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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Premium Plast Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | 49 | 9 (18.37%) | 2024-10-28 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Premium Plast Limited IPO, GMP, Details, Price, And Review 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 | 3000 Shares |
| Total Issue Size | 5,346,000 shares (aggregating up to ₹26.20 Cr) |
| Fresh Issue | 5,346,000 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 Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Premium Plast Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹147,000 |
| Retail (Max) | 1 | 3000 | ₹147,000 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
Premium Plast Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.45% | 68.73% |
Competitive Strength:
- ● 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.
Premium Plast Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently Asked Questions (FAQs)
-
What is Premium Plast IPO?
Premium Plast IPO is a SME IPO. The company is going to raise ₹26.20 Crores via IPO. The issue is priced at ₹46 to ₹49 per equity share. The IPO is to be listed on NSE.
-
When will the Premium Plast IPO open for subscription?
The IPO is to open on October 21, 2024, for QIB, NII and Retail Investors. The IPO will close on October 23, 2024.
-
What is the Premium Plast IPO Investors Portion?
The investors’ portion for QIB is 10.04%, NII is 44.98%, and Retail is 44.98%
-
What is Premium Plast IPO Issue Size?
Premium Plast IPO issue size is ₹26.20 crores.
-
What is the Premium Plast IPO Price Band?
Premium Plast IPO Price Band is ₹46 to ₹49.
-
What is Premium Plast IPO Lot Size?
The minimum bid is 3000 Shares with ₹147,000 amount.
-
What is the Premium Plast IPO Allotment Date?
Premium Plast IPO allotment date is October 24, 2024.
