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Premium Plast IPO is a book build issue of ₹26.20 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹26.20 crore.
Premium Plast IPO bidding started from Oct 21, 2024 and ended on Oct 23, 2024. The allotment for Premium Plast IPO was finalized on Oct 24, 2024. The shares got listed on NSE SME on Oct 28, 2024.
Premium Plast IPO price band is set at ₹49.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,38,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,94,000.
Khandwala Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Asnani Stock Broker Pvt.Ltd..
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 |
| Issue Price Band | ₹46 to ₹49 per share |
| Issue Price Final | ₹49 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,46,000 shares (aggregating up to ₹26.20 Cr) |
| Reserved for Market Maker | 2,70,000 shares Asnani Stock Broker Pvt.Ltd. (aggregating up to ₹1.32 Cr) |
| Net Offered to Public | 50,76,000 shares (aggregating up to ₹24.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,37,51,100 shares |
| Share Holding Post Issue | 1,90,97,100 shares |
Premium Plast IPO offers total 53,46,000 shares. Out of which 5,10,000 (9.54%) allocated to QIB, 22,83,000 (42.70%) allocated to NII, 22,83,000 (42.70%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,70,000 (5.05%) |
| QIB Shares Offered | 5,10,000 (9.54%) |
| NII (HNI) Shares Offered | 22,83,000 (42.70%) |
| Retail Shares Offered | 22,83,000 (42.70%) |
| Total Shares Offered | 53,46,000 (100.00%) |
Premium Plast IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | Mon, Oct 21, 2024 |
| IPO Close Date | Wed, Oct 23, 2024 |
| Tentative Allotment | Thu, Oct 24, 2024 |
| Initiation of Refunds | Fri, Oct 25, 2024 |
| Credit of Shares to Demat | Fri, Oct 25, 2024 |
| Tentative Listing Date | Mon, Oct 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 23, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,47,000 |
| Retail (Max) | 1 | 3,000 | ₹1,47,000 |
| HNI (Min) | 2 | 6,000 | ₹2,94,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹93.58 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| RoNW | 6.37% |
| PAT Margin | 11.64% |
| Price to Book Value | 1.98 |
| 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...
| Listing Date | October 28, 2024 |
| BSE Script Code | |
| NSE Symbol | PREMIUM |
| ISIN | INE0M1F01011 |
| Final Issue Price | ₹49 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹49.00 |
| Open | ₹51.45 |
| Low | ₹48.90 |
| High | ₹51.75 |
| Last Trade | ₹48.90 |
Premium Plast Ltd.
Gala No 3, Shiv Shankar Indl Est No 1,
Virar City (M Corp), Valiv,
Thane, Vasai
Mumbai, Maharashtra, 401208
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
Premium Plast IPO is a SME IPO of 53,46,000 equity shares of the face value of ₹10 aggregating up to ₹26.20 Crores. The issue is priced at ₹49 per share. The minimum order quantity is 3000.
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, and the minimum amount required for application is ₹1,47,000.
You can apply in Premium Plast IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Premium Plast IPO listing date is on Monday, October 28, 2024.
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