Time Technoplast Limited, a leading polymer product manufacturer, has announced the opening of its Qualified Institutional Placement (QIP) of equity shares. The company's Committee of Directors has set the floor price at ₹211.70 per equity share, with the possibility of offering a discount of up to 5% on this price.

Key Details of the QIP

The floor price has been determined based on the pricing formula prescribed under Regulation 176 of the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018. The final issue price will be decided in consultation with the lead manager appointed for the QIP.

Corporate Governance Measures

In line with the company's commitment to transparency and regulatory compliance, Time Technoplast has taken several steps:

1. The trading window for designated persons has been closed from October 1, 2025, until 48 hours after the declaration of quarterly financial results for the quarter ended September 30, 2025.
2. The company has approved and adopted a preliminary placement document dated November 6, 2025, along with a draft application form for the QIP.
3. The QIP is being conducted under Chapter VI of the SEBI ICDR Regulations and Section 42 of the Companies Act, 2013.

Management Commentary

Bharat Kumar Vageria, Managing Director of Time Technoplast, signed off on the regulatory filing, indicating the company's commitment to this capital raising initiative. The QIP is expected to strengthen the company's financial position and support its growth plans.

Investors and market participants will be closely watching the outcome of this QIP, as it may have implications for Time Technoplast's future expansion and market position in the polymer products industry.

Time Technoplast Limited , a leading polymer product manufacturer, has recently secured a significant order worth approximately ₹190 crore for supplying High-Density Polyethylene (HDPE) pipe products. This development marks a substantial boost to the company's order book and underscores its strong position in the infrastructure sector.

Order Details

The order, received from a reputed Engineering, Procurement, and Construction (EPC) contractor, is for power duct applications in projects undertaken by:

1. Amaravathi Development Corporation Limited
2. Andhra Pradesh Capital Region Development Authority

This new contract has significantly enhanced Time Technoplast's cumulative order book for the HDPE pipe segment, which now stands at around ₹280 crore.

Manufacturing Capabilities

Time Technoplast is well-positioned to fulfill this order, thanks to its robust manufacturing infrastructure:

• Annual Production Capacity: Approximately ₹450 crore for HDPE pipe products
• Manufacturing Facilities: Four strategically located plants across India
  • Western Region: Silvassa, U.T.
  • Southern Region: Gummidipoondi (near Chennai), Tamil Nadu and Medchal (near Hyderabad), Telangana
  • Eastern Region: Amta (near Kolkata), West Bengal

Financial Performance and Market Outlook

The company's HDPE pipe segment has shown strong performance:

Time Technoplast anticipates significant growth opportunities in the Indian pipe market, driven by substantial government investments in infrastructure and smart city development projects.

Implications for Investors

This order represents a positive development for Time Technoplast:

1. Order Book Growth: The new order significantly boosts the company's order book, providing revenue visibility.
2. Market Position: Reinforces Time Technoplast's strong position in the HDPE pipe market.
3. Growth Potential: Aligns with the expected high growth rate in the Indian pipe market.

Investors may view this development as an indicator of the company's ability to capitalize on infrastructure spending trends and its competitive position in the market. However, it's important to note that execution capabilities and broader market conditions will play crucial roles in translating this order book into financial performance.

As always, investors should conduct their own research and consider their risk tolerance before making investment decisions based on this news.