SSF Plastics India Limited is a leader in producing rigid plastic packaging and engineering plastic parts. Now it has decided to launch an IPO of ₹550 Cr. This IPO is a mixture of fresh issue ₹300 and OFS(Offer For Sale) ₹250.
SSF Plastics IPO DRHP was filed on 20th March 2025 (Thursday), said to sources. SSF Plastics IPO is going to be listed on the BSE and NSE platforms. currently, the company’s promoters hold a 100 percent stake.
SSF Plastics Fresh Issue’s Deployment
The company will use the proceeds from the fresh issue to pay off debt, fund capital expenditures for purchasing plant and machinery, and cover general corporate purposes.
SSF Plastics IPO Lead Managers
IIFL Capital Services Ltd and Nuvama Wealth Management Ltd are the book-running lead managers to the issue.
In SSF Plastic IPO, retailers are allocated at least 35% quota and at least 15% is for NII, while QIB has not more than 50%.
About SSF Plastic
SSF Plastics India Limited was founded in 2006 and started a business of manufacturing rigid plastic packaging and engineering plastic components. This company is considered one of the leading in this business and also aims to provide faster solutions and top services to clients. And end-to-end services from design to delivery to products like bottles and containers, caps/ closures and tubs, and engineering plastic components, among others.
In addition, it also has a focus on cleanroom environments for pharmaceutical packaging production, through stringent contamination control standards to ensure product safety and quality.
SSF Plastics reported a profit of Rs 15.19 crore and revenue of Rs 397.41 crore from operations for the six months ending September 2024.
SSF Plastics IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
SSF Plastics Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹525.48 | ₹479.15 | ₹31.84 |
| 2023 | ₹600.68 | ₹547.85 | ₹48.58 |
| 2024 | ₹633.85 | ₹571.75 | ₹46.10 |
| September 2024 | ₹399.14 | ₹378.65 | ₹15.19 |
SSF Plastics IPO Valuation – FY2024
SSF Plastics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹11.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.53% |
| Net Asset Value (NAV): | ₹77.35 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Mold-Tek Packaging Limited | 20.07 | 22.38 | 11.56% | 178.70 | 698.65 Cr. |
| Time Technoplast Limited | 13.71 | 27.13 | 12.94% | 112.00 | 4,992.50 Cr. |
| Shaily Engineering Plastic Limited | 12.49 | 147.66 | 13.34% | 99.90 | 643.87 Cr. |
Objects of the Issue
- Re-payment/ pre-payment, in full or in part, of certain outstanding borrowings availed by our Company;
- Funding capital expenditure requirements for purchase of plant and machinery; and
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
