Premium Plast Lists with a Whisper: Shares Debut at Just 5% Premium on NSE SME, Know More!Premium Plast Lists with a Whisper: Shares Debut at Just 5% Premium on NSE SME, Know More!

Premium Plast experienced a subdued entry into the market, with its initial shares trading on NSE SME at ₹51.45. This represents only a 5% increase over the initial offering price of ₹49, reflecting a modest start compared to typical expectations.

Premium Plast IPO saw strong demand on Day 3, with the issue subscribed 36.96 times. This high level of interest reflects investor confidence in the company’s potential, attracting significant participation from various investor categories during the subscription period.

The company is a tier-1 automotive component manufacturer, supplying exterior, interior, and under-the-hood plastic parts directly to OEMs. Its sustainable manufacturing practices result in zero-discharge units, boosting efficiency and cutting costs. With ISO 9001:2015, ISO 14001:2015, and IATF-16949 certifications, the company ensures high-quality products through rigorous testing before client delivery.

Premium Plast Ltd plans to utilise its IPO funds primarily for expanding its Pithampur plant and installing a solar power plant, repaying loans, and supporting general corporate activities.