About the Company:
GM Polyplast Ltd is engaged in the business of manufacturing of H.I.P.S, A.B.S & P.E.T sheets, along with sheets we also manufacture the raw material used to manufacture the sheets called as granules.
Company is known in the industry for manufacturing and supplying of high-grade Sheets and Granules in India.
Company provides the best in class quality packaging solutions to esteemed customers spread over all the sectors.
Company has manufacturing facilities and team of experienced staff in production and sales to meet the quality and service expectations of customers.
Company primarily sells products through distributors and retailer and also provide product samples along with catalogue to distributors for reaching out to the wholesale and retail shops in domestic market.
Company’s distribution channel currently covers states of Maharashtra, Gujrat, Kerala, Tamil Nadu, West Bengal, Dadra & Nagar Haveli, Puducherry, Uttar Pradesh, Delhi, Madhya Pradesh, Haryana, Telangana, Karnataka, Uttar Pradesh, Goa,Karnataka, Chhattisgarh, and also we supply to other countries such as UAE, Israel, Jordan, Hong Kong.
Company’s Revenue Model:
Company’s Product Range includes:
- Acrylonitrile Butadiene Styrene (ABS) Plastic Sheets.
- High Impact Polystyrene (HIPS) Sheets.
- PET (Polyethylene Terephthalate) Sheets / Rolls.
- Amorphous Polyethylene Terephthalate (A-PET) Sheet.
- Recycled Polyethylene Terephthalate (R-PET) Sheet.
- HDPE (High Density Polyethylene) Sheets / Rolls.
- PP (Polypoplyne) Sheets / Rolls.
- Electrostatic discharge materials (ESD materials).
Company’s Installed capacity & Capacity Utilization:
Management Team:
- Mr. Dinesh Balbirsingh Sharma (Designation: Managing Director)
- Ms. Sarita Dinesh Sharma (Designation: Executive Director)
Objectives of the Issue:
Offer for sale: (Rs. 2.97 cr)
- Company will not receive any proceeds from the Offer for Sale.
Fresh Issue: (Rs. 5.12 cr)
- To Meet working capital requirement.
- General Corporate Purposes.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 |
|---|---|---|---|
| Revenue | 55.51 | 68.4 | 63.42 |
| Net Profit | 0.92 | 1.38 | 2.1 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| G M Polyplast Limited | 10 | 14.49 | 11.04 | 29.19% | 49.64 |
| Axel Polymers Ltd | 10 | 0.22 | 36.76 | 4.71% | 4.63 |
| Supreme Industries Ltd | 2 | 39.08 | 22.23 | 23.28% | 167.88 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th September 2020 |
| Issue Closes on:. | 6th October 2020 |
| Issue Price | Rs.160 |
| Face Value | Rs.10 |
| Minimum Lot | 800 |
| Minimum Investment | Rs.1,28,000 |
| Issue Constitutes | 26.35% |
| Issue Size | Rs.8.09 cr |
| Market Cap | Rs.30.7 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (OFS+ fresh) | 5,06,000 |
| Equity Shares Prior to the Issue | 16,00,000 |
| Equity Shares after the Issue | 19,20,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 14.49 | 11.04 | 29.19% | 49.64 |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/AllotmentBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| GM Polyplast Ltd A-66 New Empire Industrial Estate Kondivita Road, Andheri East, Mumbai – 400059 Maharashtra, India Tel: +91 – 022-2820 9552 E-mail: info@gmpolyplast.com Website: www.gmpolyplast.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200; E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GRETEX CORPORATE SERVICES PRIVATE LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 4002 5273 / 98368 22199/ 98368 21999 Email: info@gretexgroup.com/ mbk@gretexgroup.com Website: www.gretexcorporate.com |
