast SME IPO - CRISIL Rating, Apply or not?.