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:
As of June 30, 2024, the company had a total of 39 employees.
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 Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Premium Plast IPO is Rs 93.58 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.37% |
| ROCE | 7.88% |
| RoNW | 6.37% |
| P/BV | 1.98 |
| PAT Margin (%) | 11.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | 2.96 |
| P/E (x) | 14.11 | 16.57 |
The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹46 to ₹49 per share |
| Lot Size | 3000 Shares |
| 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 |
Chetan Nagendra Dave and Dr. Lopa Chetan Dave are the company's promoters.
| Share Holding Pre Issue | 95.45% |
| Share Holding Post Issue | 68.73% |
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