IPO Details
Bidding Dates
24 Nov '23 - 29 Nov '23
Minimum Investment
₹137,600 / 1 Lot ( 1600 Shares )
Price Range
₹80 - ₹86
Maximum Investment
₹137,600 / 1 Lot ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹40.76 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Nov 24, 2023
Closing Date
Nov 29, 2023
Basis of Allotment
Dec 4, 2023
Initiation of Refunds
Dec 5, 2023
Credit of Shares to Demat
Dec 6, 2023
Listing Date
Dec 7, 2023
Cut-off time for UPI mandate confirmation
Nov 29, 2023
Swashthik Plascon IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Nov 24, 2023 |
0.00x | 0.47x | 0.74x | 0.47x |
Day 2Nov 28, 2023 |
0.00x | 1.25x | 3.12x | 1.83x |
Day 3Nov 29, 2023 |
3.42x | 35.76x | 13.58x | 15.43x |
Swashthik Plascon IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 3.42 |
| Non-Institutional Buyers | 35.76 |
| Retail Investors | 13.58 |
| Total | 15.43 |
About Swashthik Plascon Limited
Incorporated in 2006, Swashthik Plascon Limited is primarily engaged in the manufacturing of PET Bottles and PET Preforms. It manufactures PET Bottles for Pharmaceutical applications, Liquor applications, FMCG Packaging, Household applications, Dish wash liquid packaging, Repellent dispensers, etc. and PET Preforms for Soft Drinks bottles, Packaged Drinking Water bottles and Juice bottles.
The company has one manufacturing unit located in Pondicherry. In addition, it has a well-equipped quality control lab with in-house testing equipment to test the capacity and quality of its products.
The paper and packaging industry is likely to grow at a CAGR of 26.7% from 2020 to 2025. The sector growth is being driven by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing industry and the healthcare sector.
Swashthik Plascon Limited IPO Details
Swashthik Plascon Limited IPO Date
Retail investors can bid for the Swashthik Plascon Limited IPO. The issue will open on November 24, 2023.
Swashthik Plascon Limited IPO Price Band
Swashthik Plascon Limited is a fresh issue of ₹40.76 Cr. It is a book-building issue. The price range of the IPO has been set at ₹80 to ₹86 per share.
Swashthik Plascon Limited IPO Lot Size
The lot size of Swashthik Plascon Limited's IPO is 1,600 shares, and the minimum investment will be ₹1,37,600.
Swashthik Plascon Limited IPO Lot Size
The objectives of the offer are listed below:
- Funding capital expenditure for developing new manufacturing facilities and installation of plant and machinery as well as for purchasing a solar power plant.
- Purchase of plant and machinery at its existing manufacturing facility.
- Working capital requirement.
- General corporate purposes.
Peer Details
As per DRHP, Swashthik Plascon Limited has no listed peers.
How To Check the Allotment Status of the Swashthik Plascon Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Swashthik Plascon Limited
Registered office: No. A75 - A76, PIPDIC Electronic Park, Thirubuvanai, Mannadipet Commune, Puducherry - 605107, Pondicherry, India.
Phone: (0413)-2640955
E-mail: investors@swashthikplascon.com
IPO Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue | 4,589.10 | 4,986.51 | 3,533.97 |
| Profit After Tax (PAT) | 302.19 | 13.01 | 6.91 |
| Total Borrowings | 1,589.59 | 1,495.61 | 1,515.58 |
Know before investing
Strengths
2-
The company has long-term relationships with its clients. It focuses on building sustained and long-term client relationships with its clients and constantly tries to cater to customer needs with products in demand.
-
The company is focused on making investments in infrastructure and technology, expansion of customer base and geographical markets.
Risks
2-
The company is exposed to intense competition from organised and unorganised players, which may adversely affect its business performance.
-
The company needs certain approvals and licenses in the ordinary course of business, and the failure to successfully obtain such approvals would impact its operational growth.
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Swashthik Plascon Ltd IPO FAQs
Swashthik Plascon Limited is a fresh issue of ₹40.76 Cr. It is a book-building issue.
The Basis of Allotment of the IPO will be on December 04, 2023.
The IPO subscription window will open on November 24, 2023.
Retail investors can apply for a minimum of one lot, which will be 1,600 shares.
Swashthik Plascon Limited IPO will be listed on BSE SME. It will be listed on December 07, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
