IPO Issue Details
Issue Price / Price Band₹86 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size47,39,200 shares (aggregating up to ₹40.76 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 24 Nov 2023
Subscription CloseWed, 29 Nov 2023
Anchor AllotmentThu, 23 Nov 2023
Basis of AllotmentMon, 04 Dec 2023
Initiation of RefundsTue, 05 Dec 2023
Credit of Shares to DematTue, 05 Dec 2023
Listing DateTue, 05 Dec 2023
UPI Mandate Deadline2023-11-29
Application & Investment Details
Retail — Min (1 Lots)₹1,37,600 — 1,600 shares
Retail — Max (13 Lots)₹1,788,800 (13 Lots)
HNI — Min (2 Lots)₹2,75,200 — 3,200 shares
EPS (Pre-IPO)₹4.99
P/E Ratio (Pre-IPO)17.23x
P/E Ratio (Post-IPO)14.29x
Net Offer to Public45,00,800 shares (aggregating up to ₹38.71 Cr)
Reserved for Market Maker2,38,400 shares (aggregating up to ₹2.05 Cr)
Pre-IPO Promoter Holding1,28,24,795 shares
Post-IPO Promoter Holding1,75,63,995 shares
About Swashthik Plascon Ltd
Incorporated in June 2006, Swasthik Plascon Limited manufactures PET bottles and PET preforms.The company manufactures PET bottles for pharmaceutical applications, spirits applications, FMCG packaging, household applications, packaging for washing-up liquids, insect repellent dispensers, etc. as well as PET preforms for mineral water segment, alcoholic and non-alcoholic beverages, glasses, edible oil segment, pharmaceutical bottles, liqueur bottles, Pril detergent bottles, PET closures.The bottles and preforms are made from 100% fresh, food-grade material in continuous injection moulding machines.Swasthik Plascon has three subsidiaries, namely, M/s Swashthik Preforms Pvt Ltd (a wholly owned subsidiary), M/s Swashthik Industries, and M/s Swashthik Poliemers (holding 99% partnership).The company employs 60 permanent staff and over 35 contract workers in its production facilities.
Objects of the Issue
Swashthik Plascon Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery
2
Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plant
3
Purchase of Plant and Machinery at the Existing Manufacturing Facility
4
Funding Working Capital Requirements of the Company
5
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,28,24,795 shares
Post-IPO Promoter Holding
1,75,63,995 shares