SME IPO Status: Closed [30th Sep 2020 to 6th Oct 2020]
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]
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.
The key objectives to raise funds from GM Polyplast IPO are as follows:
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 Issue Details||Values|
|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|
The table below is live update of SME IPO bidding details from NSE and BSE.
|# of Shares Offered||241,600||241,600||483,200||1||1st Oct 2020 00:01||0.09x||0.02x||0.06x||2||2nd Oct 2020 00:01||0.28x||0.06x||0.17x||3||2nd Oct 2020 09:12||0.28x||0.06x||0.17x||4||5th Oct 2020 18:52||1.36x||0.52x||0.94x||5||6th Oct 2020 18:52||2.13x||1.07x||1.60x|
Past performance and financial results of GM Polyplast.
|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|
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.
|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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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.
Last Updated on 2020-10-01T04:06:43+00:00
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.
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To subscribe or apply in GM Polyplast SME IPO, you can use the following methods:
|GM Polyplast SME IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
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?