Swashthik Plascon Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Swashthik

CMP

73.00

+0.12 (0.16%)

  • DRHP
₹86

Offer Price

₹ 40.76 Cr

Issue Size

₹ 1,37,600

Min Investment

1,600

Lot size

Time Line

  • 24
    Nov 2023
    Open
  • 29
    Nov 2023
    Close
  • 04
    Dec 2023
    Finalisation of Basis of Allotment
  • 05
    Dec 2023
    Initiation of Refunds
  • 06
    Dec 2023
    Transfer of Shares to Demat Account
  • 05
    Dec 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Invest in infrastructure and technology.

  • Expanding its customer base.

  • Improving functional efficiency.

  • Enhancing existing products base and product quality.

  • Expansion of Geographical Markets.

Products & Services

  • The company is mainly engaged in the business of manufacturing of a wide range of PET Bottles and PET Preforms.

Strengths

  • Experienced management & work force.

  • Focus on Quality and Safety.

  • Cost Leadership and time bound execution.

  • Existing relationship with the clients.

  • Cordial relationship between management and Labour.

Risks

  • The Company, its Promoters, its Directors and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

  • Its success mainly depends on sectors specific to PET bottle industry in which the company cater to and therefore as a result its may be affected by any disruptions in the industry. Any failure on its part to do so, may have an impact on the reputation of its products, which could have an adverse effect on the company revenue, reputation, financial conditions, results of operations and cash flows.

  • Concerns over Plastic Ban and Environment for packaged water bottles.

  • Its third-party suppliers, on whom its relies for the raw material, may fail to deliver raw material of sufficient quality or in a timely manner, which could adversely affect its reputation, net sales and profitability.

  • Changes in technology may render its current technologies obsolete or require the company to make substantial capital investments.

Company Promoters

Promoters Holding

Issue For IPO
16.19%
Pre Holding

60.00%

Post Holding

43.81%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 3.02 (-) 45.62 (-) 14.95 (-)
Gross Profit 3.02 (-) 45.62 (-) 14.95 (-)
Net Income 3.02 (-) 45.62 (-) 14.95 (-)
Assets 3.02 (-) 45.62 (-) 14.95 (-)
Liabilities 3.02 (-) 45.62 (-) 14.95 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Swashthik Plascon Ltd 45.62 3.02 36.35 16.14 14.95 0.00 15.76 2.11 0.44
Technopack Polymers Ltd 11.52 2.37 20.42 20.42 13.86 5.40 31.64 11.60 0.14

Book Running Managers

  • Shreni Shares Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

A75-A76 PIPDIC Electronic Park,
Thirubuvanai Manndipet Commune,
Pondicherry. - 605107
Phone : 0413-2640955 Email : investors@swashthikplascon.com www.swashthikplascon.com

Offer Related Information

Initial public offer of 47,39,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Swashthik Plascon Limited ("The Company" or "Swashthik" or "The Issuer") at an issue price of Rs. 86/- per equity share for cash, aggregating to Rs. 40.76 crores ("Public Issue") out of which 2,38,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 86/- per equity share for cash, aggregating to Rs. 2.05 crores will be reserved for subscription by the market maker to the... More

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