G M Polyplast Limited IPO

G M Polyplast Limited IPO

G M Polyplast Limited IPO is a BSE SME IPO, which is open for all investors from 30th Sept 2020, Wednesday to 6th Sept 2020, Monday. Promoters are offering 506,000 equity shares to public through this issue which is worth of ₹8.10 Crores. For other IPO details on SG M Polyplast Limited IPO, scroll below

IPO Details

Grey Market Premium of Nirmitee Robotics India Ltd IPOG M Polyplast Limited IPO

GMP of G M Polyplast Limited IPO is currently Not Available. Grey Market Premium will be updated once it’s available

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Company Background

G M Polyplast Limited IPO is a Mumbai-based manufacturer of high-grade sheets such as PVC sheets, HIPS sheets, HDPE sheets, A.B.S. sheets, and others., with an annual revenue of Rupees 6342.98 lakhs.

  • Company has 52 employees on its payroll
  • Company holds 4 insurance policies to mitigate its risks

Date of Incorporation

G M Polyplast Limited was incorporated as “G. M. Polyplast Private Limited” on 27th November 2003. Company was finally converted into a public limited company on 30th July 2020 with a Corporate Identification Number, U25200MH2003PLC143299

Promoters of G M Polyplast Limited IPO

Mr. Dinesh Balbirsingh Sharma and Ms. Sarita Dinesh Sharma are the promoters of the company.

Product & Services Offered

G M Polyplast Limited IPO offers following products & services to its clients:-

  • Acrylonitrile Butadiene Styrene (ABS) plastic sheets, High Impact Polystyrene (HIPS) sheets, PET sheets, A-PET sheets, R-PET sheets, HDPE sheets, PP sheets, ESD material, etc.

Clientele base of the company

Company caters

  • Maharashtra, Gujrat, West Bengal, Tamil Nadu, Puducherry, UP, MP, Delhi, Telangana, Karnataka, Goa, Chhattisgarh, and many others.
  • Overseas market such as the UAE, Israel, Hong Kong, and Jordan.

Purpose of this IPO

Purpose of the issue:

  • Working Capital Requirements
  • General corporate purposes

G M Polyplast Limited IPO Issue Details

Issue Details
Issue Open 30th Sept 2020, Wednesday Issue Close 6th Oct 2020, Tuesday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹160 per equity share Bid Lot & Minimum order quantity 800 Shares
Issue Size ₹8.10 Cr Listing at BSE SME

IPO Timeline


Company Financials

For the year/period ended (₹ in Lacs)
Total Assets 2,482.68 2,537.03 2,533.25
Total Revenue 6,342.98 6,834.50 5,551.24
Profit After Tax 231.8 138.04 92.2

Ratings & Reviews of G M Polyplast Limited IPO

As per experts one could subscribe for longer term

  • Issue is fairly priced

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of G M Polyplast Limited IPO

IPO Lead Managers

Gretex Corporate Services Pvt Ltd is managing the IPO

Address of G M Polyplast Limited

G M Polyplast Limited
A-66, New Empire Industrial Estate
Kondivita Road, Andheri East
Phone: 91-022-2820 9552

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