Swashthik Plascon was originally formed on June 30, 2006, as a partnership firm and converted into a private limited company on May 5, 2011. The company is mainly engaged in the manufacturing of a wide range of PET bottles and PET preforms. This includes PET bottles for pharmaceutical applications, liquor applications, FMCG packaging, household applications, dish wash liquid packaging, repellent dispensers, etc., and PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.
| Bidding Dates |
|---|
| 24 Nov 2023 - 29 Nov 2023 |
| Subscription |
|---|
| 14.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1600 | 4.7 M | ₹80 - ₹86 | 73.02 % | ₹379.1 M - ₹407.6 M | RHP DOC |
Swashthik Plascon IPO SUBSCRIPTION STATUS
29 Nov '23Swashthik Plascon IPO overall subscription rate was 14.41 times the total available shares
Swashthik Plascon IPO retail subscription rate was 13.57 times in the retail segment
Swashthik Plascon IPO non-institutional investor subscription rate was 26.69 times in the non-institutional investor category
Swashthik Plascon IPO Qualified Institutional Bidder subscription rate was 3.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Nov 2023 (Day 3) | 13.57x | 26.69x | 3.42x |
28 Nov 2023 (Day 2) | 3.12x | 1.18x | 0x |
24 Nov 2023 (Day 1) | 0.74x | 0.35x | 0x |
Swashthik Plascon FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 52.8 | 662.3 | 6.0 | -16.9 | 16.6% |
| FY23 | 30.2 | 456.2 | 36.8 | 5.3 | 13.0% |
Swashthik Plascon IPO SUBSCRIPTION STATUS DETAILS
Swashthik Plascon had 4.7 M shares on offer
Swashthik Plascon IPO offer price was in the range ₹80 - ₹86
Swashthik Plascon IPO minimum Investment was ₹128000
Swashthik Plascon IPO issue size was ₹ 379.1 M - ₹ 407.6 M
Swashthik Plascon had a minimum lot size of 1600 Shares per application
Swashthik Plascon NUMBER OF SHARES ON OFFER
Swashthik Plascon IPO IMPORTANT DATES
| Issue Open Date | 24 Nov 2023 |
| Issue close Date | 29 Nov 2023 |
| Allotment Date | 01 Dec 2023 |
| Refund Date | 04 Dec 2023 |
| Demat Account Credit Date | 05 Dec 2023 |
| Listing Date | 05 Dec 2023 |
| Listing on Exchange(s) | BSE |
| Swashthik Plascon Allotment Status | Exchange |
Swashthik Plascon IPO subscription opened on 24 Nov 2023, and closed on 29 Nov 2023
IPO allotment for Swashthik Plascon was finalized on Friday, 01 Dec 2023
IPO listing for Swashthik Plascon was on BSE on Tuesday, 05 Dec 2023
Swashthik Plascon IPO LISTING GAINS
| Issue Price (adjusted) | 86.0 |
| Listing Open Price | 120.1 |
| Listing Close Price | 126.1 |
| Listing Gain% | 39.6% |
| Current Gain% | -74.3% |
Swashthik Plascon Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Swashthik Plascon Ltd. | 22.1 | 38.8 | 5.3 | 1.2 | 0.3 | 8.6 | 3.6 | 153.9 | 7 | 8 | 15.6 | 4.1 | 4.3 |
| Supreme Industries Ltd. | 3495 | 44395.9 | 43 | 2.7 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1437 | 38605 | 71.9 | 29.4 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3367.4 | 15474.1 | 87.5 | 1.7 | 15.1 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Time Technoplast Ltd. | 206.9 | 10212.8 | 20.8 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
| Finolex Industries Ltd. | 161.3 | 10010.2 | 16.3 | 0.3 | 2.5 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
Swashthik Plascon INFORMATION ON IPO ISSUE
About Swashthik Plascon
Swashthik Plascon was originally formed on June 30, 2006, as a partnership firm and converted into a private limited company on May 5, 2011. The company is mainly engaged in the manufacturing of a wide range of PET bottles and PET preforms. This includes PET bottles for pharmaceutical applications, liquor applications, FMCG packaging, household applications, dish wash liquid packaging, repellent dispensers, etc., and PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.
Object of the Issue
- Funding capital expenditure for developing new manufacturing facilities and installation of plant and machinery.
- Funding capital expenditure requirements of the company towards the setup of a solar power plant.
- Purchase of plant and machinery at our existing manufacturing facility.
- Funding working capital requirements of the company.
- General corporate purposes.
Swashthik Plascon - PROMOTERS
| Name |
|---|
| Parasmal Mahendra Kumar |
| Parasmal Ravindra Kumar |
| Parasmal Dharmendra Kumar |
| Misrilal Parasmal |
| P Umrao |
| Mahendrakumar Nirmala |
| R Asha Jain |
| D Anita |
Swashthik Plascon Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Swashthik Plascon Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Swashthik Plascon Strengths
Focus on quality and safety
The company is committed to taking qualitative manufacturing measures and adheres to various quality standards and parameters associated with the product
Existing relationships
The company's existing relationships and goodwill serve as a competitive advantage in gaining new clients and increasing business with existing ones
Swashthik Plascon Risks
Legal proceedings
The company, along with its promoters, directors, and group companies, are involved in certain legal proceedings. Any adverse decision in these proceedings may have a material adverse effect on the business
Faces competition
The company faces competition in its business from both organized and unorganized players, which may adversely affect its business operations and financial condition
IPO FAQs
The promoters of the company are Parasmal Mahendra Kumar, Parasmal Ravindra Kumar, Parasmal Dharmendra Kumar, Misrilal Parasmal, P Umrao, Mahendrakumar Nirmala, R Asha Jain and D Anita.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 80.0 - 86.0.
The IPO application opens on Nov 24, 2023 and closes on Nov 29, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 137,600.0.
This IPO will be allotted on Dec 01, 2023.
The refund will be credited to your account on Dec 04, 2023.
The allotted shares will be credited to your demat on Dec 05, 2023.
Swashthik Plascon Ltd.’s shares listed on the stock exchanges on Dec 05, 2023.