IPO - Check IPO Date, Price, Lot Size

Premium Plast Ltd IPO

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'.

Premium Plast Ltd IPO Details

Total Shares Offered

₹ 53,46,000

Offer to Public

TBA

Retail Max (Shares)

₹ 22,83,000

Pre Issue Promoters Holding

₹ 1,31,25,100

Exchange

NSE

Issue size

₹ 26.2 Cr

IPO Open Date

Oct 21, 2024

Close Date

Oct 23, 2024

Lot Size

3000

Min Investment

₹ 1,38,000

Issue Type

Book Building - SME

Listing Date

Oct 28, 2024

Premium Plast Ltd IPO Dates

Oct 21, 2024

Opening date

Oct 23, 2024

Closing date

Oct 24, 2024

Basis of Allotment

Oct 25, 2024

Initiation of Refunds

Oct 25, 2024

Credit of Shares

Oct 28, 2024

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

6.74x

19.68x

65.37x

36.96x

510000

2283000

5346000

3435000

44925000

149238000

197598000

Premium Plast Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	10.86	8.64	4.07
EBITDA	13.10	10.83	5.93
PAT	6.45	4.78	1.59
Total Assets	40.87	25.38	17.39
Share Capital	19.10	4.76	4.76
Total Borrowings	13.42	5.90	5.14
Operating Activities (Net Cash)	8.69	6.97	3.45
Investing Activities (Net Cash)	10.24	0.00	0.00
Financing Activities (Net Cash)	13.42	5.90	5.14
Net Cashflow	0.30	0.20	0.10

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.

Peer Comparison:

Varroc Engineering Ltd
Uno Minda Ltd

Premium Plast Ltd 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.

How To Apply for Premium Plast Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Premium Plast Ltd IPO?

Premium Plast Ltd's IPO offers shares for up to 26.2 It begins on Oct 21, 2024 and ends on Oct 23, 2024.

What is the price of the Premium Plast Ltd IPO?

The price of Premium Plast Ltd IPO ranges between ₹46 to ₹49 per share.

What are the open and close dates for the Premium Plast Ltd IPO?

The Premium Plast Ltd IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.

When will the Premium Plast Ltd IPO be allotted?

The allotment for the Premium Plast Ltd IPO will be finalised on Oct 24, 2024. The shares will be listed on BSE and NSE on Oct 28, 2024.

What is the minimum lot size required for Premium Plast Ltd IPO?

The minimum lot size for Premium Plast Ltd IPO is 3000 shares, priced between ₹46 to ₹49 per share.

What is the GMP of Premium Plast Ltd IPO?

The GMP (Grey Market Premium) of Premium Plast Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Premium Plast Ltd IPO?

To check the allotment status of Premium Plast Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Premium Plast Ltd IPO getting listed?

The Premium Plast Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 21, 2024, and closes on Oct 23, 2024. The allotment is finalised on Oct 24, 2024.

How do you apply for the Premium Plast Ltd IPO?

To apply for the Premium Plast Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.