Fri Oct 25 02:39:36 UTC 2024: **Summary of Premium Plast IPO Announcement (October 24, 2024):**

1. **Company Overview:**
– Premium Plast is a tier-1 supplier of automotive components, specializing in designing, manufacturing, and supplying exterior and interior plastic parts, as well as under-the-hood components for commercial vehicle OEMs.
– The company has a portfolio of over 600 components, including steering wheels and industrial plastic parts.
– Key clients include notable OEMs like TAFE, Varroc Excellence, and Raychem RPG.

2. **Manufacturing Facilities:**
– Premium Plast operates three manufacturing plants: two in Pithampur, Madhya Pradesh, and one in Vasai, Maharashtra, with a total capacity of 1,975 MTPA.
– The company employs 39 permanent staff as of June 30, 2024.

3. **IPO Details:**
– Offer size: INR 24.59 – 26.20 crores.
– Public offer price range: INR 46 – 49 per share.
– Lot size for the IPO: 3,000 shares.

4. **Market Information:**
– The IPO Grey Market Premium (GMP) is INR 15 per share.
– No Kostak rate reported.
– Subject to Sauda rate stands at INR 25,000 per application.

5. **Promoters:**
– Led by Mr. Chetan Nagendra Dave and Dr. Lopa Chetan Dave.

6. **Investor Focus:**
– The announcement emphasizes the growth of the Indian capital market and aims to encourage retail investor participation through informative resources.

7. **Disclaimer:**
– Content is for informational purposes only and should not be treated as investment advice. Investors are advised to consult their advisers prior to making investments.

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