Swashthik Plascon IPO Review – GMP, Financials & More 2023

Swashthik Plascon IPO description – Swashthik Plascon Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 24, 2023

 

 

Swashthik Plascon IPO – Details

 

IPO Open Date 24 November 2023
IPO Close Date 29 November 2023
Issue Type Book Built Issue IPO
Issue Size 47,40,000 Shares Worth ₹40.76 Crore

Fresh Issue: 47,40,000 Shares Worth ₹40.76 Crore

Face Value ₹10 per equity share
IPO Price ₹80 – ₹86
Market Lot 1600 Shares
Min Order 1600 Shares (1 Lot)
Listing At BSE, SME
Register Bigshare Services Pvt Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

 

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Swashthik Plascon IPO – Date Schedule

 

IPO Opening Date 24 November 2023
IPO Closing Date 29 November 2023
Finalization of Basis of Allotment 04 December 2023
Refunds Initiation 05 December 2023
Transfer of shares to demat accounts 06 December 2023
Date of IPO Listing 07 December 2023

 

Swashthik Plascon IPO- about company 

 

Swasthik Plascon Limited is mainly engaged in the business of manufacturing of a wide range of PET bottles and PET preforms. They manufacture PET bottles for various applications such as pharmaceuticals, liquor, FMCG packaging, household, dishwashing liquids, repellent dispensers, etc. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.

The company has a quality control lab equipped with testing equipment to assess the capacity and quality of the products. The company conducts rigorous quality checks on their finished products to ensure that they meet the required standards. The company’s in-house testing team supervises and monitors the quality, safety, and packaging of the bottles and preforms.

Company’s production plants are certified according to the ISO 9001 Quality management system. The company also follow Food safety management system, Occupational health and safety protection management system, Energy management system for primary packaging materials for medicinal products.

swashthik plascon ipo
swashthik plascon ipo

 

Swashthik Plascon IPO- industry overview 

 

Data Bridge Market Research analyses that the polyethylene terephthalate (PET) bottle market, valued at USD 95,400 million in 2022, will reach USD 132583.69 million by 2030, growing at a CAGR of 4.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. 

 

The India PET packaging market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.87% during 2023-2028.

 

 Polyethylene terephthalate, or PET, is a polyester thermoplastic elastomer widely used for packaging applications. It becomes flexible on heating and can be easily molded into a wide variety of shapes. It is substantially more cost-effective than other packaging materials, such as glass, aluminum and copper. PET packaging is lightweight, which reduces transportation costs and offers an economical packaging solution to end users. It also provides high dimensional stability and resistance to moisture, solvents, and alcohols. 

 

The paper and packaging sector in India is growing rapidly and has significant potential for future expansion. The industry was valued at $50.5 billion in 2019 and is anticipated to reach $204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025. The growth in the sector is being driven by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing industry and healthcare sector. Additionally, numerous government initiatives including ‘Make in India’ had positive impact on the packaging industry. The paper and packaging industry is currently the fifth largest sector in the Indian economy and has the potential to achieve pricing levels that are about 40% cheaper compared to European regions. 

 

The Indian packaging sector has distinguished itself with its exports of flattened cans, printed sheets and components, crown cork, lug caps, plastic film laminates, craft paper, paper board and packaging machinery. The packaging segment with the fastest growth include laminates and flexible packaging, particularly PET and weaved sacks. 

 

India uses paper as a major source of packaging. The paper industry accounts for 5% of global production. Demand for paper continues to rise for the packaging of FMCG products and ready-to-eat food. Packaging-grade paper accounts for 55% of the main types of paper produced domestically in the paper and paperboard industry. 

 

India is emerging as a key exporter of packaging materials in the global market. The export of packaging materials from India grew at a CAGR of 9.9% to US$ 1,119 million in 2021-22 from US$ 844 million in 2018-19. US remains the major export destination for the packaging industry, followed by the UK, the UAE, Netherlands, and Germany.

 

Swashthik Plascon Financial Performance

 

FY 2021 FY 2022 FY 2023
Revenue 35.34 49.86 45.89
Expenses 35.14 49.63 42.42
PAT(Profit after tax) 0.07 0.13 3.02
Total Borrowing 15.15 14.95 15.89

Figures in INR Crores

 

Swashthik Plascon Valuations & Margins

 

FY 2023
EPS 4.99
PE ratio 16.03 – 17.23
RONW (%) 14.83
NAV 15.88
EBITDA (%)* 12.99
Debt/Equity 2.89

 

Swashthik Plascon IPO Prospectus

 

 

Swashthik Plascon IPO -Competitive Strengths

 

  • Cost Leadership and time bound execution.
  • Experienced management & work force.
  • Focus on Quality and Safety.
  • Cordial relationship between management and Labour.
  • Existing relationship with the clients.

 

Object Of The Issue

 

  • Funding of capital expenditure requirements of the Company towards purchase of Solar Power Plant.
  • Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery.
  • Purchase of Plant and Machinery at the existing Manufacturing facility.
  • Funding Working Capital Requirements of the Company.
  • General Corporate Purpose.

 

Swashthik Plascon IPO GMP Today

 

IPO GMP Kostak Subject to Sauda
8

 

Swashthik Plascon IPO Allotment Status

Swashthik Plascon IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Swashthik Plascon IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Minimum) 1 1600 1,37,600
Retail (Maximum) 1 1600 1,37,600
HNI (Minimum) 2 3200 2,75,200

 

2023-10-13 (4)

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