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Swashthik Plascon IPO is a book build issue of ₹40.76 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹40.76 crore.
Swashthik Plascon IPO bidding started from Nov 24, 2023 and ended on Nov 29, 2023. The allotment for Swashthik Plascon IPO was finalized on Dec 4, 2023. The shares got listed on BSE SME on Dec 5, 2023.
Swashthik Plascon IPO price band is set at ₹86.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
Shreni Shares 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 Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | ₹80 to ₹86 per share |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,39,200 shares (aggregating up to ₹40.76 Cr) |
| Reserved for Market Maker | 2,38,400 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹2.05 Cr) |
| Net Offered to Public | 45,00,800 shares (aggregating up to ₹38.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,28,24,795 shares |
| Share Holding Post Issue | 1,75,63,995 shares |
Swashthik Plascon IPO offers total 47,39,200 shares. Out of which 22,49,600 (47.47%) allocated to QIB, 9,00,800 (19.01%) allocated to QIB, 6,75,200 (14.25%) allocated to NII, 15,76,000 (33.25%) allocated to RII and 13,48,800 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,38,400 (5.03%) |
| QIB Shares Offered | 22,49,600 (47.47%) |
| − Anchor Investor Shares Offered | 13,48,800 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 9,00,800 (19.01%) |
| NII (HNI) Shares Offered | 6,75,200 (14.25%) |
| Retail Shares Offered | 15,76,000 (33.25%) |
| Total Shares Offered | 47,39,200 (100.00%) |
Swashthik Plascon IPO raises ₹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 | 13,48,800 |
| 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 | Fri, Nov 24, 2023 |
| IPO Close Date | Wed, Nov 29, 2023 |
| Tentative Allotment | Mon, Dec 4, 2023 |
| Initiation of Refunds | Tue, Dec 5, 2023 |
| Credit of Shares to Demat | Tue, Dec 5, 2023 |
| Tentative Listing Date | Tue, Dec 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 29, 2023 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹151.05 Cr.
| KPI | Values |
|---|---|
| ROE | 22.78% |
| ROCE | 17.30% |
| Debt/Equity | 2.89 |
| RoNW | 14.95% |
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...
| Listing Date | December 5, 2023 |
| BSE Script Code | 544035 |
| NSE Symbol | |
| ISIN | INE0RDR01012 |
| Final Issue Price | ₹86 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹120.10 |
| Low | ₹115.25 |
| High | ₹126.10 |
| Last Trade | ₹126.10 |
Swashthik Plascon Ltd.
No. A75 - A76, PIPDIC Electronic Park
Thirubuvanai,
Mannadipet Commune,
Puducherry, Puducherry, 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
Swashthik Plascon IPO is a SME IPO of 47,39,200 equity shares of the face value of ₹10 aggregating up to ₹40.76 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
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, and the minimum amount required for application is ₹1,37,600.
You can apply in Swashthik Plascon 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 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.
The Swashthik Plascon IPO listing date is on Tuesday, December 5, 2023.
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