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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 open date is 24th November 2023 and close date is 29th November 2023. IPO Allotment Date is 4th December 2023 and Listing date is 5th December 2023.Swashthik Plascon IPO size is Rs 40.76 Cr. crores with IPO price of Rs 86.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Swashthik Plascon IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Swashthik Plascon IPO.
Swashthik Plascon IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Neomile Growth Fund | 123,200.00 | ₹86.00 | ₹10,595,200.00 |
| Resonance Opportunities Fund | 233,600.00 | ₹86.00 | ₹20,089,600.00 |
| Chanakya Opportunities Fund | 233,600.00 | ₹86.00 | ₹20,089,600.00 |
| Silver Stallion Limited | 408,000.00 | ₹86.00 | ₹35,088,000.00 |
| Kingsman Wealth Fund | 350,400.00 | ₹86.00 | ₹30,134,400.00 |
Swashthik Plascon IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Swashthik Plascon IPO, based in Pondicherry, operates in the Recycling - Polymer sector with a focus on manufacturing of a wide range of PET Bottles and PET Preforms. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Swashthik Plascon IPO size is ₹ 40.76 Cr. Crores with fresh issue size of Rs 40.76 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Swashthik Plascon IPO is expected to be 4th December 2023, after the finalization of basis of allotment. Investors can check Swashthik Plascon IPO allotment status on the registrars website, Bigshare Services Private Limited. Swashthik Plascon IPO refund dates are 5th December 2023.
Swashthik Plascon IPO is expected to be listed on 5th December 2023.
The upper price band for the Swashthik Plascon IPO is set at ₹ 86.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Swashthik Plascon IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Swashthik Plascon IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th November 2023. After submission, funds are blocked until the basis of allotment of Swashthik Plascon IPO is finalised.
The merchant banker for Swashthik Plascon IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Swashthik Plascon IPO RHP for further details.
The registrar for Swashthik Plascon IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Swashthik Plascon IPO through their official website or helpline.
Swashthik Plascon IPO was subscribed 15.43 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 40.76 Cr.
Avg IPO Size (Sector Based)
:
₹ 40.76 Cr.
Sector: Recycling - Polymer
SME IPO so far:
1
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Pondicherry
SME IPO so far:
1
Revenue (annualised):
₹ 132.46 cr.
PE
Ratio:
14.29x
Average Sector PE Ratio: 14.29x
Swashthik Plascon IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Swashthik Plascon Financial Review Page
Merchant Banker(s) of Swashthik Plascon IPO: Shreni Shares Limited
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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