Premium Plast IPO Details
The Premium Plast IPO is a book build issue with a total issue size of ₹26.2 cr, comprising of fresh issue of 5346000 equity shares. Premium Plast IPO opened for subscription on Oct 21, 2024 and closed on Oct 23, 2024. Premium Plast IPO is set price band at ₹46 to ₹49 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹294,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 24, 2024, and listed on the NSE on Oct 28, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Khandwala Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Premium Plast IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 46 – 49
- Lot Size
- 3000
- Issue Size
- ₹26.2 Cr
- Minimum Investment
- ₹294000 (6000 Shares)
- Listing Date
- 28 October 2024
Current GMP
₹9 (+18.37%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Khandwala Securities Limited
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 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.
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 per share.
Premium Plast IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹294000 based on the upper price band
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.
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.
Premium Plast IPO issue size is ₹26.2 crores.
Premium Plast IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.