Premium Plast Limited (NSE SME)

Oct 21, 2024 - Oct 23, 2024

Price ₹46 - ₹49
Premium ₹9
Lot size 3000
Allotment Oct 24, 2024
Listing Oct 28, 2024
Category Lot(s) Qty Amount Reserved
Retail 1 3000 147000 761
HNI 2 6000 294000 761

Last updated on 23-Oct-2024 18:35:06

CategoryOfferedAppliedTimes
QIB51000034350006.74
NIB22830004492500019.68
RETAIL228300014923800065.37
Total507600019759800038.93
Application Wise Breakup
CategoryApp. Received
QIB3
NIB4070
RETAIL49746
Total53819
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIB2.516.836.74
NIB11.19220.1319.68
RETAIL11.19731.2765.37
Total24.87968.2338.93
QIB Interest Cost Per Share (7 Days)
@7%
₹0.44		@8%
₹0.51		@9%
₹0.57		@10%
₹0.63		@11%
₹0.7		@12%
₹0.76
HNI Interest Cost Per Share (7 Days)
@7%
₹1.29		@8%
₹1.48		@9%
₹1.66		@10%
₹1.85		@11%
₹2.03		@12%
₹2.22
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail42.70%2283000
NII (HNI)42.70%2283000
QIB9.54%510000
Market Maker5.05%270000
Total 100.00%5346000

Premium Plast IPO Details

Total Issue Size5,346,000 shares
(aggregating up to ₹26.20 Cr)
Fresh Issue5,346,000 shares
(aggregating up to ₹26.20 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue13,751,100
Share holding post issue19,097,100
Market Maker portion270,000 shares
Asnani Stock Broker

Key Performance Indicators

KPIJun-24Mar-24Mar-23
ROE6.37%28.90%13.56%
ROCE7.88%28.01%13.95%
RONW6.37%28.90%13.56%
EPS
(basic)		1.0310.033.35
P/E
Pre IPO		14.11
P/E
Post IPO		16.57

Financial Statement (Restated)

Period EndedJun-24Mar-24Mar-23Mar-22
Assets4,006.313,809.232,905.452,516.95
Revenue1,212.814,670.594,404.833,104.78
Profit After Tax141.16477.55159.3277.7
Net Worth2,216.671,652.511,174.961,015.64
Reserves and Surplus841.561,176.45698.91539.59
Total Borrowing506.84830.98505.35512.28
Amount in Lakhs.

About Company

Premium Plast Limited, founded in 1995, is a leading manufacturer specializing in the design, production, and supply of exterior, interior, and hood plastic components for commercial vehicle manufacturers. The company manufactures a wide range of injection and blow-moulded plastic parts, serving industries such as automotive, industrial applications, and packaging. With a strong focus on the automotive sector, Premium Plast offers over 600 different components across its three state-of-the-art manufacturing facilities, two of which are located in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra. These facilities have a combined production capacity of 1,975 MTPA. As of June 30, 2024, the company employed a total of 39 individuals, ensuring efficient operations and high-quality output across its strategically located plants.
Lead Manager(s)

Khandwala Securities Limited

Strength

Long-standing customer relationships: Premium Plast has established strong ties with key commercial vehicle manufacturers, providing a solid foundation for customer retention and potential expansion.

Diverse product portfolio: The Company offers a broad range of specialized plastic products catering to various industries, enhancing its market reach.

Robust design optimization: Premium Plast’s advanced design capabilities allow for efficient and tailored solutions, giving it a competitive edge in meeting customer-specific needs.

Weakness

Dependence on key customers: The Company relies heavily on a few major customers without long-term contracts, and the loss or reduction in business from these customers could negatively impact revenue.

Concentration in automotive products: A significant portion of revenue comes from the automotive molding division, making the business vulnerable to downturns or customer loss in this segment.

Pricing pressure: Ongoing price pressure from customers could squeeze margins and hinder the company’s ability to raise prices, affecting profitability and financial health.

Avoid

Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html