October 28, 2024
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Premium Plast listing Review
Will give detailed review on listing of this IPO
Premium Plast IPO allotment Link
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Subscription status of Premium Plast IPO
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Premium Plast Limited IPO (Closed) Price Rs. 49 Lot 3000 shares, Rs. 26.20 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 6.74 | 19.56 | 65.37 | 38.87 | 49,743 (65.37x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Premium Plast?
Founded in 1995, Premium Plast Limited specializes in designing, manufacturing, and supplying plastic components for both exterior and interior applications, as well as hood parts for commercial vehicle manufacturers.
Premium Plast produces a diverse range of injection and blow-moulded plastic parts across various industries. Its extensive product portfolio includes automotive components, industrial plastic products, and packaging materials, catering to numerous applications. The company is particularly focused on the automotive sector, boasting a production capacity of over 600 components across three advanced manufacturing facilities in India.
The company operates three strategically located manufacturing plants: two in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra. Together, these facilities have a total installed capacity of 1,975 metric tons per annum (MTPA).
Get more information about the company @ https://premiumplast.in/
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Premium Plast IPO Details |
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| IPO opens on | 21 October 2024 |
| IPO closes on | 23 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5346,000 Shares / Rs 26.20 Crore |
| * Fresh Issue | 5346,000 Shares / Rs 26.20 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 270000 Shares |
| Net offer to Public | Shares/ Rs. Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.46-49 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (10.04%) | 509600 | 2.49 |
| NII (44.98%) | 2283200 | 11.19 |
| RII (44.98%) | 2283200 | 11.19 |
| Total Shares | 5076000 | 24.87 |
| Retail portion will be oversubscribed by |
761 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 3000 Shares | Rs.147000 |
| Min HNI Application | 6000 Shares | Rs.294000 |
Who are the Promoters of Premium Plast?
Chetan Nagendra Dave and Dr. Lopa Chetan Dave are the company’s promoters
What are the Objects of Premium Plast IPO?
The Offer comprises of fresh issue of shares
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.
Tentative timetable |
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| IPO opens on | 21 October 2024 |
| IPO Closes on | 23 October 2024 |
| IPO Allotment on | 24 October 2024 |
| Refund Initiation | 25 October 2024 |
| Credit of Shares | 25 October 2024 |
| Listing on | 28 October 2024 |
| Registered Office of the Company Premium Plast Limited Gala No 3, Shiv Shankar Indl Est No 1, Virar City (M Corp), Valiv, Thane, Vasai – 401 208 |
| Who is the Lead Manager of this IPO? Khandwala Securities ltd |
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Who is the Registrar to IPO? |
Premium Plast IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Premium Plast IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 31.05 | 0.78 | – | |
| 2022-23 | 44.04 | 1.59 | – | |
| 2023-24 | 46.71 | 4.77 | 10.03 | 28.90 |
| Book Value of the Share on 31.03.2024 |
Rs | 34.70 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 49 | ||
IPO
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| Price/EPS of 23-24 | 4.88 |
| Price/BV Ratio | 1.41 |
| Price/BV after IPO | |
How Premium Plast IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Premier Plast | 4.88 | ||
| Varroc Engineering | 17 | ||
| Uno Minda | 64.80 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Premium Plast IPO Review
Founded in 1995, Premium Plast Limited specializes in designing, manufacturing, and supplying plastic components for both exterior and interior applications, as well as hood parts for commercial vehicle manufacturers
Size: Net size of the IPO is Rs.24.87 crore, comprising of 50.76,000 shares. IPO size is not large considering the recent trends. With 761 applications, retail portion can get one time subscribed
Financial Snapshot: In the fiscal year 2023-24, just before the IPO, the company reported a net profit of Rs. 4.77 crore on total income of Rs. 46.71 crore. This marks a significant increase compared to the fiscal year 2021-22, when the company achieved a net profit of Rs. 0.78 crore on total income of Rs. 31.05 crore. The net profit margin to sales for the year 2023-24 has been 10.21% compared to the net profit margin of 2.51% in the year 2021-22. This substantial rise in profits for 2023-24 warrants closer examination and raises important questions.
+ from fundamental angle: May Avoid
+ from grey market angle: ?
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Premium Plast IPO FAQs
What is Premium Plast IPO?
This is a SME IPO of 5346000 equity shares of the face value of Rs. 10 aggregating up to Rs.26.20 Crores. The issue is priced at Rs.46-49 per share. The minimum order quantity is 3000 Shares.
When Premium Plast IPO subscription open?
Premier Plast IPO opens on October 21, 2024, and closes on October 23, 2024.
What is the lot size of Premium Plast IPO?
Premier Plast IPO lot size is 3000 Shares, and the minimum amount required is Rs.147000
How to apply for Premium Plast IPO?
You can apply in Premier Plast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Premium Plast IPO allotment?
The finalization of Basis of Allotment for Premier Plast IPO will be done on October 24, 2024, and the allotted shares will be credited to your demat account by October 25, 2024.
When is Premium Plast IPO listing date?
Premier Plast IPO listing date is October 28, 2024
