Business Standard

Technopack Polymers Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.87 cr

Price Range (₹)

55

Lot Size

2000

Min Investment (₹)

1,10,000.00

Listing Exchange

BSE - SME

Open Date

02-Nov-2022

Close Date

07-Nov-2022

Listing Date

16-Nov-2022

Technopack Polymers Ltd News

    The Shares of Technopack Polymers Ltd have now been listed.

    Technopack Polymers Ltd IPO Details

    Initial public offer of upto 14,30,000 equity shares of face value of Rs. 10 each (Equity Shares) of Technopack Polymers Limited (the Company or TPL or The Issuer) for cash at a price of Rs. 55 per share (including a share premium of Rs. 45 per equity share) (the Issue Price), aggregating to Rs. 7.87 crores (The Issue), of which upto 71,500 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 13,58,500 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.48% and 25.16%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 5.5 time of the face value.

    Objective of issue

    Part funding to purchase and set up additional SACMI CCM24S-F plnt manufacturing of HDPE beverages closures (Compression moulding machine fully equipped with all ancillaries). Working capital requirements. General corporate purposes.

    Technopack Polymers Ltd Contact Details

    Technopack Polymers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@technopackltd.com

    Website - www.technopackltd.com