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IPO Status: Listed [30th Dec 2022 to 4th Jan 2023]
Rated 3/5 by Team TopShareBrokers
Sah Polymers Limited offers an IPO through a fresh issue of 10,200,000 shares. The subscription of IPO is opening from 30 Dec 2022 to 4 Jan 2022. The face value of share is Rs 10 per share and the IPO price band is Rs 61 -Rs 65 per share and the minimum lot size is 230 shares. Stay updated with us to know more about Polymers IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
| IPO Issue Opening Date: | 30th Dec 2022 |
| IPO Issue Closing Date: | 4th Jan 2023 |
| IPO Issue Price: | ₹61-65 Per Share |
| DRHP: | View DRHP |
| RHP: | View RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Issue% |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹66.30Cr |
| Fresh Issue: | ₹66.30Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 60.46% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543743 |
| NSE Code: | SAH |
In this section we have covered all important dates related to Sah Polymers IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 9th Jan 2023 |
| Refunds Initiation* | 10th Jan 2023 |
| Credit of Shares to Demat* | 11th Jan 2023 |
| IPO Listing Date* | 12th Jan 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹61-65 |
| Market Lot: | 230 Shares |
| 1 Lot Amount: | ₹14950 |
| Min Small HNI Lots(2-10 Lakh): | 3220 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 15410 shares (67 lots) |
Zerodha Free Demat Account
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Sah Polymers is primarily engaged in the business of manufacturing and selling Polypropylene (PP), High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, woven polymer, etc. The company provides services to diversified industries Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.
The firm sell products domestically as well as in the overseas market. It has a strong presence in 6 states and 1 Union Territory while in the overseas market, it supplies products across 6 regions including Middle East, Europe, USA, Australia, Caribbean, and Africa.
The firm has a manufacturing facility in Udaipur, Rajasthan with an installed production capacity of 3,960 m.t. per annum.
| Incorporation | Sector | IPO Issue Size | Website |
| 1992 | Packaging | ₹66.30Cr | https://sahpolymers.com/ |
The company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new manufacturing facility to manufacture new variant 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.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,060,000 (54.55%) | 1,530,000 (27.27%) | 1,020,000 (18.18%) | 5,610,000 | 1 | 30th Dec 2022 17:02 | 0.38x | 1.00x | 2.07x | 0.86x | 2 | 2nd Jan 2023 17:02 | 0.39x | 2.94x | 7.46x | 2.37x | 3 | 3rd Jan 2023 17:02 | 1.05x | 6.49x | 16.53x | 5.35x | 4 | 4th Jan 2023 19:02 | 2.40x | 32.69x | 39.78x | 17.46x |
Past performance and financial results of Sah Polymers.
| 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 | |||||
Last Updated on 2023-02-03T15:19:26+00:00
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