Sah Polymers Limited IPO

Sah Polymers Limited IPO

Sah Polymers Limited IPO

IPO Details

IPO date30 Dec 2022 – 04 Jan 2023
Listing date12 Jan 2023
Price range61 – 65
Minimum order quantity230
(D)RHPView

Objects of the public issue:

  1. Setting up a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk Containers (FIBC).
  2. Repayment/ Prepayment of certain secured and unsecured borrowings.
  3. Funding the working capital requirements.
  4. 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 EndedTotal RevenueTotal BorrowingPATTotal Assets
June 30, 202227.5933.151.2575.35
March 31, 202281.2330.544.3868.67
March 31, 202155.3413.791.2740.58
March 31, 202049.9110.370.335.93

IPO Schedule

Issue Period30th December to 4th January 2022
Finalization of Allotment9th January 2023
Initiation of Refunds10th January 2023
Credit of Shares11th January 2023
Date of Listing12th January 2023
Mandate end date19th January 2023
Anchor Investors Lock-In End Date3rd 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.

By SS TEAM