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Home IPO

Information on the upcoming Sah Polymers IPO, including date, price, and GMP & review

by Suraj Borade
January 2, 2023
in IPO
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Sah Polymers IPO
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 Sah Polymers IPO Including the IPO’s expected date, price, and GMP, as well as a reviewSah Polymers IPO

Sah Polymers Limited was established in 1992, producing and distributing FIBC Bags made from Polypropylene (PP) and High-Density Polyethylene (HDPE), as well as woven sacks, fabrics, and polymer.

Businesses in the Agro-Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Product Industry, Textile Industry, Ceramic Industry, and Steel Industry are among the many that benefit from the company’s bespoke bulk packaging services.

It’s important to note that Sah Polymers Limited operates two distinct departments: I domestic sales, and (ii) exports. The corporation operates in the home markets of six states and one territory and internationally in six regions, including Africa, the Middle East, Europe, the United States, Australia, and the Caribbean.

According to payroll records as of March 31, 2022, the company has 97 full-time, committed staff members. Udaipur, Rajasthan is home to the company’s sole factory, which has an annual installed production capacity of 3,960 metric tonnes.

Details Of Sah Polymers IPO

IPO Date Dec 30, 2022 to Jan 4, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹61 to ₹65 per share
Lot Size 230 Shares
Issue Size 10,200,000 shares of ₹10
(aggregating up to ₹66.30 Cr)
Fresh Issue 10,200,000 shares of ₹10
(aggregating up to ₹66.30 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares Offered Not less than 75% of the Issue
NII (HNI) Shares Offered Not more than 15% of the Issue
Retail Shares Offered Not more than 10% of the Issue
Company Promoters Sat Industries Limited is the company promoter.

Superior Performance in a Competitive Market:

  • Various Products
  • Global and multi-sector customer base
  • Management Group

Sah Polymers Initial Public Offering (IPO):

Strengths:

• The company’s product mix has changed over the past few years as it has moved into new product categories.

• It has a wide range of customers from different industries and parts of the country and the world. Strong Team in Charge

Risks:

• We depend a lot on how well the wires and cables market does.

• We might not be able to keep our distribution network stable and bring in more distributors and dealers.

• Our product liability could go up if we don’t meet various quality standards and good manufacturing practices. • Continuous operations at the manufacturing facilities might be interrupted.

Sah Polymers IPO

Subscription Status for the Sah Polymers Initial Public Offering, Day 2

Recent Update On Sah Polymers IPO

  • On the second day of subscription, retail investors drove demand for Sah Polymers Ltd.’s initial public offering (IPO) in Rajasthan. The initial public offering had an 86% first-day subscription rate.

  • For the first phase of the stake sale, the promoter group and selling shareholders would issue a total of 1.02 crore new shares, valued at Rs 66.3 crore. The range for the share price is now between Rs 61 and Rs 65. After the offering, the promoters and the promoter group will own 60.5% of the company’s issued and paid-up equity shares. The issuance accounts for 39.5% of the IPO’s equity capital after the offering.

  • In a filing with the exchange, the business revealed that it had raised Rs 29.84 crore through its anchor part. The anchor round included investments from three investors: the Leading Light Fund VCC-The Triumph Fund, the Saint Capital Fund, and the Maven India Fund. Making FIBCs (flexible intermediate bulk containers) out of polypropylene and HDPE, the company plans to invest Rs 8.45 crore (about $1.15 million) of the net proceeds into a new facility.

Update on Subscriptions for Day 2 As of January 2 at 10:09 a.m., the IPO had received enough orders to reach its maximum size. 1.38 times for institutional investors Those who are not affiliated with a financial institution: 1.05 2.76 for the average retail investor.

Company Financials

Sah Polymers Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Total Borrowing
31-Mar-20 35.93 49.91 0.3 18.81 10.37
31-Mar-21 40.58 55.34 1.27 20.09 13.79
31-Mar-22 68.67 81.23 4.38 26.65 30.54
30-Jun-22 75.35 27.59 1.25 27.74 33.15
Amount in ₹ Crore

Sah Polymers IPO Tentative Timetable

The IPO window for Sah Polymers is from December 30, 2022, to January 4, 2023. Between December 30, 2022, at 10:00 AM, and January 4, 2023, at 5:00 PM, Sah Polymers will accept initial public offering bids. UPI Mandate confirmation must be received by 5 pm on the issuance closing day.

Event Tentative Date
Opening Date Dec 30, 2022
Closing Date Jan 4, 2023
Basis of Allotment Jan 9, 2023
Initiation of Refunds Jan 10, 2023
Credit of Shares to Demat Jan 11, 2023
Listing Date Jan 12, 2023

Lot Size Of Sah Polymers IPO 

The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).

Application Lots Shares Amount
Retail (Min) 1 230 ₹14,950
Retail (Max) 13 2990 ₹194,350
S-HNI (Min) 14 3,220 ₹209,300
B-HNI (Min) 67 15,410 ₹1,001,650

Promoter Holding of Sah Polymers IPO 

Pre Issue Share Holding 100%
Post Issue Share Holding 60.46%

Sah Polymers IPO

Anchor Investors in the IPO of Sah Polymers

Anchor investor bids for the IPO of Sah Polymers ended on December 29, 2022. Anchor investors are given the chance to buy a total of 4,590,000 shares. The anchor Investor Lock-in Period for Sah Polymers IPO is February 20, 2023 for 50% of equity shares and May 15, 2023 for the rest.

  • Date of the Anchor Investor Bid: December 29, 2022
  • The size of the anchor portion is Rs.29.84 crore (shares sold times the highest price).
  • Anchor lock-in period end date: Around Feb. 20, 2023, for 50% of the shares (30 Days)
  • Anchor lock-in period end date (for the remaining shares): Around May 15, 2023 (90 Days)

Sah Polymers IPO Lot Size

The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).

Application Lots Shares Amount
Retail (Min) 1 230 ₹14,950
Retail (Max) 13 2990 ₹194,350
S-HNI (Min) 14 3,220 ₹209,300
B-HNI (Min) 67 15,410 ₹1,001,650

Sah Polymers IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 60.46%

Company Contact InformationSah Polymers IPO

Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: cs@sahpolymers.com
Website: https://sahpolymers.com/IPO Broker Recommendations

  • Axis Capital – Not Rated
  • Dilip Davda – Avoid
  • Marwadi Shares and Finance Ltd – Apply
  • Reliance Securities – Not Rated

Also, Visit Fusion Micro Finance IPO .

FAQ

Q: What is an IPO for Sah Polymers?

Sah Polymers’ initial public offering (IPO) is a main-board offering of 10,200,000 equity shares with a face value of 10 each, for a total of 66.30 crores. The price per share is between 61 and 65. The least you can order is 230 Shares.

The IPO starts trading on December 30, 2022, and ends on January 4, 2023.

The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.

Q: When will Sah Polymers go public?
The IPO for Sah Polymers starts on December 30, 2022, and ends on January 4, 2023.

Q: How big is a Sah Polymers IPO lot?
The size of a Sah Polymers IPO lot is 230 shares, and the minimum number of shares you can buy is.

Q: How do I apply for an IPO from Sah Polymers?
You can apply for the Sah Polymers IPO online, and you can pay with either UPI or ASBA. The application for the ASBA IPO can be found in the net banking of your bank.

Q: When does Sah Polymers go public?
The Basis of Allotment for the Sah Polymers IPO will be finalised on January 9, 2023, and the allotted shares will be added to your demat account by January 11, 2023. Check the status of the allotment for the Sah Polymers IPO. checking account. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Q: When does Sah Polymers go public?
The date that Sah Polymers will go public has not yet been announced. The likely date that Sah Polymers will go public is January 12, 2023.

 

 

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