Swashthik Plascon GMP offering will begin from November 24 , 2023 and closes on November 29 , 2023.
Swashthik Plascon manufactures a wide range of PET bottles and PET preforms, including PET bottles for pharmaceutical applications, liquor applications, FMCG packaging, household applications, dishwash liquid packaging, repellent dispensers and so on, as well as PET preforms for soft drink bottles, packaged drinking water bottles and juice bottles.
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Bidding Dates
24 – 29 November 2023
Price Range
₹80 to ₹86 per share
Face Value
₹10 per share
GMP
₹15
Swashthik Plascon GMP
The Swashthik Plascon Limited IPO GMP is ₹ [15].
IPO Overview
The Swashthik Plascon IPO, which raised Rs 40.76 crores, consisted of a fresh issue of 47.39 lakh shares. Bidding for the IPO commenced on November 24, 2023, and concluded on November 29, 2023. The allotment for the IPO was finalized on Monday, December 4, 2023, and the shares were listed on BSE SME on December 5, 2023. The price band for the Swashthik Plascon IPO was set at ₹80 to ₹86 per share. Retail investors were required to apply for a minimum lot size of 1600 shares, amounting to a minimum investment of ₹137,600. High Net Worth Individuals (HNIs) were required to invest in a minimum of 2 lots (3,200 shares), totaling ₹275,200.
Swashthik Plascon Details
| Swashthik Plascon IPO Dates | 24 – 29 November 2023 |
| Swashthik Plascon Issue Price | INR 80 – 86 per share |
| Fresh issue | 47,40,000 shares (INR 37.92 – 40.76 crore) |
| Offer For Sale | Nil |
| Total IPO size | 47,40,000 shares (INR 37.92 – 40.76 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 137,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Swashthik Plascon Financial Performance
| FY 2023 | |
| Revenue | 4,561.81 |
| Expenses | 4,242.30 |
| Net income | 302.19 |
Swashthik Plascon Valuations & Margins
| FY 2023 | |
| EPS | 4.99 |
| PE ratio | 16.03 – 17.23 |
| RONW (%) | 14.83 |
| NAV | 15.88 |
| EBITDA (%)* | 12.99 |
| Debt/Equity | – |
Swashthik Plascon IPO Dates and Listing Performance
| IPO Opening Date | 24 November 2023 |
| IPO Closing Date | 29 November 2023 |
| Finalization of Basis of Allotment | 4 December 2023 |
| Initiation of refunds | 5 December 2023 |
| Transfer of shares to demat accounts | 6 December 2023 |
| IPO Listing Date | 7 December 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Profile
Swasthik Plascon Limited, established in June 2006, specializes in the production of PET bottles and PET preforms. The company manufactures PET bottles for various industries including pharmaceuticals, spirits, FMCG packaging, household products, washing-up liquids, insect repellent dispensers, and more. Additionally, they produce PET preforms for mineral water, alcoholic and non-alcoholic beverages, glasses, edible oil, pharmaceutical bottles, liqueur bottles, Pril detergent bottles, and PET closures. To ensure the highest quality, the bottles and preforms are made using 100% fresh, food-grade material in state-of-the-art continuous injection moulding machines.
Registrar Info
| Name | BIGSHARE SERVICES PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://www.bigshareonline.com |
Contact Details
| Name | Swashthik Plascon LIMITED |
| Phone number | (0413)-2640955 |
| Email ID | investors@swashthikplascon.com |
| Website | https://www.swashthikplascon.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
