Premium Plast Limited is based in Maharashtra, India and is engaged in the design, manufacture, and supply of exterior, interior, and hood components for commercial vehicles OEMs. Its revenue from operations for the fiscal year ending on January 31, 2024 was ₹3904 lakhs, a decrease from the previous fiscal year’s revenue which was slightly over ₹4404 lakhs. In 2022 and 2021, the revenue from operations was ₹3099 lakhs and ₹2795 lakhs, respectively. It is also preparing to launch a SME(Small and Medium Enterprise) IPO with a price band set at ₹46 to ₹49 per share.
Premium Plast IPO price band is ₹46 to ₹49 per share. The retail quota is 44.98%, QIB is 10.04%, and HNI is 44.98%. Premium Plast IPO to list on NSE on October 28, 2024. The allotment of Premium Plast IPO date is October 24, 2024. The company reported revenue of ₹39.40 crores in 2024 against ₹44.05 crore in 2023. The company reported profit of ₹4.17 crores in 2024 against profit of ₹1.59 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Premium Plast IPO Details
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹46 to ₹49 Per Share |
| Issue Size: | Approx ₹26.20 Crores |
| Fresh Issue: | Approx ₹26.20 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 44.98% |
| QIB Quota: | Not more than 10.04% |
| NII Quota: | Not more than 44.98% |
Premium Plast IPO Timeline
The Premium Plast IPO date is October 21, 2024 and the close date is October 23, 2024. The Premium Plast IPO allotment will be finalized on October 24, 2024 and the IPO listing on October 28, 2024.
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Basis of Allotment: | October 24, 2024 |
| Refunds: | October 25, 2024 |
| Credit to Demat Account: | October 25, 2024 |
| IPO Listing Date: | October 28, 2024 |
Premium Plast IPO Market Lot
The Premium Plast IPO minimum market lot is 3000 shares with ₹147,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3,000 | ₹147,000 |
| Retail Maximum | 1 | 3,000 | ₹147,000 |
| S-HNI Minimum | 2 | 6,000 | ₹294,000 |
Detailed Financial Snapshot of Premium Plast Limited
Premium Plast Limited’s revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 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 |
