Premium Plast IPO Detail: Open Date, Close Date, GMP, Price Band

Premium Plast IPO subscription opens from Monday, October 21, 2024, and closes on Wednesday, October 23, 2024. It is a book-built issue of worth up to Rs 26.20 crores equity shares. This upcoming IPO is an entirely fresh issue of 53.46 lakh equity shares.

Premium Plast IPO price band is Rs 46 to Rs 49 per share. The minimum lot size set for the retail category is 3000 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 6000 shares. The minimum amount required for retail investors is Rs 1,47,000 (49 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,94,000 (49 x 6000 shares).

Premium Plast IPO allotment is expected to be finalised on Thursday, October 24, 2024. The listing will be on the NSE SME platform on Monday, October 28, 2024. Currently, Premium Plast's IPO GMP is Rs 5, which indicates that the listing price is expected to be near Rs 54 per share.

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Premium Plast IPO: Listing Date, Lot Size, Issue Size, Price Band

Premium Plast IPO opens on October 21 and closes on October 23, 2024. The tentative listing date is on October 28 and face value kept at Rs 10 per share. The Lot size is 3000 shares.

Premium Plast IPO: About the Company

Premium Plast Limited, established in 1995 and based in Thane, Maharashtra, is a prominent manufacturer specializing in plastic products. The company focuses on producing a variety of items, including electrical and electronic components, specialized packaging solutions, and air ducts. As a public limited company, it operates under the classification of a non-government entity and is registered with the Registrar of Companies. With nearly three decades of experience, Premium Plast has built a reputation for quality and innovation in the plastics industry, catering to diverse sectors including automotive and electronics. Its commitment to excellence is reflected in its extensive product range and dedication to customer satisfaction.

Premium Plast IPO Objectives

The company intends to use the net proceeds from the offer for expanding its existing manufacturing facility at Pithampur, Madhya Pradesh, purchasing machinery, setting up a rooftop grid solar power plant, repaying or prepaying outstanding borrowings, covering general corporate purposes, and meeting offer-related expenses.

Premium Plast IPO: Key Dates, Allotment, Listing Date

Premium Plast IPO key dates are discussed in the table below. Investors can check the allotment status on October 24, and those who will not get shares allotted will get a refund on October 25, 2024. The credit of shares will take place on the same day, and the listing will be on October 28 on the NSE SME platform.

Premium Plast IPO Subscription Details, IPO Reservation

Premium Plast IPO subscription details will be available after the IPO opens on 21 October 2024. Not less than 44.98% of the net offer is reserved for the retail category, not more than 10.04% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 44.98% of the net offer is reserved for the HNI category.

Premium Plast IPO Allotment Details

Premium Plast IPO Allotment status are available on its registrar Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar website.

Premium Plast IPO GMP

Currently, Premium Plast IPO GMP (grey market premium) is trading at Rs 5. It is expected that the listing price can be near Rs 54. However, if the subscription is oversubscribed, then Premium Plast IPO GMP may rise.

Premium Plast IPO Lot Size Details

Premium Plast IPO lot size is set at 3000 shares per lot. Investors can bid a minimum of 3000 shares and their multiples. For the retail category, the minimum and maximum bid is kept at 3000 shares, amounting to Rs 1,47,000. The minimum lot size for HNI is 2 lots, which is 6000 shares. The minimum investment for the HNI category is Rs 2,94,000.

Promoter Holdings

Premium Plast IPO promoters are Chetan Nagendra Dave and Dr Lopa Chetan Dave. The promoters' shareholdings before the IPO were 95.45%; However, post IPO their shareholdings will be 68.73%.

Premium Plast Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Premium Plast IPO

The IPO is managed by Khandwala Securities Limited, which is the book-running lead manager for this public issue. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to Premium Plast IPO

Interested investors can apply to the Premium Plast IPO directly from the Bigul trading app or you can apply by clicking here. Investors can also check the details of other upcoming IPO on Bigul.

Premium Plast IPO FAQs

1. What are the core details available of the Premium Plast IPO?

Premium Plast IPO is a book-built issue worth up to Rs 26.20 crores. This upcoming IPO is an entirely fresh issue of 53.46 lakh equity shares.

2. When will the Premium Plast IPO open and close?

Premium Plast IPO subscription opens on Monday, October 21, 2024, and closes on Wednesday, October 23, 2024

3. What is Premium Plast IPO GMP?

Currently, Premium Plast IPO GMP (grey market premium) is trading at Rs 5. It is expected that the listing price can be near to Rs 54. However, if the subscription gets oversubscribed, then Premium Plast IPO GMP might rise in the coming days.

4. How do you check the IPO Allotment status?

Premium Plast IPO Allotment details are available on its registrar Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

5. Who is the registrar and lead managers for Premium Plast IPO?

Premium Plast IPO Registrar, is Bigshare Services Private Limited. The book-running lead manager for this IPO is Khandwala Securities Limited. Investors can check the allotment status in the Bigshare Services Private Limited official website.

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