Solve Plastic Products IPO

Founded in 1994, Solve Plastic Products Limited manufactures a comprehensive range of uPVC pipes (unplasticized polyvinyl chloride) and Rigid PVC electrical conduits and markets them under the brand name "BALCOPIPES" The company has 3 manufacturing units in Kerala and 1 well-equipped manufacturing unit in Tamil Nadu. The products manufactured are approved by various authorities like Bureau of Indian Standards (BIS) and also by organizations like the Central Public Works Department (CPWD) of Chennai and Kochi, Military Engineer Services (MES), Integral Coach Factory, Public Works Department (PWD) of Kerala and Tamil Nadu and Tamil Nadu Housing Board. The company distributes its products mainly in the state of Kerala. The company's product portfolio includes: Solvent cement Water tank Garden hoses Rigid PVC electrical cables PVC pipes The company has a total of 165 employees (excluding the managing directors).

The company intends to utilize the funding for the following objectives: Funding Capital Expenditure towards the purchase of additional plant and machinery To meet the Working Capital Requirements To meet the Issue Expenses General Corporate Purposes

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