Swashthik Plascon IPO is a book built issue of Rs 40.76 crores. The issue is entirely a fresh issue of 47.39 lakh shares.
Swashthik Plascon IPO opens for subscription on November 24, 2023 and closes on November 29, 2023. The allotment for the Swashthik Plascon IPO is expected to be finalized on Monday, December 4, 2023. Swashthik Plascon IPO will list on BSE SME with tentative listing date fixed as Thursday, December 7, 2023.
Swashthik Plascon IPO price band is set at ₹80 to ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Shreni Shares Private Limited is the book running lead manager of the Swashthik Plascon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Swashthik Plascon IPO is Nikunj Stock Brokers.
Refer to Swashthik Plascon IPO RHP for detailed information.
Swashthik Plascon IPO Details
| IPO Date | November 24, 2023 to November 29, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,739,200 shares (aggregating up to ₹40.76 Cr) |
| Fresh Issue | 4,739,200 shares (aggregating up to ₹40.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,824,795 |
| Share holding post issue | 17,563,995 |
| Market Maker portion | 238,400 shares Nikunj Stock Brokers |
Swashthik Plascon IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Swashthik Plascon IPO Anchor Investors Details
Swashthik Plascon IPO raises Rs 11.60 crore from anchor investors. Swashthik Plascon IPO Anchor bid date is November 23, 2023.
| Bid Date | November 23, 2023 |
| Shares Offered | 1,348,800 |
| Anchor Portion Size (In Cr.) | 11.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 16, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2024 |
Swashthik Plascon IPO Timeline (Tentative Schedule)
Swashthik Plascon IPO opens on November 24, 2023, and closes on November 29, 2023.
| IPO Open Date | Friday, November 24, 2023 |
| IPO Close Date | Wednesday, November 29, 2023 |
| Basis of Allotment | Monday, December 4, 2023 |
| Initiation of Refunds | Tuesday, December 5, 2023 |
| Credit of Shares to Demat | Wednesday, December 6, 2023 |
| Listing Date | Thursday, December 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2023 |
Swashthik Plascon IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
| Lot Size Calculator |
Swashthik Plascon IPO Promoter Holding
The promoters of the Company are Mr Parasmal Mahendra Kumar, Mr Parasmal Ravindra Kumar, Mr Parasmal Dharmendra Kumar, Mr Misrilal Parasmal, Mrs P Umrao, Mrs Mahendrakumar Nirmala, Mrs R Asha Jain and Mrs. D Anita.
| Share Holding Pre Issue | 60.00% |
| Share Holding Post Issue | 43.81% |
About Swashthik Plascon Limited
Incorporated in June 2006, Swasthik Plascon is a company that specializes in the production of PET bottles and PET preforms. They manufacture PET bottles for various applications such as pharmaceuticals, liquor, FMCG packaging, household, dishwashing liquids, repellent dispensers, etc. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.
The company has a quality control lab equipped with testing equipment to assess the capacity and quality of the products. The company conducts rigorous quality checks on their finished products to ensure that they meet the required standards. The company’s in-house testing team supervises and monitors the quality, safety, and packaging of the bottles and preforms.
As of March 31, 2023, the Company’s Total Income and Restated Profit after tax was Rs. 4,589.10 Lakhs and Rs. 302.19 Lakhs.
The core strength of the company lies in the following
- Experienced management and workforce, with a focus on quality, safety, cost leadership, and time-bound execution while maintaining existing client relationships.
- The cordial relationship between management and labour
Swashthik Plascon Limited Financial Information (Restated Standalone)
Swashthik Plascon Limited’s revenue decreased by -7.97% and profit after tax (PAT) rose by 2222.75% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,414.90 | 4,908.15 | 2,737.34 | 2,820.71 |
| Revenue | 2,377.08 | 4,589.10 | 4,986.51 | 3,533.97 |
| Profit After Tax | 382.38 | 302.19 | 13.01 | 6.91 |
| Net Worth | 2,403.93 | 2,021.55 | 631.53 | 618.52 |
| Reserves and Surplus | 1,121.45 | 739.07 | 31.53 | 18.52 |
| Total Borrowing | 1,689.51 | 1,589.59 | 1,495.61 | 1,515.58 |
| Amount in ₹ Lakhs |
Key Performance Indicator
Swashthik Plascon IPO Market Cap is Rs 69.74 Cr and P/E (x) is 17.23.
| KPI | Values |
|---|---|
| P/E (x) | 17.23 |
| Post P/E (x) | 19.77 |
| Market Cap (₹ Cr.) | 69.74 |
| Debt/Equity | 0.79 |
| EPS (Rs) | 4.99 |
| RoNW | 14.95 |
Check Swashthik Plascon IPO Peer Comparison here.
Objects of the Issue (Swashthik Plascon IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery
- Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plant
- Purchase of Plant and Machinery at the Existing Manufacturing Facility
- Funding Working Capital Requirements of the Company
- General corporate purposes
Swashthik Plascon IPO Review (May apply)
[Dilip Davda] The company is in a highly competitive and fragmented segment of pet bottles and preforms. The sudden boost in its bottom lines for the last 18 months raises eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced. Well-informed cash surplus investors may park funds for the medium to long-term rewards. Read detail review…
Swashthik Plascon Limited Contact Details
Swashthik Plascon Limited
No. A75 – A76, PIPDIC Electronic Park
Thirubuvanai, Mannadipet Commune,
Pondicherry – 605107
Phone: (0413)-2640955
Email: investors@swashthikplascon.com
Website: https://swashthikplascon.com/
Swashthik Plascon IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html