Who is the CEO of Premium Plast Ltd?
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Chetan Nagendra Dave is the CEO of Premium Plast Ltd, leading the company towards growth in the automotive plastic parts industry.
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Premium Plast Limited, established in 1995, has positioned itself as a leading manufacturer and supplier of automotive plastic parts in India. The company specializes in producing injection and blow-moulded components for commercial vehicles, offering an expansive product range that caters to various industries, including packaging and industrial segments. With three strategically located production units, Premium Plast's facilities are in Pithampur (Madhya Pradesh) and Vasai (Maharashtra), boasting a combined production capacity of 1,975 MTPA.
The company's strong relationship with key commercial vehicle manufacturers has bolstered its market position. Over time, Premium Plast has built a robust customer base, leveraging its expertise in design optimization and sustainable business practices. As of June 30, 2024, the company recorded a total workforce of 39 employees, further emphasizing its streamlined operations.
Particulars | Details |
IPO Date | October 21 - October 23, 2024 |
Listing Date | October 28, 2024 (NSE SME) |
Price Band | ₹46 to ₹49 per share |
Total Issue Size | ₹26.20 Cr |
Fresh Issue | 5,346,000 shares |
Lot Size | 3000 Shares |
Purpose of the IPO
The funds raised through this IPO will be primarily used for expanding the Pithampur manufacturing facility and purchasing new machinery. Additionally, a portion of the funds will be allocated to setting up a Rooftop Grid Solar Power Plant, repaying certain outstanding debts, and general corporate purposes.
Event | Date |
IPO Open Date | October 21, 2024 |
IPO Close Date | October 23, 2024 |
Basis of Allotment Finalized | October 24, 2024 |
Refunds Initiation | October 25, 2024 |
Credit of Shares to Demat | October 25, 2024 |
Listing Date | October 28, 2024 |
Online Application Process:
KPI | Value |
ROE | 6.37% |
ROCE | 7.88% |
PAT Margin | 11.64% |
P/E (Post IPO) | 16.57 |
Registrar | Bigshare Services Pvt Ltd |
Phone | +91-22-6263 8200 |
ipo@bigshareonline.com | |
Website |
Lead Manager | Khandwala Securities Limited |
Past IPO Performance | Lead Manager Reports Available |
Address | Contact Information |
Gala No 3, Shiv Shankar Indl Est No 1, Virar City, Thane, Vasai - 401 208 | Phone: +91 025 0660 116 Email: info@premiumplast.in Website: premiumplast.in |
The Premium Plast IPO presents an investment opportunity in a growing industry. With plans to expand its production capacity and focus on renewable energy solutions, the company is positioning itself for sustainable growth. However, investors should consider the risks of client concentration and industry competition before making a decision.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Chetan Nagendra Dave is the CEO of Premium Plast Ltd, leading the company towards growth in the automotive plastic parts industry.
The Premium Plast IPO opens for subscription on October 21, 2024, and closes on October 23, 2024.
The price band for the Premium Plast IPO is set between ₹46 to ₹49 per share, determined based on the company’s financial performance and market conditions.
Log in to your Bajaj Broking Demat account, select Premium Plast IPO, enter quantity, apply via UPI or ASBA, confirm, and wait for the allotment status to update.
The key risks include reliance on one major client and high competition. Rewards include the company’s growth potential and expansion plans.
Information not available.
There is no guarantee, and dividend decisions will depend on future profitability and company strategy.
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