Selzer Polymers Ltd.
SMENSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
IPO Timeline
IPO Offer Start
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IPO Offer Ends
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Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital Expenditure for setting up a new manufacturing facility | 96.881 |
| 2 | Pre-payment or Repayment of all or a portion of certain Outstanding | 130.505 |
| 3 | Funding working capital requirements of our company | 60 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
Offered to Public
34,00,000
shares
IPO Registrar
Bigshare Services Pvt Ltd
About the Company
We are a polymer processing Company engaged in the manufacture of High-Density Polyethylene (“HDPE”) based products across three key product verticals, namely (i) Water Tanks, (ii) Industrial Packaging Products, and (iii) Solar Floating Systems and Multipurpose Floaters. Our products cater to a diverse customer base across household, institutional, industrial, export-oriented and renewable energy segments. We have an operating history of nearly 15 years, having commenced our operations as a partnership firm in 2011. Our products are available in a wide range of shapes, sizes and capacities, from 8-litre drums to 2,000-litre underground tanks, and cater to households, commercial and institutional establishments, exporters of spice oils, oleoresins, edible oils and food products, manufacturers of agrochemicals, paints and pharmaceutical products, and the renewable energy sector. HDPE is a strong, lightweight and durable thermoplastic polymer recognised for its high strength-to-weight ratio and its resistance to chemicals, corrosion and ultraviolet radiation, which makes it suitable for a wide range of storage and packaging applications. We were the first in India to introduce Auto-Clean Water Tanks, HDPE Septic Tanks and Octagonal Underground Sump Tanks
Use of Proceeds
1. Funding capital Expenditure for setting up a new manufacturing facility at Plot No. D-12, SIPCOT Industrial Park, Bargur, Pochampalli, Tamil Nadu – 635206 (Proposed Manufacturing Unit I); 2. Pre-payment or Repayment of all or a portion of certain Outstanding Borrowings availed by our Company 3. Funding working capital requirements of our Company; 4. General Corporate Purpose
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The for the Selzer Polymers Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.