Solve Plastic Products Limited

About the company

## **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  1. To meet the Working Capital Requirements 1. To meet the Issue Expenses  1. General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   13 Aug 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Aug 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   15 Aug 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   20 Aug 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   19 Aug 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   21 Aug 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.