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Open
21 Oct 2024
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Close
23 Oct 2024
3
Allotment
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Listing
Mon, Oct 28, 2024
Price Band
₹46 to ₹49
Issue Size
53,46,000 shares (agg. up to ₹26 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Oct 28, 2024
Latest GMP
₹9
Est. Gain
18.37%
✦ AI Insight
GMP Trend
28-10-2024₹9Est. ₹58+18.37%
27-10-2024₹9Est. ₹58+18.37%
26-10-2024₹9Est. ₹58+18.37%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 38.60x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 40.06 | 38.09 | 29.05 | 25.17 |
| Total Income | 12.13 | 46.71 | 44.05 | 31.05 |
| Profit After Tax | 1.41 | 4.78 | 1.59 | 0.78 |
| NET Worth | 22.17 | 16.53 | 11.75 | 10.16 |
| Reserves and Surplus | 8.42 | 11.76 | 6.99 | 5.40 |
| Total Borrowing | 5.07 | 8.31 | 5.05 | 5.12 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Forge Auto International Ltd. | SME | ₹31.10 Cr | ₹108 | 12.98 | ₹109.35 | +1.25% | ₹88.70 (+4.97%) |
| Mandeep Auto Industries Ltd. | SME | ₹25.25 Cr | ₹67 | 10.15 | ₹65.35 | -2.46% | ₹20.15 (+4.40%) |
| Emmforce Autotech Ltd. | SME | ₹53.90 Cr | ₹98 | 33.5 | ₹195.51 | +99.50% | ₹175.65 (-1.15%) |
| Thaai Casting Ltd. | SME | ₹47.20 Cr | ₹77 | 25.99 | ₹195.15 | +153.44% | ₹125.20 (+9.82%) |
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹44.50 (-3.78%) |
| Kross Ltd. | Mainboard | ₹500.00 Cr | ₹240 | 28.93 | ₹259.81 | +8.25% | ₹187.27 (+0.56%) |
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹485.00 (+2.47%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries | 16.55 |
| 2 | Funding of capital expenditure requirement of our Company towards Set up of Rooftop on Grid Solar Power Plant at our existing Manufacturing facility | 1.04 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 2.23 |
| 4 | General Corporate Purpose | 3.27 |
| 5 | Offer Related Expenses | 3.10 |
About Premium Plast IPO
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
Contact Details
Premium Plast Ltd. AddressGala No 3, Shiv Shankar Indl Est No 1Virar City (M Corp), ValivThane-Vasai, Dist.PalgharPalghar, Maharashtra, 401208+91 025 0660 116info@premiumplast.inVisit Website