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GM Polyplast Limited - IPO : Invest In GM Polyplast Limited - IPO Online
06 Aug 2023

The new IPO from GM Polyplast Ltd. is another one among the huge list of upcoming IPOs 2023 from the SME sector. If you’re wondering about the GM Polyplast IPO details, here’s everything that you need to know about the latest IPO.

About the company

Incorporated in the year 2003 in Mumbai, GM Polyplast Ltd. is a manufacturing entity involved in the production of High Impact Polystyrene Sheets (HIPS), High Density Polyethylene (HDPE) sheets, Acrylonitrile Butadiene Styrene (ABS) sheets, and PVC sheets, among others. In addition to this, the company is also involved in the production of raw materials used to manufacture the said products.

Thanks to such a large and diversified product portfolio, GM Polyplast Ltd. has been able to expand its client base domestically across various states of the country. The products manufactured by the company are also exported to other foreign countries, such as the UAE, Hong Kong, Jordan, and Israel.

The company has a sophisticated semi-automated facility in Dadra & Nagar Haveli, which is responsible for the manufacture of its products. The company’s net profit as on March 31, 2020 stands at around 231 lakhs.       

GM Polyplast IPO details

Let’s move on to some of the important details of the GM Polyplast Ltd. IPO including the GM Polyplast IPO date  and the GM Polyplast Ltd share price.

GM Polyplast IPO date

The GM Polyplast Ltd. IPO issue would open up to the public on September 30, 2020 and would stay open for 7 days. This effectively means that October 06, 2020 would be the last date of the offer.

GM Polyplast IPO issue size

The total issue size of the latest IPO from GM Polyplast Ltd. would be around 508,800 equity shares, whose value amounts to around Rs. 8.09 crores. Out of the total issue size, around 322,800 equity shares worth Rs. 5.13 crores make up the ‘fresh issue’ component, while around 186,000 equity shares worth Rs. 2.98 crores make up the ‘Offer for Sale (OFS)’ component.

GM Polyplast IPO share price

The face value of the equity shares of GM Polyplast Ltd. is just Rs. 10 per equity share, whereas the offer price of this new IPO is set at Rs. 159 per share. This would allow the company to gain around Rs. 149 per equity share as share premium.

GM Polyplast IPO listing

Since GM Polyplast Ltd. is an SME, the company’s shares would be listed under the EMERGE platform of the National Stock Exchange (NSE).

GM Polyplast IPO objectives

The company plans to use the net proceeds received from the upcoming IPO for the following objectives.

- For meeting the working capital requirements

- For general corporate purposes

Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.

If you already have an existing account, you can login to trade and invest in the IPO.


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