Premium Plast Limited IPO Overview
Premium Plast Limited IPO Important dates
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 |
| 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 Financial Performance
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹ 38.65 crore | ₹ 29.05 crore | ₹ 25.17 crore | ₹ 25.43 crore |
| Revenue | ₹ 39.40 crore | ₹ 44.05 crore | ₹ 31.05 crore | ₹ 27.98 crore |
| Profit After Tax | ₹ 4.17 crore | ₹ 1.59 crore | ₹ 0.78 crore | ₹ 0.76 crore |
| Net Worth | ₹ 15.92 crore | ₹ 11.75 crore | ₹ 10.16 crore | ₹ 9.38 crore |
| Reserves and Surplus | ₹ 11.16 crore | ₹ 6.99 crore | ₹ 5.40 crore | ₹ 4.62 crore |
| Total Borrowing | ₹ 8.21 crore | ₹ 5.05 crore | ₹ 5.12 crore | ₹ 5.53 crore |
Premium Plast Limited IPO Key Performance Indicator
Yet to be announced
Premium Plast Limited 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 our Company towards Set up of Rooftop on 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 Limited 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 |
| HNI (Min) | 2 | 6,000 | ₹294,000 |
Premium Plast Limited IPO Details
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [October 28, 2024] |
| 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 |
| Share holding pre issue | 13,751,100 |
| Share holding post issue | 19,097,100 |
| Market Maker portion | 270,000 shares |
Premium Plast Limited IPO Company Overview and Services
Premium Plast Limited IPO SWOT Analysis
Strengths:
- Established Market Presence: Premium Plast Limited has a strong brand presence in the plastic manufacturing industry with a proven track record.
- Diverse Product Range: The company offers a wide variety of plastic products, catering to different industries, reducing dependence on a single segment.
- Strong Client Base: A well-established client network provides consistent demand and revenue stability.
- Skilled Workforce: The company benefits from a skilled and experienced workforce, enabling operational efficiency.
Weaknesses:
- High Dependence on Raw Materials: The company’s profitability is vulnerable to fluctuations in the price of raw materials like petrochemicals.
- Limited Geographical Reach: Premium Plast primarily operates within specific regions, limiting its exposure to larger markets.
- Debt Levels: High debt levels could potentially affect future growth and expansion plans.
Opportunities:
- Growing Demand for Sustainable Plastics: There is a rising demand for eco-friendly and sustainable plastic products, providing growth potential.
- Expanding into New Markets: Expanding operations into new geographical regions can help boost revenue streams and brand visibility.
- Technological Advancements: Leveraging new technology and automation can increase efficiency and reduce production costs.
Threats:
- Regulatory Changes: Strict environmental regulations related to plastic use and production may pose challenges.
- Competition: Increasing competition from domestic and international players could affect market share.
- Economic Fluctuations: Economic downturns or slowdowns in key sectors could impact demand for Premium Plast’s products.
Premium Plast Limited IPO GMP Details
Premium Plast SME IPO last GMP is ₹14, last updated Oct 23rd 2024. With the price band of 49.00, Premium Plast SME IPO’s estimated listing price is ₹63 (cap price + today’s GMP).The expected percentage gain/loss per share is 28.57%.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 23-10-2024 Close | 49.00 | ₹14  |
31900 | ₹63 (28.57%) | 23-Oct-2024 |
| 22-10-2024 | 49.00 | ₹14 |
31900 | ₹63 (28.57%) | 22-Oct-2024 |
| 21-10-2024 Open | 49.00 | ₹14  |
31900 | ₹63 (28.57%) | 21-Oct-2024 |
| 20-10-2024 | 49.00 | ₹15  |
34200 | ₹64 (30.61%) | 20-Oct-2024 |
| 19-10-2024 | 49.00 | ₹10 |
22800 | ₹59 (20.41%) | 19-Oct-2024 |
| 18-10-2024 | 49.00 | ₹8 |
18200 | ₹57 (16.33%) | 18-Oct-2024 |
| 17-10-2024 | 49.00 | ₹5 |
11400 | ₹54 (10.2%) | 17-Oct-2024 |
What is IPO GMP?
The grey market premium (GMP) indicates the unofficial trading price of an IPO before its listing and provides insights into potential market performance. A positive GMP suggests that the IPO of Premium Plast may yield profits, while a negative GMP signals a possible discount at listing. However, it’s crucial to understand that IPO GMP can be highly volatile. Therefore, investors should not base their decisions solely on Premium Plast IPO GMP but should carefully evaluate all relevant factors before investing. Important Points to Consider About the Grey Market.
Premium Plast Limited IPO subscription status
Premium Plast IPO subscribed 15.14 times. The public issue subscribed 29.29 times in the retail category, 1.00 times in QIB, and 4.14 times in the NII category by October 23, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Market Maker | 1 | 2,70,000 | 2,70,000 | 1.32 |
| Qualified Institutions | 1.00 | 5,10,000 | 5,10,000 | 2.50 |
| Non-Institutional Buyers*** | 4.14 | 22,83,000 | 94,62,000 | 46.36 |
| Retail Investors | 29.29 | 22,83,000 | 6,68,76,000 | 327.69 |
| Total ** | 15.14 | 50,76,000 | 7,68,48,000 | 376.56 |
Total Application : 22,292
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included to NII/HNI.
Premium Plast IPO Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Oct 21, 2024 |
1.00 | 0.89 | 7.27 | 3.77 |
| Day 2 Oct 22, 2024 |
1.00 | 2.14 | 17.57 | 8.97 |
| Day 3 Oct 23, 2024 |
1.00 | 4.14 | 29.29 | 15.14 |
Premium Plast Limited IPO Allotment status
The allotment status of Premium Plast IPO is expected to be available on October 24, 2024.
Premium Plast IPO allotment status is not available at this time. Premium Plast IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Premium Plast Limited IPO allotment status.
To check Premium Plast IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.
Premium Plast Limited Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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