Technopack Polymers Limited IPO

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i. Technopack Polymers manufactures high-quality PET preform on 48 cavity state-of-art, world-class Milacron Machine and ACME Mould with “TECHNOPET” brand name. The Company also manufactures high-quality CCM CAP.

ii. The Major Product Ranges offered by the Company

1. PET Preforms:

PET (Polyethylene Terephthalate) is a thermoplastic polymer resin of the polyester family. The chemical industry makes it. It is used in synthetic fibers; beverage, food and other liquid containers; thermoforming applications; and engineering resins often in combination with glass fiber.

2. HDPE Cap Closure

iii. Competitive Strengths

  • Factory & Manufacturing Process.
  • Slitting and Folding.
  • Counting & Packing.
  • Experienced Promoters and a well-trained employee base.

Objects of the Technopack Polymers Limited IPO:

The Objects of the Net Issue is to raise funds for: i. Part funding to purchase and set up additional SACMI CCM24S-F plant for manufacturing of HDPE Beverages Closures. ii. Additional Working Capital Requirement iii.  General Corporate Purpose
DRHP of Technopack Polymers Limited IPO
RHP of Technopack Polymers Limited IPO

Technopack Polymers Limited IPO Details:

Open Date: Nov 02 2022
Close Date: Nov 07 2022
Total Shares: 1,430,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 7.87 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 55 Per Equity Share
Listing At: BSE SME
Listing Date: Nov 17 2022

Promoters And Management:

(i) Mr. Kalpesh Pandya, 42 years old having qualification of Commerce Post Graduate, since last 20 years is leading Finance and Marketing Dept. He is broadly experienced in Sales and Marketing vertical and he is looking after sales & distribution of Technopack Group. (ii) Mr. Chetan Pandya, 37 years old is a B.E Mechanical, Certified Boiler Operation Engineer and Certified Energy Auditor. He is the founding member of Technopack Group. His inherent nature to accept challenges and humble learning approach has laid a strong foundation for Technopack Group. He anchors Technopack’s progress both as a visionary as well as an industry expert.

Financials of Technopack Polymers Limited IPO:

Particulars (in crores) Mar 22 Mar-21 Mar-20
Revenue from operations 9 5 3
Cost of Materials Consumed 7 4 2
Purchase of stock in Trade 0.5 0.2 0.3
Change in Inventories -2 -0.3 -0.5
Employee Benifit Expense 0.1 0.1 0.1
Other Expense 0.6 0.7 0.6
Operating Profit 2.8 0.3 0.5
OPM% 31.11% 6.00% 16.67%
Finance Cost 0.2 0.3 0.2
Depreciation 0.5 0.5 0.3
Other Income 0.04 0.3 0.3
Profit (Loss) before tax 2 0.02 0.02
Tax Expense 0.8 0 0
Profit (Loss) for the period 2 0.01 0.03

Comparison With Peers:

Name of the Company CMP FV EPS P/E
Cool Caps Industries Limited 229 10 2.78 71

Recommendation on Technopack Polymers Limited IPO:

Review and Recommendation of Technopack Polymers by IZ team is 4/10 1. The company manufactures high quality PET preform on 48 cavity state-of-art, world class Milacron Machine and ACME Mould with “TECHNOPET” brand name. What is PET? PET (Polyethylene Terephthalate) is a thermoplastic polymer resin of the polyester family. The chemical industry makes it. It is used in synthetic fibers; beverage, food and other liquid containers; thermoforming applications; and engineering resins often in combination with glass fiber. It is one of the most important raw materials used in man-made fibers. 2. The revenue has increased from 3 Crores in Fy20 to 9 Crores in Fy22. 3. PAT has grown from 3 lakh in Fy20 to 2 Crores in Fy22. 4. The IPO is valued at P/E of 15x which looks reasonable. 5. Mcap = 30 Crores

Lead Manager of Technopack Polymers Limited IPO:

  1. ISK Advisors Private Limited

Registrar of Technopack Polymers Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Technopack Polymers Limited M/s Gokul Industries Rafaleshvar Industrial Estate Nr. Rafaleshvar Rlw. Track, Morbi, Jambudiya, Dist. Rajkot Gujarat – 363642 Phone: +91 9099070066 Email: compliance@technopackltd.com Website: https://technopackltd.com/

Discussion on Technopack Polymers Limited IPO:

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