Premium Plast Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 46 to ₹ 49 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 53,46,000 shares (aggregating up to ₹ 26.20 Cr) |
| Fresh Issue | 53,46,000 shares (aggregating up to ₹ 26.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,37,51,100 |
| Shareholding post issue | 1,90,97,100 |
| Market Maker portion | 2,70,000 shares |
About Premium Plast Limited IPO, GMP, Details, Price, And Review
Premium Plast Limited was founded in 1995 and designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.
Premium Plast manufactures various injection and blow molded plastic parts for a wide range of industries and applications. The company's product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India.
The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA.
Premium Plast IPO Overview
• Issue Size ₹ 26.20 crores
· Type: Entirely a fresh issue of 53.46 lakh shares
• Subscription Dates:
· Open: October 21, 2024
· Close: October 23, 2024
• Price Band: ₹46 to ₹49 per share
• Minimum Lot Size: 3000 shares
• Book Running Lead Manager: Khandwala Securities Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Asnani Stock Broker
Objectives of Premium Plast IPO
-
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objectives:
- 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 a 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.
- 5. Offer Related Expenses.
Premium Plast Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 1,212.81 Cr
Profit After Tax
₹ 141.16 Cr
Net Worth
₹ 2,216.67 Cr
Total Borrowing
₹ 506.84 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 June 2024 | 4,006.31 | 1,212.81 | 141.16 | 2,216.67 | 506.84 |
| 31 Mar 2024 | 3,809.23 | 4,670.59 | 477.55 | 1,652.51 | 830.98 |
| 31 Mar 2023 | 2,905.45 | 4,404.83 | 159.32 | 1,174.96 | 505.35 |
| 31 Mar 2022 | 2,516.95 | 3,104.78 | 77.7 | 1,015.64 | 512.28 |
| Amount in ₹ Crore | |||||
Premium Plast Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Premium Plast Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹918, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹967, which is 1873.47% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹49 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹918 and a lot size of 3000 shares.
Premium Plast Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | ₹49 | ₹9 (18.37%) | 2024-10-28 |
Premium Plast Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| RoNW | 6.37% |
| P/BV | 1.98 |
| PAT Margin (%) | 11.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | 2.96 |
| P/E (x) | 14.11 | 16.57 |
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Long-standing relationships with established customers, with the potential to expand the customer base.
The company offers a wide range of specialized plastic products for various customer segments.
Robust design optimization capabilities.
Sustainable business development.
Existing customer and supplier relationships.
Strategic location of production units.
Certifications according to quality standards and quality inspections.
Experienced promoters and an experienced management team.
Download regulatory filings
Premium Plast Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹ 1,47,000 |
| Retail (Max) | 1 | 3,000 | ₹ 1,47,000 |
| HNI (Min) | 2 | 6,000 | ₹ 2,94,000 |