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The objective of the Issue
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
- Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries.
- Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General Corporate Purpose.
- Offer Related Expenses.
IPO Details, Price, Market Lot
| Premium Plast IPO Details | |
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| IPO Issue Size | 5,346,000 Shares (Aggregating up to ₹26.20 Cr) |
| Fresh Issue | 5,346,000 Shares (Aggregating up to ₹26.20 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 44.98% of the Net Offer |
| NII Portion | Not less than 44.98% of the Net Offer |
| QIB Portion | Not more than 10.04% of the Net offer |
| Listing At | NSE SME |
| Premium Plast IPO Price | |
| Face Value | ₹10 per share |
| IPO Price Band | ₹46 to ₹49 per share |
| Employee Discount | NIL |
| IPO Issue Type | Book Built Issue |
| Premium Plast IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 3000 Shares |
| Minimum Lot Size | 1 Lot (3000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,47,000 |
| Maximum Lot Size | 1 Lot (3000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,47,000 |
| Premium Plast IPO Market Lot For HNI | |
| No. of Shares Per Lot | 3000 Shares |
| Minimum Lot Size | 2 Lots (6000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,94,000 |
IPO Date, Listing Date, Allotment Date
| Time Table (Tentative) | |
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| Basis of Allotment Date | 24 October 2024 |
| Initiation of Refunds | 25 October 2024 |
| Credit of Share to Demat Account | 25 October 2024 |
| IPO Listing Date | 28 October 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 June 2024 | 4,006.31 | 1,212.81 | 141.16 | 2,216.67 | 506.84 |
| 31 March 2024 | 3,809.23 | 4,670.59 | 477.55 | 1,652.51 | 830.98 |
| 31 March 2023 | 2,905.45 | 4,404.83 | 159.32 | 1,174.96 | 505.35 |
| 31 March 2022 | 2,516.95 | 3,104.78 | 77.7 | 1,015.64 | 512.28 |
| Period Ended | 30 June 2024 | 31 March 2024 | 31 March 2023 | 31 March 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 |
| P A T | 141.16 | 477.55 | 159.32 | 77.70 |
| Net Worth | 2,216.67 | 1,652.51 | 1,174.96 | 1,015.64 |
| Borrowings | 506.84 | 830.98 | 505.35 | 512.28 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 95.45% |
| Post Issue Promotor Holding | 68.73% |
Company Address
Premium Plast Limited
Registered Office: Gala No 3, Shiv Shankar Indl Est No 1, Virar City (M Corp), Valiv, Thane, Vasai – 401 208
Phone: +91 025 0660 116
Email: info@premiumplast.in
Website: https://premiumplast.in/
IPO Registrar, Lead Manager, Prospectus
| Premium Plast IPO Prospectus |
| Premium Plast IPO Registrar |
| Bigshare Services Pvt Ltd |
| Premium Plast IPO Lead Manager |
| Khandwala Securities Limited |