Incorporated in 1999, Polymac Thermoformers Ltd is engaged in the business of manufacturing disposable plastic products such as plastic glasses, cups, bowls.
These disposable plastic utensils are manufactured by thermoforming technique and are increasingly used in Ice-cream industry, hotels, restaurants, canteens, etc. against conventional glass-wares or ceramic cups. Company's manufactured disposable cups, glasses are mainly used for food items and are made out of polypropylene or polystyrene sheets.
Company's manufacturing produce is sold to wholesalers and some of the major customers are Maa Mansa Age, A.H. Printers, Varun Traders, B.P.L. Dumka, Bola Store, J.P. Plastic, Sushil Kumar Kundu, Magleshwar Mahadev Store, Komal Devi Mukesh Kumar Co. and Aditya Sales Agency.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Capital Expenditure on Existing Manufacturing Capacity | ₹4 |
| 2 Meet the margin for working capital requirement | ₹2 |
| 3 Brand Building & General Corporate purposes | ₹1 |
| 4 Issue Expenses | ₹1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,040,000 (47%) | — |
| Retail (RII) | — | 1,040,000 (47%) | — |
| Market Maker | — | 120,000 (5%) | — |
| Total | — | 2,200,000 (100%) | — |
* Amount calculated at upper price band (₹35) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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