Premium Plast IPO subscription started on Monday, October 21, and will close on October 23 as per the schedule. The price band is set atā¹46 to ā¹49 per share with a face value of ā¹10.
Premium Plast IPO Subscription Status
Premium Plast IPO Subscribed over 38.87x on its second day till 5.00 PM on 23rd October.
- Premium Plast IPOĀ subscription QIB investors portion is 6.74 times, while NII subscribed 19.56 times and RII investors have subscribed 65.37 times.
- The company has received bids for 19,73,10,000 shares against 50,76,000 shares on offer on the last day of subscription.
- Premium Plast IPO Subscribed over 38.87x on day 3.
- Premium Plast IPO Subscribed over 8.76x on day 2
- Premium Plast IPO Subscribed over 3.70x on day 1.
About Premium Plast
Premium Plast Limited is based in Maharashtra, India, and is engaged in the design, manufacture, and supply of exterior, interior, and hood components for commercial vehicles OEMs. The companyās product range includes automotive parts, plastic components, and packaging components. Its revenue from operations for the fiscal year ending on January 31, 2024, was ā¹3904 lakhs, a decrease from the previous fiscal yearās revenue which was slightly over ā¹4404 lakhs. In 2022 and 2021, the revenue from operations was ā¹3099 lakhs and ā¹2795 lakhs, respectively. The company prioritizes customer satisfaction and has established strong, long-term relationships with both national and international consumers. It is also preparing to launch an SME(Small and Medium Enterprise) IPO with a price band set at ā¹46 to ā¹49 per share.
Premium Plas Company Financial Report
The company reported revenue of ā¹39.40 crore in 2024 against ā¹44.05 crore in 2023. The company reported a profit of ā¹4.17 crores in 2024 against a profit of ā¹1.59 crores in 2023.
Premium Plas IPO GMP:
Premium Plas India IPO GMPĀ was ā¹14 as of Wednesday, October 23. That indicates the IPO is trading at ā¹63 with ā¹14 premium in the grey market against the issue price of ā¹49.
