Premium Plast IPO
IPO Listing Details
- Listing Date
28 Oct 2024
- Listing Price
₹ 51.45
- Listing Change
5.00%
- Last Traded Price
₹ 37.10
IPO Details
- Open Date
21 Oct 2024
- Close Date
23 Oct 2024
- IPO Price Range
₹ 46 - ₹ 49
- IPO Size
₹ 26.20 Cr
- Listing Exchange
NSE SME
- Listing Date
28 Oct 2024
IPO Timeline
Premium Plast IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Oct-24 | 1.00 | 0.88 | 7.16 | 3.72 |
| 22-Oct-24 | 1.00 | 2.11 | 17.17 | 8.77 |
| 23-Oct-24 | 6.74 | 19.56 | 65.37 | 38.87 |
Last Updated: 23 October 2024 6:39 PM by 5Paisa
Premium Plast IPO is set to open on 21 October 2024 and will close on 23 October 2024. The company makes and supplies plastic parts for the outside and inside of commercial vehicles including hood parts, directly to vehicle manufacturers.
The IPO includes a fresh issue of 53.46 lakh shares aggregating ₹26.20 Cr and does not include OFS. The price range is set between ₹46 - ₹49 per share and the lot size is 3000 shares.
The allotment is scheduled to be finalized on 24 October 2024. It will go public on NSE SME, with a tentative listing date of 28 October 2024.
Khandwala Securities Limited is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Premium Plast IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹26.20 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹26.20 Cr |
Premium Plast IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹147,000 |
| Retail (Max) | 1 | 3000 | ₹147,000 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
Premium Plast IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 6.74 | 5,10,000 | 34,35,000 | 16.83 |
| NII (HNI) | 19.56 | 22,83,000 | 4,46,46,000 | 218.77 |
| Retail | 65.37 | 22,83,000 | 14,92,29,000 | 731.22 |
| Total | 38.87 | 50,76,000 | 19,73,10,000 | 966.82 |
1. Expand the facility in Pithampur, Madhya Pradesh, and acquire new machinery.
2. Fund the setup of a rooftop solar power plant at the existing site.
3. Prepay or repay a portion of outstanding borrowings.
4. For general corporate needs.
5. Cover expenses related to the offer.
Premium Plast established in 1995, focuses on designing, manufacturing and supplying plastic parts for commercial vehicles. The company produces various injection and blow-moulded plastic components for multiple industries including automotive, industrial and packaging sectors.
Specializing in automotive parts, Premium Plast manufactures over 600 different components across three modern facilities in India. Two of these facilities are located in Pithampur, Madhya Pradesh while the third is in Vasai, Maharashtra. The combined production capacity of these facilities is 1,975 metric tons per annum (MTPA). As of 30 June 2024, the company employs a total of 39 people.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 46.71 | 44.05 | 31.05 |
| EBITDA | 6.45 | 2.21 | 0.97 |
| PAT | 4.78 | 1.59 | 0.78 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 38.09 | 29.05 | 25.17 |
| Share Capital | 4.76 | 4.76 | 4.76 |
| Total Borrowings | 8.31 | 5.05 | 5.12 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.71 | 3.50 | 5.38 |
| Net Cash Generated From / (used in) investing activities | -3.24 | -2.27 | -1.69 |
| Net Cash Generated From / (used in) financing activities | 1.63 | -1.46 | -3.50 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.11 | -0.13 | 0.19 |
Strengths
1. The company has long standing relationships with established customers which can lead to repeat business and a strong reputation in the industry. This loyalty provides a stable revenue base and potential for referrals.
2. Premium Plast offers a wide variety of specialized plastic products across different customer segments. This diversity helps mitigate risks associated with reliance on a single market or product line and attracts a broader customer base.
3. With strategically located manufacturing facilities in Pithampur and Vasai, the company can optimize logistics and reduce transportation costs, enhancing operational efficiency and responsiveness to customer needs.
Risks
1. A significant portion of the company's products is likely geared towards the automotive sector. Any downturn in this industry such as economic slowdowns or shifts toward electric vehicles, could adversely affect sales and profitability.
2. The specialized plastic manufacturing industry is competitive with various players vying for market share. Increased competition could lead to pricing pressures and reduced margins.
3. Manufacturing operations are subject to risks such as equipment failures, supply chain disruptions and fluctuations in raw material prices. These factors can impact production efficiency and lead to unexpected costs.
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FAQs
Premium Plast IPO opens from 21 October to 23 October 2024.
The size of the Premium Plast IPO is ₹26.20 Cr.
The price of the Premium Plast IPO is fixed at ₹46 - ₹49 per share.
To apply for Premium Plast IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Premium Plast IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Premium Plast IPO is 3000 shares and the investment required is ₹1,38,000.
The share allotment date of Premium Plast IPO is 24 October 2024.
The Premium Plast IPO will be listed on 28 October 2024.
Khandwala Securities Limited is the book running lead manager for Premium Plast IPO.
Premium Plast plans to utilize the raised capital from the IPO for:
1. Expand the facility in Pithampur, Madhya Pradesh, and acquire new machinery.
2. Fund the setup of a rooftop solar power plant at the existing site.
3. Prepay or repay a portion of outstanding borrowings.
4. For general corporate needs.
5. Cover expenses related to the offer.
Contact Information
Premium Plast
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 Register
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
Khandwala Securities Limited
