Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Swashthik Plascon IPO is going to open soon. So I will give you complete information about Swashthik Plascon IPO here on IPO India.
On this article I will inform you about Swashthik Plascon IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Swashthik Plascon
Established in June 2006, Swasthik Plascon is a company that specializes in manufacturing PET bottles and PET preforms. They manufacture PET bottles for various applications like pharmaceuticals, liquor, FMCG packaging, household, dish washing liquid, repellent dispensers, etc. They also manufacture 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 potency and quality of the products. The company conducts rigorous quality checks on their finished products to ensure they meet the required standards. The company’s in-house testing team oversees and monitors the quality, safety and packaging of bottles and preforms.
As on March 31, 2023, the company’s total revenue and restated profit after tax stood at Rs. 4,589.10 lakhs and Rs. 302.19 lakhs.
The main strengths of the company are as follows
- Experienced management and workforce, focusing on time-bound execution while maintaining quality, safety, cost leadership and existing client relationships.
- Amicable relationship between management and labour
Swashthik Plascon IPO GMP
| Exp. Premium (GMP) | ₹7-10 per Share |
About Swashthik Plascon IPO
Here is some information about Swashthik Plascon IPO which will help you in making a decision to invest in Swashthik Plascon IPO. It appears to be a book-built offer with a total value of Rs ₹40.76 crore, including 47.39 lakh share offer for sale in full.
Summary of the key details
- Issue Size: Rs ₹40.76 crore.
- Offer for Sale: 47.39 lakh shares.
- Subscription Period: November 24, 2023, to November 29, 2023.
- Allotment Date: Expected on Monday, December 4, 2023.
- Listing Date: Tentatively scheduled for Thursday, December 7, 2023, on BSE SME
Price Range of Swashthik Plascon IPO
- ₹80 to ₹86 per share
Lot Size of Swashthik Plascon IPO
- Minimum Lot: 1600 Shares.
- Minimum Investment for Retail Investors: ₹137,600
Minimum Lot Size Investments for Swashthik Plascon IPO
- HNI: 2 lots (3,200 shares), amounting to ₹275,200.
This information provides potential investors with the details they need to participate in the Swashthik Plascon IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Swashthik Plascon IPO
| Open Date | Nov 24, 2023 |
| Close Date | Nov 29, 2023 |
| Allotment Date | Dec 04, 2023 |
| Listing Date | Dec 07, 2023 |
| Face Value | ₹10 Pre Equity Share |
| Issue Price | ₹80-86 Per Equity Share |
| Issue Size | 4,740,000 shares (Aggregating up to ₹40.76 Cr) |
| Market Lot (Min. Amount) | 1600 Shares (₹137,600/-) |
| Listing at Group(s) | BSE SME |
| Lead Manager | Sherni Shares Private Limited |
| Register | Bigshare Services Pvt Ltd |
| Retail Portion | 35% |
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Valuations of Swashthik Plascon IPO
| Earnings Per Share (EPS) | ₹4.99/- |
| P/E Ratio | 17.23 |
| RoNW | 14.95% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Company Financials (in Crs)
| Date | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 4,589.10 | 302.19 | |
| 31-Mar-22 | 4,986.51 | 13.01 | |
| 31-Mar-21 | 3,533.97 | 6.91 |
Peers Comparison
| Name of IPOs | Total Share Capital | Equity Share Capital | Share Application Money | Preference Share Capital | Reserves | Revaluation Reserves | Networth (in Crs) | Total Debt | Total Liabilities |
|---|---|---|---|---|---|---|---|---|---|
| Swashthik Plascon | 12.82 | 12.82 | 0.00 | 0.00 | 7.55 | 0.00 | 20.37 | 58.80 | 79.17 |
| Time Techno | 22.61 | 22.61 | 0.00 | 0.00 | 2,246.68 | 0.00 | 2,269.29 | 810.24 | 3,079.53 |
| Apollo Pipes | 5.00 | 5.00 | 0.00 | 0.00 | 31.89 | 0.00 | 36.89 | 17.68 | 54.57 |
Promoter(s)
| Pre Issue Share Holding | 60% |
| Post Issue Share Holding | 43.81% |
Company Promotor(s):-
- 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
- Mrs. D. Anita
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| 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 |
Issue Objective(s)
- Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery
- Funding of capital expenditure requirement of the Company toward Set up of Solar Power Plant
- Purchase of Plant and Machinery at the Existing Manufacturing Facility
- General Corporate Purpose.
Swashthik Plascon IPO Registrar
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Swashthik Plascon IPO Review
Swastik Plascon is a leading manufacturer of PET bottles and preforms for the packaging industry. The company has a strong track record of growth and profitability and is well positioned to benefit from the growing demand for PET packaging.
Strengths:
- Strong track record of growth and profitability
- Well positioned to benefit from growing demand for PET packaging
- Experienced management team with a strong focus on quality and innovation
- Strong customer base with diversified end-market mix
Weaknesses:
- A highly competitive and fragmented industry
- Dependent on a small number of large customers
- Exposure to fluctuations in raw material prices
Opportunities:
- Demand for PET packaging is increasing in India
- Expansion into new markets
- Development of new and innovative products
Threats:
- Economic recession
- Increased competition from other PET packaging manufacturers
- Increase in raw material prices
Overall, Swasthic Plascon is a fundamentally strong company with a bright future. The company’s strengths outweigh its weaknesses, and it is well positioned to capitalize on the growing demand for PET packaging. However, investors should be aware of the risks associated with investing in the company, such as a highly competitive industry and reliance on a small number of large customers.
Summary of the company’s financials:
Income: Rs. 4,589.10 lakhs by March 31, 2023
Profit After Tax: Rs. 302.19 lakhs by March 31, 2023
P/E Ratio: 19.10 based on the upper end of the IPO price band of Rs. 86
Overall, Swasthik Plascon is a promising IPO with a strong track record and a bright future. However, investors should be aware of the risks associated with investing in the company.
Conclusion
In conclusion, Swasthik Plascon presents a promising investment opportunity with a solid track record in the PET packaging industry. The IPO, scheduled for November 24 to November 29, 2023, offers shares in the range of ₹80 to ₹86 per share. With a focus on quality, innovation and a strong customer base, the company is well positioned to capitalize on the growing demand for PET packaging.
Investors should carefully consider the financial metrics, subscription details and the company’s strengths and weaknesses before participating. While IPOs show potential for growth, it is crucial to identify the risks associated with the industry and market. Be aware of key dates, conduct due diligence and consult financial professionals to make well-informed investment decisions. A listing on BSE SME is tentatively planned for December 7, 2023, an exciting milestone for Swasthik Plascon and potential investors.
Swashthik Plascon IPO FAQs
What is Swashthik Plascon IPO?
Swasthik Plascon IPO is an SME IPO of 4,739,200 equity shares of face value of ₹10 each up to ₹40.76 crore. The issue price is ₹80 to ₹86 per share. Minimum order quantity is 1600 shares.
The IPO opens on November 24, 2023 and closes on November 29, 2023.
Bigshare Services Pvt Ltd is the Registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Swashthik Plascon IPO will open?
The Swashthik Plascon IPO opens on November 24, 2023 and closes on November 29, 2023.
What is the lot size of Swashthik Plascon IPO?
Swashthik Plascon IPO lot size is 1600 Shares, and the minimum amount required is ₹137,600.