The Solve Plastic Products IPO subscription status started on August 13, 2024, and NII, and RII are also subscribing to it. The Solve Plastic Products IPO opens on August 13, 2024, and closes on August 16, 2024. Solve Plastic Products IPO has raised ₹11.85 crores through its fresh issue and the Solve Plastic Products IPO price band is fixed at ₹91 per share. You can check Solve Plastic Products IPO GMP here.
Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name “BALCOPIPES”. The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu
Solve Plastic Products IPO reserved shares in this IPO, 50% for NII, and 50% for the retail category have been reserved. To know the Solve Plastic Products IPO Subscription Status, you can see the below-day Subscription.
Solve Plastic Products IPO Review :
👉 Solve Plastic Products IPO Show Review ….👈
- ■ The company is operating in uPVC and Rigid pvc pipes, which is highly competitive and fragmented segment.
- ■ The company top line & bottom line posted strong growth.
- ■ The PE ratio of the company is slightly high.
- ■ The company Issue price is slightly aggressively based on the PE Ratio.
- ■ Based on FY24 the issue appears aggressively priced, Investors can bid the High risk low return.
Solve Plastic Products IPO Subscription Status {Live Update} :
The total Solve Plastic Products IPO Subscription Status subscribed 34.23x times so far, with NII subscribed 19.47x times & RII 46.76x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| NII : | 0.42x | 1.86x | 19.47x |
| RII : | 4.18x | 13.30x | 46.76x |
| Total : | 2.30x | 7.58x | 34.23x |
Solve Plastic Products IPO Net Shares Offered:
| Category | Net EQ Offer | Amount(in Cr) |
| NII : | 618,000 | 5.62 |
| RII : | 618,000 | 5.62 |
| MMRP : | 66,000 | 0.60 |
| Total : | 13,02,000 | 11.85 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Solve Plastic Products IPO Subscription Status FAQs :
How much is the total Solve Plastic Products IPO Subscription Status?
The total Solve Plastic Products IPO Subscription Status 34.23x times Day 3.
What is the Solve Plastic Products IPO retail subscription Status?
Solve Plastic Products IPO Retail Subscription 46.76x times Day 3.
What is the Solve Plastic Products IPO NII subscription status?
Solve Plastic Products IPO NII Subscription 19.47x times Day 3.
When is the Solve Plastic Products IPO Allotment Date?
Solve Plastic Products IPO allotment date is August 19, 2024.
When is Solve Plastic Products IPO Listing Date?
Solve Plastic Products IPO listing date is August 21, 2024. The IPO is to be listed on NSE, SME.
| Solve Plastic Products IPO GMP: Click Here Solve Plastic Products IPO Details: Click Here Solve Plastic Products IPO Allotment: Click Here Solve Plastic Products IPO Listing: Click Here |
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