IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size16,40,000 shares (aggregating up to ₹9.02 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 13 Dec 2017
Subscription CloseFri, 15 Dec 2017
Anchor AllotmentTue, 12 Dec 2017
Basis of AllotmentWed, 20 Dec 2017
Initiation of RefundsWed, 20 Dec 2017
Credit of Shares to DematThu, 21 Dec 2017
Listing DateTue, 26 Dec 2017
UPI Mandate Deadline2017-12-15
Application & Investment Details
Retail — Min (1 Lots)110000 — 2000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)220000 — 4000 shares
Net Offer to Public15,56,000 shares (aggregating up to ₹8.56 Cr)
Reserved for Market Maker84,000 shares (aggregating up to ₹0.4620 Cr)
Pre-IPO Promoter Holding33,25,400 shares
Post-IPO Promoter Holding49,65,400 shares
About SMVD Poly Pack Ltd
Incorporated in 2010, SMVD Poly Pack Limited is Kolkata based manufacturer of PP (Polypropylene)/HDPE (High Density Polyethylene) woven sacks bags & Sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags & HDPE Tarpaulin. The 73843.2 Sq. Ft. manufacturing facility of the Company is situated in Parganas District of West Bengal. Company has installed capacity of 4420 MT per annum. SMVD Poly serves both B2B and B2C sectors. Company's customers segment include fertilizer plants, Food Corporation of India, Mining & chemical industries, flour mills, ceramic industries, Steel Industries, Plastic compounds, Rice Plants, Poultry Farms etc. Tata Chemicals Limited is one of the top customers.
Objects of the Issue
SMVD Poly Pack Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Capital Expenditure for Business Expansion
6.52
2
Working Capital Loan requirement
0.96
3
General Corporate Purposes
1
Shareholding & Lock-in
Pre-IPO Promoter Holding
33,25,400 shares
Post-IPO Promoter Holding
49,65,400 shares