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Solve Plastic Products Limited

Solve Plastic Products Limited

listed
₹1.09LMin. investment

Solve Plastic Products Limited IPO Details

Price range₹91.00 – ₹91.00
IPO type
SME
Lot size1200 shares
Issue size₹11.85Cr

Solve Plastic Products Limited Timeline

  1. Bid start
    13 Aug 2024
  2. Bid end
    16 Aug 2024
  3. Allotment
    15 Aug 2024
  4. Release of funds
    20 Aug 2024
  5. Demat transfer
    19 Aug 2024
  6. Listing
    21 Aug 2024

About  Solve Plastic Products Limited

Solve Plastic Products Limited stands as a leading manufacturer of uPVC pipes and rigid PVC electrical conduits, known for its unwavering commitment to innovation and quality. Operating four well-equipped manufacturing facilities—three in Kerala and one in Tamil Nadu—the company leverages state-of-the-art technology and fully automated systems to produce high-quality products that cater to diverse needs. With a dedicated team of engineers, technicians, and operators, Solve Plastic Products Limited ensures excellence in both production and quality control, reinforcing its reputation as a pioneer in the field.
Under the brand name “BALCOPIPES,” the company markets its products through a robust network of 260 authorized dealers and distributors across Kerala, Karnataka, and Tamil Nadu. The company’s products have earned prestigious approvals from agencies such as the Bureau of Indian Standards (BIS), Central Public Works Department (CPWD), and the Military Engineer Services (MES), among others. Notably, in 2024, Solve Plastic Products Limited received a letter of appreciation for achieving Zero Failure License from BIS, highlighting its exceptional quality standards.
Solve Plastic Products Limited is dedicated to environmental sustainability and cost efficiency. The company focuses on using non-hazardous materials, minimizing waste, and eliminating lead from its products. With a forward-thinking approach, it aims to reduce environmental impact while continuously expanding its product range to meet the growing demands of the market. The company’s advanced R&D lab supports its commitment to innovation, ensuring that it remains at the forefront of technology and product development.
With a strong track record of quality, timely delivery, and cost-effectiveness, Solve Plastic Products Limited has cultivated enduring relationships with its customers. Leveraging the experience of its promoters, ongoing research, and robust government support, the company is poised for expansion across India. As it continues to innovate and adapt, Solve Plastic Products Limited remains dedicated to serving the needs of its clients with superior uPVC pipes and electrical conduits, reinforcing its role as a leader in the industry.
Solve Plastic Products Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
  1. Funding Capital Expenditure towards purchase of additional plant and machinery 
  2. To meet the Working Capital Requirements
  3. To meet the Issue Expenses 
  4. General Corporate Purposes

Checklist

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Solve Plastic Products Limited Contact Details

Company NameSolve Plastic Products Limited

How to apply for Solve Plastic Products Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Solve Plastic Products IPO FAQs