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Natco Polyplast Ltd.

BSE: 526743 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Natco Polyplast Ltd
NSE 05:30 | 01 Jan Natco Polyplast Ltd

Natco Polyplast Ltd. (NATCOPOLYPLAST) - Company History

Incorporated in Oct.'92 as a partnership firm by Devendra J. Jhunjhunwala and Sajjan K Choudhary Natco Polyplast was converted into a public limited company in Jun.'94. The company manufactures and markets high-molecular HDPE blow moulded plastic containers of 100 ltr. It markets its products under the Natco brand name.The company came out with a public issue in Dec.'94 to finance the expansion programme to manufacture plastic containers of 5 ltr 35 ltr and 200 ltr involving the increase in the installed capacity from 600 tpa to 1782 tpa. HM HDPE containers are used for packaging of chemicals dyestuff bulk pharmaceuticals explosives and petrochemicals. The company has its plant in Ahmedabad.Reputed clients of the company include Balmer Lawrie & Company Hindustan Organic & Chemicals Indian Photographic Company American Dryfruits Refnol Resins and Chemicals Pvt Ltd etc.During 1996-97 the company made an offer of 32526600 equity shares of Rs 10 each for cash at par aggregating Rs.325.66 lacs on right basis to the existing Equity shareholders in the ratio of 1:1 and public issue of 1210800 equity shares of Rs.10 each aggregating Rs.121.08 lacs. Both Right & Public issue were closed on 16th Aug'96.