Premium Plast SME IPO Details, Financials, Valuation & Peers
Explore Premium Plast IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Premium Plast Limited is a tier-1 automotive component manufacturer supplying high-quality plastic components directly to original equipment manufacturers (OEMs). With expertise in injection and blow molding technologies, the company designs, manufactures, and supplies exterior and interior automotive components, under-the-hood parts, and industrial plastic products across a range of industries. Premium Plast Limited operates three manufacturing facilities in India, located in Madhya Pradesh and Maharashtra, with a total installed capacity of 1,975 MTPA. The company boasts a robust portfolio, including over 600 automotive components such as exterior and interior parts, steering wheels, and under-the-hood components. Its product offerings also extend to industrial plastic parts used in various applications, such as electrical distribution systems and molded industrial packaging.
Key Points:
- Tier-1 Automotive Component Supplier: Directly supplies to original equipment manufacturers (OEMs) in the commercial vehicle sector.
- Product Range: Offers exterior components (fenders, grills, bumpers), interior components (dashboard panels, door handles), steering wheels, and under-the-hood components, totaling over 600 distinct products.
- Sustainability Initiatives: Implements sustainable practices, including recycling residual plastic and planning for solar energy installation to reduce operational carbon emissions.
- Client Base: Supplies components to prestigious automobile manufacturers, including exclusive contracts with companies like the Volvo Eicher Group.
- Custom Manufacturing Capabilities: Offers tailored solutions to meet specific customer requirements, enhancing flexibility and responsiveness in production.
- Innovative Product Development: Engages in the development of new products either independently or in consultation with clients, demonstrating a focus on innovation in the automotive components sector.
Objects of the Issue
- Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries
- Funding of capital expenditure requirement of our Company towards Set up of Rooftop on 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
- Offer Related Expenses
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 21 Oct - 23 Oct 2024 |
| IPO Price Band | ₹46 - ₹49 per share |
| Fresh Issue | 53,46,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹26.20 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 21 Oct 2024 |
| IPO Closing Date | 23 Oct 2024 |
| Basis Of Allotment | 24 Oct 2024 |
| Refunds | 25 Oct 2024 |
| Demat Transfer | 25 Oct 2024 |
| IPO Listing Date | 28 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 31.05 | 44.05 | 46.71 | 12.13 |
| Total Expenses | 30.08 | 41.84 | 40.25 | 10.18 |
| Net Profit/Loss | 0.78 | 1.59 | 4.78 | 1.41 |
| NPM (*) | 2.50 | 3.62 | 10.22 | 11.64 |
| Total Assets | 25.17 | 29.05 | 38.09 | 40.06 |
| Total Liabilities | 15.01 | 17.30 | 21.57 | 17.90 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 1.63 | 3.35 | 10.03 | 1.03 |
| RoNW (%) | 7.65 | 13.56 | 28.90 | 6.37 |
| ROCE (%) | 6.76 | 13.95 | 28.01 | 7.88 |
| D/E Ratio | 0.42 | 0.35 | 0.34 | NA |
| Current Ratio | 1.17 | 1.23 | 1.60 | 1.74 |
| EBITDA MARGIN (%) | 3.13 | 5.01 | 13.82 | 16.04 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Premium Plast Limited | 46.71 | 4.89 | 10.03 | 28.90 | 34.70 |
| Varroc Engineering Limited | 4,534.96 | 17.0 | 23.37 | 39.22 | 59.51 |
| Uno Minda Ltd | 8,983.30 | 64.80 | 10.21 | 21.59 | 47.28 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 6.74 |
| Non-Institutional Investor (NII/HNI) | 19.56 |
| Retail Individual Investor (RII) | 65.37 |
| Total | 38.87 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- CHETAN NAGENDRA DAVE
- DR. LOPA CHETAN DAVE
Lead Managers
- KHANDWALA SECURITIES LIMITED
Company Address
Premium Plast Limited
Gala No 3, Shiv Shankar Indl Est No 1, Virar City (M Corp), Valiv, Thane, Vasai - 401 208, Maharashtra, India
Phone: +91 025 0660 1160
Email: info@premiumplast.in
Website: www.premiumplast.in
FAQs
- What is the issue size of the Premium Plast SME IPO?The Premium Plast SME IPO has an issue size of ₹26.20 crore. This includes a fresh issue of 53,46,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Premium Plast IPO?The price band for the Premium Plast IPO is ₹46 - ₹49 per share.
- What are the bidding dates for the Premium Plast IPO?The Premium Plast IPO will open for bidding on 21 Oct 2024 and close on 23 Oct 2024.
- What is the allotment date for the Premium Plast IPO?The allotment date for the Premium Plast IPO is 24 Oct 2024.
- What is the minimum lot size and investment required for the Premium Plast IPO?The minimum lot size for the Premium Plast IPO is 3000 shares and the minimum investment required is ₹1,47,000.
- What is the listing date for the Premium Plast IPO?The listing date for the Premium Plast IPO is 28 Oct 2024.
- What is the Premium Plast IPO grey market premium?The grey market premium (GMP) for the Premium Plast IPO is currently at ₹9, with an expected listing gain of approximately 18.37%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.