Premium Plast Limited IPO is open for subscription from 21 October 2024 until 23 October 2024. This book-building IPO is looking to raise ₹ 26.20 crore from a complete fresh issue of 53.46 lakh equity shares. Premium Plast sme ipo allotment can be expected to be decided on Thursday 24 October 2024. As an SME, Premium Plast IPO will be listed on the NSE SME exchange and its tentative listing date has been decided as Monday, 28 October 2024.
The price band for the Premium Plast Limited IPO has been determined to be between ₹ 46 to ₹ 49 per share. The ipo lot size has been set as 3000 shares which means retail investments subscribing to Premium Plast IPO have to invest a minimum of ₹ 147000. For HNIs, the minimum investment has been set as ₹ 249000 which means, they have to buy at least 2 lots of Premium Plast sme ipo.
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Premium Plast NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | October 21, 2024 |
| IPO Closing Date | October 23, 2024 |
| Tentative IPO Listing Date | October 28, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹46 to ₹49 per share |
| Lot Size | 3000 shares |
| Total Issue Size | 53.46 lakh shares (₹28.43 Cr) |
| Fresh Issue | 53.46 lakh shares (₹28.43 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 13751100 shares |
| Shareholding Post-issue | 270000 shares |
Premium Plast Limited| Company Overview
Premium Plast Limited started its journey in 1995. The firm mainly engages in designing, manufacturing, and supplying plastic parts for the interior, exterior, and hood of commercial vehicles. This makes commercial vehicle manufacturers the main clientele of Premium Plast Limited.
Currently, the company has three manufacturing facilities which are strategically located to optimize production. The current installed production capacity is 1975 MTPA in these three facilities. Two of these facilities are in Pithampur, Madhya Pradesh and another one is in Vasai, Maharashtra.
Apart from manufacturing plastics for the automobile industry, it also produces and supplies to other industries as well and also deals in packaging components.
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Premium Plast Limited IPO| Key Details
- Premium Plast IPO Opening Date: October 21, 2024
- Premium Plast IPO Closing Date: October 23, 2024
- Allotment Date: October 24, 2024
- Price Band: ₹ 46 to ₹49 per share
- Lot Size: 3000 shares
- Refunds Initiated: October 25, 2024
- Shares Credited to Demat: October 25, 2024
- Listing Date: October 28, 2024
Premium Plast Ltd: Financial Overview
Premium Plast Limited has witnessed a whopping 200% growth in its PAT between FY23 and FY24 that too with just 6% rise in its revenue. This indicates management’s efficiency towards minimizing costs and optimizing profits.
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change | Change (%) |
| Assets | 3,809.23 | 2,905.45 | 903.78 | 31.11 |
| Revenue | 4,670.59 | 4,404.83 | 265.76 | 6.03 |
| Profit After Tax | 477.55 | 159.32 | 318.23 | 199.74 |
| Net Worth | 1,652.51 | 1,174.96 | 477.55 | 40.64 |
| Reserves and Surplus | 1,176.45 | 698.91 | 477.54 | 68.33 |
| Total Borrowing | 830.98 | 505.35 | 325.63 | 64.44 |
| Amount in ₹ Lakhs | ||||
FAQs | Premium Plast Ltd IPO
Premium Plast Ltd is a plastic product manufacturer, mainly supplying plastic parts for commercial vehicles. In addition, it also manufactures packaging plastic products and caters to different industries.
The tentative IPO listing date of Premium Plast has been fixed as Monday, October 28, 2024.
The bidding date for the Premium Plast IPO is from October 21, 2024, to October 23, 2024.
The IPO lot size for Premium Plast is 3000 shares.
The IPO allotment is expected to be finalized on Thursday, October 24, 2024.
The IPO face value is set at ₹10 per share.
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