Premium Plast IPO Date, Review, Price, Allotment Details

Premium Plast IPO is opening for subscription on October 21, 2024, and closing on October 23, 2024. This NSE SME IPO aims to raise ₹26.20 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Premium Plast IPO is fixed at ₹46- ₹49 Per Share, with a market lot of 3000 shares.The allocation for this IPO is as follows: 44.98% for retail investors, 10.04% for QIBs, and 44.98% for high-net-worth individuals (HNI). Premium Plast IPO Allotment will done on October 24, 2024, and Premium Plast IPO listing date is October 28, 2024.

 

Premium Plast Company Profile

Premium Plast Limited, based in Maharashtra, India, is a well-established player in the automotive components manufacturing sector. The company specializes in designing, manufacturing, and supplying a wide range of components primarily for commercial vehicle Original Equipment Manufacturers (OEMs). Over the years, it has developed a robust portfolio that includes automotive parts, plastic components, and packaging components, catering to various customer needs. With a focus on quality, innovation, and customer satisfaction, Premium Plast has built long-term relationships with both domestic and international clients.

Business Operations:

The company’s operations are structured around the production of exterior, interior, and hood components for commercial vehicles. Premium Plast’s capabilities include advanced manufacturing technologies and processes, ensuring high-quality products that meet stringent industry standards. The company places a strong emphasis on product innovation and customization, aiming to serve the unique requirements of its customers. It continuously invests in technology upgrades and infrastructure expansion to maintain its competitive edge in the market.

Key Products and Services:

• Exterior Components: These are designed for the outer body of commercial vehicles, ensuring durability and aesthetics.
• Interior Components: These parts cater to the interior design, focusing on functionality and comfort.
• Hood Components: Manufactured with precision, these components play a crucial role in vehicle performance.
• Plastic and Packaging Solutions: The company also offers plastic components and packaging solutions for various industries.

 

Premium Plast IPO GMP

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Premium Plast IPO Objectives

The funds raised through the IPO will be utilized for:

1. Expansion of Manufacturing Facility: The company plans to expand its existing manufacturing unit in Pithampur, Madhya Pradesh, and invest in the purchase of advanced machinery to enhance production capacity and efficiency.
2. Rooftop Solar Power Plant: Part of the capital will be allocated towards setting up an on-grid solar power plant on the rooftop of its manufacturing facility. This initiative aims to reduce energy costs and improve sustainability.
3. Debt Repayment: A portion of the funds will be used to repay or prepay existing loans, improving the company’s debt-to-equity ratio and overall financial health.
4. General Corporate Purposes: The company also intends to use part of the funds for other corporate expenses and IPO-related costs.

 

Premium Plast IPO Key Details

• Premium Plast IPO Open Date: October 21, 2024
• Premium Plast IPO Close Date: October 23, 2024
• Premium Plast IPO Size: Approximately ₹26.20 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Premium Plast IPO Price Band: ₹46- ₹49 Per Equity Share
• Premium Plast IPO Listing on: NSE SME IPO
• Retail Quota: 44.98% of the net offer
• QIB Quota: 10.04% of the net offer
• HNI Quota: 44.98% of the net offer

 

Premium Plast IPO Market Lot

• Retail Minimum: Lot Size: 1, Shares: 3,000, Amount: ₹147,000
• Retail Maximum: Lot Size: 1, Shares: 3,000, Amount: ₹147,000
• S-HNI Minimum: Lot Size: 2, Shares: 6,000, Amount: ₹294,000

 

Premium Plast IPO Timeline

• Premium Plast IPO Open Date: October 21, 2024
• Premium Plast IPO Close Date: October 23, 2024
• Basis of Allotment: October 24, 2024
• Refunds: October 25, 2024
• Credit to Demat Account: October 25, 2024
• Premium Plast IPO Listing Date: October 28, 2024

 

How to Apply for Premium Plast IPO

Investors can apply for the Premium Plast IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Premium Plast Financial Performance (in Crores)

 

Premium Plast Valuation FY2024

• Return on Equity (ROE): 13.56%
• Return on Capital Employed (ROCE): 24.19%
• EBITDA Margin: 9.23%
• Profit After Tax (PAT) Margin: 3.62%
• Debt to Equity Ratio: 0.35
• Earnings Per Share (EPS): ₹3.35
• Net Asset Value (NAV): ₹24.7

 

Premium Plast Peer Group

 

Premium Plast Company Promoters

• Chetan Nagendra Dave
• Dr. Lopa Chetan Dave

 

Premium Plast IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Premium Plast IPO Allotment Status Check

• Check the Premium Plast IPO allotment status on the Bigshare Serviceswebsite.

 

Premium Plast IPO Allotment Link

• Check the Premium Plast IPO allotment on the Check Ipo Allotment website.

 

Premium Plast IPO Lead Managers (Merchant Bankers)

• Khandwala Securities Limited

Premium Plast Company Address

Gala No 3, Shiv Shankar Industrial Estate No 1,
Virar City (M Corp), Valiv,
Thane, Vasai – 401 208, Maharashtra, India
Phone: +91 025 0660 116
Email: info@premiumplast.in
Website: https://premiumplast.in

Premium Plast IPO FAQs

What is Premium Plast IPO?

Premium Plast IPO is an NSE SME IPO. They are going to raise ₹26.20 Crores via IPO. The issue is priced at ₹46- ₹49 Per equity share. The IPO is to be listed on NSE.

 

When will the Premium Plast IPO open?

The IPO is to open on October 21, 2024, for NII, and Retail Investors.

 

What is Premium Plast IPO Investors Portion?

The investors’ portion for QIB is 10.04%, HNI is 44.98%, and Retail is 44.98%.

 

How to Apply for the Premium Plast IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Premium Plast IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Premium Plast IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Premium Plast IPO Size?

Premium Plast IPO size is ₹26.20 Crores.

 

What is Premium Plast IPO Price Band?

Premium Plast IPO Price Band is ₹46- ₹49 Per equity share.

 

What is Premium Plast IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹147,000.

 

What is Premium Plast IPO Allotment Date?

Premium Plast IPO allotment date is October 24, 2024.

 

What is Premium Plast IPO Listing Date?

Premium Plast IPO listing date is October 28, 2024. The IPO to list on NSE SME IPO.