Sah Polymers Limited IPO Detail
Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.
Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.
As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
Competitive Strength:
- Product portfolio
- Customer base across geographies and industries
- Management Team
Company Promoters
Sat Industries LimitedIPO Details
| IPO Opening Date | Dec 30, 2022 |
| IPO Closing Date | Jan 04, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 - 65 per equity share |
| Market Lot | 230 Shares |
| Min Order Quantity | 230 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹66.30 Cr |
| Fresh Issue | ₹66.30 Cr |
| Offer for Sale | - |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.38x | - | - | 1.00x | 2.07x | 0.86x |
| Day 2 | 0.39x | - | - | 2.94x | 7.46x | 2.37x |
| Day 3 | 1.05x | - | - | 6.49x | 16.53x | 5.35x |
| Day 4 | 2.40x | - | - | 32.69x | 39.78x | 17.46x |
IPO Tentative Timetable
The Sah Polymers Limited IPO open date is Dec 30, 2022, and the close date is Jan 04, 2023. The issue may list on Jan 12, 2023.
| IPO Open Date | Dec 30, 2022 |
| IPO Close Date | Jan 04, 2023 |
| Basis of Allotment Date | Jan 09, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| Credit of Shares to Demat Account | Jan 11, 2023 |
| IPO Listing Date | Jan 12, 2023 |
IPO Lot Size
The Sah Polymers Limited IPO market lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194350).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 230 | ₹14950 |
| Maximum | 13 | 2990 | ₹194350 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 60.46% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 68.67 | 81.23 | 4.38 |
| 30-Jun-22 | 75.35 | 27.59 | 1.25 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).
2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.
3. Funding the working capital requirements of the Company.
4. General corporate purposes.
Sah Polymers Limited IPO Registrar:
Link Intime India Private Ltd
Sah Polymers Limited IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
Company Contact Information:
Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan-313003
