Solve Plastic Products IPO Subscription Status: Solve Plastic Products IPO is Open on 13 August 2024 and Close on 16 August 2024. Solve Plastic Products IPO to Raise 13,02,000 shares (Approx ₹11.85 Cr) via IPO. The Fresh Issue is 13,02,000 shares (Approx ₹11.85 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
Solve Plastic Products IPO is an SME IPO and Listed on NSE SME. Solve Plastic Products IPO Price Band is Fixed at ₹91 Equity Share. Solve Plastic Products IPO Lot Size is 1200 Shares.
Also Read: Solve Plastic Products IPO Details Today, Date, Price, GMP, Review
Solve Plastic Products IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
Non Institutional Buyers (NIIs)
6,18,000
1,20,34,800
19.47
Retail Individual Buyers (RIIs)
6,18,000
2,88,96,000
46.76
Market Maker
66,000
66,000
1
Total
12,36,000
4,23,03,600
34.23
Solve Plastic Products IPO Subscription Status day-by-day-
Categories
13 Aug
14 Aug
16 Aug
QIB
0.00
0.00
0.00
NII
0.42
1.86
19.47
RII
4.18
13.30
46.76
Total
2.30
7.58
34.23
About IPO :
Solve Plastic Products has received Certificate of Appreciation from Bureau of Indian Standards in recognition of dedication to quality and association with BIS for more than 25 years. Our Company has always strived to provide its clients with the best uPVC pipes and electrical conduits in the market. With the help of the latest technology and equipment, the company has been able to produce high-quality uPVC pipes and electrical conduits that are not only durable but also affordable.
Our company is a quality oriented and innovative company with a wide, comprehensive and cost–effective range of uPVC pipes and electrical conduits. We continuously aim at growing our product range to meet the needs of a growing India. We are committed towards constant innovations in drinking water piping solutions and electrical conduit fittings to meet the constantly increasing demands. Our vision is to prioritized the use of materials that are mostly non-hazardous to the environment, to reduce wastage, zeroize the use of lead in our product & the ethical disposal of waste materials.
At Balco Pipes, we have 4 (four) manufacturing facilities, equipped with advanced R&D Lab, dedicated towards providing superior quality products. Solve Plastic Products Pipes has been successfully manufacturing and marketing its products under the brand name “Balco Pipes” and is well known for its commitment to quality and service.
We believe in qualitative production matching the customer requirements, timely deliverables and cost efficiency and have thereby developed a long-continuing relationship with our customers. With the experience of our Promoters, technological drive, continuous research, supplier and customer relationships, government support and industry demand for uPVC pipes and rigid electrical conduit fittings, our Company serves the products majorly across the state of Kerala and Tamil Nadu and has plans to expand its presence on PAN India basis.
Solve Plastic Products holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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