31 Mar 2023
Assets110.76
Total Income45.89
Profit After Tax3.02
NET Worth20.37
Reserves and Surplus7.55
Total Borrowing58.80
At a glance
Updated 2026-09-16The shares listed at ₹120.10, a 39.65% move from the issue price. Swashthik Plascon is a SME IPO with an issue size of ₹40.76 crore, proposed for listing on BSE SME. The offer opens on 24th Nov 2023 and closes on 29th Nov 2023. The issue structure includes a fresh issue of ₹38.71 crore. The current listing schedule points to 5th Dec 2023.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹40.76 Cr
Fresh issue₹38.71 Cr
Face value₹10
Price band₹80.00–₹86.00
Allotment4th Dec 2023
Listing5th Dec 2023
Listing performance
Full performance ↗Issue price₹86.00
Listing price₹120.10
Current price—
Listing gain39.65%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper price17.44%
Est. listing₹101.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens24th Nov 2023
Closes29th Nov 2023
Allotment4th Dec 2023
Refund5th Dec 2023
Demat5th Dec 2023
Listing5th Dec 2023
Subscription demand
Full bidding ↗Total15.43×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹137,600 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery | ₹14.48 Cr |
| Funding of capital expenditure requirements of our Company towards Set up of Solar Power Plant; | ₹10.40 Cr |
| Purchase of Plant and Machinery at our existing Manufacturing facility; | ₹1.04 Cr |
| Funding Working Capital Requirements of our Company; | ₹10.44 Cr |
| General corporate purposes | ₹0.12 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue69.74₹ Cr · +52.0% vs prior year
PAT5.28₹ Cr · +74.8% vs prior year
Assets114.16₹ Cr · +3.1% vs prior year
Net Worth25.64₹ Cr · +25.9% vs prior year
Borrowing62.32₹ Cr · +6.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore30 Sep 2023
Assets114.16
Total Income69.74
Profit After Tax5.28
NET Worth25.64
Reserves and Surplus12.82
Total Borrowing62.32
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS4.99
Pre-IPO P/E17.23
Post-IPO P/E14.29
Promoter holding pre60%
Promoter holding post43.81%
Market cap₹151.05 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| STUB | — | — | — | — |
| FY23 | — | — | — | — |
| FY22 | — | — | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees including underwriting commission | ₹1.82 Cr |
| Brokerage, selling, commission and upload fees | ₹0.00 Cr |
| Registrar to the issue | ₹0.02 Cr |
| Legal Advisors | ₹0.01 Cr |
| Advertising and Marketing expenses | ₹0.37 Cr |
| Regulators including stock exchanges | ₹0.04 Cr |
| Printing and distribution of issue stationery | ₹0.01 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review, auditors, etc.) | ₹2.01 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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