Technopack Polymers IPO Ends Today, Here Is A Summary
- IPO Stocks
Sahil Patil- 0
- 9 minutes read
Technopack Polymers Limited Initial Public Offering (IPO) is set to end today. The Technopack Polymers IPO started on November 2, 2022, and was scheduled to go on till November 7, 2022. The time frame was kept short and therefore, not everyone could make their way into investing in it.
Technopack Polymers IPO Details
The objectives set for the Technopack Polymers IPO include raising funds for the points stated below.
- Partly fund the purchase and set up of an additional SACMI CCM24S-F plant to aid the manufacturing of HDPE Beverages Closures
- Fulfilling the need for additional working capital
- General corporate requirements
The Technopack Polymers IPO details have been summarised in the table below.
The bidding time for this IPO investment opportunity is till 5 p.m. today, and one can only get up to 2,000 shares. This is because the lot size is 2,000 shares and would cost ₹1,10,000 considering the sell price of ₹55. On the other hand, the promoter holding data suggests that the pre-issue shareholding percentage stood at 100 while the post-issue one was pegged at 73.51%. Other events that would follow hereafter have been noted in the table provided below.
The time for Technopack Polymers IPO is about to end, and you might need a quick view of the company’s financial performance. Therefore, we have summarised the financial information of the company here. (All values for Technopack Polymers financials are mentioned in ₹ lakhs).
From the data that we have curated, it is clear that the company has made considerable progress in the last few years. This is why the Technopack Polymers IPO might turn out to be a worthy opportunity.
About Technopack Polymers Limited
The official website of the company defines itself as:
“The only company that can provide its customers with an entire range of high-quality plastic packaging solutions and leading corrugated boxes and related packaging material manufacturing company. World-class manufacturing facilities with strict quality standards ensure that products manufactured are of the highest quality and conform to all industry requirements. Using only the latest machines and moulds, Technopack can provide better efficiency and quality than other alternatives and remains the go-to supplier for medium and large scale customers.”
It also mentions that they have over 1,000 clients happy with their service. In addition, the company has acquired an experience of more than 11 years and strives to grow better every day. The Technopack Polymers IPO has still not ended and would be on for today at least. Therefore, if you want to acquire a stake, then hurry up! Also, if you miss this one, then check the list of upcoming IPO options in India that we have linked below.
