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/
Last updated on 23-Oct-2024 18:35:06
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 510000 | 3435000 | 6.74 |
| NIB | 2283000 | 44925000 | 19.68 |
| RETAIL | 2283000 | 149238000 | 65.37 |
| Total | 5076000 | 197598000 | 38.93 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 3 |
| NIB | 4070 |
| RETAIL | 49746 |
| Total | 53819 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 2.5 | 16.83 | 6.74 |
| NIB | 11.19 | 220.13 | 19.68 |
| RETAIL | 11.19 | 731.27 | 65.37 |
| Total | 24.87 | 968.23 | 38.93 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.44 | @8% ₹0.51 | @9% ₹0.57 | @10% ₹0.63 | @11% ₹0.7 | @12% ₹0.76 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.29 | @8% ₹1.48 | @9% ₹1.66 | @10% ₹1.85 | @11% ₹2.03 | @12% ₹2.22 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 147000 | 761 |
| HNI | 2 | 6000 | 294000 | 761 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 42.70% | 2283000 |
| NII (HNI) | 42.70% | 2283000 |
| QIB | 9.54% | 510000 |
| Market Maker | 5.05% | 270000 |
| Total | 100.00% | 5346000 |
Premium Plast IPO Details
| Total Issue Size | 5,346,000 shares (aggregating up to ₹26.20 Cr) |
| Fresh Issue | 5,346,000 shares (aggregating up to ₹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 |
| Market Maker portion | 270,000 shares Asnani Stock Broker |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 6.37% | 28.90% | 13.56% |
| ROCE | 7.88% | 28.01% | 13.95% |
| RONW | 6.37% | 28.90% | 13.56% |
| EPS (basic) | 1.03 | 10.03 | 3.35 |
| P/E Pre IPO | 14.11 | ||
| P/E Post IPO | 16.57 |
Financial Statement (Restated)
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,006.31 | 3,809.23 | 2,905.45 | 2,516.95 |
| Revenue | 1,212.81 | 4,670.59 | 4,404.83 | 3,104.78 |
| Profit After Tax | 141.16 | 477.55 | 159.32 | 77.7 |
| Net Worth | 2,216.67 | 1,652.51 | 1,174.96 | 1,015.64 |
| Reserves and Surplus | 841.56 | 1,176.45 | 698.91 | 539.59 |
| Total Borrowing | 506.84 | 830.98 | 505.35 | 512.28 |
| Amount in Lakhs. | ||||
About Company
Strength
Long-standing customer relationships: Premium Plast has established strong ties with key commercial vehicle manufacturers, providing a solid foundation for customer retention and potential expansion.
Diverse product portfolio: The Company offers a broad range of specialized plastic products catering to various industries, enhancing its market reach.
Robust design optimization: Premium Plast’s advanced design capabilities allow for efficient and tailored solutions, giving it a competitive edge in meeting customer-specific needs.
Weakness
Dependence on key customers: The Company relies heavily on a few major customers without long-term contracts, and the loss or reduction in business from these customers could negatively impact revenue.
Concentration in automotive products: A significant portion of revenue comes from the automotive molding division, making the business vulnerable to downturns or customer loss in this segment.
Pricing pressure: Ongoing price pressure from customers could squeeze margins and hinder the company’s ability to raise prices, affecting profitability and financial health.
Avoid