Synopsis: Time Technoplast launches QIP with floor price ₹211.70 to raise capital, mainly towards debt reduction, capex expansion, scaling higher value composite products, automation upgrades and supporting growth, working capital and other corporate needs.
This company is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products is now in the spotlight after it launched QIP with floor price of Rs. 211.70 per share.
With market capitalization of Rs. 9,533 cr, the shares of Time Technoplast Ltd closed at Rs. 209.64 per share, from its previous close of Rs. 209.14 per share. The stock has corrected nearly 15% year-to-date, and in the last one month alone it has delivered a negative return of around 5%.
About QIP
Time Technoplast has recently launched a Qualified Institutional Placement (QIP) to raise funds with a floor price fixed at ₹211.70 per equity share. As per SEBI ICDR Regulations, the Company may offer up to 5% discount on the floor price.
The company intends to spread the investments both in India and in its foreign subsidiaries to achieve various strategic goals. Among them are the repayment of short and long-term borrowings, capex for the spread of the company both at greenfield and brownfield units, and the scaling of the value-added product categories such as IBCs, composite solutions including CNG / LPG / Hydrogen cylinders and cascades.
It is also possible that the company will set aside some of the funds to be used for automation, mould/ machinery upgrades to facilitate cost efficiencies and increase profit margins, as well as to develop and strengthen organic & inorganic growth opportunities, working capital and general corporate purposes.
Also read: Pharma stock in focus after robust guidance, product launch and Fundraising plans
About the company
Time Technoplast Ltd is a leading multi-product polymer & composites manufacturing company catering across industrial packaging, mobility solutions, material handling, composite cylinders, healthcare and infrastructure segments. The company has strong domestic presence along with global footprint across multiple geographies and is also scaling new energy solutions like advanced batteries, Type-IV composite cylinders and hydrogen storage applications, positioning itself strongly for future clean mobility transitions.
The company continues to show improving return metrics with ROCE at 17.4% and ROE at 14.2%. The company has also delivered healthy profit growth of 18% CAGR over the last 5 years.
Sales of the company fell from Rs. 1,469 cr in Q4FY25 to Rs. 1,353 cr in Q1FY26. Operating profit declined to Rs. 195 cr from Rs.. 214 cr. Net profit also declined from Rs. 112 cr to Rs. 97 cr over the same period.
Promoters holding stands at 51.62% in Q2FY6. FII’s increased their stake to 8.41% from 8.29% in Q1Y26. DII’s holding rose to 13.18% from 12.92%. Public holding slightly fell to 26.79% from 27.16%
Written by Manideep Appana
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