In this article you get to know insight about Swashthik Plascon Limited IPO Details. Founded in June 2006, Swasthik Plascon stands out as a leading expert in the production of PET bottles and PET preforms. Specializing in crafting PET bottles for a diverse range of applications including pharmaceuticals, liquor, FMCG packaging, household items, dishwashing liquids, repellent dispensers, and more, the company also manufactures PET preforms for soft drink bottles, packaged drinking water, and juice containers.
To ensure the quality and capacity of their products, Swasthik Plascon boasts a state-of-the-art quality control lab equipped with cutting-edge testing equipment. Rigorous quality checks are conducted on finished products to guarantee they meet the required standards. The company’s in-house testing team diligently oversees and monitors the quality, safety, and packaging of both bottles and preforms.
As of March 31, 2023, Swasthik Plascon reported a Total Income of Rs. 4,589.10 Lakhs and a Restated Profit after Tax of Rs. 302.19 Lakhs.
The company’s success is underpinned by several key strengths:
Experienced Management and Workforce: Swasthik Plascon boasts a seasoned management and workforce committed to upholding high standards of quality, safety, cost leadership, and timely execution. The team prioritizes maintaining strong client relationships.
Cordial Management-Labor Relationship: A key factor contributing to the company’s success is the cordial relationship between management and labor, fostering a collaborative environment that enhances overall efficiency.
Swasthik Plascon’s dedication to excellence and its robust production capabilities make it a notable player in the PET bottle and preform manufacturing industry.
Objects of the Issue
Development of New Manufacturing Facilities and Plant Machinery Installation:
Allocating funds to support capital expenditure for establishing new manufacturing facilities and the installation of cutting-edge plant machinery. This strategic investment is geared towards expanding production capabilities and staying at the forefront of technological advancements.
Set Up of Solar Power Plant:
The company plans to invest in sustainable energy by directing funds towards the establishment of a solar power plant. This move aligns with the company’s commitment to environmental responsibility and signifies a step towards cleaner and greener operations.
Acquisition of machinery and equipment for the current manufacturing facility:
Allocating resources for the acquisition of advanced plant and machinery at the existing manufacturing facility. This aims to enhance efficiency, improve production processes, and ensure the company remains competitive in the market.
Funding Working Capital Requirements:
Directing funds to meet the working capital needs of the company. This includes maintaining a healthy cash flow, managing day-to-day operations, and ensuring a smooth business cycle.
General Corporate Purposes:
Utilizing funds for general corporate purposes, which may include addressing miscellaneous operational needs, strategic investments, and other activities that contribute to the overall stability and growth of the company.
Swashthik Plascon Limited IPO Details
| IPO Date | November 24, 2023 to November 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹80 to ₹86 per share |
| Lot Size | 1600 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing | BSE SME |
| Share holding pre issue | 12,824,795 |
| Share holding post issue | 17,563,995 |
| Market Maker portion | 238,400 shares |
Swashthik Plascon Limited IPO Reservation
.The company’s IPO distribution plan is designed to cater to a diverse range of investors. The allocation of shares in the upcoming issue is outlined as follows:
QIB (Qualified Institutional Buyers) Shares:
Offered Share Percentage: Not exceeding 50% of the Net Issue.
Retail Shares:
Offered Share Percentage: Not less than 35% of the Net Issue.
NII (Non-Institutional Investors, including HNI – High Net Worth Individuals) Shares:
Offered Share Percentage: Not less than 15% of the Net Issue.
Swashthik Plascon Limited 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 Limited IPO Promoter Holding
The company’s key promoters include 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, and Mrs. D Anita. Currently, these promoters collectively hold 60.00% of the company’s shares. However, with the upcoming share issue, there will be a shift in the ownership structure, and the promoters’ shareholding is expected to decrease to 43.81%. This alteration signifies the dilution effect resulting from the issuance of new shares. The change in shareholding highlights the company’s effort to broaden its investor base and attract external investment, potentially supporting future growth and development initiatives.
Swashthik Plascon Limited IPO Tentative Dates
| IPO Open Date | Friday, November 24, 2023 |
| IPO Close Date | Wednesday, November 29, 2023 |
| Basis of Allotment | Monday, December 4, 2023 |
| Initiation of Refunds | Tuesday, December 5, 2023 |
| Credit of Shares to Demat | Wednesday, December 6, 2023 |
| Listing Date | Thursday, December 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2023 |
Swashthik Plascon Limited IPO Registrar
For the Swasthik Plascon IPO, Bigshare Services Pvt Ltd has been appointed as the registrar. If you have any queries or require assistance regarding the IPO, you can contact Bigshare Services Pvt Ltd through the following details:
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
FAQs
What is Swasthik Plascon Limited’s primary business?
Swasthik Plascon is a leading expert in the production of PET bottles and PET preforms, catering to various industries such as pharmaceuticals, liquor, FMCG packaging, household items, and more.
When was Swasthik Plascon Limited founded?
Swasthik Plascon Limited was founded in June 2006.
What are the key financials of Swasthik Plascon Limited as of March 31, 2023?
As of March 31, 2023, Swasthik Plascon reported a Total Income of Rs. 4,589.10 Lakhs and a Restated Profit after Tax of Rs. 302.19 Lakhs.
What are the strengths of Swasthik Plascon Limited?
Swasthik Plascon’s strengths include experienced management, a cordial management-labor relationship, and a commitment to quality and safety.
What are the objectives of the IPO?
The IPO aims to fund the development of new manufacturing facilities, set up a solar power plant, purchase advanced plant and machinery, meet working capital requirements, and address general corporate purposes.
When is the IPO of Swasthik Plascon Limited?
The IPO of Swasthik Plascon Limited is scheduled to take place from November 24, 2023, to November 29, 2023.
What is the face value of Swasthik Plascon Limited shares?
The face value of Swasthik Plascon Limited shares is ₹10 per share.
What is the price range for Swasthik Plascon Limited shares in the IPO?
The price range for Swasthik Plascon Limited shares in the IPO is ₹80 to ₹86 per share.
What is the lot size for the Swasthik Plascon Limited IPO?
The lot size for the Swasthik Plascon Limited IPO is 1600 shares.