G M Polyplast SME IPO Review

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

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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 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.

GM Polyplast SME IPO Details

GM Polyplast SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

GM Polyplast SME IPO Details
GM Polyplast Issue Details Values
IPO Category SME
SME IPO Issue Type Fixed price IPO
SME IPO Issue Size 508,800 Eq Shares at ₹159 each [Aggregating to ₹808.99 Lakh]
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 Issue Price ₹159
SME IPO Discount NA
Market Lot 800 Shares
Min Retail Qty 800 shares (1 lot)
Max Retail Qty
Promoter Holding Pre IPO 100%
Promoter Holding Post IPO 73.65%
IPO Listing At BSE SME
BSE Code
NSE Code

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 Offered241,600241,600483,200
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 Financials for past 3 Years

Past performance and financial results of GM Polyplast.

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

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.

GM Polyplast SME IPO Threats/Weaknesses

  • Uncertainty around COVID-19 pandemic on business activities.
  • License, registration, and permits requirement in general course of business.
  • Foreign exchange rate fluctuations.
  • Volatility in raw material price will directly affect manufacturing costs.

GM Polyplast SME IPO Recommendations

GM Polyplast SME IPO Important Dates

In this section we have covered all important dates related to GM Polyplast SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

GM Polyplast SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open Date 30th Sep 2020
SME IPO Issue Close Date 6th Oct 2020
Basis of Allotment Finalisation Date* 9th Oct 2020
Refunds Initiation* 13th Oct 2020
Credit of Shares to Demat Account* 13th Oct 2020
SME IPO Listing Date* 14th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

GM Polyplast SME IPO Draft Prospectus >>Document

GM Polyplast SME IPO Red Herring Prospectus >>Document

GM Polyplast SME IPO Allotment Status >>GM Polyplast SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

G M Polyplast Ltd
A-66, New Empire Industrial Estate,
Kondivita Road, Andheri East,
Mumbai-400010
Website: http://www.gmpolyplast.com/
Email: [email protected]
Phone: 91-022-2820 9552

Registrar

Bigshare Services Private Ltd
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol,
Andheri East, Mumbai 400 059

Lead Manager

  1. Gretex Corporate Services Private Limited
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 2020-10-01T04:06:43+00:00

GM Polyplast SME IPO FAQs

  1. 1. How to subscribe GM Polyplast SME IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase GM Polyplast SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply GM Polyplast SME IPO with Zerodha.

    Alternate approch to apply in GM Polyplast SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    GM Polyplast SME IPO Review and Important Updates

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  2. 2. How to apply in GM Polyplast SME IPO online?

    Apply in GM Polyplast SME IPO online

    To subscribe or apply in GM Polyplast SME IPO, you can use the following methods:

    GM Polyplast SME IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in GM Polyplast SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in GM Polyplast SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in GM Polyplast SME IPO. Most of the Syndicate Banks provide access to apply in GM Polyplast IPO via ASBA process. You must have your net banking access, DP ID information to apply in GM Polyplast SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in GM Polyplast SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    GM Polyplast SME IPO Review and Important Updates

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  3. 4. What is the listing date of GM Polyplast SME IPO?

    GM Polyplast SME IPO is going to be list on 14-10-2020.

    Other relevant questions:

    When GM Polyplast SME IPO will be listing? GM Polyplast SME IPO listing date?GM Polyplast SME IPO date of listing

     

  4. 5. When GM Polyplast SME IPO will be allocated?

    GM Polyplast SME IPO Allotment Date is 9-10-2020.

    Other relevant questions:

    GM Polyplast SME IPO share allotment date?GM Polyplast SME IPO allotment date?

     

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User Comments

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5. DHAMODHARA POOPATHI  9/24/2020 1:11:35 AM Reply
GM Polyplast SME IPO expected listing gain.
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4. Charan  9/24/2020 1:11:35 AM Reply
Please confirm GM Polyplast SME IPO GMP (grey market premium) and kostak.
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3. Saxena  9/24/2020 1:11:35 AM Reply
GM Polyplast SME IPO good or bad.
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2. Brahmanand  9/24/2020 1:11:35 AM Reply
GM Polyplast SME IPO whether to invest or not.
avatar
1. Gaurav Gupta  9/24/2020 1:11:35 AM Reply
GM Polyplast SME IPO - CRISIL Rating, Apply or not?.

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