Swashthik Plascon is set to launch an IPO which will open on November 24, 2023, and close on November 29, 2023. Through this public offer the company wants to raise Rs. 40.76 Crore from the primary market, The Company fixed the price band of Rs. 80-86 with a minimum lot of 1600 shares, and listed on December 07, according to the preliminary papers filed to the capital market regulator SEBI.
About Swashthik Plascon Company
Swashthik Plascon (2011) is engaged in the business of manufacturing a wide range of Polyethylene Terephthalate (PET) bottles and PET preforms which include PET bottles for liquor application, FMCG packaging, household items, soft drink bottles, etc.
The company has a well-equipped quality control lab with in-house testing equipment with quality check procedures.
Swashthik Plascon IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Capital expenditure for developing new manufacturing facilities installation of plants and machinery and set-up of solar power plant.
- Purchase of plants and machinery
- The working capital requirement of the company
- General corporate expenses.
Swashthik Plascon Strength
- Cost leadership and time-bound execution
- Experienced promoters and a sound operational team
- Long-term relationship with clients
- Quality assurance
Swashthik Plascon Risk Factor
- Dependency on third-party transportation
- Existing manufacturing facilities are limited to a single region only.
Swashthik Plascon IPO Review & Rating
| Issue Size (Rs.) | 40.76 crore |
| Issue Price (Rs.) | 80-86 per share |
| Minimum Lot Size | 1600 shares |
| Total Profit (March 2023) (Rs.) | 1.54 crore |
| RoCE (%) | 14.95% |
| NAV (Rs.) | 15.76 |
| Listing on | BSE SME |
| IPO Deliver Rating | Two |
Swashthik Plascon IPO Dates, Price Band & Details
Swashthik Plascon IPO will open on November 24, 2023, and close on November 29, 2023. The IPO list on December 07, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 40.76 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 24, 2023 |
| IPO Close Date | November 29, 2023 |
| IPO Allotment Date | December 04, 2023 |
| Refund Date | December 05, 2023 |
| Share Credit Date | December 06, 2023 |
| Listing Date | December 07, 2023 |
Swashthik Plascon IPO Offer
Swashthik Plascon IPO’s total issue size is 47,39,200 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 47,39,200 | 40.76 crore |
| Offer for Sale (OFS) | – | – |
Swashthik Plascon Financials Review (hundred)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 4589.10 | 4986.51 | 3533.97 |
| Net Worth | 2221.55 | 631.53 | 618.52 |
| Profit | 302.19 | 13.01 | 6.91 |
| Borrowings | 1589.59 | 1495.61 | 1515.58 |
Swashthik Plascon IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 4.99 | 0.22 | 0.12 |
| RoNW (%) | 14.95 | 2.06 | 1.12 |
| NAV (Rs.) | 15.76 | 10.53 | 10.31 |
Swashthik Plascon IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Technopack Polymers Ltd. | 5.40 | 13.86 | 31.65 |
| – | – | – | – |
Swashthik Plascon Company Promoters
As per the DRHP and RHP, the company has eight promoters.
| Serial No. | Name |
| 01. | P M Kumar |
| 02. | P R Kumar |
| 03. | P D Kumar |
| 04. | Misrimal Parasmal |
| 05. | P Umrao |
| 06. | M K Nirmala |
| 07. | R Asha Jain |
| 08. | D Anita |
Swashthik Plascon Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 60 |
| Post- Issue | 43.81 |
Swashthik Plascon IPO Reservation
Swashthik Plascon IPO total reservation shares distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | 50% of the issue size |
| RII Share Offered | 35% of the issue size |
| NII Share Offered | 15% of the issue size |
Swashthik Plascon IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lot of 1600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 1600 | 1,37,600 |
| Retail Maximum | 01 | 1600 | 1,37,600 |
Swashthik Plascon IPO – Prospectus
An investor can download/view the Swashthik Plascon prospectus copy, which was filed by the company to SEBI, details are as follows.
| Swashthik Plascon IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Swashthik Plascon IPO Registrar
Bigshare Services Private Limited
Tel No.: +91-22-6263 8200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Swashthik Plascon IPO lead manager
Shreni Shares Limited
Tel No.: +91-022-2089 7022
E-Mail: shrenishares@gmail.com
Website: www.shreni.in
Swashthik Plascon IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Swashthik Plascon IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Swashthik Plascon Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Swashthik Plascon Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Swashthik Plascon Company Details
Swashthik Plascon Limited
Registered Office: A 75 -76, Pipdic, Electronic Park, Thirubuvanai, Mannadipet Commune, Puducherry – 605 107, India
Tel: +91-0413- 2640955
Email: investors@swashthikplascon.com
Website: www.swashthikplascon.com
Investor Grievances/Compliance Officer: Mr. M.U. Ravi Kumar
Swashthik Plascon Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | Swashthik Preforms Private Limited |
| 02. | – |
Swashthik Plascon Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Mr. M Gautham |
| 02. | Mrs. M Nirmala |
Swashthik Plascon IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Swashthik Plascon IPO?
Ans: Swashthik Plascon brings its SME IPO of Rs. 40.76 crores, on November 24, 2023, with a price band of Rs. 80-86 per share.
Q-2 What is Swashthik Plascon IPO Open date?
Ans: Swashthik Plascon IPO opening date is November 24, 2023.
Q-3 What is Swashthik Plascon IPO Close Date?
Ans: Swashthik Plascon IPO closing date is November 29, 2023.
Q-4 What is Swashthik Plascon IPO Listing date?
Ans: Swashthik Plascon IPO listing date is December 07, 2023.
Q-5 What is Swashthik Plascon IPO Minimum investment amount?
Ans: Swashthik Plascon IPO minimum investment amount is Rs. 1,37,600.
Q-6 What is Swashthik Plascon IPO offer issue Size?
Ans: Swashthik Plascon offers an issue size of Rs. 40.76 Crores.
Q-7 What is Swashthik Plascon IPO Price Band?
Ans: Swashthik Plascon IPO price band is Rs. 80-86 per share.
Q-8 Is Swashthik Plascon IPO mainboard IPO or SME IPO?
Ans: Swashthik Plascon IPO is an SME IPO.
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