The Premium Plast IPO involves a book-built issue amounting to Rs 26.20 crores, consisting entirely of a fresh issue of 53.46 lakh shares.
The subscription period for the IPO is scheduled from October 21, 2024, to October 23, 2024, with the allotment expected to be finalized on October 24, 2024.
The listing is set to take place on the NSE SME, with a tentative listing date of October 28, 2024. The price band for the Premium Plast IPO has been established between ₹46 and ₹49 per share. The minimum application lot size is 3,000 shares, requiring a minimum investment of ₹147,000 for retail investors. For High Net Worth Individuals (HNIs), the minimum investment is set at 2 lots (6,000 shares), amounting to ₹294,000.
Read Premium Plast IPO RHP for detailed information.
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | October 28, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 46 to ₹ 49 / Share |
| Lot Size | 3000 Shares |
| Total Issue Size | ₹26.20 Cr |
| Fresh Issue | ₹26.20 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,751,100 |
| Share holding post issue | 19,097,100 |
| Market Maker portion | 270,000 shares |
Premium Plast Limited IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | October 21, 2024 |
| IPO Close Date | October 23, 2024 |
| Basis of Allotment | October 24, 2024 |
| Initiation of Refunds | October 25, 2024 |
| Credit of Shares to Demat | October 25, 2024 |
| Listing Date | October 28, 2024 |
| Cut-off time for UPI mandate confirmation | October 23, 2024 |
A minimum bid of 3,000 shares is required, with additional bids to be made in multiples of 3,000 shares. The table below outlines the minimum and maximum investment requirements for retail investors and High Net Worth Individuals (HNIs) in terms of both shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | Rs.147,000 |
| Retail (Max) | 1 | 3,000 | Rs.147,000 |
| S-HNI (Min) | 2 | 6,000 | Rs.294,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 95.45% |
| Share Holding Post Issue | 68.73% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 10.04% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 44.98% of the Net Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 44.98% of the Net Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Founded in 1995, Premium Plast Limited is engaged in designing, manufacturing, and supplying exterior, interior, and hood plastic parts for commercial vehicle manufacturers. The company produces a variety of injection and blow-molded plastic components, serving diverse industries and applications. Its product portfolio encompasses automotive parts, industrial plastic components, and packaging items used across multiple sectors, with a specialization in automotive parts. More than 600 components are manufactured at three state-of-the-art facilities located in India.
The company's manufacturing units are strategically positioned, with two facilities situated in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. These units collectively provide a total installed production capacity of 1,975 MTPA.
Competitive strengths include:
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| Debt/Equity | |
| RoNW | 6.37% |
| P/BV | 1.98 |
| PAT Margin (%) | 11.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | 2.96 |
| P/E (x) | 14.11 | 16.57 |
The net proceeds from the offer are intended to be used by the company for the following purposes:
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: info@premiumplast.in Website: https://premiumplast.in/ |
Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com |
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