Ssf Plastics India Limited IPO is fully book build issue and total IPO size is ₹550 crores . The offering includes a fresh issue worth ₹300 crores and an offer for sale of ₹250 crores.
The dates for the SSF Plastics India Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The SSF Plastics India Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the SSF Plastics India Limited IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for SSF Plastics India Limited IPO are IIFL Capital Services Limited, Nuvama Wealth Management Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹5 Per Equity Share |
| Total Issue Size | ₹550.00 Crores |
| Fresh Issue | ₹300.00 Crores |
| OFS Issue | ₹250.00 Crores |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About SSF Plastics India Limited Company
SSF Plastics India Limited, the fourth largest manufacturer of rigid plastic packaging in India (Source: Technopak Report), offers end-to-end packaging solutions from design to delivery. Serving diverse industries including personal care, homecare, food & beverages, and pharmaceuticals, the company customizes packaging using a variety of polymers, including recycled options.
In Fiscal 2024, SSF Plastics reported a revenue from operations of ₹630.91 million (₹63.09 Crore) based on Restated Financial Information. The company operates 15 strategically located manufacturing facilities across India, exceeding a total production capacity of 50,000 tons of polymer per annum as of September 30, 2024. Known for long-standing relationships with major FMCG players, SSF Plastics is committed to innovation and sustainable material solutions.
SSF Plastics India Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 852.70 | 776.51 | 497.42 | 481.96 |
| Revenue | ||||
| Profit After Tax | ||||
| Net Worth | 371.49 | 356.71 | 309.10 | 260.33 |
| Reserves and Surplus | 350.82 | 336.05 | 308.12 | 259.35 |
| Total Borrowing | 385.36 | 355.81 | 123.84 | 145.10 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 11.15 | 15.53% | 77.35 | N.A | N.A | N.A |
Offer Objectives
The Offer comprises a fresh issue of equity shares aggregating up to ₹300 crore and an offer for sale of equity shares aggregating up to ₹250 crore by the Selling Shareholders. The company will not receive any proceeds from the Offer for Sale.
Lock-in Details:
Pre-offer equity shares, excluding promoters' contribution and excess shares held by promoters, will be locked in for six months from the date of allotment. Equity Shares held by venture capital fund or alternative investment fund of category I or category II or a foreign venture capital investor shall not be locked -in for a period of six months from the date of Allotment, provided that such Equity Shares shall be locked in for a period of at least six months from the date of purchase by such shareholders.
Equity shares allotted to anchor investors will have 50% locked in for 90 days and the remaining 50% for 30 days from the allotment date.
Utilization of Net Proceeds:
The Net Proceeds from the Fresh Issue will be utilized for the following:
- Re-payment/pre-payment of certain outstanding borrowings: ₹160 crore.
- Funding capital expenditure requirements for purchase of plant and machinery: ₹80 crore.
- General corporate purposes. The amount to be utilised for general corporate purposes shall not exceed 25% of the Gross Proceeds.
Pre-IPO Placement:
The company may consider a Pre-IPO Placement of up to 20% of the Fresh Issue size, i.e., ₹60 crore, in consultation with the BRLMs. Proceeds from Pre-IPO Placement will be reduced from the Fresh Issue and used towards the offer's objects.
Shareholding Pattern:
As of the Draft Red Herring Prospectus date, the promoters and promoter group held 4,13,28,000 Equity Shares, constituting 100% of the total shares.
Kapil Dhawan, Sunil Dhawan, Saurabh Dhawan, and Ramesh Madhavdas Chugh are the major shareholders, holding 19.06%, 16.58%, 15.63%, and 14.51% of the pre-offer equity share capital, respectively.
Company Details
Address:
Village Katha Pargana, Dharampur,
Near Baddi Tehsil Nalagarh, Solan 173 205
Himachal Pradesh, India
Phone: +91 22 6139 6666
Email: [email protected]
Website: http://www.%20ssfplastics%20.com
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: http://www.in.mpms.mufg.com
Offer Prospectus & Documents
Lead Managers
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
