Bookbuilding IPO | ₹41 Cr | Listed at BSE SME | Fri, Nov 24, 2023 - Wed, Nov 29, 2023
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,37,600 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Nov 24, 2023
IPO Close
Wed, Nov 29, 2023
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹151.05 Cr
| IPO Date | 24 to 29 Nov, 2023 |
| Listed on | Tue, Dec 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹86 |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 47,39,200 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 2,38,400 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 45,00,800 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 45,00,800 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,28,24,795 shares |
| Share Holding Post Issue | 1,75,63,995 shares |
| BSE Script Code | 544035 |
| ISIN | INE0RDR01012 |
Swashthik Plascon IPO comprises a total issue size of 47,39,200 shares. The net offer to the public is 45,00,800 shares, after excluding 2,38,400 shares allotted on a firm basis. Of the Net offer 22,49,600 (49.98%) are allocated to QIB, 6,75,200 (15.00%) allocated to NII 15,76,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,49,600 | 49.98% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 15,76,000 | 35.02% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,38,400 | 5.03% | |
| Total Shares Offered | 47,39,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Swashthik Plascon IPO raises ₹11.60 crore from anchor investors. Swashthik Plascon IPO Anchor bid date is November 23, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Nov 23, 2023 |
| Shares Offered | 13,48,800 |
| Anchor Portion (₹ Cr.) | 11.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 3, 2024 |
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 | 114.16 | 110.76 |
| Total Income | 69.74 | 45.89 |
| Profit After Tax | 5.28 | 3.02 |
| NET Worth | 25.64 | 20.37 |
| Reserves and Surplus | 12.82 | 7.55 |
| Total Borrowing | 62.32 | 58.80 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery | 14.48 |
| 2 | Funding of capital expenditure requirements of our Company towards Set up of Solar Power Plant; | 10.40 |
| 3 | Purchase of Plant and Machinery at our existing Manufacturing facility; | 1.04 |
| 4 | Funding Working Capital Requirements of our Company; | 10.44 |
| 5 | General corporate purposes | 0.12 |
| KPI | |
|---|---|
| ROE | 22.78% |
| ROCE | 17.30% |
| Debt/Equity | 2.89 |
| RoNW | 14.95% |
| PAT Margin | 6.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.99 | |
| P/E (x) | 17.23 | 14.29 |
| Promoter Holding | 60.00% | 43.81% |
| Market Cap | ₹151.05 Cr. |
The Swashthik Plascon IPO is subscribed 15.43 times on November 29, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.42 | 9,00,800 | 30,84,800 |
| NII* | 35.76 | 6,75,200 | 2,41,44,000 |
| Retail | 13.58 | 15,76,000 | 2,13,98,400 |
| Total | 15.43 | 31,52,000 | 4,86,27,200 |
Total Application : 19,958
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 1.82 |
| 2 | Brokerage, selling, commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing expenses | 0.37 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review, auditors, etc.) | 2.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹120.10 |
| Low | ₹115.25 |
| High | ₹126.10 |
| Last Trade | ₹126.10 |
Lead Manager Reports
Swashthik Plascon IPO is a SME IPO of 47,39,200 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Nov 24, 2023, and closes on Wed, Nov 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 Fri, Nov 24, 2023 and closes on Wed, Nov 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 Tue, Dec 5, 2023. Check the Swashthik Plascon IPO allotment status.
The Swashthik Plascon IPO listing date is on Tue, Dec 5, 2023.
