Premium Plast IPO

Premium Plast Ltd

₹1,38,000 /3000 sharesMinimum Investment

Premium Plast IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Oct ‘24 - 23 Oct ‘24₹1,38,0003,000₹46 - ₹49
Issue SizeIPO Doc
26.20Cr
RHP PDF

Subscription rate

As of 22 Oct'24, 06:00 PM
Qualified Institutional Buyers0x
Non-Institutional Investor0x
Retail Individual Investor0x
Total8.31032547699214x

About Premium Plast

Premium Plast is a tier-1 automotive component manufacturer, directly supplying to original equipment manufacturers (OEMs). The company designs, manufactures, and supplies different plastic components used in commercial vehicles. The company’s product portfolio includes exterior plastic components, interior cabin components, and under-the-hood components. In addition to automotive parts, Premium Plast produces different types of injection and blow moulded plastic articles for multiple industries and applications. The company’s product line spans verticals such as automotive components, exterior and interior automotive parts, steering wheels, and other vehicle-related components. The company also produces industrial plastic parts and moulded industrial packaging.;
Founded in
1995
Managing director
Mr. Chetan Nagendra Dave
Parent organisation
Premium Plast Ltd

Strengths & Financials of Premium Plast

Strengths
Risks
Premium Plast holds IATF-16949 certification for specialised plastic injection and blow mould components. The company is also ISO 9001:2015 certified for quality management systems and ISO 14001:2004 certified for environmental management systems.
The company claims to excel in the production of automotive parts and has manufactured over 600 components.
Premium Plast operates three manufacturing units, with two located in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra. The combined installed capacity of these units is 1,975 MTPA.
The company claims to be committed to sustainable manufacturing practices, which have enabled its facilities to achieve 'zero-discharge' status, ensuring no waste output into the environment.
The company also claims to conduct a variety of strength tests, including load and fatigue tests, vibration tests, cyclical endurance tests, and tests for chemical and heat resistance. These strict testing protocols ensure that all products meet the required industry standards for safety, durability, and environmental compliance.
The company has recorded a consistent rise in revenue from operations and profit after tax (PAT) over the last few years. Revenue from operations increased from Rs 30.99 crore in FY22 to Rs 44.04 crore in FY23 to Rs 46.71 crore in FY24, while PAT increased from Rs 0.78 crore in FY22 to Rs 1.59 crore in FY23 to Rs 4.77 crore in FY24.

Premium Plast Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Premium Plast IPO

Apply asPrice bandApply upto
Regular46 - 49₹2 Lakh
High Networth Individual46 - 49₹2 - 5 Lakh
For Premium Plast IPO, eligible investors can apply as Regular.
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