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Premium Plast IPO
Price Band
₹46.0–49.0
Issue Size
₹26.2 Cr
Lot Size
3,000 shares
Min Investment
₹147,000
GMP
+₹9.0 (18.37%)
Issue Price
₹49.0
Subject to Sauda
₹20500
Paid only if allotted
Premium Plast IPO AI Summary
- Premium Plast IPO is listed on NSE SME in the Auto Components & Equipments sector.
- Price band: ₹46.0–₹49.0 per share, lot size 3,000 shares (min. investment ₹147,000).
- Subscription window: 21 Oct–23 Oct 2024, listing on 28 Oct 2024.
- Current GMP is +₹9.0 (18.37%), an estimated listing price of ₹58 — unofficial and can change daily.
Premium Plast Limited is set to enter the market with its IPO, aiming to leverage its established position in the auto components sector. With a focus on growth through expansion and modernization, the company presents a mix of opportunities and risks for potential investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Premium Plast IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Premium Plast IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+18.37%
Est. Listing
₹58.0
Updated: 25 Jul 2026 14:03
About the Company
Premium Plast Limited was founded in 1995 and designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers. Premium Plast manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. The company's product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India. The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA. Competitive strengths: Long-standing relationships with established customers, with the potential to expand the customer base The company offers a wide range of specialized plastic products for various customer segments Robust design optimization capabilities Sustainable business development Existing customer and supplier relationships Strategic location of production units Certifications according to quality standards and quality inspections Experienced promoters and an experienced management team As of June 30, 2024, the company had a total of 39 employees.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 40.06 | 38.09 | 29.05 | 25.17 |
| Total Income | 12.13 | 46.71 | 44.05 | 31.05 |
| Profit After Tax | 1.41 | 4.78 | 1.59 | 0.78 |
| NET Worth | 22.17 | 16.53 | 11.75 | 10.16 |
| Reserves and Surplus | 8.42 | 11.76 | 6.99 | 5.40 |
| Total Borrowing | 5.07 | 8.31 | 5.05 | 5.12 |
Key Ratios
EPS
₹3.47
NAV
₹16.10
ROE
6.37%
ROCE
7.88%
RoNW
6.37%
P/B Value
1.98
P/E Ratio
14.11
Market Cap
₹93.58 Cr
PAT Margin
11.64%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| UNO Minda Limited | 47.28 | 21.59% | 64.8 | 10.22 | 10.21 |
| Varroc Engineering Ltd | 59.51 | 39.22% | 17 | 23.37 | 23.37 |
| Premium Plast Limited This IPO | 24.7 | 13.56% | — | 3.35 | 3.35 |
Promoters
Chetan Nagendra Dave and Lopa Chetan Dave
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries 16.55 2 Funding of capital expenditure requirement of our Company towards Set up of Rooftop on Grid Solar Power Plant at our existing Manufacturing facility 1.04 3 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company 2.23 4 General Corporate Purpose 3.27 5 Offer Related Expenses 3.10
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹31.05 Cr in the year ending 31 Mar 2022, increasing to ₹44.05 Cr by 31 Mar 2023, and then slightly rising to ₹46.71 Cr by 31 Mar 2024. However, the most recent figure of ₹12.13 Cr as of 30 Jun 2024 is a 9-month figure and not directly comparable to the previous full fiscal years.
Profit Trend
Profit after tax was ₹0.78 Cr in the year ending 31 Mar 2022, increasing to ₹1.59 Cr by 31 Mar 2023, and then rising to ₹4.78 Cr by 31 Mar 2024. The latest figure of ₹1.41 Cr as of 30 Jun 2024 is also a 9-month figure, making it not directly comparable to the previous full year.
Valuation
Premium Plast Limited has an implied P/E of 14.11 at the issue price, compared to peers trading at P/E ratios of 17 to 64.8. This suggests that Premium Plast is priced at roughly 14 times trailing earnings, which is lower than some of its peers.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading. A positive GMP suggests that the stock is likely to list above its issue price, while a negative GMP indicates the opposite. Investors often use GMP as a gauge for potential listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors to consider include the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable investments and are risk-averse may want to avoid IPOs like this, especially if they are uncertain about the company's future performance or the overall market environment.
IPO Timeline, Explained
The IPO opens for subscription on 21 Oct 2024 and closes on 23 Oct 2024. Allotment of shares will be finalized on 24 Oct 2024, with shares expected to be listed on the stock exchange on 28 Oct 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs experience significant price increases on their first day of trading, others may not perform as well. Factors influencing listing gains include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from Premium Plast's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Premium Plast IPO GMP today?
Premium Plast IPO GMP today is +₹9.0 (18.37%), indicating an estimated listing price of ₹58. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Premium Plast IPO?
The price band of Premium Plast IPO is ₹46.0–₹49.0 per share.
When does Premium Plast IPO open and close?
Premium Plast IPO opens on 21 October 2024 and closes on 23 October 2024.
When does Premium Plast IPO list on the stock exchange?
Premium Plast IPO listed on 28 October 2024 at ₹58.0.
What is the lot size for Premium Plast IPO?
The lot size for Premium Plast IPO is 3000 shares, requiring a minimum investment of ₹147,000.
What is the price band for the Premium Plast IPO?
The price band is ₹46.0 to ₹49.0.
What is the minimum investment required?
The minimum investment is ₹147,000 for a lot size of 3000 shares.
When does the IPO open and close?
The IPO opens on 21 Oct 2024 and closes on 23 Oct 2024.
What does GMP mean?
GMP stands for grey market premium, indicating the expected listing gain of the IPO.
When is the listing date for the shares?
The shares are expected to be listed on 28 Oct 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Oct 2024
Close
23 Oct 2024
Allotment
24 Oct 2024
Listing
28 Oct 2024
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