Premium Plast Limited IPO GMP

Since the inception in May 1995 in Mumbai, Premium Plast have evolved from producing two components, to manufacturing over 600 components at two strategic locations. At Premium Plast Ltd., they specialize in creating a diverse range of plastic components and parts catering to various industries, including Automotive, Industrial, Electrical and Specialized Packaging.

Premium Plast, an Book Built Issue amounting to ₹26.19 Crores, consisting entirely an Fresh Issue of 53.46 Lakh Shares. The subscription period for the Premium Plast IPO opens on October 21, 2024, and closes on October 23, 2024. The allotment is expected to be finalized on or about Thursday, October 24, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, October 28, 2024.

The Share price band Premium Plast IPO is set at ₹46 to ₹49 equity per share, with a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹1,47,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹2,94,000.

KHANDWALA SECURITIES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Asnani Stock Broker Private Limited will act as Market Maker for the Premium Plast IPO.

Premium Plast Limited IPO GMP Today
The Grey Market Premium of Premium Plast Limited IPO is expected to be ₹11 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Premium Plast Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:50 PM on 23 October 2024, the Premium Plast, IPO live subscription status shows that the IPO subscribed 36.96 times on its Final day of subscription period. Check the Premium Plast, IPO Live Subscription Status Today at NSE.

Premium Plast Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Premium Plast IPO allotment date is 24 October, 2024, Thursday. Premium Plast IPO Allotment will be out on 24th October 2024 and will be live on Registrar Website from the allotment date. Check Premium Plast Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Premium Plast Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Premium Plast Limited IPO
Premium Plast Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,655.44 Lakhs will be used to Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries 
2. ₹104.4 Lakhs will be used for Funding of capital expenditure requirement of the Company towards Set up of Rooftop on Grid Solar Power Plant at their existing Manufacturing facility 
3. ₹223.12 Lakhs will be used for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company 
4. General Corporate Purpose 
5. Offer Related Expenses

Refer to Premium Plast Limited RHP for more details about the Company.