Premium Plast IPO

About Premium Plast IPO

Founded in 1995, Premium Plast Limited is a distinguished tier-1 automotive component manufacturer, specializing in the design, production, and supply of high-quality exterior and interior plastic components for commercial vehicle original equipment manufacturers (OEMs). This ensures that all products, which include a wide array of injection and blow-moulded articles, meet the diverse needs of various industries, particularly the automotive sector, where they have successfully produced over 600 components across three strategically located manufacturing facilities in India.

The automotive component vertical of Premium Plast encompasses a comprehensive range of products tailored for various vehicle manufacturers. The company excels in the production of exterior components like fenders, grills, and bumpers, as well as interior parts including dashboard panels and steering wheels, all designed to withstand the rigors of commercial use. Premium Plast's focus on durability and precision in manufacturing ensures that their products not only meet but often exceed customer expectations. The company’s capability to customize products based on client specifications further enhances its reputation as a reliable partner in the automotive industry.

In addition to automotive components, Premium Plast Limited also ventures into industrial plastic parts and molded packaging solutions. By leveraging advanced engineering plastics, the company produces high-performance components for sectors like electrical distribution and safety systems. This diversification reflects Premium Plast's commitment to innovation and adaptability, as they continuously seek to meet the evolving demands of their clients in industries beyond automotive. Their packaging solutions also cater to a wide range of products, including specialized containers for tools and consumer electronics.

Sustainability is a core principle at Premium Plast Limited, underpinning its manufacturing processes and operations. The company actively reuses residual plastic from its production, significantly minimizing waste and optimizing material costs. Plans to install rooftop solar panels at their manufacturing units further demonstrate their commitment to environmentally responsible practices, aiming to reduce reliance on non-renewable energy sources. By striving for zero-discharge operations and implementing sustainable initiatives, Premium Plast is dedicated to being a socially responsible enterprise, reinforcing its position as a leader in both the automotive and industrial component sectors.

Premium Plast Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

1. Expansion of Existing Manufacturing facility at Pithampur, Madhya Pradesh and Purchase of Machineries.
2. Funding of capital expenditure requirement of the Company towards Set up of Rooftop on Grid Solar Power Plant at their existing Manufacturing facility.
3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
4. General Corporate Purpose.
5. Offer Related Expenses.