Sah Polymers IPO Details
Issue Date
--
Price Range
₹61 - ₹65
Lot Size
230
IPO Size
₹66.30 Cr
Sah Polymers IPO Listing Details
Listing On
12 Jan'23
Issue Price
₹65
Listed Price
₹ 85
Retail Gain/Listing Gain
▲30.77%
Schedule of Sah Polymers IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
12/01/2023
Company Background
Sah Polymers Limited is an ISO 9001:2015 certified company, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks,HDPE/PP woven fabrics, based products of different weight, sizes and colours as per customers specifications.
It offers customised bulk packaging solutions to business-to-business (B2B) manufacturer 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. Besides, the company is a Del Credere Associate cum Consignment Stockist (DCA/ CS) of Indian Oil Corporation Limited and also operates as Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division.
The company enters into arrangements as third-party manufacturers to manufacture its tape and fabric based on customers’ requirements.
It has two business divisions:
- Domestic sales
- Exports.
The company has presence in 5 states and 1 union territory for its domestic market based on sales made for the three months ended June 30, 2022 and FY 2022, respectively. Internationally it exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy,Dominican Republic, USA, Australia,UAE, Palestine, UK and Ireland.
Presently, it has one manufacturing facility with installed production capacity of 3960 m.t. p.a. located at Udaipur,Rajasthan.
Over the years, the company has made investments, from time to time, in its manufacturing infrastructure to support their product portfolio requirements and its reach. Furthermore, in line with its strategic expansion plans, it intends to use part of Net Proceeds to establish a new facility with an additional installed capacity of 3960 m.t p.a. to manufacture different variants of FIBC products.
Competitive Strengths
Product portfolio:
Customer base across geographies and industries:
Management team:
Key Strategies
Here are a few strategies Sah Polymers Limited has for its business:
-
Setting up a new manufacturing facility to widen product portfolio and increase capacity
-
Increase customer network in existing markets and enter new geographical markets
-
Carefully evaluate and pursue accretive acquisitions
Sah Polymers Limited Financials
And finally here’s a look at key financials of Sah Polymers Limited.
How to apply for IPO through ASBA
00m 59s
Sah Polymers IPO FAQs
The Sah Polymers IPO opens for subscription from [-] to [-], with a total issue size of ₹66.30 Cr. The IPO price band is ₹61 to ₹65 per share with a lot size of 230. The company aims to list the shares on BSE & NSE on 12-01-2023.
The Sah Polymers IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Sah Polymers IPO is 230 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Sah Polymers IPO has been fixed at ₹61 to ₹65 per equity share.
You can apply for the Sah Polymers IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Sah Polymers IPO allotment will take place on [-].
You can check the Sah Polymers IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Sah Polymers shares will list on the stock exchanges on 12-01-2023.
The Sah Polymers Limited IPO has an issue size of Rs. 66.3 crores. The IPO opens for subscription on 30th December and ends on 04th January.
The allotment dates are yet to be announced.
Link Intime India Private Limited is the registrar for this IPO.
You can read more about Sah Polymers Limited and its IPO from the company’s red herring prospectus (RHP) here.
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