58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Swashthik Plascon Limited IPO Analysis

Swashthik Plascon IPO is a book build IPO listing on BSE SME exchange. The company is based in Pondicherry and caters to Recycling - Polymer sector. Shreni Shares is the merchant banker of Swashthik Plascon IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2023.

Swashthik Plascon IPO posted revenues of Rs 139.48 crores and PAT of Rs 10.56 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Book Building

Swashthik Plascon IPO Financial Performance (Restated)

Financial results of Swashthik Plascon IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-23
FY23
FY22
FY21
Balance Sheet
Assets
114.16
110.76
27.37
28.20

Net Worth
25.64
20.37
0.32
0.19

Total Debt
62.32
58.79
8.12
14.96

Profit & Loss
Revenue
Revenue on annualised basis
66.23
132.46
45.62
49.47
33.89

EBITDA
EBITDA on annualised basis
3.59
7.18
5.92
2.50
1.50

PAT
PAT on annualised basis
3.82
7.64
3.02
0.13
0.06

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Swashthik Plascon IPO Key performance Indicators (KPI)

Swashthik Plascon IPO PAT Margin is 5.77%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows Swashthik Plascon IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-23
FY23
FY22
FY21

EBITDA Margin (%)
5.42
12.98
5.05
4.43

PAT Margin (%)
5.77
6.62
0.26
0.18

EPS (Rs.)
2.98
4.99
0.22
0.12

ROE (%)
14.90
14.83
40.63
31.58

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
3.35
2.73
0.47
0.21

Debt to Equity (x)  
2.43
2.89
25.38
78.74

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Swashthik Plascon IPO Valuation Metrics

The market Capitalisation of Swashthik Plascon IPO is Rs 151.05 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
151.05

Enterprice Value (EV) (Rs. Cr.):
213.18

EV/EBITDA (times) :
29.69

PE Multiple (times) :
14.29

P/B (times) :
2.27

NAV (Rs.) :
18.74

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Swashthik Plascon prospectus?

The Swashthik Plascon IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Swashthik Plascon IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Swashthik Plascon IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Swashthik Plascon IPO ?

The post-IPO market capitalisation of Swashthik Plascon IPO is ₹151.05 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Swashthik Plascon IPO?

The Swashthik Plascon IPO has a Price-to-Earnings (PE) ratio of 14.29 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Swashthik Plascon IPO?

Swashthik Plascon IPO reported revenue of ₹139.48 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Swashthik Plascon IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Swashthik Plascon IPO?

Swashthik Plascon recorded an EBITDA of ₹ 7.18 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Swashthik Plascon IPO?

Swashthik Plascon Profit After Tax (PAT) is ₹7.64 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 132.46 Cr.
            EBITDA: ₹ 7.18 Cr.
            PAT: ₹ 7.64 Cr.
  • EBITDA Margin: 5.42 %
            Pat Margin: 5.77%
  • Net Worth: ₹ 25.64 Cr.
  • Market Capitalisation: ₹ 151.05 Cr.
  • P/E: 14.29 times
  • P/BV: 2.27 times
  • EV/EBITDA: 29.69 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Swashthik Plascon operates in Recycling - Polymer and Manufacturing Of A Wide Range Of PET Bottles And PET Preforms. The Issue is listed on BSE SME in Dec, 2023. Swashthik Plascon IPO size was 40.76 with Issue price of 86.00 .

Swashthik Plascon IPO subscription was 15.43 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Swashthik Plascon IPO listed at a listing price of 126.10 against the offer price of 86.00.

The current market price of Swashthik Plascon is 50.96.

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