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Premium Plast Limited IPO

Premium Plast Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 51.45 (+5.00%)

Premium Plast Limited's successfully completed its Initial Public Offering and commenced trading on 28-10-2024 at the NSE exchange. The company raised 53,46,000 Shares through this public offering, comprising 53,46,000 Shares in fresh capital.

The IPO was priced within the band of ₹46 to ₹49, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from 21-10-2024 to 23-10-2024.

Share allotment was finalized on 24-10-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Premium Plast IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Premium Plast IPO Key Performance Indicator
Company Financials ( In Lakhs )

Premium Plast IPO About Company

Premium Plast Limited, established in 1995, is a trusted manufacturer of plastic components for commercial vehicles. The company designs and produces a wide range of injection and blow-moulded plastic parts used in automotive, industrial, and packaging applications. With a strong focus on the automotive sector, it offers over 600 different components from its three modern manufacturing plants—two in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra. Together, these facilities have a production capacity of 1,975 MTPA. As of June 30, 2024, Premium Plast had a dedicated team of 39 employees, ensuring smooth operations and high-quality products.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Premium Plast IPO Strength Factors

  1. Strong Customer Base: Long-standing relationships with major commercial vehicle manufacturers support stability and future growth.
  2. Wide Product Range: Diverse specialized plastic products help the company serve multiple industries effectively.
  3. Design Excellence: Advanced design and optimization capabilities enable customized, efficient solutions for clients.

Premium Plast IPO Risk Factors

  1. Customer Dependence: Heavy reliance on a few major clients without long-term contracts increases revenue risk.
  2. Automotive Concentration: Significant dependence on the automotive molding segment makes the business vulnerable to market downturns.
  3. Margin Pressure: Continuous pricing pressure from customers may limit price increases and impact profitability.

Premium Plast IPO Lead Manager(s)

  • Khandwala Securities Limited

Premium Plast IPO Promoter(s)

  1. Chetan Nagendra Dave
  2. Dr. Lopa Chetan Dave

Premium Plast IPO Company Details

Premium Plast Limited
Phone:
address:

Premium Plast IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Premium Plast IPO FAQs