Premium Plast Limited IPO

Premium Plast Limited IPO opens for subscription on October 21, 2024, and closes on October 23, 2024. The allotment for the Premium Plast IPO is expected to be finalized on Thursday, October 24, 2024. The IPO will list on NSE SME, with a tentative listing date fixed as Monday, October 28, 2024.

The Premium Plast IPO opens for subscription on October 21, 2024, and closes on October 23, 2024. The allotment for the IPO is expected to be finalized on Thursday, October 24, 2024. The IPO will list on NSE SME, with a tentative listing date fixed as Monday, October 28, 2024.

Premium Plast IPO is a book built issue of Rs 26.20 crores. The issue is entirely a fresh issue of 53.46 lakh shares.

Premium Plast IPO Details

Premium Plast IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Premium Plast IPO Objectives

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 the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility;
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
4. General Corporate Purpose; and
5. Offer Related Expenses.

About Premium Plast Limited

Founded in 1995, Premium Plast Limited specializes in the design, manufacture, and supply of exterior, interior, and hood plastic components for commercial vehicles, alongside a diverse range of injection and blow-molded parts for various industries. With over 600 automotive components produced across three strategically located facilities in Pithampur, Madhya Pradesh, and Vasai, Maharashtra, the company boasts a total installed capacity of 1,975 MTPA. Premium Plast’s competitive strengths include long-standing relationships with established customers, the ability to expand its client base, robust design optimization capabilities, and a commitment to sustainable development. The company also benefits from strategic production locations, adherence to quality standards, and an experienced management team, all supported by a dedicated workforce of 39 employees as of June 30, 2024.

Premium Plast Limited Financial Information

Premium Plast IPO Reservation

Premium Plast IPO Timeline

Premium Plast IPO opens on October 21, 2024, and closes on October 23, 2024.