Solve Plastic Products Ltd

Registered Office: Door No.XIII/690/ABC,Tholicode Punalur, Kollam - 691333, Kerala, India. Phone : +91 99956 31001   Fax: Email : cs@balcopipes.com Website :www.balcopipes.com

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 Issue Opens On Closes On 13-Aug-24 16-Aug-24 Money Payable On Application Allotment 91.00 0.00 Minimum Application for shares in Nos : 1200 Further Multiples of : 1200 (.Cr) Lead Managers to the Issue Project Cost (.Cr) 10.23 Finshore Management Services Ltd Project Financed through Current Offer (.Cr) 11.85   Post Issue Equity Share Capital (.Cr) 4.37 Issue Price () 91.00

Projects

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

Promoted By

Sudheer Kumar Balkrishnan Nair

Susil Balakrishnan Nair

Balakrishnan Nair

Listing At

NSE - SME

Registrar to the Issue

No Data Available