Premium Plast IPO

Premium Plast Limited was founded in 1995 and designs, manufactures, and supplies exterior, interior, and hood plastic parts directly to commercial vehicle manufacturers. Premium Plast manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. The company's product portfolio includes automotive parts, industrial plastic parts, and packaging components used in a variety of industries. Premium Plast specializes in the manufacture of automotive parts and produces over 600 components in three state-of-the-art, strategically located facilities in India. The company has three (3) strategically located manufacturing facilities, two (2) of which are located in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA. Competitive strengths: Long-standing relationships with established customers, with the potential to expand the customer base The company offers a wide range of specialized plastic products for various customer segments Robust design optimization capabilities Sustainable business development Existing customer and supplier relationships Strategic location of production units Certifications according to quality standards and quality inspections Experienced promoters and an experienced management team As of June 30, 2024, the company had a total of 39 employees.

The Company proposes to utilize the Net Proceeds from the offer towards funding the following objects: Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh, and Purchase of Machineries; Funding of capital expenditure requirement of the Company towards Set up of Rooftop Grid Solar Power Plant at the existing Manufacturing facility; Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; General Corporate Purpose; and Offer Related Expenses.

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