Swashthik Plascon IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 29, 2023Let’s have a detailed review of the company and analytics of the Swashthik Plascon IPO release date, IPO offer price, subscription, Swashthik Plascon Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 80 to Rs 86 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | December 7, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4076 Lakh |
| IPO Size | Rs 4076 Lakh |
| Tick Size | 1 |
Swashthik Plascon IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Swashthik Plascon Share Price |
Swashthik Plascon IPO – Summary
Their company is mainly engaged in the business of manufacturing a wide range of PET Bottles and PET Preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, household applications, Dish wash liquid packaging, Repellent dispenser etc and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottle and Juice bottles.
The Promoter of this company is MR. PARASMAL MAHENDRA KUMAR, MR. PARASMAL RAVINDRA KUMAR, MR. PARASMAL DHARMENDRA KUMAR, MR. MISRIMAL PARASMAL, MRS. P UMRAO, MRS. MAHENDRAKUMAR NIRMALA, MRS. R ASHA JAIN AND MRS. D ANITA. The lead manager of the issue is SHRENI SHARES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Swashthik Plascon IPO Date
The opening and closing dates of Swashthik Plascon IPO are November 24, 2023 and November 29, 2023 respectively.
Swashthik Plascon IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 24th Nov | 0.00x | 0.47x | 0.74x | 0.47x |
| 2nd Day – 28th Nov | 0.00x | 1.25x | 3.12x | 1.83x |
| 3rd Day – 29th Nov | 3.42x | 35.76x | 13.58x | 15.43x |
| Shares Offered or Net Issue | 900,800 | 675,200 | 1,576,000 | 4,739,200 |
The shares subscribed by the public will be updated here.
Swashthik Plascon IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Swashthik Plascon Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 4, 2023 |
| Refunds Initiation | December 5, 2023 |
| Credit of Shares to Demat Account | December 6, 2023 |
| Share Listing Date | December 7, 2023 |
Swashthik Plascon IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 80 to Rs 86
Swashthik Plascon IPO Equity Size
This Initial Public Issue of 4,739,200 Equity Shares of Rs.10 each for cash at a price of Rs 80 to Rs 86 per equity share aggregating to Rs.4076 Lakh.
Swashthik Plascon IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,739,200 Equity Shares of Rs.10/ each.
Issue Size: 4,739,200 Equity Shares of Rs.10 each, aggregating to Rs.4076 Lakh
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Swashthik Plascon IPO – Live Performance
The listing date of this IPO is December 7, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Swashthik Plascon Share Price |
Swashthik Plascon IPO Grey Market Premium
The Swashthik Plascon Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Swashthik Plascon IPO – Company Overview
Their company was originally formed on June 30, 2006 as a Partnership Firm under the name and style of “Swashthik Caps”.
Subsequently, their company was converted into Private Limited Company vide certificate of incorporation dated May 05, 2011 bearing corporate identity no. U25209PY2011PTC002578 issued by the Registrar of Companies, Pondicherry.
The company name was changed to Swashthik Plascon Private Limited pursuant to issuance of Fresh Certificate of Incorporation dated June 13, 2023 by Registrar of Companies, Pondicherry.
Their Company was converted into Public Limited Company and name of company was changed from “Swashthik Plascon Private Limited” to “Swashthik Plascon Limited” vide fresh certificate of incorporation dated July 17, 2023 issued by the Registrar of Companies, Pondicherry
Swashthik Plascon IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 30-Sep-23 | 31-Mar-23 | |
| Total Assets | 11416.09 | 11076.25 |
| *Total Revenue | 6973.65 | 4589.10 |
| Total Expense | 6287.13 | 4242.30 |
| Profit After Tax | 528.48 | 302.19 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | |
| Basic & Diluted | 4.12 | 4.99 |
Further, their PAT for the period ended on Sep 30, 2023, March 31 and March 31, 2023, were Rs. 528.48 Lakh, and Rs. 302.19 Lakh respectively.
Swashthik Plascon IPO – Promoters
The Promoter of this company is:
- PARASMAL MAHENDRA KUMAR,
- PARASMAL RAVINDRA KUMAR,
- PARASMAL DHARMENDRA KUMAR,
- MISRIMAL PARASMAL,
- P UMRAO,
- MAHENDRAKUMAR NIRMALA,
- R ASHA JAIN
- D ANITA
List of Related Parties (Key Managerial Personnel)
- Mahendrakumar Gautam, Managing Director
- Parasmal Mahendra Kumar, Chairman cum Non-Executive Director
- Parasmal Ravindra Kumar, Non-Executive Director
- Mahendrakumar Nirmala,
Swashthik Plascon IPO – Promoters Holding
- Pre-Issue Share Holding – 60.00%
- Post-Issue Share Holding – 43.81%
Swashthik Plascon IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,739,200 Equity Shares aggregating up to Rs.4076 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,38,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 45,00,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 15,76,000 Equity Shares |
| Other than Retail Individual Investors | Not more than n 6,75,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,28,24,795 Equity Shares |
| Equity Shares outstanding after the Issue | 1,75,63,995 Equity Shares |
Swashthik Plascon IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery;
- Funding of capital expenditure requirements of their Company towards Set up of Solar Power Plant;
- Purchase of Plant and Machinery at their existing Manufacturing facility;
- Funding Working Capital Requirements of their Company;
- General corporate purposes;
Swashthik Plascon IPO – Business Strategy
- Invest in infrastructure and technology
- Expanding their customer base
- Improving functional efficiency
- Enhancing existing product base and product quality
Swashthik Plascon IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management & workforce
- Focus on Quality and Safety
- Cost Leadership and time-bound execution
- Existing relationship with the clients
- The cordial relationship between management and Labour
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.99 | 14.95 | 15.76 |
| 31-Mar-22 | 0.22 | 2.06 | 10.53 |
| Mar-21 | 0.12 | 1.12 | 10.31 |
Swashthik Plascon IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per Share (Rs.) | |
| Swashthik Plascon Limited | 10 | [●] | 4.99 | 14.95% | 15.76 |
| Listed Peers | |||||
| Technopack Polymers Limited | 10 | 15.91 | 5.40 | 13.86% | 31.65 |
Swashthik Plascon IPO Lead Managers
| Lead Managers |
| SHRENI SHARES LIMITED (FORMERLY KNOWN AS SHRENI SHARES PRIVATE LIMITED) A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express Highway, Magathane, Boriwali East, Mumbai – 400066, Maharashtra, India. Telephone: 022 2089 7022 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Contact Person: Mr. Parth Shah Website: www.shreni.in SEBI Registration Number: INM000012759 |
Swashthik Plascon IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali CavesRoad, Andheri East, Mumbai – 400 093, Maharashtra, India Tel: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Babu Rapheal C SEBI Registration No.: INR000001385 |
Swashthik Plascon IPO – Other Details
- Statutory Auditor – M/s PSDY & Associates, Chartered Accountant
- Legal Counsel to the Company – J Mukherjee & Associates
- Bankers to the Company – YES Bank Limited
Swashthik Plascon IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Swashthik Plascon Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Swashthik Plascon IPO Review FAQs
Check out various FAQs related to the Swashthik Plascon IPO:
What is the Issue Size of Swashthik Plascon IPO?
The Company is making an initial public offer of 4,739,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Swashthik Plascon IPO?
The price band for this particular IPO ranges between Rs 80 to Rs 86. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Swashthik Plascon IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 24, 2023, while the closing date is set at November 29, 2023.
What is the Swashthik Plascon IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 4, 2023, refund initiation is on December 5, 2023, credit of shares is on December 6, 2023, and share listing date is on December 7, 2023.
What is the Swashthik Plascon IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 7, 2023. The date, when the listing would be done, is stagnant on December 7, 2023.
Who is the Registrar of Swashthik Plascon IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Swashthik Plascon IPO?
Here are the promoters of this IPO – MR. PARASMAL MAHENDRA KUMAR, MR. PARASMAL RAVINDRA KUMAR, MR. PARASMAL DHARMENDRA KUMAR, MR.
MISRIMAL PARASMAL, MRS. P UMRAO, MRS. MAHENDRAKUMAR NIRMALA, MRS. R ASHA JAIN AND MRS. D ANITA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Swashthik Plascon IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Swashthik Plascon IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Swashthik Plascon Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 302.19. PAT from Sep 2023 is 528.48.
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