Premium Plast IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Mon, 21 Oct 2024
Close Date
Wed, 23 Oct 2024
Price Band
₹ 46 – 49
Lot Size
3000
Issue Size
₹ 26.20 Cr
Minimum Investment
₹ 294,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Premium Plast IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹26.20 Crore, comprising a fresh issue of 53.46 Lakh equity shares aggregating to ₹26.20 Crore.
The Premium Plast IPO remained open for subscription from October 21, 2024, to October 23, 2024. The basis of allotment was finalized on October 24, 2024, and the company's shares were listed on NSE SME Platform on October 28, 2024.
The company had fixed the price band at ₹46 to ₹49 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹294,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Khandwala Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Premium Plast Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Premium Plast IPO Timeline (Tentative)
- IPO Open Date
- Mon, 21 Oct 24
- IPO Close Date
- Wed, 23 Oct 24
- Basis of Allotment
- Thu, 24 Oct 24
- Initiation of Refunds
- Fri, 25 Oct 24
- Credit of Shares to Demat
- Fri, 25 Oct 24
- Listing Date
- Mon, 28 Oct 24 — NSE & BSE
Open Date
21 October 2024
Close Date
23 October 2024
Basis Of Allotment
24 October 2024
Listing Date
28 October 2024
IPO Subscription
Check Live Subscription →The Premium Plast IPO has received bids for 19,75,80,000 shares against 50,76,000 shares offered, resulting in an overall subscription of 38.92x. the NII category is subscribed 19.67x, Retail Investors 65.37x, and QIBs 6.74x.
Total
38.92x
QIB
6.74x
NII
19.67x
RII
65.37x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,83,000 shares, representing 42.7% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,10,000 shares (9.54%), while Non-Institutional Investors (NIIs) receive 22,83,000 shares (42.7%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 270,000 | 5.05% |
| Qualified Institutions | 510,000 | 9.54% |
| Non-Institutional | 2,283,000 | 42.7% |
| Retail Investors | 2,283,000 | 42.7% |
| Total | 5,346,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Premium Plast Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 6.37 |
| ROCE % | 7.88 |
| RoNW % | 6.37 |
| PbW | 1.98 |
| Pat Margin % | 11.64 |
Peers Comparison
No Peer Comparision Available
About Premium Plast Limited
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.
Premium Plast IPO Promoters
- Chetan Nagendra Dave
- Dr. Lopa Chetan Dave
Promoters Holding
Holding Pre Issue
95.45%
Holding Post Issue
68.73%
Premium Plast IPO Objective
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
Premium Plast Limited Address / Contact Details
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
Premium Plast IPO Lot Size
The Premium Plast IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,47,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,47,000.
| 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 |
Issue Reservation
- Market Maker — 5.05%
- QIB — 9.54%
- NII — 42.7%
- RII — 42.7%
Book Running Lead Managers
- Khandwala Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Premium Plast IPO?
Premium Plast IPO is a Book-building IPO with a total issue size of ₹26.2 crore. The Premium Plast IPO price band is ₹46 to 49 per share. The Premium Plast IPO subscription opens on Mon, Oct 21, 2024, and closes on Wed, Oct 23, 2024. The Premium Plast IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Premium Plast IPO.
When will the Premium Plast IPO open for subscription?
The Premium Plast IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024
What is Premium Plast IPO Price Band?
Premium Plast IPO Price Band is ₹46 to 49 per share.
What is Premium Plast IPO Lot Size?
Premium Plast IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹294000 based on the upper price band
What is the minimum investment for Premium Plast IPO?
The minimum investment for Premium Plast IPO is ₹294000, based on one lot of 3000 shares at the upper price band of ₹49 per share.
How to apply for Premium Plast IPO?
Investors can apply for the Premium Plast IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Oct 23, 2024. The application amount remains blocked until the Premium Plast IPO allotment is finalized.
What is Premium Plast IPO Issue Size?
Premium Plast IPO issue size is ₹26.2 crores.
What is the Premium Plast IPO Allotment Date?
Premium Plast IPO allotment date is Thu, Oct 24, 2024.
Who is the Premium Plast IPO Registrar?
The registrar for Premium Plast IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Premium Plast IPO allotment status, refund processing, and other IPO-related information.
What is the Premium Plast IPO GMP?
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 18.37% over the issue price.
Who is the Premium Plast IPO Lead Manager?
The book-running lead managers (BRLMs) for the Premium Plast IPO are Khandwala Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Premium Plast IPO Red Herring Prospectus (RHP).