Swashthik Plascon IPO will open for subscription from 24 November 2023. The company aims for an issue size of ₹40.76 Cr through this IPO.
Company Overview
| Full name | Swashthik Plascon Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://swashthikplascon.com/ |
About Company
Swashthik Plascon is engaged in the business of manufacturing a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical applications, Liquor applications, FMCG Packaging, household applications, Dish wash liquid packaging, Repellent dispensers, etc and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.
The company has a well-equipped quality control lab with in-house testing equipment to check the capacity and quality of the products. The finished products undergo strict quality checks to ensure that they are of the required quality as per the standards set. The company’s in-house testing team regulates and monitors the quality, safety, and packaging of Bottles and Preforms. As of 31 March 2023, Swashthik Plascon’s Total Income and Restated Profit after tax were INR 45.89 crore, and INR 3.02 crore.
The Objectives of the Issue
- Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery
- Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plant
- Purchase of Plant and Machinery at the Existing Manufacturing Facility
- Funding Working Capital Requirements of the Company
- General corporate purposes
Swashthik Plascon IPO Timetable
| IPO Opening date | 24 November 2023 |
| IPO Closing | 29 November 2023 |
| Basis of Allotment | 04 December 2023 |
| Initiation Refund | 05 December 2023 |
| Credit to Demat Account | 06 December 2023 |
| Listing Date | 07 December 2023 |
Swashthik Plascon IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹40.76 Cr – 4,739,200 shares |
| Fresh Issue | ₹40.76 Cr – 4,739,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹80 to ₹86 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 238,400 shares |
| Shareholding pre-issue | 12,824,795 |
| Shareholding post-issue | 17,563,995 |
| Listing Exchange | BSE SME |
Swashthik Plascon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
Swashthik Plascon IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Swashthik Plascon Financial Performance
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,414.90 | 4,908.15 | 2,737.34 | 2,820.71 |
| Revenue | 2,377.08 | 4,589.10 | 4,986.51 | 3,533.97 |
| Profit After Tax | 382.38 | 302.19 | 13.01 | 6.91 |
| Net Worth | 2,403.93 | 2,021.55 | 631.53 | 618.52 |
| Reserves and Surplus | 1,121.45 | 739.07 | 31.53 | 18.52 |
| Total Borrowing | 1,689.51 | 1,589.59 | 1,495.61 | 1,515.58 |
Swashthik Plascon Valuations & Margins
| FY 2023 | |
| EPS | 4.99 |
| PE ratio | 16.03 – 17.23 |
| RONW (%) | 14.83 |
| NAV | 15.88 |
| EBITDA (%)* | 12.99 |
| Debt/Equity | 2.89 |
Company Promoters
- Mr. Parasmal Mahendra Kumar
- Mr. Parasmal Ravindra Kumar
- Mr. Parasmal Dharmendra Kumar
- Mr. Misrilal Parasmal
- Mrs. P Umrao
- Mrs. Mahendrakumar Nirmala
- Mrs. R Asha Jain
- Mrs. D Anita
Promoter Holding
| Pre Issue Share Holding | 60% |
| Post Issue Share Holding | 43.81% |
Swashthik Plascon Lead Manager(s)
SHRENI SHARES LIMITED
A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Swashthik Plascon Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Swashthik Plascon Contact Details
SWASHTHIK PLASCON LIMITED
A75 – A76, PIPDIC Electronic Park, Thirubuvanai,
Mannadipet Commune, Puducherry – 605107, Pondicherry, India
Phone: (0413)-2640955
E-mail: investors@swashthikplascon.com
Website: www.swashthikplascon.com
Swashthik Plascon IPO Allotment Status
Swashthik Plascon IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Swashthik Plascon IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
