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Swashthik Plascon IPO is a book built issue of Rs 40.76 crores. The issue is entirely a fresh issue of 47.39 lakh shares.
Swashthik Plascon IPO bidding started from November 24, 2023 and ended on November 29, 2023. The allotment for Swashthik Plascon IPO was finalized on Monday, December 4, 2023. The shares got listed on BSE SME on December 5, 2023.
Swashthik Plascon IPO price band is set at ₹80 to ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Shreni Shares Limited is the book running lead manager of the Swashthik Plascon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Swashthik Plascon IPO is Nikunj Stock Brokers.
Refer to Swashthik Plascon IPO RHP for detailed information.
| IPO Date | November 24, 2023 to November 29, 2023 |
| Listing Date | December 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,739,200 shares (aggregating up to ₹40.76 Cr) |
| Fresh Issue | 4,739,200 shares (aggregating up to ₹40.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,824,795 |
| Share holding post issue | 17,563,995 |
| Market Maker portion | 238,400 shares Nikunj Stock Brokers |
Swashthik Plascon IPO offers 4,739,200 shares. 900,800 (19.01%) to QIB, 675,200 (14.25%) to NII, 1,576,000 (33.25%) to RII and 1,348,800 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,348,800 (28.46%) |
| Market Maker Shares Offered | 238,400 (5.03%) |
| QIB Shares Offered | 900,800 (19.01%) |
| NII (HNI) Shares Offered | 675,200 (14.25%) |
| Retail Shares Offered | 1,576,000 (33.25%) |
| Total Shares Offered | 4,739,200 (100%) |
Swashthik Plascon IPO raises Rs 11.60 crore from anchor investors. Swashthik Plascon IPO Anchor bid date is November 23, 2023. Swashthik Plascon IPO Anchor Investors list
| Bid Date | November 23, 2023 |
| Shares Offered | 1,348,800 |
| Anchor Portion Size (In Cr.) | 11.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 3, 2024 |
Swashthik Plascon IPO opens on November 24, 2023, and closes on November 29, 2023.
| IPO Open Date | Friday, November 24, 2023 |
| IPO Close Date | Wednesday, November 29, 2023 |
| Basis of Allotment | Monday, December 4, 2023 |
| Initiation of Refunds | Tuesday, December 5, 2023 |
| Credit of Shares to Demat | Tuesday, December 5, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2023 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
| Lot Size Calculator | |||
The promoters of the Company are Mr Parasmal Mahendra Kumar, Mr Parasmal Ravindra Kumar, Mr Parasmal Dharmendra Kumar, Mr Misrilal Parasmal, Mrs P Umrao, Mrs Mahendrakumar Nirmala, Mrs R Asha Jain and Mrs. D Anita.
| Share Holding Pre Issue | 60.00% |
| Share Holding Post Issue | 43.81% |
Incorporated in June 2006, Swasthik Plascon Limited manufactures PET bottles and PET preforms.
The company manufactures PET bottles for pharmaceutical applications, spirits applications, FMCG packaging, household applications, packaging for washing-up liquids, insect repellent dispensers, etc. as well as PET preforms for mineral water segment, alcoholic and non-alcoholic beverages, glasses, edible oil segment, pharmaceutical bottles, liqueur bottles, Pril detergent bottles, PET closures.
The bottles and preforms are made from 100% fresh, food-grade material in continuous injection moulding machines.
Swasthik Plascon has three subsidiaries, namely, M/s Swashthik Preforms Pvt Ltd (a wholly owned subsidiary), M/s Swashthik Industries, and M/s Swashthik Poliemers (holding 99% partnership).
The company employs 60 permanent staff and over 35 contract workers in its production facilities.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 11,416.09 | 11,076.25 |
| Revenue | 6,973.65 | 4,589.10 |
| Profit After Tax | 528.48 | 302.19 |
| Net Worth | 2,564.07 | 2,037.09 |
| Reserves and Surplus | 1,281.59 | 754.61 |
| Total Borrowing | 6,231.66 | 5,879.54 |
| Amount in ₹ Lakhs | ||
The market capitalization of Swashthik Plascon IPO is Rs 151.05 Cr.
| KPI | Values |
|---|---|
| ROE | 22.78% |
| ROCE | 17.30% |
| Debt/Equity | 2.89 |
| RoNW | 14.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.99 | |
| P/E (x) | 17.23 | 14.29 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in a highly competitive and fragmented segment of pet bottles and preforms. The sudden boost in its bottom lines for the last 18 months raises eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced. Well-informed cash surplus investors may park funds for the medium to long-term rewards. Read detail review...
The Swashthik Plascon IPO is subscribed 15.43 times on November 29, 2023 7:02:00 PM. The public issue subscribed 13.58 times in the retail category, 3.42 times in the QIB category, and 35.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.42 |
| NII | 35.76 |
| Retail | 13.58 |
| Total | 15.43 |
Total Application : 19,958 (20.26 times)
| Listing Date | December 5, 2023 |
| BSE Script Code | 544035 |
| NSE Symbol | |
| ISIN | INE0RDR01012 |
| Final Issue Price | ₹86 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹86.00 |
| ₹120.10 |
| ₹115.25 |
| ₹126.10 |
| ₹126.10 |
Swashthik Plascon Limited
No. A75 - A76, PIPDIC Electronic Park
Thirubuvanai, Mannadipet Commune,
Pondicherry - 605107
Phone: (0413)-2640955
Email: investors@swashthikplascon.com
Website: https://swashthikplascon.com/
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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Swashthik Plascon IPO is a SME IPO of 4,739,200 equity shares of the face value of ₹10 aggregating up to ₹40.76 Crores. The issue is priced at ₹80 to ₹86 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 24, 2023, and closes on November 29, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Swashthik Plascon IPO using UPI as a payment gateway. Zerodha customers can apply in Swashthik Plascon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swashthik Plascon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swashthik Plascon IPO opens on November 24, 2023 and closes on November 29, 2023.
Swashthik Plascon IPO lot size is 1600 Shares, and the minimum amount required is ₹137,600.
You can apply in Swashthik Plascon 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 Swashthik Plascon IPO will be done on Monday, December 4, 2023, and the allotted shares will be credited to your demat account by Tuesday, December 5, 2023. Check the Swashthik Plascon IPO allotment status.
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