Premium Plast SME IPO Details, Financials, Valuation & Peers

Premium Plast Limited is a tier-1 automotive component manufacturer supplying high-quality plastic components directly to original equipment manufacturers (OEMs). With expertise in injection and blow molding technologies, the company designs, manufactures, and supplies exterior and interior automotive components, under-the-hood parts, and industrial plastic products across a range of industries. Premium Plast Limited operates three manufacturing facilities in India, located in Madhya Pradesh and Maharashtra, with a total installed capacity of 1,975 MTPA. The company boasts a robust portfolio, including over 600 automotive components such as exterior and interior parts, steering wheels, and under-the-hood components. Its product offerings also extend to industrial plastic parts used in various applications, such as electrical distribution systems and molded industrial packaging.

Key Points:

• Tier-1 Automotive Component Supplier: Directly supplies to original equipment manufacturers (OEMs) in the commercial vehicle sector.
• Product Range: Offers exterior components (fenders, grills, bumpers), interior components (dashboard panels, door handles), steering wheels, and under-the-hood components, totaling over 600 distinct products.
• Sustainability Initiatives: Implements sustainable practices, including recycling residual plastic and planning for solar energy installation to reduce operational carbon emissions.
• Client Base: Supplies components to prestigious automobile manufacturers, including exclusive contracts with companies like the Volvo Eicher Group.
• Custom Manufacturing Capabilities: Offers tailored solutions to meet specific customer requirements, enhancing flexibility and responsiveness in production.
• Innovative Product Development: Engages in the development of new products either independently or in consultation with clients, demonstrating a focus on innovation in the automotive components sector.