Solve Plastic Products Limited IPO
Solve Plastic Products Limited IPO
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Having completed its public offering, Solve Plastic Products Limited's is now listed and trading on the NSE exchange as of 21-08-2024. The IPO raised cumulative capital of 13,02,000 Shares, including 13,02,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹91 to ₹91 and minimum investment requirement of 1200 shares. subscription activity between 13-08-2024 and 16-08-2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 19-08-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Solve Plastic IPO About Company
Solve Plastic Products Limited, founded in 1994, is a well-known manufacturer of uPVC pipes and Rigid PVC electrical conduits under the brand "BALCOPIPES." With three production units in Kerala and one in Tamil Nadu, the company offers a wide range of products, including solvent cement, water tanks, garden hoses, and electrical cables. Approved by BIS and various government organizations like CPWD, MES, and PWD, its products are trusted for quality. Primarily serving the Kerala market, the company employs 165 professionals and continues to be a reliable name in the industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Solve Plastic IPO Strength Factors
- Trusted Industry Presence: Since 1994, Solve Plastic Products Limited has built a strong reputation for quality with its "BALCOPIPES" brand.
- Experienced Leadership: Guided by seasoned promoters, the company has navigated market challenges and achieved steady growth.
- Skilled Team: A dedicated management team and a motivated workforce of 165 employees help ensure high standards and continued success.
Solve Plastic IPO Risk Factors
- Legal Risks: The company and its key members are involved in legal proceedings. Any negative outcomes could impact business operations and financial stability.
- Expansion Challenges: If the company faces delays or difficulties in executing its growth plans, it could affect operations and financial performance.
- Procurement Delays: The company hasn’t yet ordered the machinery needed for its manufacturing expansion. Any delays in procurement could push back the timeline, increase costs, and slow down operations.
Solve Plastic IPO Lead Manager(s)
- Finshore Managment Services Limited
Solve Plastic IPO Promoter(s)
- Mr. Sudheer Kumar Balakrishnan Nair
- Mr. Susil Balakrishnan Nair
- Mr. Balakrishnan Nair
Solve Plastic IPO FAQs
Solve Plastic Products Limited IPO subscribed 33.99 times. The public issue subscribed 48.23 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 21, 2025 6:52:13 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Solve Plastic IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Solve Plastic IPO FAQs
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .