Swashthik Plascon Limited IPO
₹80 - ₹86
1600
N/A
| Open Date: | 24-Nov-2023 |
| Close Date: | 29-Nov-2023 |
| Allotment Date: | 04-Dec-2023 |
| Listing Date: | 07-Dec-2023 |
| Listing Price: | ₹109.2/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹80-86 Per Equity Share |
| Issue Size: | Total Issue Size 4,739,200 shares (aggregating up to ₹40.76 Cr) : Fresh Issue 4,739,200 shares (aggregating up to ₹40.76 Cr) |
| Market Lot (Min Amount): | Retail - ₹137,600 : HNI - ₹275,200 |
| Earning Per Share(EPS) | ₹4.99/- |
| P/E Ratio | 17.23 |
| RoNW | 14.95% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 5,201.49 | 4,501.93 | 624.04 |
| 31 Mar,2022 | 4,218.00 | 3,578.38 | 436.99 |
| 31 Mar,2021 | 3,572.74 | 2,425.74 | 239.17 |
| Pre Issue Share Holding | 60.00% |
| Post Issue Share Holding | 43.81% |
| 1. Mr Parasmal Mahendra Kumar |
| 2. Mr Parasmal Ravindra Kumar |
| 3. Mr Parasmal Dharmendra Kumar |
| 4. Mr Misrilal Parasmal |
| 5. Mrs P Umrao |
| 6. Mrs Mahendrakumar Nirmala |
| 7. Mrs R Asha Jain |
| 8. Mrs. D Anita |
The Company proposes to utilize the Net Proceeds from the Issue 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 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
Incorporated in June 2006, Swasthik Plascon is a company that specializes in the production of PET bottles and PET preforms. They manufacture PET bottles for various applications such as pharmaceuticals, liquor, FMCG packaging, household, dishwashing liquids, repellent dispensers, etc. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.
The company has a quality control lab equipped with testing equipment to assess the capacity and quality of the products. The company conducts rigorous quality checks on their finished products to ensure that they meet the required standards. The company's in-house testing team supervises and monitors the quality, safety, and packaging of the bottles and preforms.
As of March 31, 2023, the Company's Total Income and Restated Profit after tax was Rs. 4,589.10 Lakhs and Rs. 302.19 Lakhs.
The core strength of the company lies in the following
- Experienced management and workforce, with a focus on quality, safety, cost leadership, and time-bound execution while maintaining existing client relationships.
- The cordial relationship between management and labour
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