Premium Plast Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹49
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,47,000
Issue Size
₹26.2 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
44.98%
QIB Quota
10.04%
NII Quota
44.98%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Premium Plast Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.45%
Promoter Holding (Post-Issue)
68.73%
Issue Type
Book Building - SME
ISIN
INE0M1F01011
About the Company
The Company is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers ("OEMs") automotive component group. It designs, manufactures and supplies, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. The company is an IATF-16949, ISO 9001:2015, and ISO 14001:2004 specialised plastic injection and blow mould components manufacturer. It manufactures a wide variety of injection and blow moulded plastic articles for a broad group of industries and applications. It manufactures automobile components for commercial vehicles of the `Volvo Group'.
Industry Overview
Global auto parts and accessories market size was valued at USD 697.84 billion in 2023 and is projected to reach USD 1,087.32 billion by 2031, with a CAGR of 5.7% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Company History
Premium Plast Limited (the "Company" or the "Issuer") was incorporated under the name and style of `Premium Plast Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 14, 1995 issued by the Additional Registrar of Companies, Maharashtra. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders in an Extraordinary General Meeting held on June 24, 2019 and consequently the name of the Company was changed to `Premium Plast Limited' and a fresh certificate of incorporation dated December 10, 2019 was issued by the Registrar of Companies, Maharashtra at Mumbai.
Products & Services
- The Company designs, manufactures and supplies, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly.
Growth Strategy
- Increasing manufacturing capacity of setting up of an additional manufacturing unit to focus on the growing demand of its products.
- Expand its existing product portfolio.
- Inculcate sustainability in its operations.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 53,46,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 49 per equity share (including a share premium of Rs. 39 per equity share) for cash, aggregating up to Rs. 26.20 crores ("Public Issue") out of which 2,70,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 49 per equity share for cash, aggregating Rs. 1.32 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 50,76,000 equity shares of face value of Rs. 10/ - each, at an issue price of Rs. 49 per equity share for cash, aggregating up to Rs. 24.88 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.99 % and 26.58 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Long-standing relationships with established customers, with potential to expand its customer base.
- Diverse range of specialised plastic products across varied customer segments.
- Robust design optimisation capabilities.
- Sustainable business development.
- Existing client and supplier relationships.
- Its business is dependent on certain major customers, with whom the company does not have firm commitment agreements. The loss of such customers, a significant reduction in purchases by such customers, or a lack of commercial success of a particular vehicle model of which the company is a significant supplier could adversely affect its business, results of operations and financial condition.
- The company significantly relies on automotive molding products (injection and blow molding) division for a significant amount of revenue, and any interruption or reduction in the customers in the said division may adversely affect its business and results of operations.
- Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company prices, which in turn may materially adversely affect its business, results of operations and financial condition.
- The company is heavily dependent on the performance of the passenger vehicle market in India. Any adverse changes in the conditions affecting the passenger vehicle market can adversely impact its business, results of operations and financial condition.
- Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers' demands may materially adversely affect the company's business.