SME · NSESubscribed: 38.92×GMP ₹9
Premium Plast Limited

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

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

Total Issue53,46,000 shares₹26.20 Cr
Fresh Issue53,46,000 shares₹26.20 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,37,51,100
Post-Issue1,90,97,100

Dilution: 38.9% increase in shares

Premium Plast Limited IPO Financials Health

Premium Plast Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum130001,47,000
Retail Maximum130001,47,000
HNI Minimum260002,94,000

(All values in CR)

Premium Plast Limited IPO Valuation

MetricValue
EPS Post IPO2.96
EPS Pre IPO3.47
P/BV1.98
P/E Post IPO16.57
P/E Pre IPO14.11
PAT Margin (%)11.64
ROCE7.88%
ROE6.37%
RoNW6.37%

(All values in CR)

Strength & Risk of Premium Plast Limited IPO

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
HNI19.6722,83,0004,49,16,000220.09
Market Maker1.002,70,0002,70,0001.32
QIB6.745,10,00034,35,00016.83
Retail65.3722,83,00014,92,29,000731.22
Total38.9250,76,00019,75,80,000968.14

Premium Plast Limited IPO GMP

+5+10.2%

Last updated 17 Oct, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
17 Oct, 202449₹511400₹54 (10.20%)-17 Oct, 2024
18 Oct, 202449₹511400₹54 (10.20%)-18 Oct, 2024
21 Oct, 202449₹1431900₹63 (28.57%)-21 Oct, 2024
22 Oct, 202449₹1431900₹63 (28.57%)-22 Oct, 2024
23 Oct, 202449₹1431900₹63 (28.57%)-23 Oct, 2024
24 Oct, 202449₹1125100₹60 (22.45%)-24 Oct, 2024
25 Oct, 202449₹920500₹58 (18.37%)-25 Oct, 2024
26 Oct, 202449₹920500₹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.

How to Apply for Premium Plast Limited IPO

1

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2

Go to IPO Section

Find Premium Plast Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.