Premium Plast Limited

21 Oct 2024 - 23 Oct 2024 Individual Category IPO NSE

Min Investment

₹276000

Price Band

₹46-₹49

Issue Size

53.46 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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21 Oct 2024

Open Date

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23 Oct 2024

Close Date

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24 Oct 2024

Allotment Date

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28 Oct 2024

Listing Date

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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About Premium Plast Limited

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.

Founded

1995

Managing Director

Chetan Nagendra Dave and Dr Lopa Chetan Dave

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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