Premium Plast Limited IPO
NSE SMEListed On: Oct 28, 2024 at ₹ 51.45
₹ 294000 /6000 Shares
*Min Investment
21 Oct, 2024
Open Date23 Oct, 2024
Close Date24 Oct, 2024
Allotment Date28 Oct, 2024
Listing DatePremium Plast IPO Issue Details
- Issue Price ₹46-49 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 53,46,000 shares(aggregating up to ₹26.2 crore)
- Fresh Share 53,46,000 shares(aggregating up to ₹26.2 crore)
- Listing at NSE SME
- List Price 51.45
- Listing Date 2024-10-28
- Lead Manager Khandwala Securities Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,47,000 |
| Retail(max) | 1 | 3000 | ₹1,47,000 |
| NII (min) | 2 | 6000 | ₹2,94,000 |
Premium Plast IPO Reservation
Premium Plast IPO offers total 5,346,000 shares. Out of which 510,000 (9.54%) allocated to QIB, 2,283,000 (42.7%) allocated to NII,2,283,000 (42.7%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 270,000 (5.05%) | |
| QIB Shares Offered | 510,000 (9.54%) | |
| NII (HNI) Shares Offered | 2,283,000 (42.7%) | |
| Retail Shares Offered | 2,283,000 (42.7%) | |
| Total Shares Offered | 5,346,000 (100%) |
Premium Plast IPO Details
Premium Plast Limited IPO is an SME IPO, priced at ₹46-49 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 53,46,000 equity shares, aggregating up to ₹26.2 crores..
The IPO bidding window is open from Oct 21, 2024 to Oct 23, 2024. The allotment is expected to be finalized on Oct 24, 2024, and the tentative listing date is Oct 28, 2024.
The minimum lot size for retail investors is 3000 shares, with a minimum investment of ₹1,47,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,94,000.
Khandwala Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Asnani Stock Broker Private Limited will act as the market maker for this issue.
Premium Plast IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 510,000 / 2,283,000 | 2,283,000 | 5,076,000 |
Day 1 21-10-24 06:00 PM | 1.00 / 0.89 x | 7.27 x | 3.77 x |
Day 2 22-10-24 06:00 PM | 1.00 / 2.14 x | 17.57 x | 8.97 x |
Day 3 23-10-24 06:00 PM | 6.74 / 19.67 x | 65.37 x | 38.92 x |
Premium Plast Valuations
Premium Plast Company Financials
| 31-Jan-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,864.76 | 2,905.45 | 2,516.95 |
| Revenue | 3,940.1 | 4,404.83 | 3,104.78 |
| Profit After Tax | 417.24 | 159.32 | 77.7 |
| Net Worth | 1,652.51 | 1,174.96 | 1,015.64 |
| Reserves & Surplus | 1,176.45 | 698.91 | 539.59 |
| Total Borrowing | 830.98 | 505.35 | 512.28 |
About Premium Plast Company
Premium Plast Limited was established in 1995. It designs manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.
Premium Plast makes various injection and blow moulded plastic parts for a multitude of industries and applications. Its product lines comprise automotive, industrial plastic, and packaging parts for use in diverse industries. The company focuses on the automotive sector and has three state-of-the-art, strategically located facilities across India, churning out more than 600 auto components.
The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA.
As of June 30, 2024, the company had a total of 39 employees.
Premium Plast - Promoter(s)
Chetan Nagendra Dave
Dr. Lopa Chetan Dave
Pre Issue Share Holding : 95.45%
Post Issue Share Holding : 68.73%
Premium Plast IPO - Issue Objectives
Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries
Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
General Corporate Purpose
Offer Related Expenses.
Premium Plast IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Premium Plast Limited | 3.35 | 3.35 | 24.7 | N/A | 13.56 | 2.04 | N/A |
| Varroc Engineering Ltd | 23.37 | 23.37 | 59.51 | 17 | 39.22 | 8.53 | N/A |
| UNO Minda Limited | 10.22 | 10.21 | 47.28 | 64.8 | 21.59 | 14.55 | N/A |
Notes:
- All the financial information for listed industry peers mentioned above is sourced from the respective company's annual reports/annual results as available for the year ended March 31, 2024, submitted to Stock Exchanges.
- Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders at the end of the Fiscal period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share.
- The P/E Ratio has been computed based on the closing market price of equity shares on NSE on December 03, 2024, divided by the Diluted EPS for the year ended March 31, 2024.
- Return on Net Worth is computed as net profit/(loss) after tax attributable to equity holders of the Company divided by Net Worth for Equity Shareholders of the Company.
Contact Details
Premium Plast
Gala No 3, Shiv Shankar Indl Est No 1, Virar City (M Corp), Valiv, Thane, Vasai - 401 208
+91 025 0660 116
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Premium Plast IPO - FAQs
Ans. Premium Plast Limited IPO is a SME IPO. The issue is priced at ₹46-49 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Oct 21, 2024, and closes on Oct 23, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Premium Plast Limited IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Premium Plast Limited IPO is 5,346,000 shares(aggregating up to ₹26.20 Cr).
Ans. The Premium Plast Limited IPO price band is set between ₹46-49 per equity share.
Ans. To apply for Premium Plast Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Premium Plast Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Premium Plast Limited IPO is Oct 24, 2024.
Ans. The Premium Plast Limited IPO will be listed on Oct 28, 2024.
Ans. Follow the steps to check the Premium Plast Limited IPO allotment status online.
