Premium Plast IPO Details
| IPO Size | ₹26.20 Cr |
| Price Range | ₹46 - ₹49 |
| Retail Quota | 44.98% |
| QIB Quota | 10.04% |
| NII Quota | 44.98% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3000 |
| Investment (cut-off price) | ₹147,000 |
| Pre IPO Promotor Holding | 95.45% |
| Post IPO Promotor Holding | 68.73% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Premium Plast IPO Timelines
21/10/2024
Start Date23/10/2024
End Date25/10/2024
Refund Initiation25/10/2024
Credit of Shares to Demat Ac28/10/2024
Listing DatePremium Plast IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹147,000 |
| Retail Maximum | 1 | 3000 | ₹147,000 |
| S-HNI Minimum | 2 | 6000 | ₹294,000 |
Premium Plast IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 6.74x | 19.56x | 65.37x | -- | 38.87x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹51.45 | ₹48.90 | ₹51.75 | ₹48.90 |
Premium Plast IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹27.98 | ₹27.01 | ₹0.76 |
| FY 2022 | ₹31.05 | ₹30.08 | ₹0.78 |
| FY 2023 | ₹44.05 | ₹41.84 | ₹1.59 |
| FY 2024 (11 M) | ₹39.40 | ₹33.76 | ₹4.17 |
About Company
Established in May 1995 in Mumbai, Premium Plast Ltd. has grown from producing two components to over 600 across two strategic locations. The company specializes in a diverse range of plastic components for industries such as Automotive, Industrial, Electrical, and Specialized Packaging.
Under the leadership of Mr. Chetan Dave, who brings 35 years of experience, Premium Plast Ltd. is recognized for its precision and innovation. The firm prides itself on delivering high-quality solutions that exceed client expectations. As a trusted partner in the industry, Premium Plast Ltd. is committed to shaping a future where quality and innovation converge seamlessly in plastic manufacturing.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1995 | Automobile & Ancillaries | Chetan Dave |
Know Before Investing
Premium Plast IPO Strengths
- Established long-term relationships with customers, providing opportunities to expand the customer base.
- Offer a diverse range of specialized plastic products across various customer segments.
- Possess robust design optimization capabilities.
- Focus on sustainable business development.
- Maintain strong relationships with existing clients and suppliers.
Premium Plast IPO Risks
- The business relies on major customers without firm commitment agreements, making it vulnerable to potential losses or reduced purchases, which could negatively impact operations and financial condition.
- Significant revenue dependence on the automotive molding products division means any customer interruptions could adversely affect business performance.
- Pricing pressure from customers may impact gross margins and profitability, potentially harming overall business results and financial health.
Swot Analysis for Premium Plast IPO
Strengths
Long-standing customer relationships, Diverse specialized plastic products
Weaknesses
Dependence on automotive industry performance, Limited geographical presence
Opportunities
Expansion of customer base, Frowing demand for plastic components
Threats
Fluctuations in raw material prices, Increasing competition in manufacturing
Company Details
Premium Plast Limited
Gala No 3, Shiv Shankar Indl Est No 1,
Virar City (M Corp), Valiv,
Thane, Vasai – 401 208
Phone: +91 025 0660 116
Email: [email protected]
Website: https://premiumplast.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Premium Plast IPO are:
- Expansion of the existing manufacturing facility in Pithampur, Madhya Pradesh, and acquisition of new machinery.
- Funding for capital expenditures to establish a rooftop grid solar power plant at the current manufacturing site.
- Prepayment or repayment of a portion of outstanding borrowings.
- Allocation for general corporate purposes.
- Coverage of offer-related expenses.
Khandwala Securities Limited is the book-running lead managers for the Premium Plast IPO.