Swashthik Plascon IPO Surges 40% in Bullish BSE SME Debut


December 5, 2023

New Delhi, India

IPO Details:

Swashthik Plascon Limited’s recent Initial Public Offering (IPO) has set the market abuzz with an impressive 40% premium on its debut on the BSE SME.

Positive Listing Performance

The company’s shares hit the market at ₹120.10, a significant 40% higher than the issue price of ₹86. This bullish debut marks a promising start for Swashthik Plascon, indicating robust investor interest and confidence.

Subscription Buzz

The IPO witnessed an overwhelming response during its subscription period, with an overall subscription of 15.43 times. Retail investors and non-institutional buyers showed particularly strong interest, subscribing 13.58 times and 35.76 times, respectively.

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Utilizing Funds for Growth

Swashthik Plascon plans to utilize the funds raised, totaling ₹40.76 crore, for strategic purposes. These include financing new manufacturing facilities, establishing a solar power plant, acquiring equipment, managing working capital requirements, and supporting general corporate needs.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Swashthik Plascon shares is currently at +15, suggesting a ₹15 premium in the grey market. This positive indication reflects market optimism, with an estimated listing price of ₹101, 17.44% higher than the IPO issue price.

Key Players and Partnerships

Bigshare Services Pvt Ltd serves as the registrar for the IPO, while Shreni Shares Private Limited is the book running lead manager. Nikunj Stock Brokers plays a crucial role as the market maker for Swashthik Plascon IPO.

Market Sentiment and Future Outlook

The successful IPO, coupled with strong subscription numbers and a substantial listing premium, showcases positive market sentiment towards Swashthik Plascon Limited. Investors appear optimistic about the company’s growth prospects, emphasizing a promising future.


Swashthik Plascon Limited’s IPO has made a confident entry into the market, backed by robust subscription figures and a remarkable listing premium. The company’s strategic plans for fund utilization and positive market reception position it well for future growth and development.


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