October 26, 2022
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Mitsu Chem Plast IPO Analysis @ Chanakyanipothi.com,
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| Mitsu Chem Plast IPO Grey Market News | ||
| Updated on 26 October 2022 | ||
| Observation: | ||
| Fix | Subject to | |
| GMP Rs. | Application | Application |
| Rs | Rs. | |
| Retail | ||
| Small HNI (2L+) | ||
| Big HNI (10L+) | ||
| Subscription Trend | On 24.09.2022 | at 5.00 pm |
| Shares | Subscribed | |
| QIB | ||
| NII 10L+ | ||
| Retail 2L+ | ||
| Retail | ||
| Employees | ||
| Total |
Mitsu Chem Plast IPO Promoters
JAGDISH DEDHIA, SANJAY DEDHIA AND MANISH DEDHIA
Mitsu Chem Plast IPO Company Details
Mitsu Chem Plast is a packaging solutions provider engaged in the business of manufacturing polymer based molded products mainly used for industrial packaging for industries like chemicals, agrochemicals, pharmaceuticals, lubricants, food and edible oil. It also manufactures polymer based molded hospital furniture parts which are supplied to hospital furniture manufacturing companies. It also caters to the polymer-based product requirements of various other industries including automobile and infrastructure. It uses blow molding and injection molding technologies for manufacturing its products.
Its product verticals include the following:
# Molded Industrial Packaging – Blow molding products such as jerry cans, bottles, drums (wide mouth, narrow mouth, open top), barrels, carboys, open top drums, jars, etc. ranging from 100 ml to 250 litres.Injection molding products such as caps, closures, bungs, lids, handles, lugs, measuring cups, glass bottle caps, etc.
# Hospital Furniture Parts – Head bows, side railings, planks commonly known as ABS panels, over bed tabletop, bed side locker parts, spine boards, CPR boards, etc.
# Others – Plastic parts of chairs used in school, bus and sports stadiums, medical devices such as pregnancy kit, malaria kit, HIV kit, inhalers and automotive component
For more information, click https://www.mitsuchem.com
Objects of the IPO
The company proposes to utilize the Net Proceeds from the Issue towards funding
1. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company;
2. Funding working capital requirements of the Company
| Mitsu Chem Plast IPO Details | |
| IPO opens on | ? ,2022 |
| IPO closes on | ? ,2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to (?) Shares /Rs 125 Crore |
| * Fresh Issue | Rs.125 Cr |
| * Offer for Sale | up to – Shares /Rs (?) Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. (?) |
| Employee discount | Rs. (?) per share |
| Retail Lot Size | (?) Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (50 %) | – | Rs (?) Cr |
| NII (15 %) | – | Rs (?) Cr |
| RII (35 %) | – | Rs (?) Cr |
| Employees | – | Rs (?) Cr |
| Total Shares | – | |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | ||
| Min Retail Application | – Shares | Rs. – |
| Max Retail Application | – shares | Rs. – |
| Small HNI (Min) application | – Shares | Rs. – |
| Small HNI (Max) application | – shares | Rs. – |
| Big HNI Application | – shares | Rs. – |
| Mitsu Chem Plast IPO Tentative timetable | |
| IPO opens on | ? ,2022 |
| IPO Closes on | ? ,2022 |
| IPO Allotment on | ? ,2022 |
| Unblocking of ASBA | ? ,2022 |
| Credit to Demat Accounts | ? ,2022 |
| Listing on | ? ,2022 |
| Registered Office of Mitsu Chem Plast | |
| 329, Gala Complex, 3rd Floor, Din Dayal Upadhyay Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India | |
| Mitsu Chem Plast IPO Lead Managers | |
| IDBI Capital Markets | |
| Registrar to Mitsu Chem Plast IPO | |
| Bigshare services Pvt Ltd. |
| Mitsu Chem Plast IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2019-20 | 138.87 | 3.98 | 3.29 | 13.17 |
| 2020-21 | 179.45 | 9.69 | 8.02 | 24.43 |
| 2021-22 (9M) | 258.86 | 11.50 | 9.53 | 22.59 |
| Book Value of the Share on | 31.03.2022 | 42.18 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. – | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
| Mitsu Chem Plast IPO Peer Comparison | |||
| As on date of DRHP | Total | Net | PE |
| Rs. in Cr. | Income | Profit | Ratio of |
| Rs. | Rs | ||
| Mitsu Chem Plast | 0 | 0 | ? |
| Time Technoplast | 0 | 0 | 12.57 |
| TPL Plastech | 18.77 | ||
| Shaily Engineering Plastics | 47.32 | ||
| Mold-Tek Plastics | 5 | ||
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