Premium Plast Ltd - IPO

Premium Plast Ltd IPO Details

Initial public offer of upto 53,46,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. 49 per equity share (including a share premium of Rs. 39 per equity share) for cash, aggregating up to Rs. 26.20 crores (Public Issue) out of which 2,70,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 49 per equity share for cash, aggregating Rs. 1.32 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 50,76,000 equity shares of face value of Rs. 10/ - each, at an issue price of Rs. 49 per equity share for cash, aggregating up to Rs. 24.88 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 27.99 % and 26.58 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Expansion of existing mfg facility , purchase of machineries. Funding of capital expenditure requirements of the company towards set up of Rooftop on Grid Solar Power Plant at its existing Mfg facility. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Premium Plast Ltd Contact Details

Premium Plast Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@premiumplast.in

Website - www.premiumplast.in