Premium Plast Limited IPO

Premium Plast Limited IPO: Fresh issue of 53.46 lakh shares worth ₹26.20cr. Funds will expand manufacturing, set up solar plant, repay borrowings & corporate use.

Important Details

Open Date : October 21, 2024 Close Date : October 23, 2024 Allotment Date: October 24, 2024 Listing Date: October 28, 2024

Important Details

IPO Price: INR 46-49per share Lot Size: 3000 Shares Total Issue Size: INR 26.20 crores

Fundamental Analysis

Premium Plast IPO shows mixed performance: 1. Revenue up 6.05% to ₹4,670.59L,Expenses down 3.79%. 2. PAT surged 199.87% to ₹477.55L. 3. Equity rose 40.51% to ₹1,652.53L. 4. NAV/share dropped to ₹16.10, raising valuation concerns.

Peer Comparison

1. Premium Plast: Revenue ₹4,404.83L, EPS ₹3.35, RoNW 13.56%, NAV ₹24.70. 2. Varroc Engineering: Revenue ₹453,496L, EPS ₹23.37, RoNW 39.22%, NAV ₹59.51. 3. Uno Minda: Revenue ₹898,330L, EPS ₹10.21, RoNW 21.59%, NAV ₹47.28.

Objective

Premium Plast IPO Objective: 1. Invest INR 16.55 crores in Pithampur facility. 2. Set up solar plant for INR 1.04cr. 3. Repay INR 2.23 crores in loans. 4. Remaining funds for corporate purposes.

Risks And Challenges

Premium Plast IPO Risks: 1. Relies on one customer for 82% of revenue, risking operations if lost. 2. Heavy dependence on the Indian passenger vehicle market poses risks. 3. Adapting to industry trends and customer preferences is crucial.