Swashthik Plascon Limited

Company Profile
Company Name Swashthik Plascon Limited
Open Date 24-11-2023
Close Date 29-11-2023
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹80 to ₹86 per share
Issue Size 47,39,200 Equity Shares
Application Amount ₹ 1,37,600
Recommendation Avoid
Swashthik Plascon Limited was originally Incorporated in the year 2006 and has its registered office in Pondicherry, India. The company is engaged in the business of manufacturing of a wide range of PET bottles and PET preforms which includes PET Bottles for Pharmaceutical application, Liquor application, FMCG Packaging, House Hold applications, Dish wash liquid packaging, Repellent dispenser, etc., The company manufactures Bottles and Preforms in Continuous Injection Stretch Moulding Machines with advanced Technology using 100% virgin food grade quality material. As of September 30, 2023, the company has 60 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-2 1 Mar-22 Mar-23 Sep-23
Total Assets 2,820.71 2,737.34 4,908.15 5,414.90
Net Assets 618.52 631.53 2,037.09 2,564.07
Total Borrowings 1,515.58 1,495.60 5,879.54 6,231.66
Total Revenue 3,389.66 4,947.29 4,561.81 6,623.12
Profit After Tax 6.90 13.01 302.20 528.48

Tentative Timeline

Opening Date 24-11-2023
Closing Date 29-11-2023
Basis of Allotment 04-12-2023
Initiation of Refunds 05-12-2023
Credit of Shares to Demat 06-12-2023
Listing Date 07-12-2023

Objects of the Issue

Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery and set up of solar plant.
Purchase of Plant and Machinery at the Existing Manufacturing Facility
Funding the working capital requirements.
General Corporate Expenses.

Contact Information

Registered Office Swashthik Plascon Limited No. A75 - A76, PIPDIC Electronic Park Thirubuvanai, Mannadipet Commune, Pondicherry - 605107
Phone (0413)-2640955
Email investors@swashthikplascon.com
Website https://swashthikplascon.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 60.00%
Share Holding Post Issue (Promoters) 43.81%

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