
Premium Plast Limited
Premium Plast Limited(PREMIUM)
Total Shares
53,46,000
Issue Size
₹26.20 Cr
Price Band
₹46 – ₹49
Lot Size
3000 shares
Min. Investment
₹1,47,000
Max. Investment
₹1,47,000
Open Date
21 Oct, 2024
Close Date
23 Oct, 2024
Allotment
24 Oct, 2024
Listing
28 Oct, 2024
Max. Investment
₹1,47,000
Announced
21 Oct, 2024
Opening Date
21 Oct, 2024
Closing Date
23 Oct, 2024
Basis of Allotment
24 Oct, 2024
Initiation of Refunds
25 Oct, 2024
Credit of Shares
25 Oct, 2024
Listing Date
28 Oct, 2024
Live GMP
Est. Listing: ₹54
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About Premium Plast Limited IPO
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 moulded 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 au
Premium Plast Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 38.9% increase in shares
Premium Plast Limited IPO Financials Health
Premium Plast Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹1,47,000 |
| Retail Maximum | 1 | 3000 | ₹1,47,000 |
| HNI Minimum | 2 | 6000 | ₹2,94,000 |
(All values in CR)
Premium Plast Limited IPO Valuation
| Metric | Value |
|---|---|
| EPS Post IPO | 2.96 |
| EPS Pre IPO | 3.47 |
| P/BV | 1.98 |
| P/E Post IPO | 16.57 |
| P/E Pre IPO | 14.11 |
| PAT Margin (%) | 11.64 |
| ROCE | 7.88% |
| ROE | 6.37% |
| RoNW | 6.37% |
(All values in CR)
Strength & Risk of Premium Plast Limited IPO
1. Long-standing relationships with established customers, with potential to expand our customer base.
2. Diverse range of specialised plastic products across varied customer segments.
3. Robust design optimisation capabilities.
4. Sustainable business development.
5. Existing client and supplier relationships.
6. Strategic location of manufacturing units.
1. Our business is dependent on certain major customers, with whom we do not have firm commitment agreements. The loss of such customers, a significant reduction in purchases by such customers, or a lack of commercial success of a particular vehicle model of which we are a significant supplier could adversely affect our business, results of operations and financial condition.
2. We significantly rely on automotive molding products (injection and blow molding) division for a significant amount of revenue, and any interruption or reduction in the customers in the said division may adversely affect our business and results of operations.
3. Pricing pressure from customers may adversely affect our gross margin, profitability and ability to increase our prices, which in turn may materially adversely affect our business, results of operations and financial condition.
4. We are heavily dependent on the performance of the passenger vehicle market in India. Any adverse changes in the conditions affecting the passenger vehicle market can adversely impact our business, results of operations and financial condition.
5. Our failure to identify and understand evolving industry trends and preferences and to develop new products to meet our customers' demands may materially adversely affect our business.
6. There have been instances of delays in payment of statutory dues, i.e. ESIC and EPF by the Company. In case of any delay in payment of statutory due in future by our Company, the Regulatory Authorities may impose monetary penalties on us or take certain punitive actions against our Company in relation to the same which may have adverse impact on our business, financial condition and results of operations.
7. Our failure to compete effectively in the highly competitive automotive components industry and to keep pace with advances with our research and development (R&D) capabilities, including retaining qualified engineers and staff, could result in the loss of customers, which could have an adverse effect on our business, results of operations, financial condition and future prospects.
8. We depend on third parties for the supply of raw materials and delivery of products and such third parties could fail to meet their obligations, which may have a material adverse effect on our business, results of operations and financial condition.
9. As on date we have not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed expansion at our manufacturing units. In the event we are unable to obtain such approvals and permits, our business, results of operations, cash flows and financial condition could be adversely affected.
10. There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
Premium Plast Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 19.67 | 22,83,000 | 4,49,16,000 | 220.09 |
| Market Maker | 1.00 | 2,70,000 | 2,70,000 | 1.32 |
| QIB | 6.74 | 5,10,000 | 34,35,000 | 16.83 |
| Retail | 65.37 | 22,83,000 | 14,92,29,000 | 731.22 |
| Total | 38.92 | 50,76,000 | 19,75,80,000 | 968.14 |
Premium Plast Limited IPO GMP
Last updated 17 Oct, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 17 Oct, 2024 | 49 | ₹5 | 11400 | ₹54 (10.20%) | - | 17 Oct, 2024 |
| 18 Oct, 2024 | 49 | ₹5▼ | 11400 | ₹54 (10.20%) | - | 18 Oct, 2024 |
| 21 Oct, 2024 | 49 | ₹14 | 31900 | ₹63 (28.57%) | - | 21 Oct, 2024 |
| 22 Oct, 2024 | 49 | ₹14 | 31900 | ₹63 (28.57%) | - | 22 Oct, 2024 |
| 23 Oct, 2024 | 49 | ₹14▲ | 31900 | ₹63 (28.57%) | - | 23 Oct, 2024 |
| 24 Oct, 2024 | 49 | ₹11▲ | 25100 | ₹60 (22.45%) | - | 24 Oct, 2024 |
| 25 Oct, 2024 | 49 | ₹9 | 20500 | ₹58 (18.37%) | - | 25 Oct, 2024 |
| 26 Oct, 2024 | 49 | ₹9 | 20500 | ₹58 (18.37%) | - | 26 Oct, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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