Incorporated in June 2006, Swasthik Plascon Limited manufactures PET bottles and PET preforms.
The company manufactures PET bottles for pharmaceutical applications, spirits applications, FMCG packaging, household applications, packaging for washing-up liquids, insect repellent dispensers, etc. as well as PET preforms for mineral water segment, alcoholic and non-alcoholic beverages, glasses, edible oil segment, pharmaceutical bottles, liqueur bottles, Pril detergent bottles, PET closures.
The bottles and preforms are made from 100% fresh, food-grade material in continuous injection moulding machines.
Swasthik Plascon has three subsidiaries, namely, M/s Swashthik Preforms Pvt Ltd (a wholly owned subsidiary), M/s Swashthik Industries, and M/s Swashthik Poliemers (holding 99% partnership).
The company employs 60 permanent staff and over 35 contract workers in its production facilities.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery | — |
| Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plant | — |
| Purchase of Plant and Machinery at the Existing Manufacturing Facility | — |
| Funding Working Capital Requirements of the Company | — |
| General corporate purposes | — |
| Metric | 30 Sep 2023 | 31 Mar 2023 | |
|---|---|---|---|
| Total Assets | 11,416 | 11,076 | — |
| Revenue | 6,974 | 4,589 | — |
| PAT | 528 | 302 | — |
| Net Worth | 2,037 | 2,037 | — |
| Reserves | 1,282 | 755 | — |
| Total Borrowing | 6,232 | 5,880 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,249,600 (47%) | — |
| NII / HNI | — | 675,200 (14%) | — |
| Retail (RII) | — | 1,576,000 (33%) | — |
| Market Maker | — | 238,400 (5%) | — |
| Total | — | 4,739,200 (100%) | — |
* Amount calculated at upper price band (₹86) · ** Total includes all investor categories
- 1 Initiation of Refund 05 Dec 2023
- 2 Credit of Shares to Demat 05 Dec 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹5.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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