IPO Trending
BALCOSME / NSEListed
Solve Plastic Products

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.

drhp
₹91 - ₹9133.99x sub
Listed Price₹102.00
Listing Gain+12.09%

IPO Schedule & Timeline

Fixed Price IPO
Open13 Aug 2024
Close16 Aug 2024
Allotment19 Aug 2024
Listing21 Aug 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail6,18,000 shares
47.5%
Other6,18,000 shares
47.5%
Market Maker66,000 shares
5.07%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,09,200
HNI2 Lots (2,400 shares)
₹2,18,400

Company Promoters

Mr. Sudheer Kumar Balakrishnan NairMr. Susil Balakrishnan NairMr. Balakrishnan Nair

Company Background

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 va...

Lead Managers & Bankers

Finshore Management Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹3492.14 Cr
Growth-17.6%
Revenue Trend (₹ in Crores)
0.02.4k4.8k7.2kMar-21Mar-22Mar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-233,492.14106.011,975.711,067.73
Mar-236,225.43120.271,874.271,053.42
Mar-225,577.89-40.71 1,822.99 1,030.43
Mar-214,237.84-15.372,133.281,271.55

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-24 4.660%0%23.228.1
Mar-23 3.960%0%00
Mar-22-1.340%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Integrated Registry Management Services Private Limited

Allotment Finalized
Allotment Date
19 Aug 2024
Official Status
Out / Finalized
Registrar
Integrated Registry Management Services Private Limited
Listing Date
21 Aug 2024

Official Allotment Verification Links

Official Registrar Portal
Integrated Registry Management Services Private Limited

Direct allotment verification on the official registrar portal appointed for Solve Plastic Products. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Aug 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Aug 2024Trading commences on exchange

How to Check Solve Plastic Products Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Solve Plastic Products from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Solve Plastic Products IPO

Complete issue overview for Solve Plastic Products (BALCO) IPO. The issue features an equity share price band of ₹91 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,09,200). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions