Sabar Flex India Limited IPO Detail
Sabar Flex India Limited is a manufacturer and supplier of all kinds of Flexible packaging materials commonly using for packing of Food, Dairy, Cosmetic, Pharmaceutical, chemical & agriculture products etc. The company was incorporated in 1932 as a Partnership Firm.
The business's operations include acting as manufacturer, processors, designers, buyers, sellers, exporters, importers, and other dealers in a variety of packing cases, cartons, drums, crates, cans, and containers, as well as wooden boxes, plastic containers, polythene containers, bottles, hollow wares, cases, drums, cages, tins, bins, jars, tubes, crates, packing cases, cans, bottles, vials, etc.
Sabar Flex India Limited has three manufacturing plants located in Gujarat.
Competitive Strengths :
- Location Advantage
- Strong management team and motivated and efficient work force
- Quality Assurance
- Research and Development capability
Company Promoters
Mr. Hikmatbahadur Krishnabahadur Kunwar is the company promoter.IPO Details
| IPO Opening Date | Sep 08, 2022 |
| IPO Closing Date | Sep 13, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹11 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.62 Cr |
| Fresh Issue | 4,200,000 shares of ₹10 (aggregating up to ₹4.62 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.11x | 0.90x | 1.01x | |
| Day 2 | - | - | 2.97x | 2.53x | 2.75x | |
| Day 3 | - | - | 3.70x | 7.93x | 5.81x | |
| Day 4 | - | - | 116.46x | 54.47x | 85.47x |
IPO Tentative Timetable
The Sabar Flex India Limited IPO open date is Sep 08, 2022, and the close date is Sep 13, 2022. The issue may list on Sep 22, 2022.
| IPO Open Date | Sep 08, 2022 |
| IPO Close Date | Sep 13, 2022 |
| Basis of Allotment Date | Sep 19, 2022 |
| Initiation of Refunds | Sep 20, 2022 |
| Credit of Shares to Demat Account | Sep 21, 2022 |
| IPO Listing Date | Sep 22, 2022 |
IPO Lot Size
The Sabar Flex India Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹110000 |
| Maximum | 1 | 10000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 53.25% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 5162.08 | 6364.32 | 89.8 |
| 31-Mar-21 | 4090.92 | 7397.88 | 139.84 |
| 31-Mar-22 | 3508.59 | 4112.91 | 81.81 |
Objects of the Issue:
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Funding the working capital requirements of the company
b) General Corporate Purposes
Sabar Flex India Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sabar Flex India Limited IPO Lead Manager(s):
GYR Capital Advisors Limited (Past IPO Performance)
Company Contact Information:
Sabar Flex India Limited
B/1/104, Palledium, Nr. Orchid Wood Opp. Divya Bhaskar, Corporate Road, Prahladnagar, Ahmedabad 380015
Ahmedabad
Gujarat
