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.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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The current active IPO is Freshara Agro Exports, Lakshya Powertech Limited IPO, Hyundai Motor India Limited.

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About Premium Plast Limited

Premium Plast is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers (“OEMs”)) automotive component group. They design, manufacture and supply, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. They manufacture a wide variety of injection and blow moulded plastic articles for a broad group of industries and applications. The products broadly include automotive parts, plastic industrial components and packaging components, which cater to a diverse range of industries. They specialise in manufacturing of automotive parts and have manufactured over 600 components across three facilities strategically located in India. They use blow moulding and injection moulding technologies for manufacturing their products.

Since, the Company manufactures plastic products, it ensures that it inculcates sustainable practices in its manufacturing processes. During injection molding and blow molding process, the residual plastic generated by the Company is reused as a raw material, on account of it possessing the required polymers for manufacturing the other finished products. This ensures that they do not increase the plastic waste generated from their manufacturing units and also helps them reduce cost of raw materials, thereby helping them achieve economies of scale. Their sustainable manufacturing practices enable them to make their manufacturing units ‘zero-discharge’ units and therefore increase their efficiency and reduce their expenditure. Additionally, they also propose to set up a roof top solar panels at their existing manufacturing units to partly source the electricity for running their manufacturing units. They believe that their rooftop solar panels shall empower them in becoming a responsible, ethical and socially responsible green unit.

Auto Parts and Accessories Market Analysis/Insights
The market is segmented on the basis of product, vehicle type, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

The regions covered in the market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global auto parts and accessories market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa. 

North America dominates the market due to the region's market is poised for continued growth due to increasing adoption of these accessories. This trend is expected to drive further expansion during the forecast period, fueled by a combination of factors such as consumer demand, technological advancements, and a robust automotive industry ecosystem. 

Asia-Pacific is expected to grow in the market due to increasing demand from end-users and traction battery manufacturers. The region's growing energy density is expected to further fuel this expansion in the near future. As consumers seek more efficient and advanced automotive technologies, the market is expected to experience a significant uptick, positioning Asia-Pacific as a key player in the global automotive industry. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the market.

PREMIUM PLAST LIMITED COMPETITIVE STRENGTHS
1. Long-standing relationships with established customers, with potential to expand their customer base
2. They provide a diverse range of specialised plastic products across varied customer segments
3. Robust design optimisation capabilities
4. Sustainable business development
5. Existing client and supplier relationships
6. Strategic location of manufacturing units
7. Quality Standard Certifications & Quality Tests
8. Experienced Promoters and senior management team

PREMIUM PLAST LIMITED STRATEGIES
1. Increasing manufacturing capacity of setting up of an additional manufacturing unit to focus on the growing demand of their products
2. Expand their existing product portfolio
3. Inculcate sustainability in their operations

PREMIUM PLAST LIMITED RISK FACTORS & CONCERNS
1. They significantly rely on automotive molding products (injection and blow molding) division for a significant amount of revenue.
2. They are heavily dependent on the performance of the passenger vehicle market in India.
3. As on date they have not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed expansion at their manufacturing units.