Swashthik Plascon Limited
- IPO Date24 Nov, 2023 to 29 Nov, 2023
- Listing Date07 Dec, 2023
- Face Value₹10 per share
- Issue Price₹80 to ₹86 per share
- Lot Size1600 Shares
- Minimum Investment₹1,37,600
- Listing AtBSE SME
- Total Issue Size47,39,200 Shares
(aggregating up to ₹40.76 Cr) - Fresh Issue47,39,200 Shares
(aggregating up to ₹40.76 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,28,24,795
- Shareholding post issue1,75,63,995
IPO Dates
Closing Date
29 Nov, 2023
Initiation of Refunds
06 Dec, 2023
Listing Date
07 Dec, 2023
24 Nov, 2023
Opening Date
04 Dec, 2023
Basis of Allotment
06 Dec, 2023
Credit of Shares
Swashthik Plascon Limited Lot Size
Investors can bid for a minimum of 1600 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 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3200 | ₹2,75,200 |
Swashthik Plascon Limited Promoter Holding
The promoters of the Company are Mr Parasmal Mahendra Kumar, Mr Parasmal Ravindra Kumar, Mr Parasmal Dharmendra Kumar, Mr Misrilal Parasmal, Mrs P Umrao, Mrs Mahendrakumar Nirmala, Mrs R Asha Jain and Mrs. D Anita.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 60% | 43.81% |
Swashthik Plascon Limited COMPANY INFORMATION
Swashthik Plascon IPO is a book built issue of Rs 40.76 crores. The issue is entirely a fresh issue of 47.39 lakh shares. Swashthik Plascon IPO opens for subscription on November 24, 2023 and closes on November 29, 2023. The allotment for the Swashthik Plascon IPO is expected to be finalized on Monday, December 4, 2023. Swashthik Plascon IPO will list on BSE SME with tentative listing date fixed as Thursday, December 7, 2023. Swashthik Plascon IPO price band is set at ₹80 to ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200. Shreni Shares Private Limited is the book running lead manager of the Swashthik Plascon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Swashthik Plascon IPO is Nikunj Stock Brokers. Refer to Swashthik Plascon IPO RHP for detailed information.
Incorporated in June 2006, Swasthik Plascon is a company that specializes in the production of PET bottles and PET preforms. They manufacture PET bottles for various applications such as pharmaceuticals, liquor, FMCG packaging, household, dishwashing liquids, repellent dispensers, etc. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.
The company has a quality control lab equipped with testing equipment to assess the capacity and quality of the products. The company conducts rigorous quality checks on their finished products to ensure that they meet the required standards. The company's in-house testing team supervises and monitors the quality, safety, and packaging of the bottles and preforms.
As of March 31, 2023, the Company's Total Income and Restated Profit after tax was Rs. 4,589.10 Lakhs and Rs. 302.19 Lakhs.
The core strength of the company lies in the following
- Experienced management and workforce, with a focus on quality, safety, cost leadership, and time-bound execution while maintaining existing client relationships.
- The cordial relationship between management and labour
FAQs About Swashthik Plascon Limited
Swashthik Plascon Limited will open on 24 Nov, 2023 and close on 29 Nov, 2023. Investors must apply within this period to participate.
The Swashthik Plascon Limited price band is set between ₹80.00 and ₹86.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹137600.00.
The Swashthik Plascon Limited shares are expected to be listed on 07 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Swashthik Plascon Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Swashthik Plascon Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.