Premium Plast IPO subscription started on Monday, October 21, and will close on October 23 as per the schedule. The price band is set at₹46 to ₹49 per share with a face value of ₹10.
Premium Plast IPO Subscription Status
Premium Plast IPO Subscribed over 8.76x on its second day till 5.00 PM on 22nd October.
- Premium Plast IPO subscription QIB investors portion is 1.00 times, while NII subscribed 2.11 times and RII investors have subscribed 17.15 times.
- The company has received bids for 4,44,78,000 shares against 50,76,000 shares on offer on the second day of subscription.
- 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 company’s product range includes automotive parts, plastic components, and packaging components. Its revenue from operations for the fiscal year ending on January 31, 2024, was ₹3904 lakhs, a decrease from the previous fiscal year’s revenue which was slightly over ₹4404 lakhs. In 2022 and 2021, the revenue from operations was ₹3099 lakhs and ₹2795 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 ₹46 to ₹49 per share.
Premium Plas Company Financial Report
The company reported revenue of ₹39.40 crore in 2024 against ₹44.05 crore in 2023. The company reported a profit of ₹4.17 crores in 2024 against a profit of ₹1.59 crores in 2023.
Premium Plas IPO GMP:
Premium Plas India IPO GMP was ₹14 as of Tuesday, October 22. That indicates the IPO is trading at ₹63 with ₹49 premium in the grey market against the issue price of ₹49.
