Swashthik Plascon (BSE SME)
November 24, 2023 – November 29, 2023
| Price | ₹80 - ₹86 |
| Premium | ₹15 |
|---|---|
| Lot size | 1600 |
| Allotment | Dec 1, 2023 |
| Listing | Dec 5, 2023 |
Live Rate
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Subscription
Last updated on 29 Nov 2023 | 05:54:45 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 900800 | 3084800 | 3.42 |
| HNIs | 675200 | 24382400 | 36.11 |
| Retail | 1576000 | 21398400 | 13.58 |
| Total | 3152000 | 48865600 | 15.5 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 137600 | 985 |
| HNI | 2 | 3200 | 275200 | 571 |
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 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
Swashthik Plascon IPO Details
| Issue Size | 4,740,000 shares (aggregating up to ₹40.76 Cr) |
| Fresh Issue | 4,740,000 shares (aggregating up to ₹40.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,824,795 |
| Share holding post issue | 17,564,795 |
Swashthik Plascon IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
Swashthik Plascon Limited Financial Information (Restated Standalone)
Swashthik Plascon Limited's revenue decreased by -7.97% and profit after tax (PAT) rose by 2222.75% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | |||
| Revenue | 4,589.10 | 4,986.51 | 3,533.97 |
| Profit | 302.19 | 13.01 | 6.91 |
| Net Worth | 2,021.55 | 631.53 | 618.52 |
| Reserves | 739.07 | 31.53 | 18.52 |
| Borrowing | 1,589.59 | 1,495.61 | 1,515.58 |
| Amount in ₹ Lakhs | |||
Strength
Weakness
Lead Manager(s)
Address
Swashthik Plascon Limited
No. A75 - A76, PIPDIC Electronic Park
Thirubuvanai, Mannadipet Commune,
Pondicherry - 605107
Phone: (0413)-2640955
Email: investors@swashthikplascon.com
Website: http://www.swashthikplascon.com/