Solve Plastic Products Ltd - IPO

Solve Plastic Products Ltd IPO Details

initial public offer of 13,02,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Solve Plastic Products Limited (the Company or the Issuer) for cash at a price of Rs. 91/- per equity share, including a share premium of Rs. 81/- per equity share (the Issue Price), aggregating to Rs. 11.85 crores (The Issue), of which 66,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 91/- per equity share, aggregating to Rs. 0.60 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 12,36,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 91/- per equity share, aggregating to Rs. 11.25 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 29.81% and 28.30% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 91/- each i.e., 9.1 times of the face value of the equity shares. The minimum lot size is 1,200 equity shares

Objective of issue

Funding capital expenditure towards purchase of additional plant and machinery. Working capital requirements. General Corporate Purposes.

Solve Plastic Products Ltd Contact Details

Solve Plastic Products Ltd, #30 Ramana Residency, 4th Cross Sampige Rd, Malleswaram, Bangalore - 560003

Phone - 91-80-23460815-818

Fax - 91-80-23460819

Email - cs@balcopipes.com

Website - www.balcopipes.com