The Premium Plast Limited Share Prediction 2030 is attracting attention within the manufacturing sector, specifically in plastic products, due to its steady market presence and dedication to innovative plastic solutions. As a growing player in plastic manufacturing, this IPO gives investors a chance to engage in a market segment known for versatility and consistent demand. Below is an in-depth look at Premium Plast Limited, covering IPO details, company background, objectives, and financial projections.
IPO Details
- IPO Opening Date: Oct 21, 2024
- IPO Closing Date: Oct 23, 2024
- Issue Price: ₹49.00 per share
- Lot Size: 3,000 shares
- Total Issue Size: ₹26.20 Crores
- Listing on: NSE SME
Company Background: Premium Plast Limited
Premium Plast Limited has built a solid reputation in the plastic manufacturing industry, focusing on producing high-quality, durable plastic products for various applications. With a commitment to both innovation and sustainability, Premium Plast aims to expand its manufacturing capabilities and reach a broader customer base. This IPO is part of the company’s strategic move to support growth through increased production, diversification, and modernization of facilities.
Objectives of the IPO
- Expansion of Manufacturing Facilities: Boost production capacity to meet the increasing demand for plastic products.
- Investment in Modern Technology: Integrate advanced machinery and automation for efficient production.
- Debt Reduction: Strengthen financial stability by reducing existing debts.
- Brand Enhancement: Increase brand visibility and expand its market presence across key regions.
Financial Performance and Yearly Predictions
| Year | Predicted Share Price (INR) |
|---|---|
| 2024 | ₹52 |
| 2025 | ₹60 |
| 2026 | ₹70 |
| 2027 | ₹85 |
| 2028 | ₹100 |
| 2029 | ₹115 |
| 2030 | ₹130 |
These projections suggest a steady growth trajectory for Premium Plast Limited, reflecting its potential to leverage its enhanced production capacity and market positioning.
Subscription and Grey Market Premium Details
| Category | Subscription Status |
|---|---|
| Retail Investors | 1.9x |
| Qualified Institutional Buyers (QIB) | 3.2x |
| Non-Institutional Investors (NII) | 2.6x |
- GMP for Premium Plast Limited: ₹4
For IPO Listing Date and Price Expectations:
- Expected Listing Date: Oct 28, 2024
- Expected Listing Price: ₹50 – ₹54
With healthy subscription rates and a positive grey market premium, the Premium Plast IPO is likely to experience an enthusiastic reception upon listing.
Conclusion: Is Premium Plast Limited a Good Investment?
Premium Plast Limited offers an appealing investment opportunity in the growing plastic products sector. Its focus on expanding capacity and modernizing facilities aligns well with market demands, positioning it for sustainable growth. However, investors should assess the broader market conditions and their personal investment goals before participating. As with any investment, conducting thorough due diligence is recommended.