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 Date | Nov 24, 2023 |
| IPO Closing Date | Nov 29, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 - 86 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹40.76 Cr |
| Fresh Issue | ₹40.76 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Nov 24, 2023 |
| IPO Close Date | Nov 29, 2023 |
| Basis of Allotment Date | Dec 04, 2023 |
| Initiation of Refunds | Dec 05, 2023 |
| Credit of Shares to Demat Account | Dec 06, 2023 |
| IPO Listing Date | Dec 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹137600 |
| Maximum | 1 | 1600 | ₹137600 |
IPO Promoter Holding
| Pre Issue Share Holding | 60.00% |
| Post Issue Share Holding | 43.81% |
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
