Swashthik Plascon IPO GMP, Review, Price, Allotment

The Swashthik Plascon IPO date has been confirmed to have started on November 24, 2023, and ended on November 29, 2023. Read the post to learn about Swashthik Plascon IPO GMP.

Swashthik Plascon manufactures a wide range of PET bottles and PET preforms, including PET bottles for pharmaceutical applications, liquor applications, FMCG packaging, household applications, dish wash 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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Key Details Of Swashthik Plascon IPO

Swashthik Plascon GMP

The Swashthik Plascon Limited IPO GMP is ₹ [15].

Swashthik Plascon 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 needed to invest in at least 2 lots (3,200 shares), totalling ₹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​

IPO Strengths

• 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.

Swashthik Plascon FAQs