Premium Plast Limited 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 location of production units
  • Certifications according to quality standards and quality inspections
  • Experienced promoters and an experienced management team

As of June 30, 2024, the company had a total of 39 employees.

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited’s revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,006.313,809.232,905.452,516.95
Revenue1,212.814,670.594,404.833,104.78
Profit After Tax141.16477.55159.3277.7
Net Worth2,216.671,652.511,174.961,015.64
Reserves and Surplus841.561,176.45698.91539.59
Total Borrowing506.84830.98505.35512.28
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Premium Plast IPO is Rs 93.58 Cr.

KPI as of June 30, 2024.

KPIValues
ROE6.37%
ROCE7.88%
RoNW6.37%
P/BV1.98
PAT Margin (%)11.64
 Pre IPOPost IPO
EPS (Rs) 3.472.96
P/E (x) 14.1116.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Premium Plast IPO Objectives)

The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:

  1. Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries;
  2. Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility;
  3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
  4. General Corporate Purpose; and
  5. Offer Related Expenses.

Premium Plast IPO Details

IPO DateOctober 21, 2024 to October 23, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹46 to ₹49 per share
Lot Size3000 Shares
Total Issue Size5,346,000 shares
(aggregating up to ₹26.20 Cr)
Fresh Issue5,346,000 shares
(aggregating up to ₹26.20 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue13,751,100
Share holding post issue19,097,100
Market Maker portion270,000 shares

Premium Plast IPO Promoter Holding

Chetan Nagendra Dave and Dr. Lopa Chetan Dave are the company's promoters.

Share Holding Pre Issue95.45%
Share Holding Post Issue68.73%

SHARIAH SCREENING for - Premium Plast Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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