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16 October 2024

Premium Plast Limited IPO, GMP, Details, Price, And Review

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 molded 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 automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India.

The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA.

Premium Plast IPO Overview

● Issue Size ₹26.20 crores
○ Type: Entirely a fresh issue of 53.46 lakh shares
● Subscription Dates:
○ Open: October 21, 2024
○ Close: October 23, 2024
● Price Band: ₹46 to ₹49 per share
● Minimum Lot Size: 3000 shares
● Book Running Lead Manager: Khandwala Securities Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Asnani Stock Broker

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Premium Plast Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
28-10-2024	49	9 (18.37%)	28-Oct-2024 13:05
27-10-2024	49	9 (18.37%)	27-Oct-2024 12:35
25-10-2024	49	9 (18.37%)	25-Oct-2024 13:07
24-10-2024	49	11 (22.45%)	24-Oct-2024 12:48
23-10-2024	49	14 (28.57%)	23-Oct-2024 12:45
22-10-2024	49	14 (28.57%)	22-Oct-2024 12:20
21-10-2024	49	15 (30.61%)	21-Oct-2024 13:07
17-10-2024	49	5 (10.20%)	17-Oct-2024 13:46

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Premium Plast Limited IPO Overview

Detail	Description
IPO Date	October 21, 2024 to October 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹46 to ₹49 per share
Lot Size	3000 Shares
Total Issue Size	5,346,000 shares (aggregating up to ₹26.20 Cr)
Fresh Issue	5,346,000 shares (aggregating up to ₹26.20 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	13,751,100
Shareholding post issue	19,097,100
Market Maker portion	270,000 shares

Premium Plast IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, October 21, 2024
IPO Close Date	Wednesday, October 23, 2024
Basis of Allotment	Thursday, October 24, 2024
Initiation of Refunds	Friday, October 25, 2024
Credit of Shares to Demat	Friday, October 25, 2024
Listing Date	Monday, October 28, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 23, 2024

Premium Plast IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹147,000
Retail (Max)	1	3000	₹147,000
HNI (Min)	2	6,000	₹294,000

Premium Plast Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 10.04% of the Net offer
Retail Shares Offered	Not less than 44.98% of the Net Offer
NII (HNI) Shares Offered	Not less than 44.98% of the Net Offer

Premium Plast IPO Promoter Holding

Share Holding Pre Issue	95.45%
Share Holding Post Issue	68.73%

Competitive Strength:

● Long-standing relationships with established customers, with the potential to expand the customer base.
● The company offers a wide range of specialized plastic products for various customer segments.
● Robust design optimization capabilities.
● Sustainable business development.
● Existing customer and supplier relationships.
● Strategic location of production units.
● Certifications according to quality standards and quality inspections.
● Experienced promoters and an experienced management team.

Premium Plast India Limited Financial Information

Period Ended	30 June 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Revenue	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	6.37%
ROCE	7.88%
RoNW	6.37%
P/BV	1.98
PAT Margin (%)	11.64

	Pre IPO	Post IPO
EPS (Rs)	3.47	2.96
P/E (x)	14.11	16.57

Objectives of Premium Plast IPO

The Company proposes to utilize the Net Proceeds from the offer towards funding the following objectives:

1. Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries.

2. Funding of capital expenditure requirement of the Company towards Set up of a Rooftop Grid Solar Power Plant at the existing Manufacturing facility.

3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.

4. General Corporate Purpose.

5. Offer Related Expenses.

FAQs for Premium Plast IPO

What is Premium Plast IPO?

Premium Plast IPO is a SME IPO. The company is going to raise ₹26.20 Crores via IPO. The issue is priced at ₹46 to ₹49 per equity share. The IPO is to be listed on NSE.
When will the Premium Plast IPO open for subscription?

The IPO is to open on October 21, 2024, for QIB, NII and Retail Investors. The IPO will close on October 23, 2024.
What is the Premium Plast IPO Investors Portion?

The investors’ portion for QIB is 10.04%, NII is 44.98%, and Retail is 44.98%.
What is Premium Plast IPO Issue Size?

Premium Plast IPO issue size is ₹26.20 crores.
What is the Premium Plast IPO Price Band?

Premium Plast IPO Price Band is ₹46 to ₹49.
What is Premium Plast IPO Lot Size?

The minimum bid is 3000 Shares with ₹147,000 amount.
What is the Premium Plast IPO Allotment Date?

Premium Plast IPO allotment date is October 24, 2024.
What is the Premium Plast IPO Listing Date?

Premium Plast IPO listing date is October 28, 2024. The IPO is to be listed on the NSE.
What is Premium Plast's current GMP?

The current GMP of the Premium Plast is 9 (18.37%).