Premium Plast Limited IPO

NiftyTrader • October 17, 2024

Post Views: 136

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

IPO Date	October 21, 2024 to October 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹46 to ₹49 per share
Lot Size	3000 Shares
Total Issue Size	5,346,000 shares (aggregating up to ₹26.20 Cr)
Fresh Issue	55,346,000 shares (aggregating up to ₹26.20 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	13,751,100
Shareholding post-issue	19,097,100
Market Maker portion	270,000 shares

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.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹147,000
Retail (Max)	1	3000	₹147,000
S-HNI (Min)	2	6000	₹294,000

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.

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

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Revenue	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
				Amount in ₹ Lakhs

Premium Plast IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 10.04% of the Net offer
Retail Shares Offered	Not less than 44.98% of the Net Offer
NII (HNI) Shares Offered	Not less than 44.98% of the Net Offer

Premium Plast IPO Timeline

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

IPO Open Date	Monday, October 21, 2024
IPO Close Date	Wednesday, October 23, 2024
Basis of Allotment	Thursday, October 24, 2024
Initiation of Refunds	Friday, October 25, 2024
A credit of Shares to Demat	Friday, October 25, 2024
Listing Date	Monday, October 28, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 23, 2024