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Premium Plast SME IPO
Issue Size (Net)
up to Rs.26.20 Cr
Price Band
Rs.46 to Rs.49 per share
Issue Opens
October 21, 2024
Issue Closes
October 23, 2024

Company Highlights

1.Company Information

Premium Plast Limited was founded in 1995 and designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers.

Premium Plast manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. The company's product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India.

The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA.

Competitive strengths:

Long-standing relationships with established customers, with the potential to expand the customer base
The company offers a wide range of specialized plastic products for various customer segments
Robust design optimization capabilities
Sustainable business development
Existing customer and supplier relationships
Strategic location of production units
Certifications according to quality standards and quality inspections
Experienced promoters and an experienced management team
As of June 30, 2024, the company had a total of 39 employees.

2. Objects of the Issue

The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
1. Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries;
2. Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility;
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
4. General Corporate Purpose; and
5. Offer Related Expenses.

3.Premium Plast SME IPO Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Premium Plast SME IPO Financial Information(Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-24
4,006.31
1,212.81
141.16
2,216.67
841.56
506.84
31-Mar-24
3,809.23
4,670.59
477.55
1,652.51
1,176.45
830.98
31-Mar-23
2,905.45
4,404.83
159.32
1,174.96
698.91
505.35
Amount in Rs. Lakhs

Premium Plast SME Details

Issue Opening Date
October 21, 2024
Issue Closing Date
October 23, 2024
Face Value
Rs.10 per share
Price
Rs.46 to Rs.49 per share
Lot Size
3000 Shares
Issue Size
5,346,000 shares(aggregating up to Rs.26.20 Cr)
Fresh Issue
5,346,000 shares(aggregating up to Rs.26.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
13,751,100
Share holding post issue
19,097,100

Premium Plast SME IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Monday, October 21, 2024
Closing Date
Wednesday, October 23, 2024
Basis of Allotment
Thursday, October 24, 2024
Initiation of Refunds
Friday, October 25, 2024
Credit of Shares to Demat
Friday, October 25, 2024
Listing Date
Monday, October 28, 2024
Cut-off time for UPI mandate confirmation
5 PM on October 23, 2024

Prospectus

Prospectus File

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ARN-0032 Validity 14-Mar-2027

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Customer Care
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