Sati Poly Plast Limited IPO Detail
Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials that meet the packaging needs of various industries.
The company has set up two manufacturing units. Plant 1 is located in Gautam Budh Nagar, Noida, and can produce 540 tons per month. Plant 2 is situated in Udhyog Kendra, Noida, and has an installed capacity of 540 tons per month.
The company has steadily increased its installed capacity from 250 tonnes per month to 500 tonnes per month between 2018 and 2019.
The company supplies its packaging material to states such as Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu Delhi. Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab and Rajasthan.
The company's clients include Pidilite, Adani Wilmar and JVL.
As of March 31, 2024, the company has a total of 135 on roll Employees.
Company Promoters
The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.IPO Details
| IPO Opening Date | Jul 12, 2024 |
| IPO Closing Date | Jul 16, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 - 130 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹17.36 Cr |
| Fresh Issue | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 14.93x | 38.15x | 22.28x |
| Day 2 | 0.02x | 0.00x | 0.00x | 127.93x | 228.16x | 141.52x |
| Day 3 | 146.00x | 0.00x | 0.00x | 569.52x | 670.62x | 499.13x |
IPO Tentative Timetable
The Sati Poly Plast Limited IPO open date is Jul 12, 2024, and the close date is Jul 16, 2024. The issue may list on Jul 22, 2024.
| IPO Open Date | Jul 12, 2024 |
| IPO Close Date | Jul 16, 2024 |
| Basis of Allotment Date | Jul 18, 2024 |
| Initiation of Refunds | Jul 19, 2024 |
| Credit of Shares to Demat Account | Jul 19, 2024 |
| IPO Listing Date | Jul 22, 2024 |
IPO Lot Size
The Sati Poly Plast Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹130000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹130000 |
| Maximum | 1 | 1000 | ₹130000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.30% |
| Post Issue Share Holding | 63.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 5637.57 | 17940.98 | 328.64 |
| 31-Mar-23 | 4194.08 | 19096.69 | 308.89 |
| 31-Mar-22 | 3578.70 | 17522.39 | 28.23 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirements .
- General Corporate Purposes
Sati Poly Plast Limited IPO Registrar:
Link Intime India Private Ltd
Sati Poly Plast Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Sati Poly Plast Limited
D.N. Singh Road Bhagalpur
Bhagalpur
Bhagalpur
