This IPO is to be list on NSE platform on 28 October 2024, and allotment date is on 24 October 2024 which check Premium Plast IPO allotment status on Bigshare Services Pvt Ltd is the registrar for this offering.
The book-running lead managers of this IPO is Khandwala Securities Limited. For more information check Premium Plast IPO DRHP and RHP details.
Premium Plast IPO Details
| IPO Issue Open Date: | 21 October 2024 |
| IPO Issue Close Date: | 23 October 2024 |
| IPO Issue Price Band: | ₹46 to ₹49 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹26.20 Crores | 5,346,000 shares |
| Fresh Issue: | ₹26.20 Crores | 5,346,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE |
| IPO Retail Quota: | Not more than 44.98% |
| QIB Quota: | Not more than 10.04% |
| NII Quota: | Not more than 44.98% |
| Employee Discount: | ?[.] per share |
Premium Plast IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Premium Plast IPO Dates Timeline
| Issue Open Date: | 21 October 2024 |
| Issue Close Date: | 23 October 2024 |
| Basis of Allotment Date: | 24 October 2024 |
| Refunds Initiation: | 25 October 2024 |
| Shares Credit in Demat: | 25 October 2024 |
| IPO Listing Date Detail: | 28 October 2024 |
Premium Plast IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 3000 shares = ₹147,000 |
| Retail (Max) | 1 lots and 3000 shares = ₹147,000 |
| HNI (Min) | 2 lots and 6000 shares = ₹294,000 |
| B-HNI Minimum | – |
Premium Plast IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 24th Oct | ₹10 | ₹30,000 | ₹- | 20% |
| 23th Oct | ₹14 | ₹30,000 | ₹- | 29% |
| 21thOct | ₹10 | ₹20,000 | ₹- | 20% |
| 18th Oct | ₹5 | ₹10,000 | ₹- | 10% |
| 17th Oct | ₹- | ₹10,000 | ₹- | 10% |
| 16th Oct | ₹- | ₹- | ₹- | ₹- |
About Premium Plast
Premium Plast Limited is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers (“OEMs”)) automotive component group. They design, manufacture, and supply, exterior plastic components, interior cabin components, under hood components to commercial vehicle OEMs directly. They are an IATF-16949, ISO 9001:2015, and ISO 14001:2004 specialized plastic injection and blow mold components manufacturer. They manufacture a wide variety of injection and blow molded plastic articles for a broad group of industries and applications. Their products broadly include automotive parts, plastic industrial components, and packaging components, which cater to a diverse range of industries. They specialist in the manufacturing of automotive parts and have manufactured over 600 components across three facilities strategically located in India.
Premium Plast IPO Strengths
- Long-standing relationships with established customers, with potential to expand our customer base.
- We provide a diverse range of specialized plastic products across varied customer segments.
- Increasing manufacturing capacity of setting up of an additional manufacturing unit to focus on the growing demand of our products.
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹39.40 crores in 2024 against ₹44.05 crores in 2023. The company reported a profit of ₹4.17 crores in 2024 against a profit of ₹1.59 crores in 2023.
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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
Premium Plast IPO Lead Manager
- Khandwala Securities Limited
Premium Plast IPO allotment status check on Link Intime website. Click on Bigshare Services Pvt Ltd to get allotment status.
Promoters of Premium Plast
- Mr. Haresh Mohanlal Senghani
- Mr. Rahul Mohanlal Senghani
- Mrs. Hinaben Haresh Senghani
- Manishaben Rahul Senghani.
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/