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Swashthik Plascon Limited IPO Detail

Swashthik Plascon Limited IPO Detail

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

Company Promoters

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.

IPO Details

IPO Opening DateNov 24, 2023
IPO Closing DateNov 29, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹80 - 86 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size₹40.76 Cr
Fresh Issue₹40.76 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.00x 0.47x 0.74x - 0.47x
Day 2 0.00x 1.25x 3.12x - 1.83x
Day 3 3.42x 35.76x 13.58x - 15.43x

IPO Tentative Timetable

The Swashthik Plascon Limited IPO open date is Nov 24, 2023, and the close date is Nov 29, 2023. The issue may list on Dec 07, 2023.

IPO Open DateNov 24, 2023
IPO Close DateNov 29, 2023
Basis of Allotment DateDec 04, 2023
Initiation of RefundsDec 05, 2023
Credit of Shares to Demat AccountDec 06, 2023
IPO Listing DateDec 07, 2023

IPO Lot Size

The Swashthik Plascon Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137600).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding60.00%
Post Issue Share Holding43.81%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 2820.71 3533.97 6.91
31-Mar-22 2737.34 4986.51 13.01
31-Mar-23 4908.15 4589.10 302.19

Objects of the Issue:

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 Limited IPO Registrar:

Bigshare Services Pvt Ltd

Swashthik Plascon Limited IPO Lead Manager(s):

Shreni Shares Private Limited

Company Contact Information:

Swashthik Plascon Limited

No. A75 - A76, PIPDIC Electronic Park

Thirubuvanai, Mannadipet Commune,

Pondicherry - 605107