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Premium Plast IPO is a book built issue of Rs 26.20 crores. The issue is entirely a fresh issue of 53.46 lakh shares.
Premium Plast IPO bidding started from October 21, 2024 and ended on October 23, 2024. The allotment for Premium Plast IPO was finalized on Thursday, October 24, 2024. The shares got listed on NSE SME on October 28, 2024.
Premium Plast IPO price band is set at ₹46 to ₹49 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹294,000.
Khandwala Securities Limited is the book running lead manager of the Premium Plast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Premium Plast IPO is Asnani Stock Broker.
Refer to Premium Plast IPO RHP for detailed information.
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | October 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹46 to ₹49 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,346,000 shares (aggregating up to ₹26.20 Cr) |
| Fresh Issue | 5,346,000 shares (aggregating up to ₹26.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,751,100 |
| Share holding post issue | 19,097,100 |
| Market Maker portion | 270,000 shares Asnani Stock Broker |
Premium Plast IPO offers 5,346,000 shares. 510,000 (9.54%) to QIB, 2,283,000 (42.70%) to NII, 2,283,000 (42.70%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 270,000 (5.05%) |
| QIB Shares Offered | 510,000 (9.54%) |
| NII (HNI) Shares Offered | 2,283,000 (42.70%) |
| Retail Shares Offered | 2,283,000 (42.70%) |
| Total Shares Offered | 5,346,000 (100%) |
Premium Plast IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 | ₹147,000 |
| Retail (Max) | 1 | 3000 | ₹147,000 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
| Lot Size Calculator | |||
Chetan Nagendra Dave and Dr. Lopa Chetan Dave are the company's promoters.
| Share Holding Pre Issue | 95.45% |
| Share Holding Post Issue | 68.73% |
Premium Plast Limited was founded in 1995 and designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.
Premium Plast manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. The company's product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India.
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.
Competitive strengths:
As of June 30, 2024, the company had a total of 39 employees.
Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,006.31 | 3,809.23 | 2,905.45 | 2,516.95 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,212.81 | 4,670.59 | 4,404.83 | 3,104.78 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 141.16 | 477.55 | 159.32 | 77.7 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,216.67 | 1,652.51 | 1,174.96 | 1,015.64 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 841.56 | 1,176.45 | 698.91 | 539.59 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 506.84 | 830.98 | 505.35 | 512.28 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Premium Plast IPO is Rs 93.58 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| RoNW | 6.37% |
| P/BV | 1.98 |
| PAT Margin (%) | 11.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | 2.96 |
| P/E (x) | 14.11 | 16.57 |
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
[Dilip Davda] The company is in the business of manufacturing and supplying plastic components for automotive interiors/exteriors. It marked steady growth in its top lines for the reported periods, but the sudden boost in its bottom lines in pre-IPO period raises eyebrows and concern over its sustainability as the company is in the highly competitive and fragmented segment. Based on its recent earnings, the issue appears fully priced. Its concentration only on one major client who contributes over 81% in its revenues is the major concern. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
The Premium Plast IPO is subscribed 38.87 times on October 23, 2024 6:19:58 PM. The public issue subscribed 65.37 times in the retail category, 6.74 times in the QIB category, and 19.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 6.74 |
| NII | 19.56 |
| Retail | 65.37 |
| Total | 38.87 |
Total Application : 49,743 (65.37 times)
| Listing Date | October 28, 2024 |
| BSE Script Code | |
| NSE Symbol | PREMIUM |
| ISIN | INE0M1F01011 |
| Final Issue Price | ₹49 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹49.00 |
| ₹51.45 |
| ₹48.90 |
| ₹51.75 |
| ₹48.90 |
Premium Plast Limited
Gala No 3, Shiv Shankar Indl Est No 1,
Virar City (M Corp), Valiv,
Thane, Vasai - 401 208
Phone: +91 025 0660 116
Email: info@premiumplast.in
Website: https://premiumplast.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Premium Plast IPO is a SME IPO of 5,346,000 equity shares of the face value of ₹10 aggregating up to ₹26.20 Crores. The issue is priced at ₹46 to ₹49 per share. The minimum order quantity is 3000 Shares.
The IPO opens on October 21, 2024, and closes on October 23, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Premium Plast IPO using UPI as a payment gateway. Zerodha customers can apply in Premium Plast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Premium Plast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Premium Plast IPO opens on October 21, 2024 and closes on October 23, 2024.
Premium Plast IPO lot size is 3000 Shares, and the minimum amount required is ₹147,000.
You can apply in Premium Plast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Premium Plast IPO will be done on Thursday, October 24, 2024, and the allotted shares will be credited to your demat account by Friday, October 25, 2024. Check the Premium Plast IPO allotment status.
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