Swashthik Plascon IPO GMP: Swashthik Plascon SME IPO GMP Today

Swashthik Plascon IPO GMP: Swashthik Plascon Limited, a leading player in the plastic manufacturing industry, is all set to make its debut on the NSE Emerge platform through an Initial Public Offering (IPO). This IPO comes with a total issue size of Rs 40.76 Crores, exclusively through a fresh issue of shares. The face value of each share is Rs 10, and the IPO subscription period is from November 24th to November 29th, 2023. Investors looking to participate in this IPO must purchase at least one lot of 1600 shares or its multiples, with a price band ranging from Rs 80 to Rs 86 per share.

One of the key indicators investors often look at when considering an IPO is the Grey Market Premium (GMP). In this blog, we will delve into Swashthik Plascon IPO’s GMP and its implications for potential investors.

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Also See: All IPO GMP Today

Swashthik Plascon IPO GMP

Swashthik Plascon SME IPO GMP Today: As of 05 Dec, 2023, the Grey Market Premium (GMP) for Swashthik Plascon IPO stands at ₹12. This GMP provides an insight into the perceived demand for the company’s shares in the unofficial grey market ahead of its official listing. Using the price band of Rs 86, we can estimate the potential listing price of Swashthik Plascon SME IPO to be ₹98 per share (cap price + GMP). This implies an expected percentage gain of 13.95% for investors who secure shares during the IPO.

Here is a table summarizing the GMP and estimated listing prices for Swashthik Plascon IPO on various dates: [Last updated: 05 Dec, 2023 ; 08:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
05-12-2023₹86.00₹1214600₹98 (13.95%)
04-12-2023₹86.00₹1214600₹98 (13.95%)
03-12-2023₹86.00₹1214600₹98 (13.95%)
02-12-2023₹86.00₹1214600₹98 (13.95%)
01-12-2023₹86.00₹78500₹93 (8.14%)
30-11-2023₹86.00₹78500₹93 (8.14%)
29-11-2023₹86.00₹78500₹93 (8.14%)
28-11-2023₹86.00₹78500₹93 (8.14%)
27-11-2023₹86.00₹78500₹93 (8.14%)
26-11-2023₹86.00₹78500₹93 (8.14%)
25-11-2023₹86.00₹78500₹93 (8.14%)
24-11-2023₹86.00₹78500₹93 (8.14%)
23-11-2023₹86.00₹78500₹93 (8.14%)
22-11-2023₹86.00₹78500₹93 (8.14%)
21-11-2023₹86.00₹78500₹93 (8.14%)
20-11-2023₹86.00₹78500₹93 (8.14%)
19-11-2023₹86.00₹0₹86 (0%)

Also See: Upcoming IPO in India

Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for an IPO represents the price at which shares of the IPO are traded in an unofficial and unregulated grey market before their official listing on stock exchanges. The GMP serves as an indicator of investor sentiment and suggests how the IPO might perform on the day of listing. A positive GMP suggests that the IPO may list at a profit, while a negative GMP indicates that it may list at a discount.

However, it’s crucial to note that IPO GMP is highly volatile and speculative. Relying solely on GMP for investment decisions can be risky. It’s essential for investors to consider all relevant factors, including the company’s fundamentals, financials, and industry outlook, before making investment decisions.

About Swashthik Plascon Limited

Swashthik Plascon Limited, founded in 2006, is a prominent player in the plastic manufacturing industry. The company specializes in manufacturing a wide range of PET bottles and PET preforms, serving various sectors, including pharmaceuticals, liquor, FMCG packaging, household products, and more. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.

Swashthik Plascon’s manufacturing processes utilize advanced technology and 100% virgin, food-grade materials. They maintain a controlled and dust-tight production environment with regular quality controls to ensure product quality. The company’s commitment to quality extends to a well-equipped in-house quality control laboratory that conducts various tests to meet industry standards.

Strengths of Swashthik Plascon SME IPO

  1. Increased efficiency and reduced costs.
  2. Positive industry interaction.
  3. Extensive industry knowledge, both commercial and technical.
  4. Experienced management team.
  5. Previous success of other group companies.

IPO Timeline

Here are the important dates associated with Swashthik Plascon SME IPO:

  • IPO Open Date: November 24, 2023
  • IPO Close Date: November 29, 2023
  • Basis of Allotment Finalization Date: December 4, 2023
  • Refunds Initiation Date: December 5, 2023
  • Credit of Shares to Demat Account: December 6, 2023
  • IPO Listing Date: December 7, 2023

Conclusion

The Grey Market Premium (GMP) for Swashthik Plascon IPO provides a preliminary indication of investor sentiment and potential listing gains. However, it’s essential for investors to exercise caution and not base their investment decisions solely on GMP. Thoroughly researching the company’s fundamentals and industry prospects, along with considering their own financial goals and risk tolerance, is crucial before participating in the Swashthik Plascon SME IPO or any IPO for that matter. Investing in IPOs carries inherent risks, and making informed decisions is key to successful investments in the stock market.

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