Time Technoplast IPO
Time Technoplast IPO — date, price band, lot size & details 2007
Time Technoplast listed on 13 Jun 2007 at ₹489.8, 55.5% above the ₹315 issue price.
Time Technoplast makes polymer products such as industrial packaging drums, lifestyle products, auto components, healthcare and infrastructure products. Its total income was Rs 2628.24 million in FY2006.
Stock price
Time Technoplast is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 18 May 2007
- Close 23 May 2007
- Allotment 05 Jun 2007
- Refund/credit TBA
- Listing 13 Jun 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 23 May, 2007 |
|---|---|
| Price Band | ₹290 – ₹315 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹123.53 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹315 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹6,300 |
| Retail (max) | 31 | 620 | ₹1,95,300 |
| S-HNI (min) | 32 | 640 | ₹2,01,600 |
| S-HNI (max) | 158 | 3,160 | ₹9,95,400 |
| B-HNI (min) | 159 | 3,180 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1244.08 million in FY2004 to Rs 2628.24 million in FY2006.
- 02Total income was Rs 2555.82 million in nine months to December 2006.
- 03Net worth rose from Rs 794.11 million in FY2005 to Rs 1,605.69 million in December 2006.
- 04It had a technology partnership with Mauser of Germany since 1993.
Risks · 5
- 01Polymer raw material prices follow crude oil and can squeeze margins on income of Rs 2628.24 million.
- 02Part of the Rs 123.53 crore went into overseas subsidiaries, a newer area for it.
- 03It ran many product lines, from drums to healthcare, with 1772 employees.
- 04Some of its units relied on income tax benefits that will end; it had 1772 employees to pay for.
- 05Promoter and promoter group holding fell from 76.84% before the issue to 62.44% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Time Technoplast offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 255.58 | 262.82 | 145.87 | 124.41 |
| Profit After Tax | 26.89 | 25.02 | 8.08 | 5.10 |
| NET Worth | 160.57 | 133.98 | 79.41 | 72.34 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Time Technoplast RHP.
Where the money goes
₹142.45 Cr of the issue is earmarked to named objects.
About the company
It makes technology based polymer products for industrial and consumer packaging, lifestyle products, auto components, healthcare and construction and infrastructure.
It started in 1991 as a small unit making industrial packaging, with Mauser of Germany joining as technology partner in 1993. It had 1772 employees as on 31 March 2007, and had overseas units including one near the Polish-German border.
The IPO was Rs 123.53 crore and was entirely a fresh issue at Rs 315, the top of the Rs 290 to Rs 315 band. The money was for an injection moulding plant at Silvassa and overseas projects through subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Time Technoplast IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Time Technoplast?
The current Grey Market Premium is ₹0.
What is the Time Technoplast IPO price band?
₹290 to ₹315, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 June 2007, with listing on 13 June 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
