Premium Plast IPO
Open SmeCurrent GMP
₹9 (+18.37%)
Price Band
₹ 46 – 49
Lot Size
3000
Issue Size
₹26.2 Cr
Minimum Investment
₹294000 (6000 Shares)
Listing Date
28 October 2024
Subscription
38.92x
About the Company
Premium Plast Limited is a tier-1 automotive component manufacturer that directly supplies to original equipment manufacturers (OEMs). The company specializes in designing, manufacturing, and supplying a wide range of exterior and interior plastic components, as well as under-the-hood parts, primarily for commercial vehicle OEMs. Premium Plast is certified with IATF-16949, ISO 9001:2015, and ISO 14001:2004, and operates using advanced plastic injection and blow moulding technologies.
The company manufactures over 600 different components across three strategically located facilities in India. Its product portfolio includes:
- Automotive Components: Exterior parts like fenders, grills, bumpers, and interior components such as dashboards, door handles, and steering wheels for commercial vehicles and tractors.
- Industrial Plastic Parts: Custom-engineered plastic parts for electrical distribution systems, including holders, bushings, and safety limit switches.
- Molded Industrial Packaging: Specialized packaging such as boxes for ear buds and torque spanners.
Premium Plast serves a diverse range of industries, including the automotive sector, electrical distribution, and industrial packaging. Its key customers include domestic and international automobile OEMs, as well as manufacturers in sectors such as ear buds, cotton, and industrial tools. The company is the exclusive supplier of automotive components for several OEMs in the commercial vehicle sector, including the Volvo Eicher Group.
Promoters
- Chetan Nagendra Dave
- Dr. Lopa Chetan Dave
Promoters Holding
Holding Pre Issue
95.45%
Holding Post Issue
68.73%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
1. Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries
2. Funding of capital expenditure requirement of our Company towards Set up of Rooftop on Grid Solar Power
Plant at our existing Manufacturing facility
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
4. General Corporate Purpose
5. Offer Related Expenses
Address / Contact Info
Premium Plast Limited
Gala No 3, Shiv Shankar Indl Est No 1,
Virar City (M Corp), Valiv, Thane,
Vasai - 401 208, Maharashtra, India
Phone: +91 025 0660 116
Email: info@premiumplast.in
Website: https://premiumplast.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 21 October 2024
IPO Close Date
Wednesday, 23 October 2024
Basis of Allotment
Thursday, 24 October 2024
Initiation of Refunds
Friday, 25 October 2024
Credit of Shares to Demat
Friday, 25 October 2024
Listing Date
Monday, 28 October 2024 — NSE & BSE
Important Dates
Open Date
21 October 2024
Close Date
23 October 2024
Basis Of Allotment
24 October 2024
Listing Date
28 October 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4006.31 | 3809.23 | 2905.45 | 2516.95 |
| Revenue | 1212.81 | 4670.59 | 4404.83 | 3104.78 |
| Profit After Tax | 141.16 | 477.55 | 159.32 | 77.7 |
| Net Worth | 2216.67 | 1652.51 | 1174.96 | 1015.64 |
| Reserve & Surplus | 841.56 | 1176.45 | 698.91 | 539.59 |
| Total Borrowings | 506.84 | 830.98 | 505.35 | 512.28 |
EPS Pre
3.47%
EPS Post
2.96%
P/E Pre
14.11
P/E (Post Issue)
16.57x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 6.37 |
| ROCE % | 7.88 |
| Debt / Equity | 0 |
| RoNW % | 6.37 |
| PbW | 1.98 |
| Pat Margin % | 11.64 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 270000 | 5.05 | 0 |
| Qualified Institutions | 510000 | 9.54 | 0 |
| Non-Institutional | 2283000 | 42.7 | 0 |
| Retail Investors | 2283000 | 42.7 | 0 |
| Total | 5346000 | 100 | 0 |
Subscription Status ( Wed, 23 Oct 24 12:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Total | 5076000 | 197580000 | 38.92x |
| Qualified Institutions | 510000 | 3435000 | 6.74x |
| Non-Institutional | 2283000 | 44916000 | 19.67x |
| Retail Investors | 2283000 | 149229000 | 65.37x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 147,000.00 |
| Retail (Max) | 1 | 3,000 | 147,000.00 |
| S-HNI (Min) | 2 | 6,000 | 294,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Khandwala Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Premium Plast IPO is a Book-building IPO worth ₹26.2 crores. The price band is ₹46 to 49 per share. The IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Premium Plast IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024
Premium Plast IPO Price Band is ₹46 to 49.
Premium Plast IPO lot size is 3000, and the minimum amount required for application is ₹294000.
The minimum investment for Premium Plast IPO is approximately ₹294000 based on the upper price band.
To apply for the Premium Plast IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Oct 23, 2024. After submission, funds are blocked until the basis of allotment of Premium Plast IPO is finalised.
Premium Plast IPO issue size is ₹26.2 crores.
Premium Plast IPO allotment date is Sat, Jun 27, 2026.
The registrar for Premium Plast IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Premium Plast IPO through their official website or helpline.
The Premium Plast IPO GMP (Grey Market Premium) is ₹9 as of Mon, Oct 28, 2024. Based on the upper price band of ₹49 per share, the estimated Premium Plast IPO listing price is ₹58, indicating a potential listing gain of approximately 31% over the issue price.