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Sah Polymers Limited IPO Detail

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 Limited

IPO Details

IPO Opening DateDec 30, 2022
IPO Closing DateJan 04, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹61 - 65 per equity share
Market Lot230 Shares
Min Order Quantity230 Shares
Listing AtBSE, NSE
Issue Size₹66.30 Cr
Fresh Issue₹66.30 Cr
Offer for Sale-
Retail Portion 10%

IPO Subscription (Bidding Detail)

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 DateDec 30, 2022
IPO Close DateJan 04, 2023
Basis of Allotment DateJan 09, 2023
Initiation of RefundsJan 10, 2023
Credit of Shares to Demat AccountJan 11, 2023
IPO Listing DateJan 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding60.46%

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


Mewar Industrial Area

Madri Udaipur Rajasthan-313003