Swashthik Plascon Limited

Company Name	Swashthik Plascon Limited
Open Date	24-11-2023
Close Date	29-11-2023
Exchange	BSE SME
Lot Size	1600 Shares
Issue Price	₹80 to ₹86 per share
Issue Size	47,39,200 Equity Shares
Application Amount	₹ 1,37,600
Recommendation	Avoid

Swashthik Plascon Limited was originally Incorporated in the year 2006 and has its registered office in Pondicherry, India. The company is engaged in the business of manufacturing of a wide range of PET bottles and PET preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser, etc., The company manufactures Bottles and Preforms in Continuous Injection Stretch Moulding Machines with advanced Technology using 100% virgin food grade quality material. As of September 30, 2023, the company has 60 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-2 1	Mar-22	Mar-23	Sep-23
Total Assets	2,820.71	2,737.34	4,908.15	5,414.90
Net Assets	618.52	631.53	2,037.09	2,564.07
Total Borrowings	1,515.58	1,495.60	5,879.54	6,231.66
Total Revenue	3,389.66	4,947.29	4,561.81	6,623.12
Profit After Tax	6.90	13.01	302.20	528.48

Tentative Timeline

Opening Date	24-11-2023
Closing Date	29-11-2023
Basis of Allotment	04-12-2023
Initiation of Refunds	05-12-2023
Credit of Shares to Demat	06-12-2023
Listing Date	07-12-2023

Objects of the Issue

Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery and set up of solar plant.

Purchase of Plant and Machinery at the Existing Manufacturing Facility

Funding the working capital requirements.

General Corporate Expenses.

Contact Information

Registered Office	Swashthik Plascon Limited No. A75 - A76, PIPDIC Electronic Park Thirubuvanai, Mannadipet Commune, Pondicherry - 605107
Phone	(0413)-2640955
Email	investors@swashthikplascon.com
Website	https://swashthikplascon.com/

Offer Documents

Swashthik Plascon Limited DRHP

Swashthik Plascon Limited RHP

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

QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters)	60.00%
Share Holding Post Issue (Promoters)	43.81%