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:
- Domestic sales; and
- 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:
- Setting up of a new manufacturing facility to manufacture new variants of Flexible Intermediate Bulk Containers (FIBC).
- Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th June 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 27.74 | 26.65 | 20.09 | 18.81 |
| Total Assets | 75.35 | 68.67 | 40.58 | 35.93 |
| Total Revenue | 27.59 | 81.23 | 55.34 | 49.91 |
| Profit After Tax | 1.25 | 4.38 | 1.27 | 0.3 |
| Total Borrowings | 33.15 | 30.54 | 13.79 | 10.37 |
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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 Type | Book Built Issue IPO |
| IPO Price | ₹ 61 to ₹ 65 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 230 Shares |
| Issue Size | 10,200,000 shares of ₹ 10 (Aggregating up to ₹ 66.30 Crore) |
| Fresh Issue | 10,200,000 shares of ₹ 10 (Aggregating up to ₹ 66.30 Crore) |
| QIB Shares Offered | Not more than 75% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer or the Offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| Listing At | BSE, NSE |
| Promoters | Sat 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 Date | December 30, 2022 |
| Closing Date | January 4, 2023 |
| Basis of Allotment | January 9, 2023 |
| Initiation of Refunds | January 10, 2023 |
| Credit of shares to Demat A/c | January 11, 2023 |
| Listing Date | January 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 230 | ₹ 14,950 |
| Retail (Maximum) | 13 | 2,990 | ₹ 194,350 |
| S-HNI (Minimum) | 14 | 3,220 | ₹ 209,300 |
| B-HNI (Minimum) | 67 | 15,410 | ₹ 1,001,650 |
Promoters Holdings – Sah Polymers IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 60.46% |
SWOT Analysis – Sah Polymers IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 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. |
| OPPORTUNITIES | THREATS |
| 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 Information | Sah Polymers Limited E-260-261Mewar Industrial Area Madri Udaipur Rajasthan 313003 Phone: +91 294 2493889 Email: [email protected] Website: https://sahpolymers.com/ |
| IPO Registrar | Link 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
When will Sah Polymers IPO allotment be available?
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.
When will Sah Polymers IPO list on exchanges?
The Sah Polymers IPO shares listing date is January 12, 2023.
How many shares in Sah Polymers IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 75%, NII (HNI) – 15%, and Retail – 10%.
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