GM Polyplast Limited - Board Approves Migration to BSE and NSE Main Board Platform, Fund Raise through FPO Up to Rs. 50 Crore

GM Polyplast Limited (BSE: 543239), one of the premier manufacturers of HIPS, ABS, PET, PP, HDPE Sheets, and premium quality Granules, has announced that its board approved the issue of Equity shares through a Public Offer (Follow-On Public Offer), subject to the approval of the Members up to INR 50.00 Crores.

Further, the board approved the migration from BSE SME to the main Board of the Bombay Stock Exchange and National Stock Exchange and authorized the Managing Director and/or Company Secretary and Compliance officer for allied matters thereon, subject to the approval of the Members.

GM Polyplast Limited (BSE: 543239) stands as a premier manufacturer of HIPS, ABS, PET, PP, HDPE Sheets, and premium quality Granules, commencing operations in 2003. Dedicated to remaining at the forefront of technological advancements, the company consistently integrates the latest innovations into its operations. G M Polyplast Limited places a high priority on customer satisfaction and product quality, as wel as advancing existing products. The company has garnered the trust of customers, fostering substantial business growth and establishing itself as a leading organization with a robust client base spanning diverse industries, including pharma, food packaging, bus body, farming, and interior design.

Guided by a team of young, dedicated technocrats and professional directors, GM Polyplast operates from a centrally located manufacturing plant in Silvassa, complemented by its office in Mumbai. These leaders channel their ful-time efforts toward fostering growth, overseeing operations, and emphasizing critical areas such as research, development, marketing, and quality control. Recognizing the significance of each customer in a competitive market with varying budgetary constraints, the company ensures competitive pricing without compromising on quality standards.

Offering personalized, customized products for every client, G M Polyplast Limited's stringent quality assurance measures guarantee that every product undergoes meticulous scrutiny before reaching the customer. The company boasts a substantial production capacity of 21,600 tons, poised to fulfill varied quantity requirements, with plans underway to expand production capacity further to meet increasing demands. At G M Polyplast Limited, fostering strong relationships with customers remains a priority. in the event of any customer chalenges, the company takes proactive measures, dispatching dedicated teams to personally address and resolve issues, exemplifying its unwavering commitment to customer satisfaction.

Shares of G M Polyplast Ltd was last trading in BSE at Rs. 190.40 as compared to the previous close of Rs. 191.00. The total number of shares traded during the day was 97300 in over 38 trades.

The stock hit an intraday high of Rs. 195.00 and intraday low of 189.00. The net turnover during the day was Rs. 18623150.00.

Source : Equity Bulls

Keywords

GMPolyplast INE0E2801015 Migration MainBoard FundRaising FPO