Swashthik Plascon Limited IPO

Swashthik Plascon Limited IPO: Date, Review, Price, Allotment Best Details 2023

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Swashthik Plascon Limited IPO

November 24, 2023 is the date of Swashthik Plascon Limited’s Initial Public Offering (IPO). The company is a top producer of PET preforms and bottles. Through the IPO, which would involve the complete fresh issue of 4,739,200 equity shares, the business hopes to raise 40.76 crores.

Swashthik Limited IPO Details

  • Issue Size: ₹40.76 crores
  • Issue Type: Fresh Issue
  • Price Band: ₹80 to ₹86 per share
  • Minimum Lot Size: 1,600 shares
  • Listing: BSE SME
  • Issue Dates: November 24 – November 29, 2023

Financial Highlights

  • Revenue: ₹45.89 crores in FY23
  • Profit After Tax: ₹5.48 crores in FY23
  • Debt-to-Equity Ratio: 1.07 as of March 31, 2023

Company Overview

Founded in 2010, Swashthik Plascon Limited is a Gujarat-based business. Having a robust production base in Una, Gujarat, the company can turn out 10,000 metric tonnes of PET preforms and bottles annually. The company serves a wide range of markets, such as FMCG, prescription drugs, personal care, and cleaning supplies for the home.

Strengths

  • Strong manufacturing base with a modern production facility
  • Diversified customer base across various industries
  • Experienced management team with a proven track record

Weaknesses

  • Relatively small size compared to industry peers
  • Dependence on a limited range of products
  • Exposure to fluctuations in raw material prices

Analyst Recommendations

Regarding the Swashthik Plascon IPO, analysts’ opinions differ. Some people think that the company is a good place to invest because of its solid foundations and promising future growth. Others, however, warn that the company would be a risky proposition due to its tiny size and vulnerability to industry hazards.

Allotment and Listing

The allotment of Swashthik Plascon IPO shares is expected to be finalized on December 4, 2023. The shares are proposed to be listed on the BSE SME platform on December 7, 2023.

Conclusion:

Investors have the chance to share in the success of a promising PET packaging company by participating in the Swashthik Plascon IPO. Before making an investment, however, investors must to thoroughly weigh the company’s advantages and disadvantages.

Please remember that this material is not intended to be investment advice; rather, it is meant to be informative only. A licenced financial advisor should be consulted by investors prior to making any decisions on their investments.