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Sah Polymers IPO GMP, Price, Dates & Allotment Details 2023

Sah Polymers IPO GMP, Price, Dates & Allotment Details 2023

Sah Polymers IPO opens on December 30 and closes on January 4, 2023. According to the DRHP filed in SEBI, the company is planning to issue 10,200,000 shares of ₹ 10 each.

Company is an ISO 9001:2015 certified and primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, woven polymer based products of different weight, sizes & colours as per customers specifications. 

The company offers customized bulk packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as the agro-pesticide industry, the basic drug industry, the cement industry, the chemical industry, the fertilizer industry, the food products industry, the textile industry, the ceramic industry, and the steel industry.

Company has two business divisions: 

  1. Domestic sales; and 
  2. Exports

The company now operates a single manufacturing facility in Udaipur, Rajasthan, with an installed production capacity of 3960 m.t. per year.

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Setting up of a new manufacturing facility to manufacture new variants 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.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th June 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth27.7426.6520.0918.81
Total Assets75.3568.6740.5835.93
Total Revenue27.5981.2355.3449.91
Profit After Tax1.254.381.270.3
Total Borrowings33.1530.5413.7910.37
(Amount in ₹ Crore)

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Sah Polymers IPO – Details

According to the DRHP filed in SEBI, the company is planning to issue 10,200,000 shares of ₹ 10 each.

Issue TypeBook Built Issue IPO
IPO Price₹ 61 to ₹ 65 per share
Face Value₹ 10 per share
Market Lot230 Shares
Issue Size10,200,000 shares of ₹ 10 (Aggregating up to ₹ 66.30 Crore)
Fresh Issue10,200,000 shares of ₹ 10 (Aggregating up to ₹ 66.30 Crore)
QIB Shares OfferedNot more than 75% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer or the Offer
Retail Shares OfferedNot less than 10% of the Offer
Listing AtBSE, NSE
PromotersSat Industries Limited 

GMP – Sah Polymers IPO

Sah Polymers IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Sah Polymers IPO

Sah Polymers IPO opens on December 30 and closes on January 4, 2023.

Opening DateDecember 30, 2022
Closing DateJanuary 4, 2023
Basis of AllotmentJanuary 9, 2023
Initiation of RefundsJanuary 10, 2023
Credit of shares to Demat A/cJanuary 11, 2023
Listing DateJanuary 12, 2023

Lot Size – Sah Polymers IPO

The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots i.e. 2,990 shares of ₹ 194,350.

ApplicationsLotsSharesAmount 
Retail (Minimum)1230₹ 14,950
Retail (Maximum)132,990₹ 194,350
S-HNI (Minimum)143,220₹ 209,300
B-HNI (Minimum)6715,410₹ 1,001,650

Promoters Holdings – Sah Polymers IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings60.46%

SWOT Analysis – Sah Polymers IPO

STRENGTHSWEAKNESSES
1. Company product portfolio.
2. Customer base across geographies and industries.
1. Company, Group Company, Corporate promoter, Directors and Subsidiary are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages. 
2. Dependency on top 10 customers for a significant portion of revenue. 
OPPORTUNITIESTHREATS
1. New geographical markets.
2. Packaging is one of the high growth industries in India and is developing at 22‐25% per annum and is becoming a preferred hub for the packaging industry. 
3. According to the Packaging Industry Association of India, the India Packaging Market was valued at $50.5 billion in 2019, and it is expected to reach $204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025.  

1. Plastic Ban.
2. Change in technology.
3. Competitions

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Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationSah Polymers Limited
E-260-261Mewar Industrial Area Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: [email protected]
Website: https://sahpolymers.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)Pantomath Capital Advisors Pvt Ltd

FAQ’s

The finalization of Basis of Allotment for Sah Polymers IPO will be done on January 9, 2023, and the allotted shares will be credited to your demat account by January 11, 2023. Check the Sah Polymers IPO allotment status.

The Sah Polymers IPO shares listing date is January 12, 2023.

The investors’ portion for QIB - 75%, NII (HNI) – 15%, and Retail – 10%.

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