Premium Plast Limited

Company Profile
Company Name Premium Plast Limited
Open Date 21-10-2024
Close Date 23-10-2024
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹46 to ₹49 per share
Issue Size 5,346,000 shares
Application Amount ₹147,000 (3000 shares)
Recommendation Avoid
Established in 1995 the company has their registered office in Thane, Vasai, Maharashtra, India. Business Activity: The company primarily engages in the design, manufacturing, and supply of exterior plastic components, interior cabin components, and under-the-hood components for commercial vehicles. It also manufactures industrial plastic parts and molded industrial packaging. The company serves domestic and international OEMs, ear buds and cotton manufacturers, and industrial tool manufacturers. Revenue Mix: The company’s primary revenue driver is Automotive Plastic Components, accounting for 83% of total revenue in FY2024. Industrial Plastic Parts contribute 9%, while Molded Industrial Packaging makes up the remaining 8%. Geographic Concentration: The company's operations are primarily focused in India, with three manufacturing units strategically located in Vasai, Maharashtra, and Pithampur, Madhya Pradesh. The total installed capacity of these production facilities is 1,975 MTPA. As of September 30, 2024, the company had a total of 42 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Jun 24
Revenue 3,099.15 4,404.12 4,670.69 1,212.81
EBITDA 453.93 544.72 1,026.85 206.55
Net Profit 77.71 159.32 477.66 141.16
RoCE 17.54% 24.09% 36.38% 6.40%
ROE 7.65% 13.56% 28.91% 6.37%
P/E 30.06 14.63 4.89 11.87

Tentative Timeline

Opening Date 21-10-2024
Closing Date 23-10-2024
Basis of Allotment 24-10-2024
Initiation of Refunds 25-10-2024
Credit of Shares to Demat 25-10-2024
Listing Date 28-10-2024

Objects of the Issue

Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries; facilities.
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; and
Offer Related Expenses

Contact Information

Registered Office Premium Plast Limited 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 2,70,000 (5.05%)
QIB Shares Offered 5,10,000 (9.54%)
NII (HNI) Shares Offered 22,83,000 (42.7%)
Retail Shares Offered 22,83,000 (42.7%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 95.45%
Shareholding Post Issue (Promoters) 68.73%

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