The SMVD Ploy Pack IPO date has been confirmed from December 13, 2017 and ended on December 15, 2017.
Using an IPO, SMVD Ploy Pack is seeking to raise Rs 9.02 crores. Its price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
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Bidding Dates
December 13-15
Price Range
₹55 per share
Face Value
INR 10 per share
GMP
₹11.90
SMVD Ploy Pack IPO GMP
The SMVD Ploy Pack Limited IPO GMP is ₹11.90.
IPO Overview
The SMVD Ploy Pack IPO is a fixed-price offering worth Rs 9.02 crores. Bidding for the SMVD Ploy Pack IPO began on December 13, 2017 and closed on December 15, 2017. On December 26, 2017, the shares were listed on the NSE SME. The IPO price for SMVD Ploy Pack is 55 per share.
A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $100,000. Tata Chemicals Limited is one of the top customers.
SMVD Ploy Pack IPO Details
| IPO Date | December 13, 2017 to December 15, 2017 |
| Listing Date | December 26, 2017 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,640,000 shares (aggregating up to ₹9.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
SMVD Ploy Pack IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
SMVD Ploy Pack IPO Listing Details
| Listing Date | December 26, 2017 |
| BSE Script Code | |
| NSE Symbol | SMVD |
| ISIN | INE702Y01013 |
| Final Issue Price | ₹55 per share |
Company Profile
SMVD Poly Pack Limited, founded in 2010, is a Kolkata-based maker of PP (Polypropylene)/HDPE (High Density Polyethylene) woven sacks, bags, and sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags, and HDPE Tarpaulin. The Company’s 73843.2 Sq. Ft. production facility is located in West Bengal’s Parganas District. The company has an installed capacity of 4420 MT per year. SMVD Poly supports both the B2B and B2C markets. Customers of the company include fertiliser plants, Food Corporation of India, mining and chemical industries,
wheat mills, ceramic industries, steel industries, plastic compounds, rice plants, poultry farms, and so on.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | virenr@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | SMVD Ploy Pack Limited |
| Phone number | 033 22350460 |
| Email ID | cs@smvdpolypack.com |
| Website | smvdpolypack.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
