Sah Polymers Limited IPO
Sah Polymers Limited IPO
IPO Details
| IPO date | 30 Dec 2022 – 04 Jan 2023 |
| Listing date | 12 Jan 2023 |
| Price range | 61 – 65 |
| Minimum order quantity | 230 |
| (D)RHP | View |
Objects of the public issue:
- Setting up a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk Containers (FIBC).
- Repayment/ Prepayment of certain secured and unsecured borrowings.
- Funding the working capital requirements.
- General corporate purposes.
Company Details
Sah Polymers Limited IPO
Incorporated in 1992, Sah Polymers Limited is a customized bulk packaging solutions provider to business-to-business manufacturers catering to different industries
such as
- Agro Pesticides
- Basic Drugs
- Cement
- Chemicals
- Fertilizers
- Food Products
- Textiles
- Ceramic
- Steel.
It manufactures and sells Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, and woven polymer.
It has a presence in 6 states and 1 union territory domestically and it exports products to 14 countries
such as
- Algeria
- Togo
- Ghana
- Poland
- Portugal
- France
- Italy
- Dominican Republic
- USA
- Australia
- UAE
- Palestine
- the UK and Ireland
- which contributed 55% to revenue from operations in FY22.
SAT Industries Limited (listed on BSE & NSE) is its Promoter.
It is also a Del Credere associate cum consignment stockist (DCA/ CS) of Indian Oil Corporation and also operates a dealer-operated polymer warehouse of Indian Oil Corporation for its polymer division.
In January 2022, the Company acquired 51.01% of outstanding equity shares of Fibcorp Polyweave Private Limited.
Financial Snapshot (₹ crores)
| Period Ended | Total Revenue | Total Borrowing | PAT | Total Assets |
| June 30, 2022 | 27.59 | 33.15 | 1.25 | 75.35 |
| March 31, 2022 | 81.23 | 30.54 | 4.38 | 68.67 |
| March 31, 2021 | 55.34 | 13.79 | 1.27 | 40.58 |
| March 31, 2020 | 49.91 | 10.37 | 0.3 | 35.93 |
IPO Schedule
| Issue Period | 30th December to 4th January 2022 |
| Finalization of Allotment | 9th January 2023 |
| Initiation of Refunds | 10th January 2023 |
| Credit of Shares | 11th January 2023 |
| Date of Listing | 12th January 2023 |
| Mandate end date | 19th January 2023 |
| Anchor Investors Lock-In End Date | 3rd February 2023 |
Sah Polymers Limited IPO Allotment Status
Where do I check the allotment status for Sah Polymers Limited
You can check the allotment status for the Sah Polymers Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.
