Swashthik Plascon Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹80 – ₹86

Listed On

05 Dec 2023

Listing Price

₹120.10 (+39.65%)

Current Price LIVE

₹120.10 (+39.65%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	1,600	₹1,37,600
Retail (Max)	2	3,200	₹2,75,200
S-HNI (Min)	3	4,800	₹4,12,800
S-HNI (Max)	7	11,200	₹9,63,200
B-HNI (Min)	8	12,800	₹11,00,800

As per financials, Swashthik Plascon Limited has shown average result, RoNW is 14.95% and P/E is respectively 1161.98, 50.00 and 14.29 as per FY22, FY23 and annualised FY24 earnings. So, issue looks aggressively priced. Also sudden jump in net-profit just before IPO is very surprising. Company is in business of manufacturing PET bottles & preforms, which is highly competitive segment. Performance of BRLM is very good. So, we give NEUTRAL rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	9,00,800	9,13,600	15,76,000	33,90,400
Day 1 24-11-23	0 (0.00)	3,18,400 (0.35)	1,16,0000 (0.74)	14,78,400 (0.44)
Day 2 28-11-23	0 (0.00)	11,42,000 (1.25)	49,17,120 (3.12)	62,04,432 (1.83)
Day 3 29-11-23	30,84,800 (3.42)	2,43,82,400 (26.69)	2,13,98,400 (13.58)	4,88,65,600 (14.41)

Fresh Issue

1
Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery ( Rs 14.48/- Cr )Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plan ( Rs 10.40/- Cr ) Purchase of Plant and Machinery at the existing Manufacturing facility ( Rs 1.04/- Cr ) Funding Working Capital Requirements of the Company ( Rs 10.44/- Cr ) General Corporate Expenses
2
Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery ( Rs 14.48/- Cr )
3
Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plan ( Rs 10.40/- Cr )
4
Purchase of Plant and Machinery at the existing Manufacturing facility ( Rs 1.04/- Cr )
5
Funding Working Capital Requirements of the Company ( Rs 10.44/- Cr )
6
General Corporate Expenses
7
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
8
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
9
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
10
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
11
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
12
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

1 Comments

R
Rajiv Kumar 29 Nov 2023, 18:06

why not found in groww app

Period	Total Income	Total Expenses	Profit After Tax (PAT)
upto Q2 FY24	69.73	62.87	5.28
FY23	45.89	42.42	3.02
FY22	49.86	49.63	0.13
FY21	35.33	35.14	0.06

Open Date	Nov 24, 2023
Close Date	Nov 29, 2023
Allotment Date	Dec 01, 2023
Listing Date	Dec 05, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 80 to ₹ 86 Per Equity Share
Issue Size	Fresh Issue of Up to 47,39,200 with aggregating up to Rs 40.76/- Cr
Retail Min Lot	1 Lot (1,600 Shares - ₹ 1,37,600)
Lead Manager	Shreni Shares Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Swashtik Plascon Limited Current	2.03	50.00	14.95%	45.89
Technopack Polymers Limited	2.46	20.6	22.8%	11.52

Swashthik Plascon Limited

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