Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Mon, Oct 21, 2024 - Wed, Oct 23, 2024
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,47,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Oct 21, 2024
IPO Close
Wed, Oct 23, 2024
Issue Price
₹49 per share
Market Cap (Pre-IPO)
₹93.58 Cr
| IPO Date | 21 to 23 Oct, 2024 |
| Listed on | Mon, Oct 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹46 to ₹49 |
| Issue Price | ₹49 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 53,46,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,70,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 50,76,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 50,76,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,37,51,100 shares |
| Share Holding Post Issue | 1,90,97,100 shares |
| NSE Symbol | PREMIUM |
| ISIN | INE0M1F01011 |
Premium Plast IPO comprises a total issue size of 53,46,000 shares. The net offer to the public is 50,76,000 shares, after excluding 2,70,000 shares allotted on a firm basis. Of the Net offer 5,10,000 (10.05%) are allocated to QIB, 22,83,000 (44.98%) allocated to NII 22,83,000 (44.98%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,10,000 | 10.05% | 9.54% |
| NII (HNI) Shares Offered | 22,83,000 | 44.98% | 42.70% |
| Retail Shares Offered | 22,83,000 | 44.98% | 42.70% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,70,000 | 5.05% | |
| Total Shares Offered | 53,46,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 40.06 | 38.09 | 29.05 | 25.17 |
| Total Income | 12.13 | 46.71 | 44.05 | 31.05 |
| Profit After Tax | 1.41 | 4.78 | 1.59 | 0.78 |
| NET Worth | 22.17 | 16.53 | 11.75 | 10.16 |
| Reserves and Surplus | 8.42 | 11.76 | 6.99 | 5.40 |
| Total Borrowing | 5.07 | 8.31 | 5.05 | 5.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries | 16.55 |
| 2 | Funding of capital expenditure requirement of our Company towards Set up of Rooftop on Grid Solar Power Plant at our existing Manufacturing facility | 1.04 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 2.23 |
| 4 | General Corporate Purpose | 3.27 |
| 5 | Offer Related Expenses | 3.10 |
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| RoNW | 6.37% |
| PAT Margin | 11.64% |
| Price to Book Value | 1.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.47 | 2.96 |
| P/E (x) | 14.11 | 16.57 |
| Promoter Holding | 95.45% | 68.73% |
| Market Cap | ₹93.58 Cr. |
The Premium Plast IPO is subscribed 38.87 times on October 23, 2024 6:19:58 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 6.74 | 5,10,000 | 34,35,000 |
| NII* | 19.56 | 22,83,000 | 4,46,46,000 |
| Retail | 65.37 | 22,83,000 | 14,92,29,000 |
| Total | 38.87 | 50,76,000 | 19,73,10,000 |
Total Application : 49,743
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 1.22 |
| 2 | Marketing and Selling Commission and expenses | 1.63 |
| 3 | Advertising and marketing expenses | 0.14 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.01 |
| 9 | Miscellaneous | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹49.00 |
| Open | ₹51.45 |
| Low | ₹48.90 |
| High | ₹51.75 |
| Last Trade | ₹48.90 |
Lead Manager Reports
Premium Plast IPO is a SME IPO of 53,46,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹49 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Oct 21, 2024, and closes on Wed, Oct 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 Mon, Oct 21, 2024 and closes on Wed, Oct 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 Fri, Oct 25, 2024. Check the Premium Plast IPO allotment status.
The Premium Plast IPO listing date is on Mon, Oct 28, 2024.
