Solve Plastic Products Limited IPO GMP

Solve Plastic Products is engaged in manufacturing of comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed towards constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

Solve Plastic Products, a Fixed Price Issue amounting to ₹11.84 crores, consisting entirely a Fresh Issue of 13.02 Lakh Shares. The subscription period for the Solve Plastic Products IPO opens on August 13, 2024, and closes on August 16, 2024. The allotment is expected to be finalized on or about Monday, August 19, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, August 21, 2024.

The Share price of Solve Plastic Products IPO is set at ₹91 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹109,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹218,400.

FINSHORE MANAGEMENT SERVICES LIMITED is the book-running lead manager, INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LIMITED is the registrar for the Issue. M/s. Black Fox Financial Private Limited will act as the Market Maker for the Solve Plastic Products IPO.

Solve Plastic Products Limited IPO GMP Today
The Grey Market Premium of Solve Plastic Products Limited IPO is expected in the range of ₹5 to ₹10 based on the financial performance and Subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Solve Plastic Products Limited IPO Live Subscription Status Today
As of 09:50 PM on 14 August 2024, the Solve Plastic Products Limited IPO live subscription status shows that the IPO subscribed 7.08 times on on the first day of subscription period. Check the Solve Plastic Products Limited IPO Live Subscription Status Today at NSE.

Solve Plastic Products Limited IPO Allotment Status
Solve Plastic Products IPO allotment date is 19 August, 2024, Monday. Solve Plastic Products IPO Allotment will be out on 19th August 2024 and will be live on Registrar Website from the allotment date. Check Solve Plastic Products Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Solve Plastic Products Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Solve Plastic Products Limited IPO
Solve Plastic Products Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
A. ₹552.64 Lakhs is required for Funding Capital Expenditure towards purchase of additional plant and machinery 
B. ₹382.55 Lakhs is required for To meet the Working Capital Requirements 
C. ₹161.63 Lakhs is required for To meet the Issue Expenses 
D. ₹88.00 Lakhs is required for General Corporate Purposes

Refer to Solve Plastic Products Limited RHP for more details about the Company.