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Premium Plast Ltd

Auto Ancillaries

Offer Period :

21st to 23rd Oct 2024

Premium Plast Ltd IPO Details

IPO Date 21st to 23rd Oct 2024 Minimum Investment ₹147000 / 1 Lots
Listing Date 2024-10-28 Maximum Investment ₹147000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹26.2 Crores
Price ₹49 to ₹49 per share Fresh Issue ₹26.2 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 21st to 23rd Oct 2024
Listing Date 2024-10-28
Face Value ₹10 per share
Price ₹49 to ₹49 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹147000 / 1 Lots
Maximum Investment ₹147000 / 1 Lots
Total Issue Size ₹26.2 Crores
Fresh Issue ₹26.2 Crores
Offer For Sale
Retail Discount ₹ 0

About Premium Plast Ltd :

Founded in 1995, Premium Plast Limited designs manufactures, and supplies a wide range of plastic components, specializing in automotive parts for commercial vehicles. The company produces over 600 injection and blow-moulded plastic parts, catering to various industries such as automotive, industrial, and packaging. Premium Plast operates three strategically located manufacturing facilities in India—two in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra. With a combined production capacity of 1,975 MTPA, the company efficiently serves its diverse customer base. Competitive strengths include strong relationships with established clients, opportunities for customer expansion, and a wide product range. Premium Plast is known for its robust design optimization capabilities, sustainable business practices, and adherence to quality standards. Its strategic locations enhance operational efficiency, while experienced management drives the company’s growth. As of June 30, 2024, the company employs 39 professionals, continuing its legacy of delivering high-quality plastic solutions across multiple sectors.

Timeline

Important dates for allocation and IPO listing.

21st Oct

IPO Starts

23rd Oct

IPO Ends

24th Oct

Allotment Date

25th Oct

Initiation of Refund

25th Oct

Credit of Shares to Demat Account

28th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95.45 68.73
Public Group 4.55 31.27

Premium Plast Ltd IPO Reservation

QIB Shares Offered 510000(9.54%)
NII (HNI) Shares Offered 2283000(42.7%)
Retail Shares Offered 2283000(42.7%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5346000
Total Shares With Anchor Investor 5346000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Premium Plast Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 226 263 8200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Premium Plast Ltd IPO Lead Manager

1. Khandwala Securities Ltd

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Premium Plast Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,10,000 5,10,000 0.0
Non Institutional Investors 25,53,000 67,35,000 0.0
Retail Individual Investors (RIIs) 22,83,000 4,89,75,000 0.0
Total 53,46,000 5,62,20,000 16,325.0

Strength of Premium Plast Ltd

1. Long-standing relationships with established customers, with potential to expand its 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 Involved

1. 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.

2. 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.

3. 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.

4. The company is 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 its business, results of operations and financial condition.

5. Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers' demands may materially adversely affect the company's 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 it or take certain punitive actions against the Company in relation to the same which may have adverse impact on its business, financial condition and results of operations.

7. The company failures to compete effectively in the highly competitive automotive components industry and to keep pace with advances with its 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 its business, results of operations, financial condition and future prospects.

8. The company depends 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 its business, results of operations and financial condition.

9. As on date the company has not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed expansion at its manufacturing units. In the event the company is unable to obtain such approvals and permits, its 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 it 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.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 29.05 25.17 25.43
Total Liabilities 29.05 25.17 25.43
Total Expenses 41.84 30.08 27.01
Total Revenue 
44.05 31.05 27.98
Profit After Tax 1.59 0.78 0.76
EBITDA 5.45 4.6 4.75
Adjusted EBITDA 0 0 0

Premium Plast Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-28 93480 PREMIUM
INE0M1F01011
₹49 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹49 ₹49
Open ₹0 ₹51.45
Low ₹0 ₹48.9
High ₹0 ₹51.75
Low ₹0 ₹48.9

Industry Outlook of Premium Plast IPO
 

- The global auto parts and accessories market is witnessing significant growth, with a valuation of USD 697.84 billion in 2023 and projected to reach USD 1,087.32 billion by 2031.
 

- The market is expected to grow at a CAGR of 5.7% from 2024 to 2031, reflecting strong demand in the automotive sector.
 

- Growth is driven by the rising demand for electric vehicles (EVs), advancements in vehicle technology, and the increasing consumer preference for custom auto parts and accessories.
 

- Key market segments include auto parts manufacturing, vehicle upgrades, and accessories customization, with geographical coverage spanning North America, Europe, Asia-Pacific, and the Middle East.
 

- The market outlook is also influenced by factors such as global supply chain developments, changing trade policies, and fluctuating raw material prices, all of which affect production and distribution.
 

- Expert analysis, including import/export, pricing, and consumption trends, offers a comprehensive view of the market dynamics, helping companies like Premium Plast position themselves effectively within this growing industry.
 

This robust growth in the auto parts sector presents a favorable environment for Premium Plast’s IPO, aligning with the market's upward trajectory.

Frequently Asked Questions

What is Premium Plast Ltd IPO?

Answer Field

Premium Plast Ltd IPO is a SME IPO of 53,46,000 equity shares of a face value of ₹10 aggregating up to ₹26.2 Crores. The issue is priced at ₹49 to ₹49 per share. The minimum order quantity is 3000 Shares. The IPO opens on October 21, 2024, and closes on October 23, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Premium Plast Ltd IPO will open?

Answer Field

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

What is the lot size of Premium Plast Ltd?

Answer Field

Premium Plast Ltd lot size is 3000 shares, and the minimum amount required is ₹1,47,000.

How to apply for Premium Plast Ltd IPO?

Answer Field

You can apply in Premium Plast Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Premium Plast Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Premium Plast Ltd IPO will be done on October 24, 2024, and the allotted shares will be credited to your demat account by October 25, 2024.

When is Premium Plast Ltd IPO listing date?

Answer Field

The Premium Plast Ltd listing date is October 28, 2024.

Who is the registrar of Premium Plast Ltd IPO?

Answer Field

The registrar of Premium Plast Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Khandwala Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Premium Plast Ltd IPO?

Answer Field

The fresh issue size is ₹26.2 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Premium Plast Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,47,000 amount.

How can I approve the UPI mandate request for Premium Plast Ltd IPO?

Answer Field

To apply for Premium Plast Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Premium Plast Ltd?

Answer Field

The price of each Premium Plast Ltd share will be ranging in between ₹49 to ₹49 per share.

What is the cut-off time for the UPI mandate for Premium Plast Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 23, 2024.

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