Solve Plastic Products Limited IPO is all set to lauch on August 13: IPO details Inside
Solve Plastic Products IPO: The Solve Plastic Products IPO set price brand is Rs 91 per share and the investors can bid for a minimum lot size of 1200 Shares.
Solve Plastic Products Limited IPO: Solve Plastic Products is all set to launch public subscriptions on August 13, 2024, and will continue till Friday, August 16, 2024.
The company will issue 13.02 lakh shares which are worth Rs 11.85 crores.
Solve Plastic Products IPO allotment will be finalized on Monday, August 19, 2024, while the Solve Plastic Products shares will be listed on NSE SME is expected on August 21, 2024.
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Solve Plastic Products IPO Details
| IPO Date | August 13, 2024 to August 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,302,000 shares (aggregating up to ₹11.85 Cr) |
| Fresh Issue | 1,302,000 shares (aggregating up to ₹11.85 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹0.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 3,066,250 |
| Shareholding post-issue | 4,368,250 |
| Market Maker portion | 66,000 shares Black Fox Financial |
The Solve Plastic Products IPO set price brand is Rs 91 per share and the investors can bid for a minimum lot size of 1200 Shares.
However, retail investors can bid for a minimum investment of Rs 109,200 or can go higher.
The minimum lot size for HNI investors is 2 lots i.e. 2,400 shares and cost a total of Rs 218,400.
The book running in charge of the Solve Plastic Products IPO is Finshore Management Services Limited while the registration for the issue is being managed by Registry Management Services Private Limited and Black Fox Financial is the market maker of the IPO.
The promoters of the company are Mr. Susil Balakrishnan Nair, Mr. Sudheer Kumar Balakrishnan Nair, and Mr. Balakrishnan Nair.
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