Premium Plast Ltd IPO
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Premium Plast Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 53.46 L | TBA | ₹ 22.83 L | ₹ 131.25 L | NSE | ₹ 26.2 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 21 Oct, 24 | 23 Oct, 24 | 3000 | ₹ 1,38,000 | Book Building - SME | 28 Oct, 24 |
Premium Plast Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Auto Ancillaries |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 6.74x | 510000 | 3435000 |
| NII | 19.68x | 2283000 | 44925000 |
| Retail | 65.37x | 2283000 | 149238000 |
| Employee | 0x | 0 | 0 |
| Total | 36.96x | 5346000 | 197598000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Premium Plast Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.64 | 4.07 | 3.19 |
| EBITDA | 10.83 | 5.93 | 5.41 |
| PAT | 4.78 | 1.59 | 0.78 |
| Total Assets | 25.38 | 17.39 | 13.92 |
| Share Capital | 4.76 | 4.76 | 4.76 |
| Total Borrowings | 7.39 | 5.14 | 5.91 |
| Operating Activities (Net Cash) | 6.97 | 3.45 | 3.00 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 7.39 | 5.14 | 5.91 |
| Net Cashflow | 0.20 | 0.10 | 0.23 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Premium Plast Ltd
Premium Plast Limited (the Company or the Issuer) was incorporated under the name and style of `Premium Plast Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 14, 1995 issued by the Additional Registrar of Companies, Maharashtra. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders in an Extraordinary General Meeting held on June 24, 2019 and consequently the name of the Company was changed to `Premium Plast Limited' and a fresh certificate of incorporation dated December 10, 2019 was issued by the Registrar of Companies, Maharashtra at Mumbai.
Global auto parts and accessories market size was valued at USD 697.84 billion in 2023 and is projected to reach USD 1,087.32 billion by 2031, with a CAGR of 5.7% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The Company is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers (OEMs) automotive component group. It designs, manufactures and supplies, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. The company is an IATF-16949, ISO 9001:2015, and ISO 14001:2004 specialised plastic injection and blow mould components manufacturer. It manufactures a wide variety of injection and blow moulded plastic articles for a broad group of industries and applications. It manufactures automobile components for commercial vehicles of the `Volvo Group'.
Peer Comparison:
- Varroc Engineering Ltd
- Uno Minda Ltd
Premium Plast Ltd IPO Key Points
Strengths
- Long-standing relationships with established customers, with potential to expand its customer base.
- Diverse range of specialised plastic products across varied customer segments.
- Robust design optimisation capabilities.
- Sustainable business development.
- Existing client and supplier relationships.
Risk
- Its business is dependent on certain major customers, with whom the company does 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 the company is a significant supplier could adversely affect its business, results of operations and financial condition.
- The company significantly relies 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 its business and results of operations.
- Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company prices, which in turn may materially adversely affect its business, results of operations and financial condition.
Strategy
- Increasing manufacturing capacity of setting up of an additional manufacturing unit to focus on the growing demand of its products.
- Expand its existing product portfolio.
- Inculcate sustainability in its operations.
- Long-standing relationships with established customers, with potential to expand its customer base.
- Diverse range of specialised plastic products across varied customer segments.
- Robust design optimisation capabilities.
- Sustainable business development.
- Existing client and supplier relationships.
How To Apply for Premium Plast Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.