The Premium Plast IPO is a book-built issue worth Rs 26.20 crores, consisting entirely of a fresh issue of 53.46 lakh shares.
The subscription period is from October 21, 2024, to October 23, 2024. The allotment is expected to be finalized on October 24, 2024, and the tentative listing date on NSE SME is October 28, 2024.
Premium Plast operates in the plastics and manufacturing sector. They specialize in the design, manufacturing, and supply of plastic injection, blow, and extruded components. Their product portfolio includes automotive parts, industrial plastic parts, and specialized packaging components.
The price band is set at ₹46 to ₹49 per share. The minimum lot size is 3,000 shares, requiring an investment of at least ₹147,000 for retail investors. For HNIs, the minimum investment is 2 lots (6,000 shares), amounting to ₹294,000.
Khandwala Securities Limited is the book-running lead manager, with Bigshare Services Pvt Ltd serving as the registrar. The market maker for this IPO is Asnani Stock Broker.
Premium Plast IPO Details:
| Company Name | Premium Plast Limited |
| Sector | Plastics and Manufacturing |
| IPO Type | SME |
| IPO Open date | 21st Oct 2024 |
| IPO Close date | 23rd Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Premium Plast IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,47,000 |
| HNI (Min) | 2 | 6000 | 2,94,000 |
Premium Plast IPO Timeline:
| IPO Open Date | 21st Oct 2024 |
| IPO Close Date | 23rd Oct 2024 |
| Basis of Allotment | 24th Oct 2024 |
| Refund Initiation Date | 25th Oct 2024 |
| Shares Credit to Demat | 25th Oct 2024 |
| Listing Date | 28th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Premium Plast’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Plastics and Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Premium Plast and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
