Business Standard

G M Polyplast Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

8.09 cr

Price Range (₹)

159

Lot Size

800

Min Investment (₹)

1,27,200.00

Listing Exchange

BSE - SME

Open Date

30-Sept-2020

Close Date

06-Oct-2020

Listing Date

14-Oct-2020

Latest IPO News

    The Shares of G M Polyplast Ltd have now been listed.

    G M Polyplast Ltd IPO Details

    Public offer of 5,06,000 equity shares of face value of Rs. 10 each (equity Shares) of G M Polyplast Limited (The Company or The Issuer) for cash at a price of Rs. 160.00 per equity share including a share premium of Rs. 150.00 per equity share (The Offer Price) aggregating to Rs, 8.10 crores (The Offer) comprising of a fresh issue of 3,20,000 equity shares aggregating to Rs. 5.12 crores (The Fresh Issue) and an offer for sale of 1,86,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs. 2.98 crores of which 26,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 160.00 per equity share including a share premium of Rs. 150.00 per equity share aggregating to Rs. 0.42 crores will be reserved for subscription by market maker to the offer (The Market Maker Reservation Portion). The Offer less the market maker reservation portion i.e. net offer of 4,80,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 160.00 per equity share including a share premium of Rs. 150.00 per equity share aggregating to Rs. 7.68 crores(The Net Offer). The Offer and The Net offer will constitute 26.35% and 25.00% respectively of the post offer paid up equity share capital of the company. The Face value of the equity share is Rs. 10.00 and the offer price is 16.0 times of the face value of the equity shares.

    Objective of issue

    To meet working capital requirement. General Corporate Purposes.

    G M Polyplast Ltd Contact Details

    G M Polyplast Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@gmpolyplast.com

    Website - www.gmpolyplast.com