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

 Sah Polymers IPO Including the IPO’s expected date, price, and GMP, as well as a review

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

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.

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 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.