Listed Price₹102.00
Listing Gain+12.09%
Price Band₹91
Lot Size1,200 shares
Min Bid₹1,09,200
Subscription33.99x
Listed Market Snapshot
₹102.00Listed price from market data
+12.09%listing gain
Issue Amount
₹11.85 Cr
Listed Price
₹102.00
Current Price
₹22.85
Registrar
Integrated Registry Management Services Private Limited
Timeline•Fixed Price IPO
Open13 Aug 2024
Close16 Aug 2024
Allotment19 Aug 2024
Listing21 Aug 2024
Quota Reservation Portions
RetailPortion: 6,18,000 shares
47.5%OtherPortion: 6,18,000 shares
47.5%Market MakerPortion: 66,000 shares
5.07%Minimum Application Bracket Matrix
Retail1 lots / 1,200 shares
₹1,09,200HNI2 lots / 2,400 shares
₹2,18,400About the Company
Solve Plastic Products Limited, founded in 1994, is a well-known manufacturer of uPVC pipes and Rigid PVC electrical conduits under the brand "BALCOPIPES." With three production units in Kerala and one in Tamil Nadu, the company offers a wide range of products, including solvent cement, water tanks, garden hoses, and electrical cables. Approved by BIS and various government organizations like CPWD, MES, and PWD, its products are trusted for quality. Primarily serving the Kerala market, the company employs 165 professionals and continues to be a reliable name in the industry.
Company Promoters
Mr. Sudheer Kumar Balakrishnan NairMr. Susil Balakrishnan NairMr. Balakrishnan Nair
Lead Managers
Registrar
Integrated Registry Management Services Private Limited