Premium Plast Limited designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.
Premium Plast manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. The company’s product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India.
The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA.
As of June 30, 2024, the company had a total of 39 employees.
Premium Plast IPO – Details
| IPO Opening Date | 21 October 2024 |
| IPO Closing Date | 23 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 53,46,000 Shares Worth ₹26.20 Crore Fresh Issue: 53,46,000 Shares Worth ₹26.20 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹46 – ₹49 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 10.04% |
| Retail Shares Offered | 44.98% |
| NII (HNI) Shares Offered | 44.98% |
Premium Plast IPO – Date Schedule
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| Basis of Allotment | 24 October 2024 |
| Initiation of Refund | 25 October 2024 |
| Credit of Shares to Demat Account | 25 October 2024 |
| IPO Listing Date | 28 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
Premium Plast IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,47,000 |
| Retail (Max) | 1 | 3,000 | ₹1,47,000 |
| HNI (Min) | 2 | 6,000 | ₹2,94,000 |
Competitive Strengths
- Long-standing relationships with established customers, with potential to expand the customer base.
- diverse range of specialized plastic products across varied customer segments.
- Robust design optimization capabilities.
- Sustainable business development.
- Existing client and supplier relationships.
- Strategic location of manufacturing units.
Company Promoters
- Chetan Nagendra Dave
- Dr. Lopa Chetan Dave
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 31.04 | 30.07 | 0.77 | 5.12 |
| 31 March 2023 | 44.04 | 41.84 | 1.59 | 5.05 |
| 31 March 2024 | 46.70 | 40.25 | 4.77 | 8.30 |
| 30 June 2024 | 12.12 | 10.18 | 1.41 | 5.06 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| 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 |
Object Of The Issue
- Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries;
- Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- General Corporate Purpose; and
- Offer Related Expenses.
Premium Plast IPO Promoter Holding
| Pre Issue Share Holding | 95.45% |
| Post Issue Share Holding | 68.73% |
Premium Plast IPO Prospectus
Company Contact Information
| 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/ |
Premium Plast IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Premium Plast IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
Premium Plast IPO FAQs
| What is Premium Plast IPO? Premium Plast IPO is an SME IPO. The issue is priced at ₹46 and ₹49 per equity share. The IPO is to be listed on NSE SME. |
| When Premium Plast IPO will open? The IPO is to open on 21 October 2024 for QIB, NII, and Retail Investors. |
| What is Premium Plast IPO Investors Portion? The investors’ portion for QIB- 10.04%, Retail – 44.98%, NII – 44.98%. |
| How to Apply the Premium Plast IPO? You can apply Premium Plast IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Premium Plast IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Premium Plast IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Premium Plast IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Premium Plast IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Premium Plast IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Premium Plast IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Premium Plast IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Premium Plast IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Premium Plast IPO Size? Premium Plast IPO size is ₹26.20 Crore. |
| What is Premium Plast IPO Price Band? Premium Plast IPO Price Band is ₹46 – ₹49. |
| What is Premium Plast IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹1,47,000 amount while the maximum bid is 3000 Shares with ₹1,47,000. |
| What is the Premium Plast IPO Allotment Date? Premium Plast IPO allotment date is 24 October 2024. |
| What is the Premium Plast IPO Listing Date? Premium Plast IPO listing date is 28 October 2024. The IPO is to be listed on NSE SME. |
