Premium Plast IPO Details: The Premium Plast IPO will open on October 21, 2024, and close on October 23, 2024. This IPO follows the Book Built Issue method, aiming to raise approximately ₹26.20 crores. The offering includes a fresh issue of ₹26.20 crores along with an offer for sale (OFS) of equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹46 and ₹49 per share. The allocation quotas are as follows: Retail investors – 44.98%, Qualified Institutional Buyers (QIB) – 10.04%, and High Net-worth Individuals (HNI) – 44.98%. The shares are expected to list on the NSE on October 28, 2024, with allotments finalized by October 24, 2024.
Financial Highlights:
- Revenue: ₹39.40 crores in FY 2024 vs. ₹44.05 crores in FY 2023
- Profit: ₹4.17 crores in FY 2024 vs. ₹1.59 crores in FY 2023
Given the company’s improving profitability, long-term investors may find this IPO an attractive opportunity.
Premium Plast IPO Objectives:
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
- 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 Review (Apply or Not)
- Update soon
Premium Plast IPO Date & Price Band Details:
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹46 to ₹49 Per Share |
| Issue Size: | Approx ₹26.20 Crores |
| Fresh Issue: | Approx ₹26.20 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 44.98% |
| QIB Quota: | Not more than 10.04% |
| NII Quota: | Not more than 44.98% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Premium Plast IPO Lot Size:
The Premium Plast IPO has a minimum market lot of 3,000 shares, requiring an application amount of ₹147,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3,000 | ₹147,000 |
| Retail Maximum | 1 | 3,000 | ₹147,000 |
| S-HNI Minimum | 2 | 6,000 | ₹294,000 |
Premium Plast IPO Timeline:
The Premium Plast IPO is set to open on October 21, 2024, and will close on October 23, 2024. Allotments for the IPO will be finalized on October 24, 2024, with shares expected to be listed on the exchange on October 28, 2024.
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Basis of Allotment: | October 24, 2024 |
| Refunds: | October 25, 2024 |
| Credit to Demat Account: | October 25, 2024 |
| IPO Listing Date: | October 28, 2024 |
Premium Plast IPO GMP Today:
The Premium Plast SME IPO has a latest Grey Market Premium (GMP) of ₹5. Given the upper price band of ₹49.00, the estimated listing price for the IPO is projected to be ₹54 (calculated as the cap price plus today’s GMP). This translates to an expected percentage gain of 10.20% per share.
Promoters of Premium Plast IPO
The promoters of Premium Plast Limited are Chetan Nagendra Dave and Dr. Lopa Chetan Dave.
About Premium Plast IPO
Premium Plast Limited, located in Maharashtra, India, specializes in the design, manufacture, and supply of exterior, interior, and hood components for OEMs in the commercial vehicle sector. The company offers a diverse range of products, including automotive parts, plastic components, and packaging solutions.
For the fiscal year ending January 31, 2024, the company reported revenue from operations of ₹39.04 crores, a decline from the previous year’s revenue of just over ₹44.04 crores. The revenue figures for the prior two fiscal years were ₹30.99 crores in 2022 and ₹27.95 crores in 2021.
Premium Plast places a strong emphasis on customer satisfaction and has built robust, long-term relationships with both national and international clients. The company is now preparing to launch an SME IPO, with a price band set between ₹46 and ₹49 per share.
Premium Plast IPO Company Financial Report
The company reported revenue of ₹39.40 crores in 2024 against ₹44.05 crore in 2023. The company reported profit of ₹4.17 crores in 2024 against profit of ₹1.59 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹27.98 | ₹27.01 | ₹0.76 | ₹25.43 |
| 2022 | ₹31.05 | ₹30.08 | ₹0.78 | ₹25.17 |
| 2023 | ₹44.05 | ₹41.84 | ₹1.59 | ₹29.06 |
| Jan 2024 | ₹39.40 | ₹33.76 | ₹4.17 | ₹38.65 |
Premium Plast IPO Valuation – FY2023
Check Premium Plast IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.56% |
| ROCE: | 24.19% |
| EBITDA Margin: | 9.23% |
| PAT Margin: | 3.62% |
| Debt to equity ratio: | 0.35 |
| Earning Per Share (EPS): | ₹3.35 (Basic) |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 13.56% |
| Net Asset Value (NAV): | ₹24.7 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Varroc Engineering Limited | (90.76) | NA | (20.70%) | 3.62 | 3,917.89 Cr. |
| Uno Minda Ltd | 7.46 | 44.7 | 10.99% | 5.44 | 6,657.96 Cr. |
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
IPO Lead Managers aka Merchant Bankers
- Khandwala Securities Limited
Company Address
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 FAQs
What is the Premium Plast IPO?
The Premium Plast IPO is a Small and Medium Enterprise (SME) IPO aiming to raise ₹26.20 crores. The issue is priced between ₹46 to ₹49 per equity share and will be listed on the NSE.
When will the Premium Plast IPO open for subscription?
The IPO will open for subscription on October 21, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors, and will close on October 23, 2024.
What is the investor portion for the Premium Plast IPO?
The allocation for investors is as follows:
- QIB: 10.04%
- NII: 44.98%
- Retail: 44.98%
How can I apply for the Premium Plast IPO?
You can apply for the Premium Plast IPO through the ASBA (Application Supported by Blocked Amount) facility via your bank account. Additionally, you can apply online through UPI via your stock broker or by filling out an offline form through your broker.
What is the size of the Premium Plast IPO issue?
The total issue size for the Premium Plast IPO is ₹26.20 crores.
What is the Premium Plast IPO price band?
The price band for the Premium Plast IPO is set between ₹46 and ₹49 per share.
What is the lot size for the Premium Plast IPO?
The minimum bid for the Premium Plast IPO is 3,000 shares, with a total application amount of ₹147,000.
What is the allotment date for the Premium Plast IPO?
The allotment date for the Premium Plast IPO is October 24, 2024.
What is the listing date for the Premium Plast IPO?
The listing date for the Premium Plast IPO is scheduled for October 28, 2024, and it will be listed on the NSE.
